[VIDEO] Mariana Mazzucato on why we need an entrepreneurial state

"We need public sector organisations that are confident, capable, mission-oriented and imaginative."

According to Mariana Mazzucato, governments should be engaged more in market shaping and market creating, instead of only fixing market problems. “We want growth that’s more innovation-led, inclusive and sustainable.”

Watch the video to hear why the public sector should take an active role in specifically the green economy. States could make the IT-sector fulfil its full potential if it is directed to the green economy through creative policies. A more imaginative and creative government would also be an honour to work for, and has proven fundamental to economic revolutions in the past.

Mariana Mazzucato is Professor in the Economics of Innovation at the Science Policy Research Unit of the University of Sussex, and author of The Entrepreneurial State: Debunking Public vs. Private Sector Myths.