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Mission economy mazzucato5/28/2023 Mazzucato aims to infuse capitalism with public interest rather than private gain. By focusing on the immense power of governments to shape markets, she argues that capitalism itself can be remade. The case for a new approach is overwhelming and Mariana Mazzucato’s project is ambitious. Mission Economy offers a path to rejuvenate the state and thereby mend capitalism, rather than end it. But contrasting international experiences reveal otherwise: the correct response to the pandemic is to demand better government, not less. Free marketers argue that these problems are inherent to the state. But therein lies what might seem to be a paradox: just as we have needed a strong, capable government, those in power have been exposed as clueless and incompetent. It has also demonstrated the power and importance of the state in a crisis. The bungled response of the government to the pandemic – from the failure to enforce lockdown early enough to the test and trace debacle – has exposed the depth of the rot.
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