Latest Mariana Mazzucato Quotes from Interviews

Quotes about:

• What is needed is both a New Deal in terms of mission-oriented investments but also a new deal in terms of a modern social compact - one that allows the state to socialize not only risks but also rewards. Maybe then innovation-led growth will also become growth that includes all of us.

  Mariana Mazzucato

  Risk, Innovation, Growth

  Source: www.salon.com

• Rethinking capitalism means rethinking the role of the public sector, the role of the private sector, the role of finance, and the relationship between them all.

  Mariana Mazzucato

  Mean, Roles, Finance

  Source: www.salon.com

• Brexit and Trump's election are forcing countries to come up with new radical ideas.

  Mariana Mazzucato

  Country, Ideas, Election

  Source: www.salon.com

• An interesting attribute of public banks is that they don't only de-risk the downside, but also get a share of the upside.

  Mariana Mazzucato

  Interesting, Risk, Share

  Source: www.salon.com

• Green is not just about renewable energy. It's also about creating a new direction for the whole economy. This requires government to step up, not step back, creating the kinds of mission-oriented public organizations that will enable us to tackle climate change - as ambitious as those that got us to the moon. It also requires the financial sector to be less short-term since we know that short-term finance has distorted incentives and directions in areas like biotechnology.

  Mariana Mazzucato

  Moon, Government, Organization

  Source: www.salon.com

• My specific concerns with Trump's plans are that they are likely to investments in infrastructure where the private returns are highest (for example toll roads and bridges) rather than where the public gains are greatest.

  Mariana Mazzucato

  Bridges, Example, Tolls

  Source: www.salon.com

• If we look at Germany's infrastructure policy, it has been driven by its mission-oriented focus on green infrastructure. This affects both innovation and infrastructure, old industries and new. The German steel industry, for example, has adapted to the policy by lowering its material content through a 'repurpose, reuse and recycle' strategy.

  Mariana Mazzucato

  Focus, Innovation, Example

  Source: www.salon.com

• We should be investing where the public returns are greatest - that is in innovation.

  Mariana Mazzucato

  Innovation, Investing, Return

  Source: www.salon.com

• While infrastructure is of course important, it must be part of a bigger vision. The point is not to simply dig ditches but to steer those investments towards transformational growth.

  Mariana Mazzucato

  Growth, Vision, Important

  Source: www.salon.com

• Too many politicians seem to reach for 'infrastructure' as the default answer to investment, as if roads and bridges were the answer to everything. Even the IMF and the World Bank seem to mainly offer infrastructure spending as an alternative to austerity, although they are right to focus on the need for investment.

  Mariana Mazzucato

  Bridges, Focus, Needs

  Source: www.salon.com

• As a businessman, Donald Trump has been associated with some of the worst excesses of a particular style of value-extracting and asset stripping capitalism: set up businesses, let them fail, avoid paying suppliers, use bankruptcy laws to avoid taxes for decades, then set up another business somewhere else. It is this model that is the cause of many problems we see today.

  Mariana Mazzucato

  Law, Somewhere Else, Style

  Source: www.salon.com

• With a Trump administration we don't know enough yet to make predictions, but if past behavior is any indication, I am not encouraged.

  Mariana Mazzucato

  Past, Administration, Behavior

  Source: www.salon.com

• There is a lot of flesh to be put on the bones - but there is at least an opening for a more pragmatic, less ideological debate about how to build economies that work for people, within the limits of our planet.

  Mariana Mazzucato

  People, Flesh, Limits

  Source: www.salon.com

• Brexit has shrunk the market opportunities. Exiting trade deals will do the same for the U.S. Those deals must be actively shaped and governed to make growth more inclusive.

  Mariana Mazzucato

  Opportunity, Growth, Trade

  Source: www.salon.com

• Brexit and Trump have brought the problems of capitalism into sharp relief, but both are only making things worse. Take the investment challenge - businesses invest where there they see technological or market opportunity.

  Mariana Mazzucato

  Opportunity, Challenges, Relief

  Source: www.salon.com

• Fixing markets isn't enough. We have to actively shape and create them and tilt the playing field in the direction of the growth we want.

  Mariana Mazzucato

  Growth, Tilt, Shapes

  Source: www.salon.com

• If we want growth today to be more innovation-driven, more inclusive and more sustainable, then we need a more active state, not a less active one. Yet we still hear the dogma that we should just fix market failure by focusing on science and infrastructure, and to "level the playing field."

  Mariana Mazzucato

  Innovation, Growth, Needs

  Source: www.salon.com

• In my view, the state should be active and work in cooperation with private businesses to spur growth that's sustainable and inclusive. The policy process is about co-creating and co-shaping of markets, creating new opportunities for business investment - and negotiating a better deal for the public too.

  Mariana Mazzucato

  Opportunity, Views, Creating

  Source: www.salon.com

• Germany is using its Energiewende policy as a way of envisioning a green transformation and innovation across many sectors.

  Mariana Mazzucato

  Innovation, Germany, Green

  Source: www.salon.com

• Markets are not static entities that are 'intervened' in (for good or bad) but are outcomes of public and private interactions.

  Mariana Mazzucato

  Outcomes, Static, Entity

  Source: www.salon.com

• Mainstream economic theories popular in the last several decades have tended to downplay the government's role in markets and to increase skepticism about even that more limited role. Austerity, particularly in Europe, has added to the problem. It has not worked, even on its own terms.

  Mariana Mazzucato

  Government, Europe, Roles

  Source: www.salon.com

• Companies prefer to put money in the pockets of shareholders or to hoard cash rather than to raise wages or invest.

  Mariana Mazzucato

  Pockets, Wages, Cash

  Source: www.salon.com

• Shareholder value theory - the destructive idea that companies should be run solely for the benefit of shareholders - has led to financialized businesses that do not invest in the areas that will lead to future growth or the invention of useful new products.

  Mariana Mazzucato

  Running, Ideas, Growth

  Source: www.salon.com

• If we look at the complexity of the challenges facing western societies today, we see that the problems are not really about outsiders, but have their roots much closer to home.

  Mariana Mazzucato

  Home, Roots, Challenges

  Source: www.salon.com

• Our current model of capitalism and the dominant ideas in policy making have led to a failure of investment by both the public and the private sector in the things that drive productivity, and which affect its distribution.

  Mariana Mazzucato

  Policy Making, Ideas, Investment

  Source: www.salon.com