full transcript
"From the Ted Talk by Mariana Mazzucato: Government -- investor, risk-taker, innovator"

Unscramble the Blue Letters

And so there's huge implications of this. First of all, of course I'm not someone, this old-fashioned person, mrkeat versus state. What we all know in dynamic capitalism is that what we actually need are public-private partnerships. But the ponit is, by constantly depicting the sttae part as necessary but actually — pffff — a bit boring and often a bit dangerous kind of Leviathan, I think we've actually really stnteud the possibility to build these public-private partnerships in a really dynamic way. Even the wrods that we often use to justify the "P" part, the public part — well, they're both P's — with public-private partnerships is in terms of de-risking. What the public sector did in all these examples I just gave you, and there's many more, which myself and other colleagues have been looking at, is doing much more than de-risking. It's kind of been taking on that risk. Bring it on. It's actually been the one thinking out of the box. But also, I'm sure you all have had experience with local, regional, national governments, and you're kind of like, "You know what, that Kafka-ian bacrurauet, I've met him." That whole juxtaposition thing, it's kind of there. Well, there's a self-fulfilling prophecy. By talking about the state as kind of irrelevant, boinrg, it's sometimes that we actually create those organizations in that way. So what we have to actually do is build these entrepreneurial state organizations. DARPA, that funded the ineentrt and Siri, actually thought really hard about this, how to welcome failure, because you will fail. You will fail when you innovative. One out of 10 experiments has any success. And the V.C. guys know this, and they're able to actually fund the other losses from that one sesccus.

Open Cloze

And so there's huge implications of this. First of all, of course I'm not someone, this old-fashioned person, ______ versus state. What we all know in dynamic capitalism is that what we actually need are public-private partnerships. But the _____ is, by constantly depicting the _____ part as necessary but actually — pffff — a bit boring and often a bit dangerous kind of Leviathan, I think we've actually really _______ the possibility to build these public-private partnerships in a really dynamic way. Even the _____ that we often use to justify the "P" part, the public part — well, they're both P's — with public-private partnerships is in terms of de-risking. What the public sector did in all these examples I just gave you, and there's many more, which myself and other colleagues have been looking at, is doing much more than de-risking. It's kind of been taking on that risk. Bring it on. It's actually been the one thinking out of the box. But also, I'm sure you all have had experience with local, regional, national governments, and you're kind of like, "You know what, that Kafka-ian __________, I've met him." That whole juxtaposition thing, it's kind of there. Well, there's a self-fulfilling prophecy. By talking about the state as kind of irrelevant, ______, it's sometimes that we actually create those organizations in that way. So what we have to actually do is build these entrepreneurial state organizations. DARPA, that funded the ________ and Siri, actually thought really hard about this, how to welcome failure, because you will fail. You will fail when you innovative. One out of 10 experiments has any success. And the V.C. guys know this, and they're able to actually fund the other losses from that one _______.

Solution

  1. bureaucrat
  2. market
  3. words
  4. point
  5. state
  6. stunted
  7. boring
  8. success
  9. internet

Original Text

And so there's huge implications of this. First of all, of course I'm not someone, this old-fashioned person, market versus state. What we all know in dynamic capitalism is that what we actually need are public-private partnerships. But the point is, by constantly depicting the state part as necessary but actually — pffff — a bit boring and often a bit dangerous kind of Leviathan, I think we've actually really stunted the possibility to build these public-private partnerships in a really dynamic way. Even the words that we often use to justify the "P" part, the public part — well, they're both P's — with public-private partnerships is in terms of de-risking. What the public sector did in all these examples I just gave you, and there's many more, which myself and other colleagues have been looking at, is doing much more than de-risking. It's kind of been taking on that risk. Bring it on. It's actually been the one thinking out of the box. But also, I'm sure you all have had experience with local, regional, national governments, and you're kind of like, "You know what, that Kafka-ian bureaucrat, I've met him." That whole juxtaposition thing, it's kind of there. Well, there's a self-fulfilling prophecy. By talking about the state as kind of irrelevant, boring, it's sometimes that we actually create those organizations in that way. So what we have to actually do is build these entrepreneurial state organizations. DARPA, that funded the Internet and Siri, actually thought really hard about this, how to welcome failure, because you will fail. You will fail when you innovative. One out of 10 experiments has any success. And the V.C. guys know this, and they're able to actually fund the other losses from that one success.

ngrams of length 2

collocation frequency
silicon valley 3
venture capital 3
public sector 3
huge implications 3
public private 3
private partnerships 3

ngrams of length 3

collocation frequency
public private partnerships 3

Important Words

  1. bit
  2. boring
  3. box
  4. bring
  5. build
  6. bureaucrat
  7. capitalism
  8. colleagues
  9. constantly
  10. create
  11. dangerous
  12. darpa
  13. depicting
  14. dynamic
  15. entrepreneurial
  16. examples
  17. experience
  18. experiments
  19. fail
  20. failure
  21. fund
  22. funded
  23. gave
  24. governments
  25. guys
  26. hard
  27. huge
  28. implications
  29. innovative
  30. internet
  31. irrelevant
  32. justify
  33. juxtaposition
  34. kind
  35. leviathan
  36. local
  37. losses
  38. market
  39. met
  40. national
  41. organizations
  42. part
  43. partnerships
  44. person
  45. pffff
  46. point
  47. possibility
  48. prophecy
  49. public
  50. regional
  51. risk
  52. sector
  53. siri
  54. state
  55. stunted
  56. success
  57. talking
  58. terms
  59. thinking
  60. thought
  61. words