Mission Economy

In Mission Economy, Mariana Mazzucato presents a transformative vision for restructuring society and government by advocating for an ambitious and mission-driven approach. Drawing parallels to the determined coordination and innovation that characterised the moon landings over half a century ago, Mazzucato suggests that we can harness the same bold spirit to tackle today's most pressing challenges.

The moon landing was not merely an aeronautical triumph; it was an epoch-defining endeavor that necessitated unprecedented levels of collaboration between the public sector, most notably NASA, and private enterprises. This exemplary model of aspiration, risk-taking, and acknowledgment of substantial investment for long-term prosperity is at the heart of Mazzucato’s argument.

Mazzucato explores the potential of applying the same level of ambition and innovation to contemporary global issues such as climate change, rampant disease, and escalating inequality. She contends that with a mission-oriented approach, akin to the one within the moon programme, government institutions can set inspirational goals that transcend short-term political gains, focusing instead on enduring benefits and sustainable growth.

The book further delves into how reorienting government budgets and policies toward long-term projects can drive societal progress and innovation. By establishing clearly defined objectives and galvanising both the public and private sectors, societies can achieve unparalleled advancements in public welfare and economic stability.

Mission Economy is not just a call to action but a blueprint for how innovation can be systematically embedded into the fabric of governance and societal frameworks. Mazzucato argues persuasively for a new governance paradigm, one that embodies the same daring and determination that once took humanity to the moon, and can now propel us towards solving the critical problems of our era.