![]() It’s no wonder that the book has provided a rallying point for many, and not just on the left.īut for all the importance of its headline message, when one looks into Mazzucato’s arguments in more detail, they seem more problematic.Ĭonsider first of all the central problem that the book identifies: the idea that the public sector takes most of the risks in the modern innovation process, but gets little of the reward. This is a timely and important argument, especially today when small-government Republicans control the US Congress, when British policymakers are tacking right to counter UKIP, and when some of the most prominent voices in Silicon Valley have little time for government. The book has convinced readers from Martin Wolf to David Willetts to Liam Byrne with its argument that the government has been wrongly written out of the story of how innovation happens.īy reminding us that public money paid for the research behind the internet, the Web, GPS, fracking and algorithmic search, Mazzucato takes on the libertarian line that the government should “just get out of the way” when it comes to innovation. ![]()
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