Can bankers learn from ants?

The media are saturated with warnings of a possible financial collapse, perhaps triggered by Greece defaulting on sovereign debts and the fear that the rest of the European Union and even the world would follow suit. Portugal, Ireland and many other countries are burdened with unsustainable debt. The United States is facing a credit ceiling and if it does not raise it by Aug 2, it may not be able to pay public servants.

At the same time, media business reports are promoting news on "recovery", "turnaround" and "bouncing back" of companies and economies.

Ironically, while Chinese may feel the least pain from the global financial crisis, there is a new wave of fresh thinking among Chinese scholars and strategists on how development can be truly scientific. What has gone wrong and where could it lead?