The State and Innovation: Socialising Both Risks and Rewards, lecture by Mariana Mazzucato
Channel: BITS
Date: 2017-05-15

Building on her book The Entrepreneurial State: debunking private vs. public sector myths, Mazzucato’s talk focuses on the public sector investments that led to the Silicon Valley growth model.  She argues that the limited narrative of the state’s role in innovation—in the media, in policy and in economic theory— as only ‘fixing markets’ rather than co-creating and shaping them, has justified risks to be socialised while profits are privatised. It is this, not the “robots", that are leading to the problematic relationship between innovation and inequality. Barcelona, May 2017.