Government partnership with big business created the internet and cell phones - an economist says it can deliver a new generation of innovations, too

Government partnership with big business created the internet and cell phones - an economist says it can deliver a new generation of innovations, too
insider@insider.com (Paul Constant)
© Getty Images
Getty Images
Paul Constant is a writer at Civic Ventures and cohost of the "Pitchfork Economics" podcast with Nick Hanauer and David Goldstein.
In the latest episode, they spoke with economist Mariana Mazzucato on government's role in the economy.
Mazzucato says collaboration between government and corporations can boost economic "outcomes as opposed to just output."
When you trim away all the complications and high-minded theories, the single mission statement of an economy under capitalism is to grow. We say an economy is healthy when it's adding jobs, productivity, and profits, and we say an economy is sick when it's contracting, losing jobs, and failing to hit profitability markers.

Related Keywords

United States , America , American , David Goldstein , Mariana Mazzucato , Nick Hanauer , Defense Advanced Research Projects Agency , Honeywell , Motorola , Mission Economy , Getty Images , Civic Ventures , Moonshot Guide , Changing Capitalism , General Electric , ஒன்றுபட்டது மாநிலங்களில் , அமெரிக்கா , அமெரிக்கன் , டேவிட் கோல்ட்ஸ்டைன் , நிக் ஹனௌஊேர் , ஹனிவெல் , மோட்டோரோலா , பணி பொருளாதாரம் , கெட்டி படங்கள் , குடிமை முயற்சிகள் , மூன்ஷாட் வழிகாட்டி , மாறுகிறது முதலாளித்துவம் , ஜநரல் மின்சார ,