A Mission-Oriented Approach to Stakeholder Capitalism
Across her research and writing, UCL Professor Mariana Mazzucato offers searing criticisms of capitalism, providing a rare lens onto the enormous role that the public sector has played in launching innovative enterprises (for example, the iPhone and electric vehicles), which few in the entrepreneurial private sector tend to acknowledge. Government, she argues, owns a critical place in our collective economic well-being, it can be—when well structured— a true value creator not just market fixer. And only by restructuring capitalism in a way that ensures that government, corporations, and society connect across very real problems can we address the biggest challenges we face—and build stakeholder capitalism. These challenges are gnarly at best, framed by climate change, the digital divide, public health, and social well-being. In Mazzucato’s new book Mission Economy: a moonshot guide to changing capitalism she sees the possibility for a new “mission oriented” approach to embrace inclusivity, sustainability, and innovation that partners government and the private sector to the profit of all. She speaks with Stephanie Flanders, head of Bloomberg Economics.
Find out more about Mazzucato's book, Mission Economy: A Moonshot Guide to Changing Capitalism. Discover more books from RE$ET speakers in our book blog.