Pfizer’s bid for AstraZeneca shows that big pharma is as rotten as the banks

By Mariana Mazzucato

Countries around the world are seeking long-run, innovation-led growth in the “real economy”. This is born of a wish to move away from speculative growth led by short-term financial markets. For this reason, industrial policy is back on the agenda after years of being a near blasphemy.”…

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