Question
Comment the discussion below: Mariana Mazzucato makes an excellent argument that the state must keep investing in Technology and innovation. She highlights that thanks to
Comment the discussion below:
Mariana Mazzucato makes an excellent argument that the state must keep investing in Technology and innovation. She highlights that thanks to these investments, Apple, Internet, GPS, and Cars have gained competitive advantages over other countries through state partnerships. The idea that the U.S. puts a lot of money not only to gain a competitive advantage in Technology and innovation is familiar to me. When I was living in Mexico, teachers in school encouraged students to become scientists to come and work for U.S. companies. Also, working at UW-Madison Housing, I realized that scientists from other countries stay in the U.S. to finance their research. The U.S. usually sponsors these individuals obviously to be ahead of Technology and gain a competitive advantage over other countries.
Mazzucato's main point was to make the appeal that we need to keep reinvesting money back on Technology and innovation. She mentions that economists and people believe that the state gets its money back through taxes, growth, and job creation. Mazzucato makes the point that all these companies are across the world. She also gave examples of how Brazil is retaining equity for public funding. Mazzucato also proposes to create return-on-investment mechanism for companies that have plants outside of the U.S. She thinks we need to invest at least %5 in green technologies by retaining equities through public funding.
I agree with Mazzucato that we must create policies for the state to keep investing money in new technologies.
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