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Professor Mariana Mazzucato

๐Ÿ‘ค Speaker
450 total appearances

Appearances Over Time

Podcast Appearances

The Rest Is Money
284. Is it time to smash the economic consensus?

That's not what the book's about.

The Rest Is Money
284. Is it time to smash the economic consensus?

Capitalism can be done differently.

The Rest Is Money
284. Is it time to smash the economic consensus?

It's the opposite.

The Rest Is Money
284. Is it time to smash the economic consensus?

What I say is that we're relying on people to just rely on goodwill.

The Rest Is Money
284. Is it time to smash the economic consensus?

Oh, companies might do some corporate social responsibility.

The Rest Is Money
284. Is it time to smash the economic consensus?

Oh, we might have Amazon doing a little...

The Rest Is Money
284. Is it time to smash the economic consensus?

the company, not the horse, doing a bit of bad here.

The Rest Is Money
284. Is it time to smash the economic consensus?

Oh, but they have the Bezos Earth Fund there.

The Rest Is Money
284. Is it time to smash the economic consensus?

So this philanthropization of global capitalism, I think it's bringing us back to the Middle Ages, where we had the benefactors, where we had to wait for someone to do good because the system was not working.

The Rest Is Money
284. Is it time to smash the economic consensus?

What I say is go to the contracts.

The Rest Is Money
284. Is it time to smash the economic consensus?

We have 80% of industrial wastewater is not recycled.

The Rest Is Money
284. Is it time to smash the economic consensus?

The contract, the state is giving Pepsi-Cola, Anheuser-Busch water rights, because that happens around the world, the contract.

The Rest Is Money
284. Is it time to smash the economic consensus?

So

The Rest Is Money
284. Is it time to smash the economic consensus?

So the whole relational value thing is not just a philosophical issue.

The Rest Is Money
284. Is it time to smash the economic consensus?

Water rights, property rights, procurement contracts, bailouts, public loans do not embody the good.

The Rest Is Money
284. Is it time to smash the economic consensus?

Hold on.

The Rest Is Money
284. Is it time to smash the economic consensus?

That's a whole different point.

The Rest Is Money
284. Is it time to smash the economic consensus?

So in the 1970s, when government was much more directive and it ended up picking winners, picking sectors, whatever, that went wrong.

The Rest Is Money
284. Is it time to smash the economic consensus?

Government should

The Rest Is Money
284. Is it time to smash the economic consensus?

pick problems, and the book is also about how to pick the problems, but let's just leave that for now, that require all sectors to change.