Mariana Mazzucato: Complementing the welfare state with a dynamic innovation state
A new state agenda must…
“…create both a well-equipped welfare state and a dynamic innovation state, because both go hand in hand. Without social services, too many people will remain vulnerable and will not have access to the basic prerequisites for well-being and economic participation – including education, job security and health. And without innovation, economic growth and solutions to pressing societal problems – whether it’s a pandemic, climate change or the digital divide – will remain out of reach.”
– 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 article ‘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