Martin Wolf interviews Mariana Mazzucato: Can the state innovate?

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• 00:02

  And they may well ask, why climb the highest mountain?

• 00:06

  Why, 35 years ago, fly the Atlantic?

• 00:10

  Why does Rice play Texas?

• 00:13

  We choose to go to the moon.

• 00:15

  On 12 September 1962, US President John F.

• 00:20

  Kennedy spoke these famous words.

• 00:23

  We choose to go to the moon in this decade and do the other things,

• 00:28

  not because they are easy, but because they are hard.

• 00:31

  As he reaffirmed his nation's commitment to beat the Soviets in the space race,

• 00:38

  not because it is easy, but because it is hard.

• 00:43

  It was an enormous undertaking in terms of resources,

• 00:47

  political willpower, and above all, technological innovation.

• 00:51

  But reach the moon they did.

• 00:55

  Today, the world faces challenges of an even greater scale,

• 00:59

  be it climate change, global pandemics, or a new cold war.

• 01:05

  But a government still capable of driving the innovation required to meet these challenges.

• 01:12

  Today's guest says that they can and they must.

• 01:23

  This is the Economics Show.

• 01:25

  I'm Martin Wolff in London, and in this episode I'm talking to Mariana Mazzucato,

• 01:32

  professor in the Economics of Innovation and Public Value at University College London and founding director of the UCL Institute for Innovation and Public Purpose.

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