Mariana Mazzucato told us—
There are many public banks in the world, and many of those are part of the problem rather than part of the solution; they end up being just handout machines.iOR, 14 May, Col 1
She said SNIB’s role was “to use patient finance to fuel organisation that are willing to engage in the missions” and—
That is why we say that you should pick the willing, not the winners.iiOR, 14 May, Col 3
Laurie Macfarlane reinforced the point, saying the “whole point of a mission-oriented bank” was to work with those “willing, able and excited to invest in the key areas of the future rather than it just sitting back and saying, ‘Here’s this financial instrument—come and take it’”.iiiOR, 14 May, Col 6
Changes in the world economy were the backdrop to mission setting, according to Bennie Higgins.