The pandemic and subsequent economic crisis have shown how government is crucial for getting things done – like rolling out a vaccine or throwing the economy a lifeline. But what if the state aspired to do a lot more? Economist Mariana Mazzucato thinks that states need to rediscover grand ambition and in-house expertise to solve climate change and inequality. Plus, a look at the ups and downs of China's economy in 2021.Guests: Professor Mariana Mazzucato, Director, Institute for Innovation and Public Purpose, University College London. Author of Mission Economy: A Moonshot Guide to Changing Capitalism (First broadcast 18/03/2021)Professor Jane Golley, Director, Australian Centre on China in the World, ANU

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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