Capitalism's good and ugly sides have been on full display in the last few days. On the one hand, there are creative entrepreneurs who come up with products that will not only make them a lot of money but potentially make life much easier and more comfortable for millions of poor and middle-class people. On the other are investment bankers who, well, just make a lot of money for themselves on the back of government support after being party to precipitating a global credit market crisis. The world's cheapest car, the Tata Nano, hit the road in Mumbai on Friday. The ultra-low price tag means many commuters in India's busy and crowded cities will be able to switch from motorcycles to safer vehicles. In a similar vein, more and more 'nano homes' are being built outside populous Mumbai, India's commercial capital and also home to eight million shanty town inhabitants. Low-rise, spartan, made of recycled material, usually waste, the small but efficiently built nano homes may be India's best solution to its perennial problem of providing adequate housing to the poor. On the other side of the globe, a different kind of capitalism showed its face. US investment bank Goldman Sachs announced record profits in the second quarter, so it is setting aside a mind-boggling US$6.65 billion for its employees. One, however, suspects an absurdly large chunk of that will go to dozens of its elite executives. Goldman will enjoy a fabulous pay day because it has just repaid government loans under the troubled asset relief programme, and is therefore free from restrictions on pay and bonuses. Even if one credits Goldman as being the smartest bank in the world, it and other Wall Street financial institutions are able to continue to make money because of unprecedented government commitment - courtesy of US taxpayers - to maintaining the financial sector from collapse. Instead of making useful things, Anglo-American capitalism has 'financialised' its economies. Under former US president George W. Bush, the finance, banking, insurance and real estate sectors together accounted for more than a fifth of US gross domestic product, while manufacturing shrank to less than 13 per cent. Their rationale is that their services efficiently allocate capital to the most productive sources and innovative products help reduce risk. The global financial crisis has proved the opposite. Goldman's bonuses show it is still business as usual; and the world risks more future crises from unbridled financial capitalism.