Comment, analysis and more from Tuesday's FT, Gideon Rachman: America, Greece and a world on fire In February 1947 the British government - bankrupted by the war and beset by a harsh winter - told America that it could no longer afford to aid Greece, which was on the brink of economic collapse and civil war, writes Rachman. Analysis: A perilous path to prosperity A few years ago, it would have been difficult, if not impossible, to imagine European leaders, begging bowl in hand, turning to China for a financial bail-out. Equally, few would have predicted that Chinese leaders visiting Washington would publicly berate US policymakers about their mismanagement of the world's biggest economy. But the world has changed, writes the FT's David Pilling. The implosion in 2008 of the financial system in the US and Europe and last year's European sovereign debt crisis have accelerated the shift of economic momentum to Asia. Robert Reich: We are all going to hell in a shopping basket It is far too easy to blame the crisis of capitalism on global finance and sky-high executive salaries, writes the professor of public policy at the University of California at Berkeley, and former US secretary of labour under President Bill Clinton. Iannis Mourmouras: The price of austerity for indebted Greece It is now clear that the design and implementation of the adjustment programmes in eurozone periphery states were flawed, writes the deputy minister of finance of the Greek government and economic adviser to Antonis Samaras, leader of the opposition. Nick Butler: Oil hawks are living in cloud cuckoo land There are many risks to oil supply, but unless the producers - led by Opec - can agree tighter production constraints, the growing supply will exceed demand, which is falling in three of the world's four main consuming regions, writes the chair of King's Policy Institutes at King's College London. Editorial on Greece's creditors Private bondholders know very well that the clock is ticking; it is no surprise to see the baldest bluffs just before the players have to show their hand, says the FT. But the private sector's hand is weak and it knows it. Claims that justice requires payback in full is undermined by the fact that many holders of Greek debt have bought it at a discount. Moreover, Greek woes are at least partly due to the panic of bondholders themselves, which forced yields up to impossible levels. Greece's official rescuers are right to push for more. Lex on Intuitive Surgical Intuitive Surgical has the key ingredients of a go-go growth stock: torrid revenue growth, a profitable business model, and robots, says Lex. This entry was posted by Kate Mackenzie on Tuesday, January 17th, 2012 at 8:10 and is filed under Uncategorised.