Thursday, June 25, 2020

No More Free-Lunch Bailouts — Mariana Mazzucato

With governments spending on a massive scale to save industries and mitigate the economic fallout from COVID-19, they should be positioning their economies for a more sustainable future. Fortunately, far from remaining taboo, using state aid to change private-sector behavior has become common sense.
Managed capitalism for public purpose versus neoliberalism as government favoring capital accumulation and preservation for unlimited growth and expecting "trickle down."

Project Syndicate
No More Free-Lunch Bailouts
Mariana Mazzucato | RM Phillips chair in the Economics of Innovation at SPRU in the University of Sussex

1 comment:

Ralph Musgrave said...

Ooooh oooh: Mariana Mazzucato says we need "sustainable and inclusive" growth.

I've read her books and plenty of her articles. Basically she's just a charlatan (like many in academia) who trotts out meaninglesss fashionable words like sustainable, inclusive, democratize, and so on.

Certainly any old fashionable phrase will fool 95% of the population, whether it's Allahu Akbar, Sieg Heil, or you name it.