No More Free-Lunch Bailouts — Mariana Mazzucato

Summary:
With governments spending on a massive scale to save industries and mitigate the economic fallout from COVID-19, they should be positioning their economies for a more sustainable future. Fortunately, far from remaining taboo, using state aid to change private-sector behavior has become common sense. Managed capitalism for public purpose versus neoliberalism as government favoring capital accumulation and preservation for unlimited growth and expecting "trickle down."Project SyndicateNo More Free-Lunch Bailouts Mariana Mazzucato | RM Phillips chair in the Economics of Innovation at SPRU in the University of Sussex

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