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That consensus proved short-lived, and soon the public sector's economic interventions came to be viewed as the main cause of the crisis, and thus needed to be reversed.Elon Musk, for example, has not only received over $5 billion in subsidies from the U.S. government; his companies, SpaceX and Tesla, have been built on the work of NASA and the Department of Energy, respectively.The only way to revive our economies fully requires the public sector to reprise its pivotal role as a strategic, long-term and mission-oriented investor. When value is determined not by specific metrics, but rather by the market mechanism of supply and demand, value becomes simply "in the eye of the beholder" and rents (unearned income) become confused with profits (earned income); inequality rises; and investment in the real economy falls. And when flawed ideological stances about how value is created in an economy shape policymaking, the result is measures that inadvertently reward short-termism and undermine innovation.That means, first and foremost, admitting that value is determined collectively, by business, workers, strategic public institutions and civil-society organizations.
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