Economist Mariana Mazzucato argues the economic system is broken
Key Takeaways
- Economic systems need fundamental reform according to Mariana Mazzucato.
- Governments and the private sector must work closely together.
- Policymakers should actively shape market governance rather than just fix failures.
Renowned international economist and government adviser Mariana Mazzucato argues in her new book, "The Common Good Economy," that current economic systems are failing. She suggests governments must actively collaborate with the private sector rather than leaving businesses completely to their own devices.
Mazzucato emphasizes the need to move away from merely fixing market and government failures. Instead, she advocates for governments to take an active role in shaping how markets are governed to better serve society.
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