![]() ![]() ![]() From companies driven solely to maximize shareholder value to astronomically high prices of medicines justified through big pharma's 'value pricing', we misidentify taking with making, and have lost sight of what value really means. In modern capitalism, value-extraction is rewarded more highly than value-creation: the productive process that drives a healthy economy and society. Taking her inspiration from the 'moonshot' programmes which successfully co-ordinated public and private sectors on a massive scale, Mariana Mazzucato calls for the same level of boldness and experimentation to be applied to the biggest problems of our time. It had no answers to a host of problems, including disease, inequality, the digital divide and, perhaps most blatantly, the environmental crisis. Even before the Covid-19 pandemic in 2020, capitalism was stuck. ![]()
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