Misión economía: Una guía para cambiar el capitalismo

Misión economía: Una guía para cambiar el capitalismo

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  • Create Date:2021-05-22 02:15:57
  • Update Date:2025-09-24
  • Status:finish
  • Author:Mariana Mazzucato
  • ISBN:8430623825
  • Environment:PC/Android/iPhone/iPad/Kindle

Summary

Llegar a la Luna fue un extraordinario logro que requirió nuevas formas de colaboración entre los sectores público y privado, un altísimo nivel de compromiso y coordinación y la aceptación de riesgos y gastos muy elevados para alcanzar una meta a largo plazo。 Inspirándose en las misiones del programa lunar, Mazzucato propone que se aplique ese mismo nivel de innovación a una serie de objetivos sociales, económicos y políticos clave con el fin de salir de nuestro estancamiento rumbo a un futuro más optimista。

El capitalismo lleva tiempo paralizado y no ofrece respuestas a nuestros mayores problemas, como las epidemias, la desigualdad y la crisis ambiental。 Se impone la necesidad de repensar el papel de los Estados en la economía y la sociedad, de orientar los presupuestos al largo plazo y de recuperar el sentido del interés público。

Misión economía, cuyas ideas ya se están adoptando en todo el mundo, propone fijarse unos objetivos inspiradores e ilusionantes, entre los que se incluyen una prosperidad ampliamente compartida, unos servicios públicos de calidad para todos y una solución a la crisis climática。 Según Mazzucato, los Estados pueden afrontar grandes desafíos y misiones ambiciosas, y su visión ofrece una salida a nuestro inmovilismo hacia un futuro más optimista。

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Reviews

Ioannis Ioannou

arguably one of the most boring, uninteresting books I have read。 couldn't find a single, worthy new ideal。。。 arguably one of the most boring, uninteresting books I have read。 couldn't find a single, worthy new ideal。。。 。。。more

Matthew Lewis

This book does a great job of painting the picture of how I think the government SHOULD work。

Toddk

Lots of good information on the Apollo program and how effective it was for a government project。

Erich Gimenes

De maneira curta e direta com analogias que beiram a perfeição, Mazzucatto expõe uma nova visão de estado que emerge em uma crise evidente do capitalismo e que demanda um novo modelo gestão, inovação e co-criacao de valor para a sociedade envolvendo as várias Instituições e organizações privadas e públicas em torno das missões que podem mudar o curso da história: redução das desigualdades, reação à mudança climática e fortalecimento da democracia。

Aaron

I had to read this book for an assignment - and it turned out the most disappointing thing since Stephanie Kelton's "The Deficit Myth"。 However, there is a really interesting set of ideas at the basis of the book - they can be roughly structured in 5 core theses:Thesis 1: There are complex societal problems (i。e。 problems affecting the entire society), which "require (。。。) social, organizational and political innovation。" They must be solved by "getting the public and private sector to truly col I had to read this book for an assignment - and it turned out the most disappointing thing since Stephanie Kelton's "The Deficit Myth"。 However, there is a really interesting set of ideas at the basis of the book - they can be roughly structured in 5 core theses:Thesis 1: There are complex societal problems (i。e。 problems affecting the entire society), which "require (。。。) social, organizational and political innovation。" They must be solved by "getting the public and private sector to truly collaborate on investing in solutions"。Thesis 2: The agents in the free market (i。e。 the private sector) take decisions within a given regulatory framework, based on profit metrics。 The decisions are not inherently aligned with the complex societal problems at hand, if the problems do not manifest themselves (sufficiently) in the profit metrics, or the regulator framework。Thesis 3: It is therefore the task of the government to identify (together with "the people") to identify the relevant societal problems, to define visionary goals, and to facilitate/coordinate the achievement of these goals。Thesis 4: The way to coordinate the problem solving is for the government agents to be acting as informed risk takers in a mission based economy (i。e。 outcome focused) involving public and private entities。Thesis 5: Provided the correct problems are identified and implemented this would "restructure contemporary" capitalism and "result in a more sustainable and just society"。So Theses 1-2 are self evident。 Theses 3 and 4 are a proposition building on 1 and 2。 Thesis 5 is a bit of an outlook what the author believes how an implementation would manifest。 So much for the interesting part of the book。The sad part is that instead of developing the points of thesis 3 and 4 in a neutral and logical kind of manner, the book spends quite some pages on thesis 2 and sadly enough even more pages on preaching thesis 5。As an example for what I mean a quote from page 141:"Such bold policies need clear framing, along with mandatory changes to the status quo。 For example, for the European Green Deal to succeed, governments need to redesign financial instruments broadly。 This includes directing public banks, (。。。) towards fuel[l]ing funds for _green_ projects; getting the central bank to use financial regulation to reward _green_ banking; using structural funds (。。。) to foster _green_ infrastructure rather than simple "shovel ready" projects; and restructuring investment funds and funds for small and mid-size enterprises to focus on rewarding the most innovative companies that provide _green_ solutions。"While the quote may fit into a speech at a green party rally or in an iteration of the game "how often can you say green in one sentence", the above also contains at least one false statement (the ECB is not responsible for financial regulation - https://ec。europa。eu/info/business-ec。。。 ), more fill words than bearable, and meaningless (but well sounding) word shells (or can you tell me ad hoc what a "green solution" is?)。Anyway, at least the author remains humble to some degree (p。 142):"In addition, a green transition will not happen without the revolution this book is advocating in how governments operate and how the relationships between public and private organizations are structured。" 。。。more

Grant

I enjoyed this more than the Entrepreneurial State。 It's formatted and edited in a much cleaner way and summarises most of the main points from TES into a nice easy to read package。 I enjoyed this more than the Entrepreneurial State。 It's formatted and edited in a much cleaner way and summarises most of the main points from TES into a nice easy to read package。 。。。more

Sanchia Aranda

Read this as an audio book。 Excellent account of the shift capitalist societies need to make to have governments that lead for purpose。 Loved it。

Dawid Pacha

An interesting read says a lot about the reality of where does innovation really comes from。

Michiel Scheen

Maybe a sequel to "The entrepreneurial state"。 A variation on the same vision。 That might explain why I was more impressed by the first one。 But this book could still be inspiring for workers in ngo's and public-private sectors。 Maybe a sequel to "The entrepreneurial state"。 A variation on the same vision。 That might explain why I was more impressed by the first one。 But this book could still be inspiring for workers in ngo's and public-private sectors。 。。。more

Eva

I want Mariana Mazzucato to take over all governments。 Here she builds further upon on her vision that governments should take on more risk, and steer markets and the private sector into directions that serve the common good, and NOT simply exist to fix market mistakes。 She lists the many ways our economies are broken today, and advocates that we need to restructure governments around more mission-oriented thinking。 The prime example of a big mission-oriented government-led success is the decade I want Mariana Mazzucato to take over all governments。 Here she builds further upon on her vision that governments should take on more risk, and steer markets and the private sector into directions that serve the common good, and NOT simply exist to fix market mistakes。 She lists the many ways our economies are broken today, and advocates that we need to restructure governments around more mission-oriented thinking。 The prime example of a big mission-oriented government-led success is the decade-long quest to reach the moon。 Despite being expensive, the quest united the people and fed many technological innovative offspring projects that brought back the original investments and more。 What differentiates the race to the moon with today's very long list of goals (fighting climate change, fighting inequality, end poverty。。。) is that the moon was an easy problem only requiring a technological solution。 Today's goals (see UN Sustainable Development Goals) are 'wicked', they involve everyone on earth, are controlled by a complex network of organizations, and potentially even have parties and forces directly opposing those goals。 Which scares me。 But apparently not Mariana Mazzucato。 Hence the beginning of my review。 。。。more

Robert Bresnahan

A blueprint for a sustainable future worth striving for。Mazzucato courageously outlines what we must do to make a society worth living in。 She draws on our successes in the New Deal era and the Kennedy moon shot to show how government is essential to overcome the monumental problems we face, most of which are of our own making。 A truly inspiring book。 Thank you Marianna!

Miguel

Mazzucato lays out a very strong thesis which is a continuation of her earlier work in arguing for stronger centralized objectives, “using the idea of public purpose to guide policy and business activity”。 She centers this around the events of the moon shot which is of course a prime example of a success story。 Along the way she shows how government often offloads work to consultants and sub-contractors and that this is actually much more expensive and wasteful。 This is all a lot of preaching to Mazzucato lays out a very strong thesis which is a continuation of her earlier work in arguing for stronger centralized objectives, “using the idea of public purpose to guide policy and business activity”。 She centers this around the events of the moon shot which is of course a prime example of a success story。 Along the way she shows how government often offloads work to consultants and sub-contractors and that this is actually much more expensive and wasteful。 This is all a lot of preaching to the choir。 My only criticism is that it does read a bit too much like a business case study sapping it of some of the vitality and relatability it might have otherwise have delivered。 。。。more

Giles

Might need a second read。 Sometimes inspiring, sometimes management speak。 Maybe I’m too stupid。。

Pete Walton

Thought provoking with well articulated arguments for reshaping government involvement when it comes to innovation。 I found the book to very data focused and example heavy in its recommendations, which challenged many of my current beliefs。 I'm not convinced of the entire vision, but many of the idea are practical and detailed enough to make sense。 Thought provoking with well articulated arguments for reshaping government involvement when it comes to innovation。 I found the book to very data focused and example heavy in its recommendations, which challenged many of my current beliefs。 I'm not convinced of the entire vision, but many of the idea are practical and detailed enough to make sense。 。。。more

Istók Róbert

As a millennial, who did not witness the innovative power of governments, this book was a refreshing view that the public sector is responsible for some of the biggest inventions that we take for granted。 But nowadays it feels the opposite, and that is one reason why people are losing trust in governments all around the world。 The question is if they are able to return to their former strengths?

Nick Lucarelli

More of an orbit around the stratosphere than a flight to the moon。 Starts off with a weird pro-socialist/Marxist dig at modern day capitalism that has elements of truth。 She paints the government as an unheralded innovator that doesn't benefit from its successes in private investment (eg Tesla) but is left to bail out its failures; the private industry as exploiting workers by paying each other and not their workers (a masked argument for paying workers in shares); and civil servants as being u More of an orbit around the stratosphere than a flight to the moon。 Starts off with a weird pro-socialist/Marxist dig at modern day capitalism that has elements of truth。 She paints the government as an unheralded innovator that doesn't benefit from its successes in private investment (eg Tesla) but is left to bail out its failures; the private industry as exploiting workers by paying each other and not their workers (a masked argument for paying workers in shares); and civil servants as being unfairly constrained to perform a job rather than innovate and take risks like their private counterparts。 However, her arguments don't jibe with the rest of her thesis and sit out of place in this otherwise well structured book。Mazzucato has a fascination with the wartime space-race mentality that engulfed America in the 60s and argues that this is how we should approach and tackle modern day problems: allowing government agencies to enlist private companies across multiple domains to achieve a common goal, and reap the rewards (incidental and planned) together。 Perhaps she has only spent time in America and England and been scarred by the over-privitisation of government, as this is essentially the Australian model of working。 Her denigration of consulting firms as bloated fat cats that take away from the development of civil organisational memory is also hypocritical as she names several consulting/advisory boards she has proudly been a part of。 She is also a subscriber to Stephanie Kelton's MMT as a way to pay for the substantial costs / blowouts involved in these wartime missions, which for me is an acknowledgement that this is not a feasible solution to big government in the long term。 I do agree however that governments need to play a bigger role in setting a level playing field, directing the market via incentives towards common goals, and stepping in where those incentives are not strong enough (eg supplying public goods)。 However, her vision of the government as a nimble, entrepreneurial, risk-on, cash-splashing, visionary jack of all trades is idealistic at best and fanciful at worst, even if her thesis that the public and private sectors can learn from each other holds merit。 。。。more

Rimas

Gal tu esi politologijos studentas arba kairiosios partijos atstovas ir laisvalaikiu nori prasiblaškyti su leftistine alarmistine knyga rankose apie kapitalizmo blogį bei skriaudą piliečiui?Gal manai, kad kapitalizmas supuvo ir santykiai tarp vyriausybių ir korporacijų išsigimė iki tragedijos lygio; gal tau įdomūs keli mitai apie valstybės ir verslo tarpusavio santykius; gal nori krūvos pavyzdžių kaip akyse žlunga Didžioji Britanija ir JAV perduodama valstybinių paslaugų valdymą privatininkams; Gal tu esi politologijos studentas arba kairiosios partijos atstovas ir laisvalaikiu nori prasiblaškyti su leftistine alarmistine knyga rankose apie kapitalizmo blogį bei skriaudą piliečiui?Gal manai, kad kapitalizmas supuvo ir santykiai tarp vyriausybių ir korporacijų išsigimė iki tragedijos lygio; gal tau įdomūs keli mitai apie valstybės ir verslo tarpusavio santykius; gal nori krūvos pavyzdžių kaip akyse žlunga Didžioji Britanija ir JAV perduodama valstybinių paslaugų valdymą privatininkams; gal atrodo, kad nesunaikinus dabartinės sistemos mes visi pasmerkti nagų plėšymuisi iki paskutinio kraujo lašo? Ne? Man irgi ne。 Tokiu atveju reikia sukandus dantis atkentėt dalį knygos。 Bet svarbiausia yra ne kaip, o ką dėsto Mariana Mazzucato。 Ji sako, kad neužtenka mažų žingsnelių didelėms problemoms išspręsti ir siūlo tvarkyti kapitalizmą panašiais metodais kaip Amerika organizavo Apollo programą - misijomis。 Misijų iniciatyvos turi imtis valstybės。 Ir valstybės neturi likti pasyviomis stebėtojomis, įsikišančiomis tik kai išsitaško fekalijos。 Vyriausybės, pasak Mazzucato, turi aktyviai kurti ir formuoti misijų rinkas, o jose užtikrinti sąlygas verslų, visuomenės ir valstybės bendradarbiavimui。 Toks bendradarbiavimas privalo ne vien tik tenkinti trumpalaikius verslų finansinius tikslus, bet ir būti naudingas visuomenei。 Mazzucato argumentuoja kodėl taip nėra dabar ir duoda pavyzdžių iš naujausių Europos Komisijos programų kaip viskas turėtų atrodyti idealiu atveju (autorė pati prisidėjo prie EK programų kūrimo)。 Vertinu maksimumu, nes kuo daugiau žmonių pradės keisti mąstymą iš “bet ar gi tai apsimoka?” į “mes norime tai pasiekti”, tuo geriau bus visiems。 。。。more

Janna

I’m a fan of the Sway podcast from the New York Times, so when I heard host Kara Swisher recently introduce Mariana Mazzucato as the economist that the pope, Bill Gates, and AOC turn to these days for advice on how to reimagine a more equitable capitalist society, I was intrigued。 I focused intently on their conversation, which sounded like a radical departure from economic norms。 For me, the most important message of this book is that government has and continues to be our best solution to the I’m a fan of the Sway podcast from the New York Times, so when I heard host Kara Swisher recently introduce Mariana Mazzucato as the economist that the pope, Bill Gates, and AOC turn to these days for advice on how to reimagine a more equitable capitalist society, I was intrigued。 I focused intently on their conversation, which sounded like a radical departure from economic norms。 For me, the most important message of this book is that government has and continues to be our best solution to the limits of the market。 Listen to my complete review on Audiobook Reviews in Five Minutes:https://podcast。jannastam。com/episode。。。Rate, review, and subscribe to this podcast on Apple, Anchor, Breaker, Google, Overcast, Pocket Casts, RadioPublic, and Spotify 。。。more

Zoltan Pogatsa

If you have read Mazzucato's previous books, there is not that much new in this one。 She basically argues for active state industrial policy and leadership, but her previous books do this better。 She takes the example of the US space programme - hence the title。 But she seems to suggest that what is missing is good policy。 Which is so nineties。 Sooner or later she will have to come to terms with the fact that the denial of an active state is a matter of political economy, not missing policy。 If you have read Mazzucato's previous books, there is not that much new in this one。 She basically argues for active state industrial policy and leadership, but her previous books do this better。 She takes the example of the US space programme - hence the title。 But she seems to suggest that what is missing is good policy。 Which is so nineties。 Sooner or later she will have to come to terms with the fact that the denial of an active state is a matter of political economy, not missing policy。 。。。more

Gregory

Spot-on critique of hunger games capitalism, lack of systems-level public policy, and attendant economic development/tax regimes。 However, Mazzucato’s solutions ignore the many failures of 20th century industrial policy, and presume the existence of the political realignment necessary to support such a societal reboot。 It’s telling that the author’s foundational example is a Cold War response to Soviet manned space flight。 To align US society to support a modern day equivalent, you’d need an exi Spot-on critique of hunger games capitalism, lack of systems-level public policy, and attendant economic development/tax regimes。 However, Mazzucato’s solutions ignore the many failures of 20th century industrial policy, and presume the existence of the political realignment necessary to support such a societal reboot。 It’s telling that the author’s foundational example is a Cold War response to Soviet manned space flight。 To align US society to support a modern day equivalent, you’d need an existential crisis and a motivated population with real electoral access。。。。 。。。more

John

A continuation of Mazzucato’s thesis that government should be framed as an active co-creator and stakeholder in projects that should be considered on a portfolio basis - with the consequent overall risks and rewards。 This book is perhaps a more refined version of that thesis。The charismatic Director of University College London’s Institute for Innovation and Public Purpose, Mazzucato has spoken frequently on the subject, particularly accessibly on Zoom in this pandemic。 Much of what you may hav A continuation of Mazzucato’s thesis that government should be framed as an active co-creator and stakeholder in projects that should be considered on a portfolio basis - with the consequent overall risks and rewards。 This book is perhaps a more refined version of that thesis。The charismatic Director of University College London’s Institute for Innovation and Public Purpose, Mazzucato has spoken frequently on the subject, particularly accessibly on Zoom in this pandemic。 Much of what you may have heard or read before is re-stated and expanded upon here, against the backdrop of the context of NASA’s 1960’s moon mission。Mazzucato’s overall mission (along with other economists, several in the public sphere) is to change capitalism - a very big task indeed - nothing less than the re-making of society。 This book provides part of the puzzle to how that might be accomplished, and is complimented by the work of those other economists, some of whom she namechecks。Though touched upon, the book is missing in-depth answers to the ‘mission’ approach’s key weaknesses:1。 If government is central to the process of executing long term missions, how does one manage the extreme short-termism of democracy’s 4/5-year political cycles and its ‘permanent campaigns’ - perhaps through private contracts, or the terms of development bank loans that transcend the cycle? Do we actually need a different kind of democracy?2。 Her argument against the ‘Whitey On The Moon’ critique (man on the moon while racism, inequality and suffering on earth) is that this elite mission had by-products that benefited those ‘left behind’, and oh, there were some smart black ladies working on mission calculations。 This thinking puts the book/thesis on a slippery slope to ‘trickle down’ justifications - and we know how that has gone for the economy at large。 3。 Mission thinking assumes goodwill from government。 While I am sure this exists in abundance in the civil service, it certainly has not been shown by leadership in contemporary times。 Much more likely to encounter extremes of greed, paranoia and narcissism - driven by the context of the electoral cycle and the type of leadership personalities it rewards。 What motivations will drive these missions? Expect spin doctors to either wrap up narrow goals in ‘mission’ clothing or insert questionable elements into seemingly sound missions。 Brexit was a mission。 Mission accomplished!Mission Economy comes across as a clarion call primarily to leadership in EU countries, but eventually also to American。 Expect Mazzucato to play a role in a future Ocasio administration。 。。。more

Lauryl

4。5 ⭐️ Loved the concepts in this book and hope more of these policies are adopted in the US and elsewhere。 Mission-based innovation makes so much sense。 Only issue is the charts in this book are tough via audiobook。

Robert D

What a timely book! We are certainly at an inflexan point as we come out of the pandemic and begin to rebuild our infrastructure。 If the President could sell the process as a mission, I think it would be much more sellable。 Mariana Mazzucato book presents many ways that could be used to produce an economy that works for a much greater share of the population, working to improve public investment to work for all to improve our way of life。 I will return to rewrite this a little later as it dos no What a timely book! We are certainly at an inflexan point as we come out of the pandemic and begin to rebuild our infrastructure。 If the President could sell the process as a mission, I think it would be much more sellable。 Mariana Mazzucato book presents many ways that could be used to produce an economy that works for a much greater share of the population, working to improve public investment to work for all to improve our way of life。 I will return to rewrite this a little later as it dos not reflect how amazingly good the book is。 。。。more

Sebastian Gebski

This book is mainly about how governments can cooperate in modern business to evolve capitalism for everyone's benefit。 'Cooperate', not 'support' as Mazzucato claims that govt role is not just to eliminate the obstacles, but also possibly to add value。Apart from the theory itself, it's not a very good book - when it comes to the author's writing skills。 Even if I was honestly interested in the topic and picked the book voluntarily I struggled to keep myself engaged as the book felt monotonous a This book is mainly about how governments can cooperate in modern business to evolve capitalism for everyone's benefit。 'Cooperate', not 'support' as Mazzucato claims that govt role is not just to eliminate the obstacles, but also possibly to add value。Apart from the theory itself, it's not a very good book - when it comes to the author's writing skills。 Even if I was honestly interested in the topic and picked the book voluntarily I struggled to keep myself engaged as the book felt monotonous and done poorly when it comes to exciting the leader。Don't get me wrong - it doesn't mean that it's all theory or concepts w/o any examples to back them up。 There are examples, e。g。 the author frequently refers to NASA's coop with private companies or ARPA's role in global innovation。 But the execution is really lacking。When it comes to the key concept (effectiveness of being mission-driven and preferring moonshots over evolution for govt-driven programs) - it's interesting enough to read through, I encourage you to do so and make your own mind。 There are some things I totally do not agree with (e。g。 reasons why we were able to send people into space while we fail to solve general social problems), but again - I value the author's opinion and I think it's worth of your time to get familiar with it。 。。。more

Hans Peter

Very inspirational Well written and with a logic disposition the author explains her ideas in plain language。 Given the challenges the free world are facing I believe her ideas have merit。

Lisa Wright

Can capitalism be saved? Mazzucato makes the case that it can, indeed, be saved, fixed, transformed into something that serves all of us。 Using the Apollo moonshot as an example, she shows how what is needed is a mission and a will。 And as with Apollo, a well-defined mission will inevitably lead to innovation and invention。 Extremely readable。 I loved it。

Giuseppe Peressotti

Interesting read, good point of view and accessible wording。 In my humble opinion, though, very repetitive on many of the key points, which nitpick examples without addressing the underlying problems & real challenges of a "mission based collaboration between private and public" (which is still a possible and valuable suggestion from the author nonetheless)。 Interesting read, good point of view and accessible wording。 In my humble opinion, though, very repetitive on many of the key points, which nitpick examples without addressing the underlying problems & real challenges of a "mission based collaboration between private and public" (which is still a possible and valuable suggestion from the author nonetheless)。 。。。more

Hanie Noor

Mission Economyby Mariana Mazzucato
___Behind the scene of space exploration✔️ Rethinking economic theories & myth✔️ SDGs, aligning ambitious visions with bold possible solutions✔️Moonshot;▪️a giant leap (describing huge effort and lofty goal)▪️an act of launching spacecraft to the moonIs capitalism broken?Varoufakis et al。, (2020) did mention that capitalism is ending because it’s obsolete。 Disadvantages resurfaced more often than merit & capital is being socially produced while the returns are Mission Economyby Mariana Mazzucato
___Behind the scene of space exploration✔️ Rethinking economic theories & myth✔️ SDGs, aligning ambitious visions with bold possible solutions✔️Moonshot;▪️a giant leap (describing huge effort and lofty goal)▪️an act of launching spacecraft to the moonIs capitalism broken?Varoufakis et al。, (2020) did mention that capitalism is ending because it’s obsolete。 Disadvantages resurfaced more often than merit & capital is being socially produced while the returns are being privatised —take Tesla for example。Unlike neoclassical economics that focuses on profit maximisation, many (people, firms, etc) started to turn to sustainable, impactful, & responsible finance。 Thoughts: Islamic economics aim to balance between capitalistic and socialistic instead。 In the end, no one would want to live in ruin where the earth is dying & social problems affects quality of life no matter how lavish it get。 Economics isn’t all about money, in layman’s term I’d say it’s like parents managing the house for family needs & survival (but make it macro)。 It’s about system & those with authority should utilise it。Fascinating insights about rethinking gov capacity & role in recovering sense of public purpose。 Urge mission-based approach in creating solutions-based economy focusing on impactful goals on social, environmental, digital divide to name a few —not to be treated as an isolated project but to transform gov functions & strengthen the system by adapting concept of “moonshot” that has initiated tech innovations & open doors to many other things across different sectors。 Without space travel, we won’t have sport shoes, freeze-dried food, portable computer (computer was a size of a closet), & etc。Opened my eyes & brings me to 1960s (and back) where it shows how US go big & made it。 Being the realist I am, it’s a tough sell & I was thinking about risk management that leads me to social engineering (not specifically mentioned), scenario planning, and a lot of second guessing throughout the book。 It isn’t what I expected but there’s so much more to be said about this amazing writing。 Not perfect but WORTH the read and enjoyable。🌟4。2/5 。。。more

Jorge Maldonado

Mission to bring a new economyA roadmap to how to achieve the SDG and bring about long lasting change in the economy that brings new opportunities to all walks of life。 A sight for sore eyes in these times of pandemic。

David Snower

This review has been hidden because it contains spoilers。 To view it, click here。 In Mission Economy, Mazzucato attempts to reintroduce a forgotten idea which has driven the greatest leaps in economic growth in the US since Hamilton, namely that the government needs a strong industrial policy to create new markets and drive innovation。 Her argument is that since Reagan, government has done too little, too late, and is therefore always reacting and making repairs around the edges instead of consciously shaping our economy to reach the best outcomes。The first fundamental myth t In Mission Economy, Mazzucato attempts to reintroduce a forgotten idea which has driven the greatest leaps in economic growth in the US since Hamilton, namely that the government needs a strong industrial policy to create new markets and drive innovation。 Her argument is that since Reagan, government has done too little, too late, and is therefore always reacting and making repairs around the edges instead of consciously shaping our economy to reach the best outcomes。The first fundamental myth that she wishes to debunk is that the private sector seeks risk and makes huge innovations, and that government is slow and stodgy。 In truth, it is the government that typically takes risks developing and funding the early stages of high-risk technologies and is able to fund projects which the private sector is adverse to。 Indeed, the private sector is typically imitative instead of innovative, and lacks the guiding mission necessary to boost productivity。 Keep in mind that GPS was developed by the Navy, Siri was developed by DARPA, touch screen display was developed by the CIA, and the internet was also essentially an out-product of DARPA。 Further, most medicines owe their existence to the NIH and publicly-funded universities, and renewable energy owes most of its early development to nationalized European banks。 Samsung would not be a player at all today if Korea’s government hadn’t seized upon semiconductor technology in the 70’s。 Even companies which seem to be paragons of free-market entrepreneurship owe a lot of their existence to government R&D and contracts。 Tesla, for example, received hundreds of millions from the government during its early development in 2009, and Musk has since received 4。9+ Billion of public funding。 We currently have a system where risks and losses are public, and gains and fame are private。 A lesson here is that large-scale public projects often pay off massively。 To build the US interstate highway system cost less than half the money (in today’s dollars) than was spent on stimulus checks in the ARP—think about how much highways changed our country economically, culturally, etc。。。 The Apollo mission gave us massive leaps forward in a brand new technology called “integrated circuits” otherwise known as “silicon chips” and used them to develop computers that were basically as small and powerful as the Commodore PET and Apple II。 The Apollo mission led to the computer mouse, wireless headphones, and the type of home installation most often used today。 This project (which cost around 250 billion in today’s dollars—way smaller than the ARP) completely revolutionized the economy。 And keep in mind that every dollar the government spends on climate change mitigation will likely save $7, every $1 spend on education contributes $4 to the economy, and for every $1 spent on projects like the Human Genome Project, the economy has received a $144 dollar return。 And really the gov is the only player even today that can drive these huge leaps forward。 She gives two main reasons why the private sector is not innovating and growing in the way it should: 1。 The financial sector is mostly financing itself and not productive uses。 In the US only about a fifth of finance goes into the productive economy and the rest goes to finance, insurance, and real estate。 60% of bank lending is going to buying real estate。 2。 An ever greater share of corporate profits has been used to boost short-term gains in stock prices rather than R&D and long term investment。 In the past ten years stock buybacks by the Fortune 500 exceeded $4 trillion。 6 of America’s 10 biggest airlines are spending 96% of their free cash flow on stock buybacks。 Other tactics to maximize shareholder value at all costs have caused companies to become loaded with debt and vulnerable to unexpected crises/downturns。 Mazzucato for Secretary of Commerce! 。。。more