"It's true that mostly in the last years, from the moment when Portugal was subjected to this policy of austerity, imposed by Europe, that I think many Portuguese became a little bit more left-leaning, and so did I too, I could not not care about the situation. I had to deal with it in some way."

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Mainstream economic theories popular in the last several decades have tended to downplay the government's role in markets and to increase skepticism about even that more limited role. Austerity, particularly in Europe, has added to the problem. It has not worked, even on its own terms.

— Mariana Mazzucato