Mazzucato on the Iran war’s economic shock: Who pays the price?

play videoVideo Duration 24 minutes 55 seconds play-arrow24:55Redi Tlhabi speaks to economist Mariana Mazzucato on the Iran war’s economic fallout and who’s really paying the price.

The world is reckoning with the biggest oil supply disruption in history, one that has sent energy prices soaring, rattled stock markets and exposed the deep vulnerabilities of economies still hooked on fossil fuels. While millions face higher fuel and energy bills, top oil and gas companies are reportedly profiting about $30m per hour since the war began.

This week on UpFront, Redi Tlhabi speaks with renowned economist Mariana Mazzucato about what a genuine green industrial strategy looks like, why the World Bank has fallen short, and how her concept of the “common good economy” offers a new compass for governments navigating crises.