Professor Mariana Mazzucato

I wrote about in the entrepreneurial state how most of the funding for this great technology revolution was state funded.

No longer.

They have... So how do you stop them?

So there's two issues.

One is how you change it now.

Another one is what should have happened, but also what we should do in the future to prevent that from getting worse.

I'm actually having breakfast with him on Friday morning at Zucman for this big conference that Piketty set up where I'm giving a talk.

Well, we're all economists.

I don't know you.

Anyway, however.

So the reason why I think our two arguments also go very much hand in hand is both Zuckman and Piketty's work has been very important for redistribution.

Right.

My work is about predistribution.

How do you get these relationships right so you don't even create that excess wealth that then needs to be taxed?

So what is predistribution?

It's precisely, as the book's main point, it's to get the capital-labor relationship right from the start.

The public-private, which is the main thing that I've written about in my life, right from the start.

Instead of what?

Socialization of risk, privatization of reward.

By the way, when Piketty's book came out,