Why we need a mission-driven economy

[AnBr]

pitchforkeconomics.com/episode/why-we-need-a-mission-driven-economy-with-mariana-mazzucato/

What do the internet and COVID vaccines have in common? Neither would be possible without the work of DARPA, a mission-focused federal agency responsible for funding research and development. Professor Mariana Mazzucato is with us this week to argue that our economy will be better off if more government agencies adopt DARPA’s mission-oriented approach.

Mariana Mazzucato is a Professor in the Economics of Innovation and Public Value at University College London, where she is Founding Director of the UCL Institute for Innovation and Public Purpose. She is the author of three highly-acclaimed books: The Entrepreneurial State, The Value of Everything, and Mission Economy.

[AnBr]

[Deleted]

Mission-driven economy definitely sounds theocratic. Perhaps the Vatican would get behind it.

What the hell is it? Whose mission would it be? Yours or mine? What happens to those that don't subscribe to that particular mission?

DARPA has a mission. So does NIH and every other private and public organization. Each driven one extent or another to achieve their mission. Those who knowingly join those organizations either already subscribe to or adopt the organization's mission. I don't understand what it means for the entire economy to have a mission other than to compete, stay alive, and grow in size. Are you merely talking about each organization getting better at achieving its mission?