Mariana Mazzucato Thinks We Need More Moonshots | Odd Lots
Original Report
Today's guest Mariana Mazzucato is one of our most requested. Mazzucato, who is the director of the UCL Institute for Innovation and Public Purpose, specializes in the political economy of...
Today's guest Mariana Mazzucato is one of our most requested. Mazzucato, who is the director of the UCL Institute for Innovation and Public Purpose, specializes in the political economy of technological development and public sector investment. In our conversation, recorded in Madrid while we are at the Bloomberg CityLab conference, she explains her concept of the "mission economy," her definition of state capacity, how to prevent top talent from fleeing to the private sector, and whether consultants or governments should be blamed for inefficiencies and civic failures. It's a wide-ranging interview, one that covers everything from the initial public financing of Silicon Valley algorithms to the history of moonshots. (Source: Bloomberg)
Glass House Analysis
This story reflects the interconnected nature of modern economic systems, where developments in one sector inevitably affect others. Understanding these connections is essential for grasping how policy decisions and market movements translate into real-world outcomes for families, workers, and communities. The economy is not an abstract system of numbers—it's the sum total of decisions about who works, who prospers, and who struggles.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
This top-rated savings account is offering a 4.21% APY on balances up to $249,000
We analyzed “best savings account” reviews from 8 financial sites to bring you the most-recommended savings accounts this month
My mother regrets paying Social Security. She says she should have invested her contributions. I disagree. Who’s right?
“There’s no way my dad and my mom paid enough into Medicare to cover my dad’s six months in long-term critical care.”
Sony targets double-digit profit growth despite slowdown in PlayStation 5 sales amid memory price crunch
While hardware sales took a hit in Sony's fourth-quarter, strong revenue from its image sensing and music businesses offset the dip.
CoreWeave stock sinks 10% on weak revenue guidance, increased spending forecast
CoreWeave has been raising debt to finance its data center buildout, and S&P has boosted the company's credit rating.