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Where do the boldest innovations, with the deepest consequences for society, come from?
Many business leaders, entrepreneurs, and libertarians claim that the private sector leads the way always, and government at best follows by decades and at worst impedes the process with bureaucratic regulations.
Mariana Mazzucato proves otherwise. Many of the most profound innovations—from the Internet and GPS to nanotech and biotech —had their origin in government programs developed specifically to explore innovations that might eventually attract private sector interest. Ignoring this entrepreneurial risk taking role of government has fuelled a very different story about governments role in the economy, and also fuelled the dysfunctional dynamic whereby risk is socialised—with tax payers absorbing the greatest risk--- but rewards are not. Mazzucato will argue that socialization of risk, privatization of rewards is not only bad for the future of innovation eco-systems but also a key driver of inequality. What to do about it?
Mazzucato is a professor of the Economics of Innovation at Sussex University and author of The Entrepreneurial State: debunking private vs. public sector myths..
Stewart Brand's Summary will be posted after the Seminar takes place.
This Seminar will be streamed live.
Condensed ideas about long-term thinking summarized by Stewart Brand
(with Kevin Kelly, Alexander Rose and Paul Saffo) and a foreword by Brian Eno.
We would also like to recognize George Cowan (1920 - 2012) for being the first to sponsor this series.Would you like to be a featured Sponsor?
Seminars About Long-term Thinking is made possible through the generous support of The Long Now Membership and our Seminar Sponsors. We offer $5,000 and $15,000 annual Sponsorships, both of which entitle the sponsor and a guest to reserved seating at all Long Now seminars and special events. In addition, we invite $15,000 Sponsors to attend dinner with the speaker after each Seminar, and $5,000 Sponsors may choose to attend any four dinners during the sponsored year. For more information about donations and Seminar Sponsorship, please contact email@example.com. We are a public 501(c)(3) non-profit, and donations to us are always tax deductible.
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