Fixing markets isn't enough. We have to actively shape and create them and tilt the playing field in the direction of the growth we want.

An interesting attribute of public banks is that they don't only de-risk the downside, but also get a share of the upside.

Growth in productivity has diverged from growth in the share that working people can expect right across advanced economies, but this trend started earlier and has been more pronounced in the U.S.

While infrastructure is of course important, it must be part of a bigger vision. The point is not to simply dig ditches but to steer those investments towards transformational growth.

Real median household incomes in the U.S. were basically the same in 1989 as in 2014. But we are also seeing similar challenges in the U.K. in the stagnation of real wages.

The globalized nature of production and innovation means that the benefits don't necessarily stay in the country where the investments are made.

The actual division of labor must be reflected in the division of the rewards (and prices, which is the way the consumer gets rewarded).