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Zusammenfassung von Mission Economy

Name: Mission Economy
Rating: 4 (203 reviews)
Author: Mariana Mazzucato

Mariana Mazzucato

A Moonshot Guide to Changing Capitalism

4 (203 Bewertungen)

20 Min.

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Sozialismus & Kapitalismuskritik Politische Philosophie Krisen & Skandale

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Mission Economy
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What’s in it for me? Discover a vision for how to change capitalism.

In 1969, something completely unbelievable happened: human beings walked on the moon.

How did they get there?

Well, it took seven years of incredibly hard work by NASA and its many teams. But it also took a collective sense of purpose, and an unwavering focus on achieving a singular goal, undeterred by budgetary constraints. In a word, it took a mission.

As the world reels from the Covid-19 crisis, we badly need a sense of mission. And we need to use that sense of mission to create a new political economy, more stable and fair than our current one.

In these blinks, you’ll find out how we can get there.

In these blinks, you’ll learn

why we need to fix finance and business;
which missions we need to tackle today; and
why we wouldn’t have Dustbusters without the moon landing.

We need to transform our political economy with an approach as visionary as the 1960s moon mission.

In 2020, the world plunged into the Covid-19 crisis. Faced with disaster, many governments approached the crisis with a method best summed up by three words: whatever it takes.

This was surprising: even governments usually fond of economic austerity injected billions and billions into supporting healthcare and the economy.

But what sort of system were they propping up? The sad truth is, the political economy was suffering from plenty of deep, structural problems even before the coronavirus came along.

Fixing those problems requires some seriously big-picture thinking, with a mighty sense of purpose – or, as the author Mariana Mazzucato puts it, a sense of mission. And what better inspiration than the iconic mission that culminated more than 50 years ago, with one small step?

The key message here is: We need to transform our political economy with an approach as visionary as the 1960s moon mission.

“The most hazardous and dangerous and greatest adventure on which man has ever embarked.” That’s how President Kennedy described the moon mission in 1962. It took seven years, cost $28 billion – about $283 billion in 2020 terms – and it involved north of 400,000 people.

How could any government afford that? Here’s the thing: it wasn’t about the cost – it was about the mission itself. Simply put, the government was committed to spending whatever it took.

But that paid off, and not just in terms of the moon landing itself. All the work the mission required resulted in spillover effects that still surround us today.

Here are just a few examples. The making of the spaceship’s computer stimulated the development of modern software. An aluminized polyester material called Radiant Barrier, which was invented to keep the astronauts warm, now insulates our homes. And the management methods needed to organize NASA’s vast teams were emulated by Boeing for the 747.

In other words, one ambitious, overarching mission created countless knock-on effects.

That’s not how government thinking works these days – but it should be. Far too often, government projects are dictated by the size of the budget, even when they don’t have to be. But put the mission first, and the sky's the limit – quite literally.

It’s not easy to change our way of thinking like this – in fact, according to the author it requires us to completely overturn our thoughts around both government and capitalism. But it might be the only way to build a future world that’s as resilient as we need it to be.

We need visionary change, but our governments are too reluctant to push for it.

Does the financial sector really create value? In the UK, 90 percent of bank loans support real estate and financial assets. In other words, finance is primarily financing itself – and not society.

And it doesn’t stop there. Around the world, more and more businesses are becoming financialized. Rather than focusing on creating quality products or rewarding workers, they prioritize shareholder value above all else. Widening inequality is just one of the consequences of this.

The US government’s Apollo program is an inspirational example of how much a mission can accomplish.

There’s no doubt about it: putting a man on the moon was an extraordinary feat. And it was one that required visionary and purposeful leadership from public officials.

It wasn’t just the workers at NASA and the private companies it hired that needed leadership. Leadership here was about inspiring the entire nation, the entire world. And it succeeded: people everywhere became deeply involved with the project, and children dreamed of becoming astronauts and scientists.

Of the countless missions we might choose today, many concern the environment.

What kind of missions do we need today? The aim of getting a man on the moon was so simple and yet so incredibly ambitious. That’s what made it brilliant. But today, the challenges we face back on Earth are so great that some more grounded missions are called for.

In 2015, the United Nations compiled a list of 17 sustainable development goals for the world – issues like ending poverty, developing sustainable energy, achieving gender equality, and combating climate change. And if we’re looking for missions for today, they’re an excellent place to start.

We need to be on a mission to overhaul the political economy and its approach to public value.

In the face of the Covid-19 pandemic, the world adopted a whatever it takes approach. This showed just what can be accomplished by huge, focused collective effort. But it also drew attention to the vast systemic problems we face today.

Every year the UK government decides the size of the public health grant – which is how much money local authorities get for health care. In the five years leading up to the pandemic, this figure decreased by almost £900 million in real terms. As for the US, they initially had to fight Covid with far too few ventilators, because of a botched outsourcing project that had delivered none at all in 13 years.

We need to transform the political economy together, and in a way that’s fair. 

Some of the missions we need are very specific, like cleaning up the oceans or fighting Covid. But, as we’ve already started to explain, other missions are more about a shift in attitude.

Say we’re on a mission to create a green city. Who gets to decide what that city looks like? It’s only fair to ask the people who’ll be living there – and to carry on asking them as the city develops. For these kinds of missions, ongoing participation with people is vital. They won’t work with a top-down approach that assumes that businesses – or governments – know what’s best.

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Worum geht es in Mission Economy?

Mission Economy (2021) explains how we can rethink our approaches toward government and capitalism through the concept of missions – huge, ambitious projects that inspire people across society to think big. These blinks show how we can change the world by taking inspiration from one of the most famous missions of all: the moon landing.

Wer Mission Economy lesen sollte

Visionary thinkers who want to transform society
Economists and politics fans in search of bold new ideas
Critics of capitalism who want to see change

Über den Autor

Mariana Mazzucato is an economics professor at University College London, and founding director of the university’s Institute for Innovation and Public Purpose. She has won awards including the John Von Neumann Award in 2020 and the All European Academies Madame de Staël Prize for Cultural Values in 2019. She also advises policymakers all around the world on innovation and sustainable growth, and wrote the books The Entrepreneurial State and The Value of Everything.

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