More on the value extraction of Generative AI with @faustogernone.bsky.social โก๏ธ www.project-syndicate.org/onpoint/how-... 3/3
01.08.2025 12:05 โ ๐ 11 ๐ 2 ๐ฌ 0 ๐ 0@mazzucatom.bsky.social
Professor in the Economics of Innovation and Public Value, University College London. Author: Entrepreneurial State, Value of Everything, Mission Economy, Big Con. Founding Director UCL Institute for Innovation & Public Purpose www.marianamazzucato.com
More on the value extraction of Generative AI with @faustogernone.bsky.social โก๏ธ www.project-syndicate.org/onpoint/how-... 3/3
01.08.2025 12:05 โ ๐ 11 ๐ 2 ๐ฌ 0 ๐ 0More on the myth of โstart-up governmentโ with @rainerkattel.bsky.social โก๏ธ www.project-syndicate.org/commentary/g... 2/3
01.08.2025 12:05 โ ๐ 10 ๐ 3 ๐ฌ 2 ๐ 0DOGE wasn't just a failureโit was the latest chapter in a 50-year project to dismantle state capacity. The question should have been obvious: efficient at what & for whom? New post on how "efficiency" is used as cover for systematic value extraction โก๏ธ marianamazzucato.substack.com/p/efficiency...
01.08.2025 12:05 โ ๐ 41 ๐ 27 ๐ฌ 5 ๐ 0Every time you ask ChatGPT to proofread your email you quietly borrow from the labour of millions. In this sense, cultural production has already become a planetary co-operative. Updating its funding mechanism accordingly is necessary: it is time to socialise AIโs inputs.
@faustogernone.bsky.social
Generative AI runs on a paradox: it relies on content creators - artists, journalists and coders - whose work trains its models while eroding their incomes. The fix is to treat creative knowledge as a public good and fund it collectively.
Read piece by Fausto Gernone and me.
Nationally Determined Contributions arent just technical climate pledgesโthey're strategic economic roadmaps. When treated with high ambition, NDCs are levers for inclusive innovation-led growth. Our @climatecrisisag.bsky.social report shows how to embed climate at the centre of industrial strategy
25.07.2025 15:00 โ ๐ 7 ๐ 4 ๐ฌ 1 ๐ 0Every time we ask ChatGPT to draft a speech or summarize a report, weโre quietly drawing on the unpaid labor of millions of creators. Updating its funding model to compensate them is long overdue, write @mazzucatom.bsky.social and @faustogernone.bsky.social.
bit.ly/41bb3Mb
Generative AI models are a collective work of art built on the free labour of millions of creators. Rather than raising digital walls & enforcing stricter copyright, we must treat creative knowledge as a public good.
New piece with @faustogernone.bsky.social in @projectsyndicate.bsky.social
Watch the session โก๏ธ www.youtube.com/watch?v=WWHF...
Our report on global insights on industrial strategy โก๏ธ www.ucl.ac.uk/bartlett/pub...
Great to speak at the Conferenza nazionale del Forum Industria del Partito Democratico on green industrial strategy (IS) in Italy & EU w/ Elly Schlein. IS is vital for inclusive sustainable growthโrequiring pre-distributive approaches where capital-labour/public-private relations are just by design.
11.07.2025 14:00 โ ๐ 7 ๐ 3 ๐ฌ 1 ๐ 0The global public procurement market is worth an estimated US$13 trillion and is one of the biggest untapped levers for change that governments have, for achieving green industrial strategy. Great to Speak at the UN Environment Programme conference on Sustainable Public Procurement in Latin America.
11.07.2025 13:00 โ ๐ 11 ๐ 3 ๐ฌ 1 ๐ 0The latest BCG scandal is deeply troubling: $30m White House contract for Gaza food assistance that has seen violent reprisals against Palestinians collecting aid, & BCG's modeling for a "Gaza Riviera" project that proposed paying Palestinians to leave-with apparent Tony Blair Institute support 2/2
11.07.2025 12:30 โ ๐ 24 ๐ 12 ๐ฌ 2 ๐ 3As @rosiecollington.bsky.social and I argue in our book "The Big Con: How the Consulting Industry Weakens our Businesses, Infantilizes our Governments and Warps our Economies," we need a serious reset on how consulting companies interact with modern democracies. 1/2
11.07.2025 12:30 โ ๐ 29 ๐ 14 ๐ฌ 1 ๐ 0One week to apply! @iipp-sea.bsky.social is hiring a Research Fellow to lead research with women economists from the Global South, rethinking industrial policy, global finance and state capacity.
Apply here and share with your networks โก๏ธ www.ucl.ac.uk/work-at-ucl/...
Our G20 Discussion Paper provides a set of principles to underpin that coordination โก๏ธ g20.org/wp-content/u...
06.07.2025 07:00 โ ๐ 2 ๐ 0 ๐ฌ 0 ๐ 0Just back from Seville after intense (& very hot!) days at #FfD4. These are my reflections on the need for a multilateralism that treats Seville, Belรฉm & Johannesburg as links in a chain, not isolated events. We need coordination to tackle interconnected crises.
open.substack.com/pub/marianam...
Our recent paper on Blended Finance โก๏ธ www.ucl.ac.uk/bartlett/pub...
05.07.2025 07:00 โ ๐ 8 ๐ 1 ๐ฌ 0 ๐ 0For a decade, we've been told blended finance would turn "billions into trillions." The reality? Just $15 billion annuallyโless than 0.4% of the $4 trillion needed for SDGs.
My reflections from #FfD4 โก๏ธ open.substack.com/pub/marianam...
Read it here โก๏ธ open.substack.com/pub/marianam...
04.07.2025 17:00 โ ๐ 6 ๐ 3 ๐ฌ 0 ๐ 0We don't just need conferences, more 'blah blah blah'โwe need connected, joined-up action written into the operating system of our multilateral order. My latest, reflecting on #FfD4, on building a multilateralism that's greater than the sum of its parts, from Seville to Belรฉm to Johannesburg. Link โฌ๏ธ
04.07.2025 17:00 โ ๐ 13 ๐ 8 ๐ฌ 2 ๐ 0Read more in our report from the GCEW โก๏ธ watercommission.org#report
Read our new report on blended finance โก๏ธ www.ucl.ac.uk/bartlett/pub...
Our letter in the Financial Times, with Ministers Carlos Cuerpo, Fernando Haddad & Enoch Godongwana โก๏ธ www.ft.com/content/53cd... 2/2
Blended financing isnt delivering the patient long-term capital needed for the global water crisis, as I shared w/ WaterAid at #FFD4. To meet SDG6โClean Waterโit's estimated that an investment of $114 billion/year is needed until 2030. We need a new framework for global development financing 1/2
03.07.2025 17:01 โ ๐ 12 ๐ 0 ๐ฌ 1 ๐ 0Read the final report of the WHO council on #HealthForAll, that I co-chaired โก๏ธ www.who.int/groups/who-c...
Our paper on blended finance โก๏ธ www.ucl.ac.uk/bartlett/pub...
A healthy inclusive economy needs both quantity & quality finance. We need to put health at the centre of the economy & better govern finance to ensure #HealthForAll. Pleasure to open the health financing session y'day w/ Dr Tedros Ghebreyesus, Joseph Stiglitz, Monica Garcia, & Nadia Calvino at FfD4
03.07.2025 16:01 โ ๐ 11 ๐ 5 ๐ฌ 2 ๐ 0The resolution, passed at the 77th World Health Assembly, is based on the recommendations in the final report of the WHO Council on the Economics of Health for All, which I chaired โก๏ธ www.who.int/publications...
03.07.2025 15:00 โ ๐ 4 ๐ 0 ๐ฌ 0 ๐ 0Great to meet with @drtedros.who.int at #FfD4 to discuss financing strategies for implementing the WHO Resolution on the Economics of #HealthForAll. Health financing requires moving beyond narrow cost-benefit analysis to invest in health systems that build resilient economies.
03.07.2025 15:00 โ ๐ 4 ๐ 0 ๐ฌ 1 ๐ 0The right champions static efficiencyโdoing the same things faster.cheaper. What we need is dynamic efficiency: the ability to transform systems to meet complex challenges. This isn't about Elon Musk wielding a chainsaw, but well-funded smart bureaucracies ready to tackle 21st century challenges.
03.07.2025 09:20 โ ๐ 23 ๐ 8 ๐ฌ 0 ๐ 0Great discussion with Jayati Ghosh, Ibrahim Mayaki and Jose Antonio Ocampo at the UNDESA Global Policy Dialogue on reimagining blended finance at #FfD4.
Our new paper "Mind the Mission, Not the Gap" outlines how development finance needs to change โก๏ธ www.ucl.ac.uk/bartlett/pub... 2/2
Blended finance has underperformedโmobilising only $15b annually v $4tr needed for SDGs. Without directionality, genuine additionality & risk-reward sharing, it fails to create the partnerships needed where public & private actors share both risks & rewards to deliver transformative development 1/2
02.07.2025 16:30 โ ๐ 5 ๐ 0 ๐ฌ 1 ๐ 0Read our latest paper, "Mind the Mission, Not the Gap" โก๏ธ www.ucl.ac.uk/bartlett/pub...
02.07.2025 15:46 โ ๐ 3 ๐ 0 ๐ฌ 0 ๐ 0