It's important that public funds be spent in research directions that are pushing market frontiers rather than working in existing areas. This means funding research not only on drugs but also on areas like life-style changes, even if the profit potential is lower for Big Pharma as you cannot sell that change as you can sell a medicine.
Mariana MazzucatoGovernment support is not only investing in upstream areas like basic research, but also in downstream areas like applied research and early-stage financing for the companies themselves. This means there are great risks.
Mariana MazzucatoThe actual division of labor must be reflected in the division of the rewards (and prices, which is the way the consumer gets rewarded).
Mariana MazzucatoPeople work hard and companies make big profits, but employees don't see that they share in the wealth they help to create.
Mariana Mazzucato