While infrastructure is of course important, it must be part of a bigger vision. The point is not to simply dig ditches but to steer those investments towards transformational growth.
Mariana MazzucatoMarkets are not static entities that are 'intervened' in (for good or bad) but are outcomes of public and private interactions.
Mariana MazzucatoI often use the iPhone as an example of how governments shape markets, because what makes the iPhone โsmartโ and not stupid is what you can do with it. And yes, everything you can do with an iPhone was government-funded. From the Internet that allows you to surf the Web, to GPS that lets you use Google Maps, to touch screen display and even the SIRI voice activated system - all of these things were funded by Uncle Sam through the Defense Advanced Research Projects Agency (DARPA), NASA, the Navy, and even the CIA!
Mariana Mazzucato