Mariana Mazzucato Quotes
It's important that public funds be spent in research directions that are pushing market frontiers rather than working in existing areas. This means funding research not only on drugs but also on areas like life-style changes, even if the profit potential is lower for Big Pharma as you cannot sell that change as you can sell a medicine.
Mazzucato, Mariana. "I'm Mariana Mazzucato, I study the economics of innovation, and why we need to rethink capitalism. AMA!" Reddit, 7 Feb. 2017.
The major killer diseases such as malaria and sleeping sickness are not contracted by Americans, and America is the only large country in the world where the Governments allow the drug companies to charge such high prices and make such huge profits. So any drug that Americans might pay for is a better potential profit generator than one that would be critical to the lives of millions where the governments to preserve lives would force the prices down or allow other companies to also make the drug. See {628648} for other factors affecting drug company priorities.
George W. Bush followed his deeply held religious belief and that of a small, but controlling religious fundamentalist segment of the Republican Party and banned Federal funding of scientific research that involved fetal stem cells. The thinking of the religious fundamentalist was that if fetal stem cell research were to be extensive there might be a demand for the fetal cells which could come from abortion. This might create more abortions and it would mean that something good might result from a terrible evil—an abortion. This in turn might make abortion less terrible for some people and produce some moral ambiguity. At the same time there are tens of thousands of fertilized embryos available from in vitro fertilization procedures where extras are produced but usually not needed and often are disposed of as waste. However, these fundamentalists do not want to even allow those to be used. Hence, the “insanity” characterization which is more accurately illogicality.
Suggesting raising money for medical resaearch by securitizing bundles of cancer drugs to secure bonds.
Mariana Mazzucato is an economist with dual Italian–US citizenship. She is a professor at University College London in Economics of Innovation and Public Value and she is the founder and director of their Institute for Innovation and Public Purpose (IIPP). Her research focuses on the relationships between technological, economic and social changes. She is a member of the Scottish Government's Council of Economic Advisers and South Africa's Economic Advisory Council. In 2019, she joined the UN Committee for Development Policy.