Sussex economics professor
Mariana Mazzucato, a professor of economics at SPRU at the University of Sussex, wrote 'The Entrepreneurial State: Debunking Public vs Private Sector Myths'.
In recent weeks, several members of the Glasgow Financial Alliance on Net Zero -- a group of 450 financial institutions -- have quit over concerns about the cost of delivering on their climate commitments. In dropping out, they have given the lie to the notion that private financial institutions can lead the transition to a carbon-neutral economy. What the transition really needs is more ambitious states that will go beyond market-fixing to become market shapers.
The pandemic is not over. While the summer of this year is very different from the summer of 2020, because we now have vaccines, treatments, and a better understanding of the virus, it's not enough. Every week, 15,000 people still die from Covid-19. Poorer countries still struggle to deploy vaccines, tests, diagnostics and other tools. And countries at all income levels remain woefully unprepared for the next pandemic, even though experts warn that its arrival is a matter of "when", not "if".
Care is the life-giving force that sustains health and well-being, binding together societies and ecologies. But everyday forms of care, though essential, are systematically undervalued. Most care is provided by women, whose contributions are celebrated on International Women's Day, even though they should be marked every day of the year.
Seven economists (including Joseph Stiglitz, Thomas Piketty, and me) have agreed to become economic advisers to Jeremy Corbyn, the new leader of the British Labour Party. I hope we will have a shared goal to help Labour shape an economic policy that is investment-led, inclusive and sustainable. We will bring different ideas to the table, but these are my thoughts on the kind of progressive agenda the United Kingdom -- and the rest of the world -- now needs.