Mariana Mazzucato is Professor in the Economics of Innovation and Public Value at University College London.
The World Economic Forum meeting in Davos will feature the usual pledges about stakeholder capitalism, purpose-driven business, and sustainable development. But without binding conditionalities, accountability frameworks, and risk-sharing that distinguish genuine value creators from rent extractors, it remains theater.
Mariana Mazzucato
January 20, 2026 at 9:59 AM IST
iStock.com