
Reimagining capitalism through moonshot thinking, "Mission Economy" challenges governments to drive innovation like NASA's Apollo program. Pope Francis endorsed Mazzucato's vision, while Ezra Klein called her debates "unavoidable." Can ambitious public-private missions solve today's grand challenges?
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What if government could be as innovative, nimble, and ambitious as the most cutting-edge tech companies? In "Mission Economy," economist Mariana Mazzucato challenges our fundamental assumptions about capitalism and government's role within it. When President Kennedy declared America would put a man on the moon before the decade's end, he wasn't just announcing a space mission-he was demonstrating how purposeful public leadership could mobilize society toward seemingly impossible goals. The Apollo program employed 400,000 people and generated countless innovations that fueled decades of technological advancement. Today, as we face existential challenges from climate change to inequality, this moonshot mentality isn't just appealing-it's essential for our survival. The modern economic system has become dangerously unbalanced. Real wages have stagnated for decades while CEO compensation has skyrocketed from 20 times average worker pay in the 1980s to 129 times today. Fortune 500 companies spent nearly $4 trillion on stock buybacks in the decade before 2019, prioritizing shareholder returns over resilience-a decision that came back to haunt many industries during COVID-19. Meanwhile, our most pressing collective challenges remain unaddressed, with climate tipping points approaching faster than previously predicted.
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