Mission Economy: A Moonshot Guide to Changing Capitalism | Mariana Mazzucato

In Episode 185 of Hidden Forces, Demetri Kofinas speaks with Mariana Mazzucato, a Professor in the Economics of Innovation and Public Value at University College London (UCL), where she is Founding Director of the UCL Institute for Innovation & Public Purpose (IIPP). She is the winner of numerous, prestigious international prizes including the 2020 John von Neumann Award, Chairs the World Health Organization's Council on “the Economics of Health for All,” and is also the author of three highly-acclaimed books, the latest of which is “Mission Economy: a Moonshot Guide to Changing Capitalism.” 

In it, Mariana argues that if we want to meet the principal challenges facing us in the 21st century, we need to rethink the capacities and role of government and above all recover a sense of public purpose. We need to be innovative, collaborative, and mission-oriented in our thinking, while also taking a stakeholder view of public-private partnerships, which means that when we take risks together that we also share in the rewards that derive from those risks.  

The purpose of today’s conversation is to help you think bigger about how we as a community of citizens and nations can mobilize our resources in a way that is bold, inspirational, and oriented towards solving the most ‘wicked’ social problems of our time. This means changing government tools and culture, creating new markers of corporate governance, and ensuring that corporations, society, and the government can coalesce around a common set of goals, ambitions, and objectives.  

In the subscriber overtime, Mariana and Demetri discuss how the politics of divisiveness impact our ability to work towards shared outcomes, why Western society seems to have become more individualistic, and what we can do to shift our cultural awareness towards a more collaborative mind-set when it comes to value creation in both the public and private sectors.

You can access the episode overtime, as well as the transcript and rundown to this week’s episode through the Hidden Forces Patreon Page. All subscribers gain access to our overtime feed, which can be easily added to your favorite podcast application.

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Producer & Host: Demetri Kofinas

Editor & Engineer: Stylianos Nicolaou

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Episode Recorded on 03/22/2021