The Crisis of Modern Day Capitalism, with Mariana Mazzucato
Leaders with Francine Lacqua
Bloomberg
4.6 • 64 Ratings
🗓️ 7 September 2023
⏱️ 23 minutes
🧾️ Download transcript
Summary
Capitalism as we know it isn’t really working, according to economist and author Mariana Mazzucato. Take the current concrete crisis across UK schools. For Mazzucato, that’s a case of too little being spent on the school buildings themselves. But there’s another problem: lax regulation. If we continue to weaken the rules in the name of a stronger economy, she says, we risk tragedy.
Mazzucato, a professor in the economics of innovation and public value at University College London, joins this week’s episode of In the City to discuss the re-release of her book, The Entrepreneurial State: Debunking Public vs. Private Sector Myths. The book has been credited with provoking widespread debate about the role of government in innovation.
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Transcript
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| 0:54.9 | now on Apple, Spotify or anywhere you listen. Hi, Francine. So it's back to school, right? |
| 1:01.7 | It is, but everyone's worried about concrete falling on their heads in the UK. I know. I mean, |
| 1:06.2 | my kids' schools are still open, thankfully, but I mean, it just feels a little bit more like |
| 1:10.1 | Broken Britain, right? Like crumbling schools, crumbling infrastructure. Yeah, but I mean, it just feels a little bit more like Broken Britain, |
| 1:15.4 | right? Like crumbling schools, crumbling infrastructure? Yeah, and I have to say the Prime Minister is coming under real fire of funding and why they hadn't seen this before |
| 1:19.5 | and whether they just spent enough money in trying to renovate these schools. |
| 1:23.6 | So the government's come under fire, but of course the question of investment in infrastructure |
| 1:27.7 | is one that's run for decades. Is it this government's fault or previous administrations? |
| 1:34.5 | You know, who's ready to blame? Yeah, David, or is it just governments in general on the way |
| 1:38.2 | they work? I'm Francine Lacqua. And I'm David Merritt. Welcome to In the City, Bloomberg's podcast, connecting you to |
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