Name: 【TED】Mariana Mazzucato: Government -- investor, risk-taker, innovator (Mariana Mazzucato: Government -- investor, risk-taker, innovator)
Uploaded: 2016-11-25T06:21:16.000Z
Duration: 14 min 6 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Reflexive pronouns

Have you ever asked yourselves why it is that

Adverbs of degree

are coming out of one particular country,

Usually when I say this, someone says, "Spotify!

It has not had the impact that these other companies have had.

at the level of the company, the industry and the nation,

but recently also in interesting places like China,

What is the secret behind the Silicon Valley growth model,

we kind of come down in the end to these ideas

but the idea is that somehow, behind places like Silicon Valley,

the secret have been different types of market-making mechanisms,

the private initiative, whether this be about

that's actually able to provide that high-risk finance

commercialization policies which actually allow these companies

to bring these great inventions, their products,

But what really interests me, especially nowadays

and because of what's happening politically around the world,

is the language that's used, the narrative,

the discourse, the images, the actual words.

with the kind of words like that the private sector

is also much more innovative because it's able to

Think of Steve Jobs' really inspirational speech

to the 2005 graduating class at Stanford,

Right? So these guys are kind of the hungry

but the problem is this damn public sector.

It's a bit too big, and it hasn't actually allowed

these things like dynamic venture capital

and commercialization to actually be able to really

They're very explicit in these editorials.

They say, "You know, the state, it's necessary

or different types of negative externalities like pollution,

but you know what, what is the next big revolution

or all of this nanotech stuff, and in order for that stuff to happen," they say --

this was a special issue on the next industrial revolution --

they say, "the state, just stick to the basics, right?

Fund the infrastructure. Fund the schools.

Even fund the basic research, because this is

popularly recognized, in fact, as a big public good

which private companies don't want to invest in,

Those colorful, out-of-the-box kind of thinkers.

because some of them actually did some things in garages,

And so what I want to do with you in, oh God,

is to really think again this juxtaposition,

because it actually has massive, massive implications

that I often talk with with policymakers.

It has huge implications, even with this whole notion

Subtitles ListPlay Video

【TED】Mariana Mazzucato: Government -- investor, risk-taker, innovator (Mariana Mazzucato: Government -- investor, risk-taker, innovator)

stuff

sort

constantly

massive