In 1962, then US president John F Kennedy dedicated his nation to reaching the Moon earlier than the last decade was up. It was an enormous endeavor, however one which finally succeeded, and likewise produced applied sciences similar to digital camera telephones and child method alongside the best way. However have governments at the moment misplaced the arrogance and knowhow wanted to undertake such bold challenges? That’s the competition of at the moment’s visitor, Mariana Mazzucato, professor within the economics of innovation and public worth at College Faculty London. She believes states must rediscover mission-purpose and take the lead in fixing issues similar to local weather change, pandemics or water shortage.
Martin Wolf is chief economics commentator on the Monetary Occasions. You’ll find his column here
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