The global meltdown led to expectations governments would use money to reinvent economies for climate change. The plan was simple: spend obscene amounts of public money in infrastructure and other projects, to stimulate national economies. If this money got spent on all those things which would improve the environmental sustainability of countries, it would go a long way in building the foundation for the new-age world. It would make us climate-proof and insure us against the excesses of an out-of-control market.

Such expectations are now belied. The British pink daily The Financial Times