By Clint Wilder
Government should not pick winners and losers. Public sector bureaucracy strangles entrepreneurship and innovation. Government can establish broad policy framework, but then should get out of the way.
Sounds very familiar, right? I’ve never been much of a fan of these truisms, so often cited and accepted as gospel by businesspeople and politicians across the opinion spectrum, not just libertarians and those on the right. And rarely have I heard this conventional wisdom debunked as eloquently and passionately as by economist and professor Mariana Mazzucato, a keynote speaker at the fifth annual ARPA-E Energy Innovation Summit outside Washington, D.C. late last …read more
Source: Huffington Post Green