Fixing markets isn't enough. We have to actively shape and create them and tilt the playing field in the direction of the growth we want.

If we look at Germany's infrastructure policy, it has been driven by its mission-oriented focus on green infrastructure. This affects both innovation and infrastructure, old industries and new. The German steel industry, for example, has adapted to the policy by lowering its material content through a 'repurpose, reuse and recycle' strategy.

The actual division of labor must be reflected in the division of the rewards (and prices, which is the way the consumer gets rewarded).

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.

Germany is using its Energiewende policy as a way of envisioning a green transformation and innovation across many sectors.

Rethinking capitalism means rethinking the role of the public sector, the role of the private sector, the role of finance, and the relationship between them all.

Fixing markets isn't enough. We have to actively shape and create them and tilt the playing field in the direction of the growth we want.