Mariana Mazzucato on collective wealth creation and new institutional structures
“Given the short-term thinking so prevalent in the modern financial world, state banks and other public financing mechanisms including sovereign wealth funds should be used to create a larger pool of “patient” capital to finance companies that are willing to invest and innovate.”
– Mariana Mazzucato, Founding Director of the Institute for Innovation & Public Purpose at University College London and Chair of the World Health Organization’s “Council on the Economics of Health for All”, in the guest contribution “Opportunity for alternative economic policy – Progressive politicians should now formulate an agenda for inclusive and sustainable growth. For this to be successful, five principles are important, says Mariana Mazzucato”, Handelsblatt 14. – 16. October 2022, page 64, No. 199
