Mariana Mazzucato argues that many ground-breaking innovations were made possible by public sector support rather than resulting solely from private-sector initiative and commercial funding. In fact, she says, the public sector has played and continues to play a vital role in bearing the risk of breakthrough, out-of-the-box innovations, such as the Internet, the microchip, touchscreen displays, revolutionary new drugs, nanotechnology and many others across a range of sectors.
An alternative perspective to Mariana Mazzucato's is the view that profit-driven innovation has the potential to achieve large-scale reductions in carbon emissions.
"Climate change is one of the greatest wealth-generating opportunities of our generation."
Sir Richard Branson, Carbon War Room founder
The Carbon War Room (CWR) is an organisation set up to help the flow of private capital to innovative and sustainable solutions: to get "profit-making people to chase more profit and save the planet at the same time".
Do you think the CWR's views and Mazzucato's are mutually exclusive?
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