mariana mazzucato mission economy a moonshot guide to changing capitalism

The state and markets are actually two sides of the same coin (literally: one side of a coin is stamped with the state’s figurehead the other side is the commodity exchange value: Debt: The First 5,000 Years). This leaves no space for even the pretense of “enlightened capitalism”, which progressives are happy to (try to) claim. Despite their insistence that “There Is No Alternative” to letting “the Market” transform all social relations into casinos, Market fundamentalists must annihilate reality to justify their fetishism.

Mazzucato upturns the cult of mainstream economics (Market Failure Theory, Public Choice Theory, New Public Management, etc.) with a gentle dose of reality: the social creation of “value” (not just from private firms), market efficiency as a static snapshot (missing high-risk/long-term investments + spillovers), etc. The theology of Market fundamentalism is so far-removed from real-world capitalism that progressives can provide an accessible first-step in its dismantlement. and their tumultuous effects not just to those countries but also to the global economic system (more on this later).ġ) Dispelling the lowest hanging fruit of Market fundamentalism: “cold” rather than “hot” wars despite the genocidal bombardments of Korea, Vietnam, etc. It bypasses much of the war-related aspects with a Global North “Cold War” framing, i.e. Unfortunately, this book is set after WWII (focusing on the Apollo program) and completely encrusted with sugar-coating.

Another reformist Steve Keen (similar politically but less willing to sugar-coat his delivery) recently shifted his attention to the economics of climate change/ecological crises, including the most plausible scenario of nationalist war-economy responses/rationing. Private Sector Myths as I’ve already gone through fellow reformist Ha-Joon Chang on developmental state-planning, and neglected her The Value of Everything: Making and Taking in the Global Economy since “value” deserves true radical thinking (from Marx’s play with labour to gift economies to care-work to reciprocity with ecology etc.)Ģ) To see a progressive’s take on state planning, esp.

I bypassed her The Entrepreneurial State: Debunking Public vs. capitalism reformer, see the subtitle “Changing Capitalism”) economist Mazzucato: Mission stuck orbiting Western liberal capitalism?ġ) To get a sense of super-star “progressive” (i.e.

Mariana mazzucato mission economy a moonshot guide to changing capitalism