The B.C. governmentB次元官网网址檚 post-pandemic economic recovery plan wonB次元官网网址檛 be seen until this fall, after a round of consultations guided by an internationally-known economist who as being B次元官网网址渙n a mission to save capitalism from itself.B次元官网网址�

B.C. needs clear missions to go with its new $500-million InBC investment fund, University College London professor Mariana Mazzucato said Wednesday, describing her role as an advisor to Jobs Minister Ravi Kahlon on reshaping B.C. to deal with the economic and climate shocks of the future. Kahlon describes that fund as a way to assist a B次元官网网址渢riple bottom lineB次元官网网址� approach to investing that includes social and environmental goals, which he calls B次元官网网址減eople, planet, profits.B次元官网网址�

Doling out innovation money to a list of key industries like forestry, mining and technology and then measuring their growth isnB次元官网网址檛 the way to go, Mazzucato said. Developed countries had solid growth numbers in 2008 when a world financial and banking crisis struck, showing a need for a broader state role in steering the economy.

B次元官网网址淚nstead of looking at those sectors as a static list, itB次元官网网址檚 really the reverse,B次元官网网址� she said by video link from London. B次元官网网址淭he question is, what are the problems? What are the problems around climate change? What are the problems around inequality? What are the problems around gender parity?B次元官网网址�

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MazzucatoB次元官网网址檚 long list of achievements has made her an international figure, advising Sweden, South Africa, Argentina, the United Nations and the World Health Organization, chairing its Council on the Economics of Health for All.

B次元官网网址淚tB次元官网网址檚 not enough just to have a public fund providing patient finance, as important as that is, unless itB次元官网网址檚 also a mission-oriented public fund, so that weB次元官网网址檙e providing patient, long-term finance to those actors and sectors in the economy that are willing to work with the government on achieving these goals,B次元官网网址� Mazzucato said.

Kahlon cited the NDP governmentB次元官网网址檚 project to reorganize B.C.B次元官网网址檚 forest industry as an example of MazzucatoB次元官网网址檚 B次元官网网址渂ottom-upB次元官网网址� approach to economic development. Long-term Crown forest tenures are being redistributed with a greater share for Indigenous land title holders and an effort to assist small-scale producers and new products.

Consultation on the wider economic recovery plan with business, labour and Indigenous leaders will extend through this summer and the plan is expected next fall, Kahlon said.

tfletcher@blackpress.ca
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