Why doesn’t the government just get out of the way and let the private sector -- the “real revolutionaries” -- innovate? It’s rhetoric you hear everywhere, and Institute for New Economic Thinking grantee Mariana Mazzucato wants to dispel it. In this TED talk, she shows how the state -- which many see as a slow, hunkering behemoth -- is really one of our most exciting risk-takers and market-shapers.
Which actor in the economy is most responsible for making radical innovation happen? Mariana Mazzucato comes up with a surprising answer: the state.