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The Latest Breaking News from Mariana Mazzucato

There Is No Such Thing as Good Industrial Policy. But Republicans And Democrats Keep Trying.

Real industrial policy has been tried—in many countries, by governments of every ideology. It fails every time for the same reason.

Reason

Spending review is a chance for Reeves to paint a more positive picture

Labour has so far struggled to explain its purpose and the need to do so will be all the more pressing if it raises taxes again

The Guardian - UK

Elon Musk blasts the Left’s ‘completely irrational’ ‘Trump Derangement Syndrome’ in Fox sit-down

‘I happened to mention the president’s name, and it was like they got shot with a dart in the jugular that contained like methamphetamine and rabies,’ Musk says of liberals

The Independent UK

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Global water crisis leaves half of world food production at risk in next 25 years

Landmark review says urgent action needed to conserve resources and save ecosystems that supply fresh water

The Guardian - UK

Winter Fuel Payment cut 'to cost NHS Scotland £85m a year'

THE Winter Fuel Payment (WFP) will cost the NHS Scotland £85 million over the next five years, the SNP have warned.

The National (Scotland)

Top economist tears into Labour austerity in brilliant Question Time moment

A TOP economist has criticised Labour austerity cuts, insisting that their apparent savings will eventually cost the country more in the long-run.

The National (Scotland)

Government urged to help as shipmaker Harland & Wolff prepares to enter administration – as it happened

Steps are now being taken to reduce headcount at Harland & Wolff, as board concludes the company is insolvent

The Guardian - UK

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‘Scandalous’ £3.4bn UK state spending on private consultants last year

New figures reveal that public bodies paid out at least 60% more to consultancies in 2023-24 than it did pre-pandemic

The Guardian - UK

Leading economist calls on Scotland to embrace 'ambitious' new industrial strategy

A LEADING economist has called on Scotland to embrace an "ambitious" new industrial strategy in order to revitalise the country’s…

The National (Scotland)

The ugly truth behind ChatGPT: AI is guzzling resources at planet-eating rates

Big tech is playing its part in reaching net zero targets, but its vast new datacentres are run at huge cost to the environment, says economics professor Mariana Mazzucato

The Guardian - UK

Labor’s interventionist industry policy aims big. But how can Australia compete with the US and China?

The Albanese government has shed little light on how billions of dollars will be divvied up. The treasurer’s ‘favourite economist’ might provide some clues

The Guardian - AU

Who are the polluter elite and how can we tackle carbon inequality?

Is capitalism the problem? Experts weigh in on ways to address the great carbon divide

The Guardian - UK

Sunak’s Tories, Starmer’s Labour: Britain is stuck in a doom loop of failed economics. Here’s the way out

We rely on too many old ideas. Governments must foster growth that is innovative and sustainable, says economist Mariana Mazzucato

The Guardian - UK

What the right gets wrong about Adam Smith

What to make of Adam Smith? You might have thought we would have straightened this out, given that he only ever wrote two books and it’s been 300 years since he was born. But no. Everyone wants to claim the Scottish philosopher and economist as one of their own. With…

The Conversation

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The Guardian - UK

Running out of battery: how post-Brexit Britain is failing to set up a future-focused economy

One-off deals won’t keep pace with the big industrial strategies of the US and EU, says Mariana Mazzucato, a professor in the economics of innovation

The Guardian - UK

‘Deeply sorry’ CBI suspends policy and membership activity until June after firms quit following second rape allegation – as it happened

John Lewis, BMW, NatWest, Unilever, Aviva, Virgin Media 02 and GSK also distance from lobby group after Guardian reports into alleged misconduct

ABC News

Governments are increasingly reliant on consulting firms. Critics says it's often to their detriment

Critics say governments are outsourcing their own knowledge and activities to consulting firms, yet these firms aren't held to the same standards as the public sector.

Bangkok Post

Consultancy 'warp' drive deepens crisis of capitalism

In recent years, McKinsey & Company has become a household name -- but for all the wrong reasons. One of the "Big Three" consulting firms, its work for major corporations and governments has increasingly become a source of scandal and intrigue around the world.

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The Guardian - UK

Bad managers on brilliant pay: that’s why the UK’s not working

Productivity is much lower than in comparable countries, yet bosses just award themselves millions – and hire consultants

The Guardian - UK

The Big Con by Mariana Mazzucato and Rosie Collington review – how consultancy firms cash in

From Puerto Rico’s bankruptcy to Britain’s Covid contracts, the private firms taking over public life

Financial Times

Mariana Mazzucato: ‘The McKinseys and the Deloittes have no expertise in the areas that they’re advising in’

The economist argues that consultants are hobbling the state’s ability to perform the role of economic motor

The Conversation

Humanising capitalism: Jim Chalmers designs a new version of an old Labor project

Treasurer Jim Chalmers begins his Monthly essay “Capitalism After the Crises” with a quote from the ancient Greek philosopher Heraclitus: “No man ever steps in the same river twice. For it’s not the same river, and he’s not the same man.”

Salon

The Internet exists because of the state

The military-industrial complex played a critical role in funding scientific research for the future Internet

Newsroom.co.nz

Think Big, the sequel

A critique of the economist who wants government to return to a Think Big model of expansion

People

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