‘Make people dream’: how to build an economy for the common good

Economist Mariana Mazzucato stated that governments must regain their confidence and belief in their ability to effect global change, emphasizing that good governments possess a clear vision, articulate their objectives, and publicly outline their strategies for achievement. She argued that these governments do not merely promote economic growth but define its purpose, recognizing that addressing social issues and stimulating the economy are not mutually exclusive goals. Mazzucato also cautioned against rigid fiscal regulations that can impede public investment. Her ideas significantly influenced Keir Starmer's political agenda, inspiring him to structure his government's objectives around five key "missions." However, these missions have reportedly been overshadowed by political challenges and internal conflicts within his premiership. Mazzucato, a professor at University College London, is a prominent figure in the field of economics, advising governments and leading international commissions, and her work focuses on innovation and public value.