Europe’s Largest Companies Now Lend More Than They Invest
Europe drowns in cheap capital yet starves for investment — because its biggest firms now lend rather than build.
Mariana Mazzucato
A New Economics for the 21st Century
By coming out in favor of industrial policy after many decades of advising against government intervention in the economy, the World Bank has taken an important step.
Restoring Public-Sector Capacity Where It Counts
Cities face crises first. Investing in capable, adaptive local governments is essential for resilience, inclusion, and democracy.
Why Progressive Governments Keep Failing — And How to Finally Win Back Voters
Progressives must act fast, make change visible, and perform powerfully — or watch populists fill the void.
Why European Security and Sovereignty Depend on Its Digital Sector
Mario Draghi’s vision for Europe demands more than investment—it calls for digital sovereignty, state capacity, and strategic power.
Governments Are Not Startups
Governments aren’t startups – and trying to act like one is a fast track to failure.
What Labour needs to succeed
Labour’s mission-oriented industrial strategy for the UK requires a restructuring of how government operates.
A progressive green-growth narrative
Many voters regard investment in decarbonisation and socially and environmentally beneficial outcomes as economically harmful.
Financing the common good
The UN has warned that ‘humanity’s very survival’ is threatened. Radical reform of international finance is required.
Confronting the global water crisis
To safeguard this most fundamental natural resource, we urgently need a global strategy for water as a common good.
Consultants and the crisis of capitalism
Growing reliance on big consultancies is stunting state capacity and undermining democratic accountability.
The entrepreneurial state must lead on climate change
As a much-touted green alliance of financial institutions crumbles, the private sector has once again proved unequal to the task of climate leadership.
Toward a progressive economic agenda
To win power, progressive leaders must articulate a coherent economic policy, focusing not only on redistribution but also value creation.
Failing the pandemic-preparedness test
The G20’s pandemic-preparedness fund risks becoming just another burdensome distraction.
Effective pandemic response must be truly global
The world needs a pandemic preparedness and response strategy built on equitable and representative decision-making.
The right institutions for the climate transition
Global climate commitments will not amount to much without the institutional foundation the transition to a zero-carbon economy needs.
A new global economic consensus
The pandemic has highlighted the deficiencies of economic deregulation and market liberalisation and a new policy-making paradigm is emerging.