en English
Economics
Jun 2, 2026
Mariana Mazzucato
and Anna Hope Emerson
British Steel Needs a Transformation, Not a Bailout
Mariana Mazzucato & Anna Hope Emerson see the debate about nationalizing British Steel as a test case for the new era of industrial policy.
TL;DRAI
UK oscillates between privatization and emergency bailouts, socializing risks while profits remain private, failing to build governance for strategic sectors. Tech managers should note: public support now requires governance conditionalities and transformation, not ad-hoc rescues.
105 words~1 min read
