The Big Failure of Small Government — MARIANA MAZZUCATO , GIULIO QUAGGIOTTO

Summary:
It is no coincidence that countries with mission-driven governments have fared better in the COVID-19 crisis than have countries beholden to the cult of efficiency. Effective governance, it turns out, cannot be conjured up at will, because it requires investment in state capacity.... Project SyndicateThe Big Failure of Small Government Mariana Mazzucato, Professor of Economics of Innovation and Public Value and Director of the UCL Institute for Innovation and Public Purpose, and Giulio Quaggiotto, Head of the Regional Innovation Center in the Asia Pacific at the United Nations Development Programme.See also “State capacity and a collective culture are the two uniquely strong characteristics of China’s political system and social construct that will ultimately enable the country to

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