How Taxpayers Grow The Private Sector: Mariana Mazzucato
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- เผยแพร่เมื่อ 15 พ.ค. 2024
- A "citizens' share" would give wealth invested by taxpayers back to the public, says University College London Professor Mariana Mazzucato. In this episode of "The Bottom Line," Mazzucato discusses why risk and failure should be normalized and how AI can be calibrated for positive change.
Chapters:
00:00 - Introduction
00:18 - Risk
02:03 - Citizens' dividends
03:26 - Risk management
04:50 - Redistributing wealth
06:07 - Artificial intelligence
08:17 - Digital feudalism
10:08 - Leading economy
Produced, Shot and Edited by: Mark Licea
Supervising Producer: Lindsey Jacobson
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How Taxpayers Grow The Private Sector: Mariana Mazzucato
CNBC went ahead and interviewed a Facts Machine and thought we wouldn't notice! What a brilliant woman, she clearly knows her stuff and presents well calculated arguments!
'Privatize the gains, socialize the losses'
What I never understood about the US is the insistance on 'pure' capitalism, but when it comes to bailing out or helping out economically struggling companies, the government's money is suddenly an all-you-can-eat buffet.
Because the tax payer in those situation suffer more if those entities collapse
It should also be noted when there is a ‘bail out’ its almost always a loan and or a purchase of shares where the ‘tax payer’ (which ironically the institutions you complain about are as well) benefit from selling at a premium.
"Capitalism" is just a word that is thrown around in order to sound American. It doesn't really mean anything.
Don't worry the current President was the VP when that happened so I am sure it won't happen again (ignore the fact that it already happened again).
Yes, that’s to screw to tax payers! 😂
@@jimbojimbo6873did you receive any benefits from the nationalization of AIG in 2008? 😂
This was refreshing and honestly a lot to take in. So many ideas in 12 mins.
Can we please have a whole series from her? Refreshing, holistic perspectives (not just government or tax payer or private sector perspectives, but going a step above all to think about how to create value for ALL). Quite insightful!
Nice to hear exploitation of the tax-payer called out with logic.
I think people would get behind “taxes” if they were called “dividends” and paid either to research projects or directly to their bank account.
they kind of mentioned that, i.e. DARPA research for GPS and the internet.
And then the companies use these and we "tax" them.
But of course, businesses get to offset expenditures from their income tax, while everyday people don't, which is obviously a bit dumb.
No American should have less than $1.5 million in thier bank account regardless what kind of work you choose to do. Companies are stealing our lifelong buying power through wage depletion!
Citizen's dividens seem like a game-changer. Can't wait to see this idea in action.
A lot of viewers will be unaware the shocking extent to which this woman is changing the world. She's a diamond.
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This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this, are you a pro investor?
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $508k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choi
that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s your financial advisor or coach, do you mind hooking me up?
I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2019, mind if I looked-up this one coach you use?
Honestly, How can I be part of this project I earnestly hope to build a strong financial future I'm interested to take part, who's the person behind your success?
incredible. all sounds good except most voters don't even understand a thing about these topics.
It would be TERRIBLE for the wealthy if the majority of voters had any bloody idea about anything remotely significant at all. :) Not that voting really matters, anyhow; the rich get what they want, what they pay for, and what they influence... and that is EVERYTHING.
@@Novastar.SaberCombat indeed. to be fair, if I would have been financially nice and stable life family since graduation, I wouldn't even known or learn the ideas in the video.
Complicating something very simple. If we want wealth distribution, each one of us should charge much much more for their service (aka work). Shift the mentality from "I get paid to work" to "I charge XYZ for my work". That's the only thing that's needed.
This is an interesting reframing of capitalism/socialism. I see what she’s doing, and it’s worth a try I guess.
It's just capitalism. We're currently a corporate socialist state and she's advocating that we stop doing that.
@@D4PPZ456 Sounds more like corporatocracy. US doesn't even have a damn free market, esp since the free market is exactly what big monopolies dislike. Makes complete sense that they would lobby for anti-compete laws.
@@Misaka-gt5yj Free markets are where monopolies exist
USA more reactive vs proactive. Many do not want to invest until the problem becomes an emergency
Follow the money.
Politicians don't get a ribbon ceremony for maintaining a system. That why they wait for it to break and attend the "new" infrastructure ribbon cutting ceremony.
Women says wild things like "investors should benefit from their investments" and people lose their minds.
She is right. We invest. Then pay extra. Sometimes thrice.
I was thinking about it with the defense industry.
The way it is now? It would be like you telling me to build you a car. So I build it with your money and resources. I pay myself, and buddies. I should just give you the car at this point, right? Not in America!
Then say it is finished, but you have to buy it off me now, and I own the rights to any upgrades for the future. I'm going to charge you a premium for many of the parts, and you aren't allowed to use anyone else.
It is ridiculous.
I already kind of knew it cuz taxpayer money pays for corporate incentives. Capitalism is put on a pedestal while social welfare is given out so the people don’t riot. Welfare is given out to support the workers whose labor has been extracted and not fully compensated for. And CEOs are overcompensated.
Thanks dude! for keeping us financially Educated! Regardless of how Bad it gets or the economy, I still make over $22,000 every single week.
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Same here,l earn $13,000 a week.GOD bless Ms. Patricia V. she has been a blessing to my family.
childs play! 22000 a week so poor I make 200000 a week.bro you are lame and poor.
Let me guess Crypto? lol stfu with that bs
Very informative thank you both !
Mariana economic books are AMAZING must read
If she acknowledges money is largely neutral (that is, printing money doesn't solve anything) and that the Keynesian fiscal multiplier is largely at best 1.0 if not less than one (that is, government money does not expand the economy and may even harm it) I might be interested in reading her. I suspect however she's largely parroting economic thought from 70 to 80 years ago.
Was this interview purposely edited to make her sound stupid then?
@@woodchuck003 No it looks like she did that all on her own.
Super interesting interview, I need more of these!
Mariana is brilliant!
As long as she doesn't open her mouth. It's brilliant that she has done a 180 on corporate subsides.
Thank you Mariana Mazzucato👏👏
Wow, those are great points.
Really there are three actors in technology advances. There is private financial capital, public financial capital, and individual intellectual capital. The system needs all three to work and each are entitled to a proportional return. I am a member of the third group which too often is crowded out in discussion of the topic. If I work harder and smarter than average, the public is not entitled to half of what I produce. My liability is the cost of education, or at most the average productivity of people with similar education.
If we did support the public to eliminate the personnel liability of a worth while education, all three actors in technology advances would see major improvements. Along with the public just generally making better day to day life decisions. Education is the best investment a society can make. Otherwise, it is about being born into certain advantages and role models, not hard work to rise above an even playing field.
she'll crack the floor tiles if she keeps dropping truths like that
Good sustainable economics viewpoint, but the difficulties lie in implementation and the politics of it.
People just need to spend less money - some just have no self control and go broke making corporations richer...
👍 solid
Interesting!
Universal basic income. If the corporations are getting it why should not everyone else?
the interviewer girl crushin and so am I
Very interesting
Risk
no bailouts please
is she related to Cate Blanchett...
Citizens dividends. So fascinating. Thrre is only social bailout but why not having social dividends?
Couldn't corporate taxation be seen as a form of citizen dividends? Of course corporations don't want to pay taxes.
i think I'm in love with her
cRoNy cApiTaliSm woOo
Best backseat driver
i want to grow up and be a rockstar one day
What's your band, the 27's?
#30KforBackPay 🪙 #ZapenForNmb
my dentist still, going on 20 plus years, always messes with me when I have the "laughing gas" and asks me what I want to be when I grow up, then disagrees and says "nah, you want to be a rockstar". I mean I get the purpose is a dull joke to make sure the gas isn't too strong and such, but it was never funny and still isn't funny despite being buzzed on nitrous lol
If this woman thinks that the pharmaceutical industry takes no risk, she has never sat across a deposition table from an ambulance chasing lawyer who is seeking billions of $ from them because they produced and sold an FDA approved medicine. Take the lawyers out of medicine and you'll see prices go down. A friend of mine who is a general surgeon paid $60,000 a year in malpractice insurance premiums and no insurance company ever paid a cent in any claim against him. That's an example of one of the reasons why health care is so expensive.
All of the successes of public sector research mentioned in this video came when government was only 20% of GDP and we weren’t running huge deficits. Private sector business growth further developed and marketed those technologies.
Today government is 40% of GDP and outspends its revenue. Private sector growth is severely limited as a result and the public sector is unsustainable.
We pay people not to work with money printed out of thin air so we have to import our labor-intensive goods from counties like China with oppressive regimes and humanitarian issues. Too bad we can’t get China to build our houses too.
Excellent example of a video when someone speaks for 11 minutes and 59 seconds and says nothing significant. Wasted time for promoter and viewer.
She is just a wobbly, bubbly mass of catchphrases and gratuitious public and pvt sector bashing. But even she knows the education system that enabled the likes of her to rise to the top is being burnt to the ground by the wealthiest entrepreneurs working along with a newly entrenched professional class .. people like her.
I'm confused how does marrying your baby sitter make GDP go down?
I believe she is referring to how GDP is measured. The baby sitter is paid for a service so it is included in the GDP. But once a person marries the baby sitter then they aren't getting paid for providing the child care, so it is no longer included in GDP. (If they still paid their spouse in money, then I believe it would still be part of GDP).
@juandenz2008 ok that make sense thanks
日圓
how? private sector cheats on taxes
I am reminded of what Nikki Haley said to Vivek Ramaswamy during the first 2023 Republican debate.
oof
Yay only like 10% of the comments here are trash
1:07 "climate problems" yeah. "we" as humans have been boiling the oceans since the 70s (suspiciously when monetary inflation became unhinged) but deaths because of natural causes have declined by more than 90%
Lo bueno es que yo tengo un trato con la sec donde me excluye de pago de taxes y quedo de testigo ELON Musk
First, businesses are not created to stop climate change, make people feel good, or think how can I create value differently. Profit for Purpose really? Government does not create wealth. Government does not produce. This person I can guarantee has never ran a business and does not have a clue of the true business climate. She is talking more of an ideology and a feel good approach to business. Businesses are not created to feel good. They are created to make money and the soul purpose is profit. There does need to be some regulation and controls in place set by the government yes for safety and health reasons of course. There is this thing called over reach and our government has been doing that for years. Government used to be for the all people. Government was never supposed to pick winners and losers.
Businesses weren't supposed to get the freedoms meant for the all people.
Businesses are people, like you and I if we choose to open a business we should be looked at fairly just like the rules behind fair lending. It is small and medium sized businesses that create the jobs for over 60-70% of the jobs in this country. Through regulation the government is supposed to be neutral creating a level playing field for all. Not to pick and choose based on your political and ideological leanings. Again the driving factor behind any that opens a business is profit. Has been that way for millennia.@@MrRedberd
Rich gotta rich. Poor gotta suffer and serve. That's how it's been for thousands of years. Stay in your lane, and accept it; there's nothing you can do about it. Not unless you're--heh--wealthy, powerful, connected, influential, etc. In which case, there's NO POSSIBLE WAY you'd want to change anything, lol! #DUH
She did not mention the risk we have taken to reach our goals, to be successful, rather than income to be distributed evenly, her idea just simply wrong. We have to take care of ourself first, not everybody.
Private companies got to pay in company stock to use publicly funded tech & knowledge
Whenever you hear ESG and diversity 🐂💩 take this with a grain of salt. Corporate buzzwords make my blood boil.
Superficial analysis
"ELITE" SCUM
If you listen closely to what she says and the way she says it, you realize she really has no idea what she is talking about.
what an weird stock-clip-slideshow.. she talked much and said nothing.
Only doctors nurses teachers police and fire fighters r real jobs in America nobody else does nothing in America🙄
An English class might be beneficial.
Ur in the wrong room!… I’m dealing with ppl like u no need to punctuations and correct spelling…
“Only real jobs” ? You don’t have a clue what other profession are out there. How do you think you get food on your table and hold a cell phone tablet? Smh
@@Cuteglamshopper ok clown …..
No thanks, we'll see what voters decide next election
How many successful businesses did this lady run, let me guess, is it 0?
An economist speaking about economics must first run a business. If she only had run a business while making these comments, you would have asked where she got her degree in economics from. Try to be at least a little bit charitable.
How many black businesses did the "printing fiat from thinair fed create".
FYI, most of those successful businesses hire economist like her to assist them.