‘Make people dream’: how to build an economy for the common good

TL;DR

Governments need a clear vision and purpose, not just slogans about economic growth.
Mariana Mazzucato proposes a 'common good economy' to tackle inequality and climate crises.
Governments should actively shape markets rather than being passive fixers.
The 'common good' is a shared objective, distinct from 'public goods' which are market corrections.
Neoliberalism led to people being treated as consumers instead of citizens, weakening the public sphere.
Innovation comes from both public and private sectors; the internet is an example of government-led innovation.
Reliance on consultants weakens governments and warps economies.
Mazzucato believes governments are not penalized by bond markets for smart investment strategies.
Current economic models treat climate change as externalities or a 'tragedy of the commons', rather than a design objective.
The problem is not growth itself, but growing in the wrong way; capitalism can be part of the solution.
Pre-distribution, ensuring fair shares from investments, is better than redistribution.
Community involvement, shared spaces, and collective structures are vital for human flourishing and joy.
Investing in public amenities like soccer pitches and libraries can improve health, reduce crime, and ultimately cost the state less.

Weiter zum Originalartikel