If the recovery is done right, we can forge public-private partnerships akin to the Second World War. However, our least patriotic institution, the large scale investment bank, seems to have something different in mind.
When it comes to lending a helping hand to poor people, there seems to be a double standard. The government requires states to match funds for poverty relief, while banks get stimulus money without a fee.
For all its influence, economics doesn't really have much to say about something as fundamental (and yes, complex) as the relationship between the size of the financial sector and growth in the real economy.
The Chinese banking system has been through so much stress during the last few decades, they are in a much better position than the U.S. to deal with the global financial crisis, says Joshua Cooper Ramo.