Innovation & Inequality

    Disruption caused by innovation both creates goods the wealthy are more likely to use and eliminates jobs more likely held by working and middle class employees. We want to better understand how to respond to innovation in order to avoid or ameliorate both of these ways of exacerbating inequality.

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    The Government as an Entrepreneur

    Mariana Mazzucato argues that the idea that entrepreneurship is confined to the private sector is wrong.  In fact, while often considered “inefficient,” the state is among the shrewdest investors in innovation—and deserves its fair share of the rewards Watch the video

    The Precariat under Rentier Capitalism

    The Precariat under Rentier Capitalism Guy Standing We are in the midst of a Global Transformation, analogous to Karl Polanyi’s Great Transformation described in his seminal 1944 book. Whereas Polanyi’s Transformation was about constructing national market systems, today’s is about the painful construction of a global market system. To use Polanyi’s term, the ‘dis-embedded’ phase has been dominated by an ideology of market liberalisation, commodification and privatisation, orchestrated by financial interests, as in his model. The similarities also extend to today’s fundamental challenge, how to construct a ‘re-embedded’ phase, with new systems of regulation, distribution and social protection. Read more