Oh, goodie: The Ascendant State

James Raft of Reuters reports on the mood at Davos:

Now the state is in the ascendant, both as an “investor” and regulator and as an economic force. There is talk everywhere of stimulative government spending, and although it is intended to be temporary while the economy recovers, you get the feeling that the shift in the balance between state and private enterprise might outlast the downturn.

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