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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?

So when you just have a list, and I think this is happening now with AI, AI is a sector or it's a set of problems that we should be solving, and that means a lot for also other sectors and how they engage with AI.

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

Whether we have governments capable of doing this or not, I think, first of all, we have to invest in that capability, but coming back to the contracts, there is so much, how do you say,

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

Not just inertia, but incumbency effects, which you had mentioned before, which is very right.

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

It's not true that it's win-win.

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

Pfizer will make less money if this book is the recipe, if you want, especially in how we think about health.

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

Why?

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

Because Pfizer abused its power.

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

You know, Pfizer benefits massively from publicly funded research and then is able to set whatever prices it wants, but also how it interacts with publicly funded research, which I've written about elsewhere.

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

I used to tell my husband if I don't come home at night, it was Pfizer.

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

You know, it's a company that's very financialized, spends much more on share buybacks and R&D.

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

I think government has failed in how it works with companies like Pfizer to not make sure that the intellectual property rights are not too strong, too wide, too upstream, so on and so forth.

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

So the book is not about saying this is easy.

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

It's hard.

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

That's why we need the compass to hold us all accountable when we talk about good.

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

But it's also very prescriptive in terms of where things have gone wrong.

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

And that's not because the civil servants didn't care.

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

They have been trying their hardest, but I think as long as the ideology that the market works and you come in to fix it as opposed to shaping the market to deliver for people and planet with a compass that holds you within the civil service and others inside business accountable for doing good, then it will not happen.

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

Absolutely.

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

And I'm not saying... And all the researchers, by the way.

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

They are buying all the researchers in AI.