Value vs. Price
Mariana highlights the confusion between price and value in GDP measurements, suggesting that undervaluing essential public services leads to a cycle of low compensation for vital workers. Scott expresses frustration with influential figures in tech who downplay the government's role in their success, emphasizing that many leading companies owe their innovations to substantial public investment. The conversation calls for a reevaluation of how we account for wealth creation and recognize contributions to society.In this clip
From this podcast
The Prof G Pod with Scott Galloway
Rewriting the Rules of Capitalism and Public Investment — with Mariana Mazzucato
Related Questions
How does GDP distort our view of the impact of healthcare in the episode "Rewriting the Rules of Capitalism and Public Investment — with Mariana Mazzucato" and the clip "Value vs. Price"?
How does GDP distort our view of the impact of healthcare in the episode Rewriting the Rules of Capitalism and Public Investment — with Mariana Mazzucato and the clip Value vs. Price?
How should innovations be funded according to the episode Mariana Mazzucato on the Value of Everything and the clip Government's Role?