by Mariana Mazzucato (IIPP, UCL)
The false dichotomy between "the public sector" and "the private sector" leaves out the vital role that government has played - and must continue to play - in acting as financial backer and risk-taker in the most important innovations of our time that can help tackle the grand challenges facing us. Furthermore the lie ends up causing a situation by which risks are socialised while returns are privatised.
Find more information at: https://www.ucl.ac.uk/institute-of-advanced-studies/events/2018/jul/myths-around-public-sector-and-whose-interests-are-served-underlying-lies
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