This economist believes the system is broken. Maybe she has a point
Mazzucato is better at critiquing current economies than describing a plausible path to better ones.
Economist Mariana Mazzucato argues that governments and private sectors must work together to create a more equitable system. In her new book, Common Good Economy, she proposes a framework for shaping how markets are governed and emphasizes the importance of shared public spaces, co-creation, collective learning, reward-sharing, and transparency and accountability.
Mazzucato is critical of the current economic system, which often socializes risks while privatizing profits. She believes that more of these profits should be shared with the public through taxes, equity stakes, or a combination of both. Examples from around the world, such as Norway's sovereign wealth fund and Camden's Community Wealth Fund, are provided to illustrate her ideas in action.
Mazzucato has also worked with the Australian Treasurer Jim Chalmers on implementing her ideas, which reflects her influence in the field of economics.
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