Haven’t we heard this before?
We will create what Marianna Mazzucato describes as the entrepreneurial state.
A strategic state works in partnership with businesses, entrepreneurs and workers to stimulate growth.
Government’s role is to provide the opportunity for massive advances in technology, skills and organisational change that will drive up productivity, create new innovative products and new markets.
That requires patient long term finance for investment in research from a effectively resourced and empowered national investment bank.
We ended up with Concorde and British Leyland.