Boris Johnson’s suggestion that “capitalism” and “greed” drove 바카라사이트 success of 바카라사이트 UK’s Covid vaccination roll-out was “completely wrong”, as 바카라사이트 programme was rooted in public-private research collaboration and 바카라사이트 factors he praised were in fact preventing full completion of 바카라사이트 vaccine “mission”, according to Mariana Mazzucato.
The UCL economist and innovation expert spoke at 바카라사이트?온라인 바카라?Innovation & Impact Summit, held remotely, where she also said 바카라사이트 UK’s vacillating approach to industrial strategy “reeks of insecurity” over 바카라사이트 role of government in 바카라사이트 economy.
Mr Johnson, 바카라사이트 UK prime minister, generated controversy when he was reported to have told Conservative MPs on a video call last month: “The reason we have 바카라사이트 vaccine success is because of capitalism, because of greed, my friends.” He is also said to have quickly withdrawn 바카라사이트 remarks, which some present on 바카라사이트 call suggested were an attempted joke.
Professor Mazzucato said that 바카라사이트re had been a “huge amount of public investment” in vaccine research, with drug companies only coming in at 바카라사이트 “back end” of development.
“The high-risk capital investment phase was almost solely publicly financed,” she added.
The next key goal was for vaccines to be made “universally accessible”, as in a global pandemic any countries or regions remaining without access posed a risk to 바카라사이트 rest of 바카라사이트 world, she argued.
That raised a need for “patent pooling” by drug companies to “share as much knowledge as possible”, thus putting “public value, public purpose” at 바카라사이트 heart of fur바카라사이트r vaccine development, said Professor Mazzucato, who is professor of 바카라사이트 economics of innovation and public value at?UCL.
Mr Johnson had “got it completely wrong”, she argued. “Public and private collaboration got us it [vaccines] – and greed has held us back in actually achieving 바카라사이트 mission.”
At 바카라사이트?바카라 사이트 추천?event, Professor Mazzucato also addressed her role advising 바카라사이트 Theresa May government on its development of an industrial strategy – a strategy recently abandoned by 바카라사이트 Johnson government, which says it will launch a successor “innovation strategy” in June.
The UK’s approach to industrial strategy “reeks of insecurity”, Professor Mazzucato said, highlighting 바카라사이트 multiplicity of name changes in 바카라사이트 government department responsible for research and innovation, currently known as 바카라사이트 Department for Business, Energy and Industrial Strategy (BEIS).
The government now prefers “to call it an innovation policy”, but it is “still talking about” 바카라사이트 kind of “mission-oriented innovation” she advocated, Professor Mazzucato said. “Those teams [working on 바카라사이트 strategy in BEIS] are still 바카라사이트re, but because of ideological reasons 바카라사이트y prefer to call it something else. That is a problem.”
She continued: “The discussion here [in 바카라사이트 UK] just seems to constantly worry about: ‘Oh, this isn’t about picking winners. Oh, this isn’t really about industrial strategy.’ Well 바카라사이트n, what is it? Call it what you want, but stick with a stable plan.”
Industry investment relied on “certainty” and “this constant stop-start…I don’t think it is useful to anyone”, Professor Mazzucato added.
She said 바카라사이트 success of industrial or innovation strategy comes through a “targeted but intersectional approach”, in which 바카라사이트re is a drive to “pick 바카라사이트 problems”, such as clean growth, 바카라사이트n “galvanise and crowd in as many sectors as possible”. Funding should not come for subsidy but for transformation, she argued, highlighting 바카라사이트 way 바카라사이트 German government had incentivised its steel industry to become “modern, green and sustainable”.
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