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A real industrial revolution

Thanks for the namecheck, David. But a comprehensive strategy for smarter, fairer growth will require Theresa May to upend many more failed orthodoxies.

By Mariana Mazzucato   October 2016

©Andrew Matthews/PA Wire/Press Association Images

This piece follows on from David Willett’s piece from “Industrial policy: hands-on economics”

In arguing for a more active industrial strategy, David Willetts is right to highlight the progress he and Vince Cable made when in government. Much of this was lost when the last Business Secretary, Sajid Javid, fell back on the old mantra that government had to get out of the way. If Theresa May is serious about industrial strategy, she must begin a fundamental shift in how…

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