Photo by Rami Al-zayat on Unsplash

By Laurie Macfarlane

This blog is a follow up to the event ‘Digital feudalism: The future of data capitalism’. The event is part of IIPP’s ‘Who owns what and why’ series. The recording of the event can be watched here.

The COVID-19 pandemic triggered the deepest global recession since the Great Depression, and pushed millions of households and businesses into economic hardship. But not all parts of the global economy have been suffering.

Throughout the pandemic the ‘Big 5’ tech companies — Amazon, Apple, Alphabet, Facebook, and Microsoft — have seen their revenues and stock prices soar. At the end…


Photo by Zck_ on Unsplash

By Ryan Bellinson and Sarah Albala

A s the impacts of COVID-19 began to emerge in the spring of 2020, the London borough of Camden devised a novel plan for responding to the crisis. Instead of focusing on how to recover from the pandemic, the council decided to embrace a vision for transformative renewal.

The need for change was clear: out of London’s 32 boroughs, Camden had the fifth highest rate of childhood poverty before the pandemic hit, standing at nearly 40%. It also had extremely high levels of income inequality, with the median household income in the wealthiest ward…


Photo by Tierra Mallorca on Unsplash

By Laurie Macfarlane

This blog is a follow up to the recent event ‘The global housing crisis and the home ownership myth’. The event is part of IIPP’s ‘Who owns what and why’ series. The recording of the event can be watched here.

According to the IMF, the Covid-19 pandemic triggered the deepest global recession since the Great Depression of the 1930s. Millions of people have lost their jobs or been furloughed, while thousands businesses have been pushed to the edge of bankruptcy.

But not all parts of the economy have been suffering. While UK GDP shrank by 10% in…


Photo by Iñaki del Olmo on Unsplash

By Keno Haverkamp

This week marks the two-year anniversary of the UCL Institute for Innovation and Public Purpose’s (IIPP) Theory Reading Group. Since June 2019, the Group has met monthly to read academic papers or book chapters that are relevant for the theoretical foundations underpinning the Institute’s work. During a year of remote working and social distancing, the Group has also provided a valuable platform for socialising. The anniversary provides a good opportunity to review some of the papers and concepts we have discussed together over the past 12 months.

At the centre of IIPP’s work lie questions on the…


Photo by Markus Spiske on Unsplash

By Carlota Perez and Andres Schafer

This is the fourth instalment in the authors’ ‘After the pandemic’ series. The first, second and third essays in the series can be read here, here and here.

The blow inflicted by the Covid-19 pandemic has raised awareness about what lies ahead for humanity: climate change, environmental damage, global epidemics and mass migrations are an existential challenge to us all. But history has consistently proven that troubling times of dwindling hope can be followed by new Golden Ages. That’s the social dynamic of technological revolutions under capitalism and how they unfold.

The last time…


Photo by Sharon McCutcheon on Unsplash

By Laurie Macfarlane

This blog is a follow up to the recent event ‘Philanthropy and the State: who is funding what and why?’ The event is part of IIPP’s ‘Who owns what and why’ series. The recording of the event can be watched here.

T o some, Bill Gates is a model of how capitalism is supposed to work. As a leading tech innovator, he enriched himself while improving the lives of others, and then used this vast wealth to support good causes.

That Bill Gates has donated an enormous amount to philanthropic causes is undeniable. Since 2000 the Bill…


Photo by Ivan Diaz on Unsplash

By Laurie Macfarlane

This blog is a follow up to the recent event ‘Are we paying twice for health innovation?’ The event is part of IIPP’s ‘Who owns what and why’ series. The recording of the event can be watched here.

The Covid-19 pandemic has cost more than three million lives and left many more incapacitated. But with multiple vaccines now being rolled out across the world, many hope the end of the pandemic is within sight.

However, the development of Covid vaccines has also shone a spotlight on some of the key dilemmas at the heart of health innovation…


Photo by Michele Bitetto on Unsplash

By Simone Gasperin

O n 16 May 1991, the leading Italian newspaper Corriere della Sera displayed a triumphant headline proclaiming: “Italy, fourth power”. Thirty years later, it might be easy to forget that at this time Italy was among the world’s largest industrial powers, ahead of the United Kingdom when measured by GDP per capita on purchasing-parity terms.


Photo by Mangopear creative on Unsplash

By Ryan Bellinson and Robyn Smith

This blog is part of IIPP’s series on mission-oriented innovation at a local level. The first blog in the series can be read here.

Think revolution, think Manchester. The Greater Manchester city-region became the world’s first industrial metropolis during the Industrial Revolution; gave rise to the UK’s modern labour union and co-operative movements; and was the epicentre of the British suffragettes.

Today Greater Manchester is aiming to continue its pioneering legacy by becoming one of the world’s leading green city-regions. The Greater Manchester Combined Authority (GMCA) is using a mission-oriented approach to reach carbon…


Photo by William McCue on Unsplash

By Daniel Wainwright and Martha McPherson

This blog is part of IIPP’s series on mission-oriented innovation at a local level.

Cities are on the frontline of the climate emergency. They are currently responsible for 70% of global emissions, and this will only rise in future. Globally, the urban population is forecast to increase from 55% to 68% between 2018 and 2050. Without deep changes in the way we eat, move, build and work, city dwellers will suffer — from increasing pollution and heat island effects, to increasingly unstable food chains and greater vulnerability to natural disasters.

So it’s no surprise…

UCL Institute for Innovation and Public Purpose

Changing how public value is imagined, practiced and evaluated to tackle societal challenges | Director: Mariana Mazzucato | Deputy Director: Rainer Kattel

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store