A fairly lonely voice

22. November 2018

… try­ing to get us to reeva­lua­te some ide­as. Als kur­ze Synopsis… 😉


Hier ein län­ge­rer Aus­zug aus dem Vor­wort (im Wesent­li­chen ein short sum­me­ry) von Maz­zu­ca­tos vor­her­ge­gan­ge­nem Werk das, dem obe­ren Inter­view nach, bereits auf poli­ti­sche Reso­nanz gesto­ßen ist. 🙂

Yet, glo­ba­liz­a­ti­on and infor­ma­ti­on tech­no­lo­gy have enab­led pro­fits to migra­te to low tax regi­ons or even wit­hin tax havens. It is clear that inno­va­ti­on is nee­ded in the tax sys­tem to ensu­re that high-risk public spen­ding can con­ti­nue to gua­ran­tee future pri­va­te inno­va­ti­on. […]
The other direc­tion for public sec­tor inno­va­ti­on rela­tes to ‘green’ tech­no­lo­gy. It is my own con­vic­tion that other than saving the pla­net, the green direc­tion can, if pro­per­ly sup­por­ted, save the eco­no­my. By trans­forming con­sump­ti­on and pro­duc­tion pat­terns and revam­ping exis­ting struc­tures and infra­st­ruc­tures, green tech­no­lo­gy can gene­ra­te eco­no­mic growth and long-term envi­ron­men­tal sus­taina­bi­li­ty. ‘Green growth’ can have an impact equi­va­lent to what sub­ur­ba­niz­a­ti­on and post­war recon­struc­tion did to unleash the gol­den age in the West on the basis of the ‘Ame­ri­can way of life’. It is impos­si­ble for the new mil­li­ons of con­su­mers being incor­po­ra­ted into the glo­bal eco­no­my to find well­being fol­lowing the energy- and materials-intensive path explo­i­ted in the past. The limits to resour­ces plus the thre­at of glo­bal war­ming could eit­her beco­me a power­ful bra­ke against the glo­ba­liz­a­ti­on pro­cess or the most power­ful dri­ver of growth, employ­ment and inno­va­ti­on in a genera­ti­on. […]
This brings us to the third les­son: […] As Keynes right­ly argued, government must beco­me the inves­tor of last resort when the pri­va­te sec­tor free­zes. But in the modern know­ledge eco­no­my it is not enough to invest in infra­st­ruc­tu­re or to gene­ra­te demand for the expan­si­on of pro­duc­tion. If inno­va­ti­on has always been – as Schum­pe­ter said – the for­ce dri­ving growth in the mar­ket eco­no­my, it is even more cri­ti­cal in the infor­ma­ti­on age to con­ti­nue to direct public resour­ces into cata­ly­sing innovation.

Car­lo­ta Perez in - The Entre­pre­neu­ri­al Sta­te by Maria­na Maz­zu­ca­to, 2013

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