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How to finance the needs of the common good
Oped, Mariana Mazzucato, Published on 05/05/2023
» The Internationa Monetary Fund (IMPF) and the World Bank recently held their annual spring meetings, which, according to the organisers, produced a "strong message of confidence and a willingness to cooperate". But lofty rhetoric and good intentions will not be enough to create a truly inclusive and sustainable economy fit for the 21st century. For that, deep structural change is needed.
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Entrepreneurial state must lead on climate woes
Oped, Mariana Mazzucato, Published on 08/11/2022
» In recent weeks, several members of the Glasgow Financial Alliance on Net Zero -- a group of 450 financial institutions -- have quit over concerns about the cost of delivering on their climate commitments. In dropping out, they have given the lie to the notion that private financial institutions can lead the transition to a carbon-neutral economy. What the transition really needs is more ambitious states that will go beyond market-fixing to become market shapers.
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