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Philosopheasy

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The iPhone, the internet, GPS, touchscreen technology. What do all these revolutionary inventions have in common? We're told they're the shining products of brilliant entrepreneurs, risk-taking venture capitalists, and the magic of the free market. The narrative is always the same, the heroic individual versus the lumbering, inefficient state.
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But what if I told you that narrative is largely a myth? What if the real engine of groundbreaking innovation isn't who you think it is? We're diving deep into the work of economist Mariana Mazzucato and prepare to have your assumptions challenged. Okay, let's really dig into this concept of the entrepreneurial state,
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specifically through the lens of economic development. Mazzucato isn't just making a polite suggestion, she's fundamentally challenging the core tenets of how we understand economic growth. The dominant narrative, the one you hear repeated endlessly, is that the private sector is the sole engine of wealth creation. The government's role, in this view, is to get out of the way.

The Entrepreneurial State: Is Government the Real Engine of Innovation? Mariana Mazzucato

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Philosopheasy
Mar 19, 2025
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The dominant narrative tells us that innovation is driven solely by the private sector – by risk-taking entrepreneurs and venture capitalists. But economist Mariana Mazzucato challenges this view head-on in her groundbreaking work, "The Entrepreneurial State." In this video, we dive deep into Mazzucato's arguments, exploring how the government has historically played a far more crucial role in driving radical innovation than it's given credit for. We'll debunk the "Valley of Death" myth, examine the imbalance between risk and reward in the innovation process, and explore the concept of mission-oriented innovation as a way to tackle major societal challenges like climate change. We'll look at real-world examples, from the development of the internet and GPS to Germany's Energiewende, and discuss how we can design policies to ensure a fairer distribution of the benefits of innovation. Join us as we rethink the relationship between the public and private sectors and explore a new vision for economic development. Is it time to embrace the Entrepreneurial State? Let's discuss! #philosophy #motivation #life #selfimprovement #selfawareness #growth #freedom #democracy #money #wealth #innovation #government #economics #capitalism #entrepreneurship #venturecapital #technology #development #policy #statism #market #investment #research #science #public #private #risk #reward #mazzucato #progress Join us and get access to perks: https://www.youtube.com/channel/UC3FHqNZq6i4XOS9D0LiWeMw/join

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0:42
specifically through the lens of economic development. Mazzucato isn't just making a polite suggestion, she's fundamentally challenging the core tenets of how we understand economic growth. The dominant narrative, the one you hear repeated endlessly, is that the private sector is the sole engine of wealth creation. The government's role, in this view, is to get out of the way.