Why people should work together to shape the economy

Economist Mariana Mazzucato argues for community-led economic direction in her new book, "The Value of Everything: Making and Taking in the Global Economy," published on June 15, 2026. Mazzucato contends that current economic systems disproportionately reward value extraction over value creation, leading to societal inequities. She advocates for a shift towards a "mission-oriented" approach, where public and private sectors collaborate to address grand challenges like climate change and public health, thereby fostering inclusive growth. The book, building on her previous work, emphasizes the need for citizens to actively participate in shaping economic policies rather than passively accepting outcomes. Mazzucato highlights examples of successful community-driven initiatives, suggesting that empowering local economies can lead to more sustainable and equitable development. She calls for a redefinition of economic success beyond simple GDP growth, focusing instead on societal well-being and environmental sustainability. The book proposes concrete policy recommendations, including reforms to corporate governance and investment strategies, to realign economic incentives with public good.