Mariana Mazzucato: Government Risk and Private Sector Reward

The video discusses the economics of innovation, focusing on the role of the state in fostering innovation. It challenges the perception that innovation is solely a product of the free market, highlighting the state's role in shaping and creating markets. The discussion covers the socialization of risks and rewards, the link between innovation and inequality, and the impact of state funding on global competition. The video emphasizes the need for the state to recoup rewards from successful innovations to fund future investments.

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