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06.02.2024
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"In this sharp and controversial book, Mariana Mazzucato debunks the pervasive myth that the state is a laggard, bureaucratic apparatus at odds with a dynamic private sector. She reveals in detailed case studies, including a riveting chapter on the iPhone, that the opposite is true: the state is, and has been, our boldest and mst valuable innovator. Denying this history is leading us down the wrong path. A select few get credit for what is an intensely collective effort, and the US government has started disinvesting from innovation. The repercussions could stunt economic growth and increase inequality. Mazzucato teaches us how to reverse this trend before it is too late."--;Forward to the 2018 edition: Rediscovering public wealth creation -- Introduction: Thinking big again -- From crisis ideology to the division of innovative labour -- Technology, innovation and growth -- Risk-taking state : from "de-risking" to "bring it on!" -- The US entrepreneurial state -- The state behind the iPhone -- Pushing vs. nudging the green industrial revolution -- Wind and solar power : government success stories and technology in crisis -- Risks and rewards : from rotten apples to symbiotic ecosystems -- Socialization of risk and privatization of rewards : can the entrepreneurial state eat its cake too? -- Conclusion.;Argues that the American government, often perceived as a hindrance to technology, has in fact been a great innovator, responsible for such breakthroughs as GPS, the Internet, and search engine algorithms.
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