Transcripts For ALJAZ Growing Pains 20240713

Return to major cities to go back to work slowly to start using public transport so the number could spike of the next few days and we do have to watch that closely and at the same time the Chinese Government have continued to implement stricter measures even to prevent the spread of this new current virus we know and who pay for example over the weekend they banned any vehicles from being on the streets that were nonessential be also theyve sealed off many residential compounds in who base specially but also outside of cuban places like they doing residential compounds have one strict entrance which residents can go in and out of if you dont live there you may not be able to enter they take your temperature they ask you where youve been in fact everywhere you go in cities even in beijing miles away of from who pay if you enter an Office Building a shop they take your temperature they take your details and still public. Major public gatherings are prevented parents are of course also very frustrated children have been staying home for weeks now we dont know when schools will go back to normal at least the government has restricted any schools from opening before the beginning of march and parents are starting to buy printers to print out academic materials and textbooks because they believe that this is going to continue at least for months now so there is. This virus although it is concentrated in kuwait portmans it has been massively disrupted to everyday life. Meanwhile 2 aircraft evacuating u. S. Citizens stuck on a cruise ship with hundreds of people infected by a corona virus on board have now left japan but those who are eliciting behind 355 passengers tested positive for the virus among them 44. 00 u. S. Citizens will be treated in japanese hospitals and in the last hour or so australias Prime Minister said that his government will send the plane to evacuate its citizens on board the ship a un envoy describing the arms embargo on libya as a joke Foreign Ministers from 13 nations discuss the ban at the Munich Security Conference they agreed not to interfere but many states have been involved in the conflict syrian state media is reporting that Government Forces backed by russian warplanes of seize most of the aleppo province as part of the governments offensive to take the Northern Region including at least province pakistan and the Un Refugee Agency are holding a conference to highlight the challenges facing millions of afghan refugees its estimated more than 2000000 live in pakistan some have been displaced since the 1979 soviet invasion violence makes returning home dangerous but a Repatriation Program is set to receive next month india has rejected an offer by the un to mediate in the kashmir dispute your delhi says its a bilateral issue un secretary general antonio Good Television made the offer during a visit to pakistan islamabad been lobbying to put pressure on india after it withdrew the autonomy of kashmiri territory under its control and im deeply concerned about the increased tensions that we have witnessed last year i have repeatedly stressed the importance of exist sizing maximum restraint and taking steps to deescalate bills militarily and. While regulating my offer to exert size my good offices should both sides us. Diplomacy and dialogue remain the only tools that get in to peace and stability and details are emerging of a massacre in cameroon at least 22. 00 people including 14 children were killed by armed groups on friday the attack happened in the farming village of garbage in the north west theres been fighting with you know rebels and the government in the area over a push to create a separate English Speaking nations well those are the headlines the news continues here on aljazeera after growing pains station thats a watching. What. They view growth as something positive. Its great watching our kids grow up or seeing a tree grow. It we always aware that all growth must come to an end. Theres a limit nature knows no such thing as infinite growth this rule seems to apply to every kind of growth but one Economic Growth is somehow supposed to continue indefinitely. We believe them and now there are no limits to growth and Human Progress when men and women are free to follow their dreams and we were right. If that growth fails to materialize we panic but why. Does one person recognize the 150 years ago growth is the fundamental principle of our Economic System. Capitalism only works when the economy grows but calm mocks recognize Something Else as well it is this growth that would eventually destroy the system itself. And today. Have reached that point is the system about to collapse from an infinite growth actually be possible. The governments dont want to even question the g. Word they dont even want to put a discussion around growth if youre looking at this from the outside it an alien arriving from outer space and youre looking at the society. You would really wonder what was going all what are they doing what what is this gross that has to appear in every political sense on some is the basis of every economics textbook what is it all about is it or is it a religion that they have is the god that theyre chasing is the virus thats taken over them. What is this visceral fia that emerges as soon as growth starts to go away. And exertion off to one of storm kindness garnished gave a while to be defined as a dimension the of it was not a levels you can talk back storm in us. All to god just fax them style gets built out sucks them in spine and semen is the audience thats us fax them and what is being that was used. To but it went up and and because if what. Mediums the politique can come. Thats at least to bail on a bit of a fickle. Its a long as mention of the planet and keep to do with mizuho ville is boxed only in a huge how does faith in the one up in the above you just read off. Where does this unshakable belief in Economic Growth come from. Is it always been there. As a drearily part of human nature. It was through all those years under imaginative use of mass production methods but there was a lot there was able to perform much wartime miracles to build more planes but all the United Nations put together to turn our ships at the rate of 200. 00 a month ships which carried over the years beyond might of the United States to decide the outcome of a war. The Success Story of Economic Growth began during world war 2 mass production of tanks and aircraft let the American Economy out of crisis the output of military equipment was now calculated by a new statistical measure of Gross Domestic Product or g. D. P. If production i. E. G. D. P. Grew and so did prosperity americans believed so firmly in this new formula that they compel their allies to bring they cannot make policies in line with it from then on it wasnt peoples incomes that counted it was only growth and it turned out to be such a useful measure actually for the war effort and for understanding the war effort that off towards it became the single most important policy number. Across the world it kind of symbolizes progress to us soldiers says wow things are getting bigger so they must be Getting Better that was the us of the g. D. P. In the 3 decades after the war the western economies grew up to 8 percent and in the u. S. They called it the golden age of capitalism in france they were the 30 glorious years in germany it was the economic miracle an entire generation enjoyed material prosperity and full employment and this became engraved in the collective consciousness even though these high growth rates were only made possible by massive water destruction the believe in growth was now unstoppable. G. D. P. Became the most important benchmark in history. And the economy in the grace of the economy was doing a good job force when when we were young if you like when as an economy as a society we were young and one of the really important things to say is that there are some societies where that is Still Necessary where you still need that growth where you still need food clothing and shelter whether very very poor undernourished People Living on less than the price of a skinny latte from the cafe downstairs and thats why thats a situation where growth makes some sense. But the idea that as human beings all we want is more and more stuff doesnt really stack up so after a certain point you have to ask yourself well how much is enough how much how much more do i need to great economy to satisfy human appetites. The 1970s her growth rate sink for the 1st time due to the oil crisis and other factors the boom was over the market set your rate its western economy stagnated millions suddenly found themselves unemployed it was uncharted territory. For the 1st time the limits of girls became visible economically socially and ecologically. We do have some understanding about groet. In 1982 a group of scholars commissioned by the club of rome presented a report in washington and titled the limits to growth using a computer simulation such as that mit had calculated for the 1st time what continues Economic Growth would do to the planet theyre finding set off alarm bells around the world when resource consumption is doubling every 20 years for the 1st time people were confronted with the fact they can only growth could also have negative consequences and that the planets natural limits would soon be reached the Success Story of growth was in crisis weve reached levels of prosperity which carry the seeds of disruption and necessitate a complete relook at the whole world social political novel situation. The cup of rome report sold 30000000 copies and became a global sensation. And yet soon this cause themselves came under attack their calculations ready tried as irresponsible fear mongering because its impossible to admit the end except. The Success Story of growth must continue. Unfortunately many of us call us predictions turned out to be right and in many cases reality even surpassed the bleak predictions. As the cover from reports was causing an International Uproar the brazilian rain 1st in the amazon basin was doing nearly untouched the huge brazilian state of much of grosso largely populated by Indigenous People consisted of forest and 70 today not much of that is left since the mid eightys progress aided by International Investors has been eating away at the rain forest 35 football fields of forest disappear every minute its been the same story over and over again lumberjacks moving 1st. Thank Cattle Breeders and finally the starving parents. Following that last. Misquoting of one point containing as is new on the nail your. Aspiration on what ought is known given the pledge government and i. Believe school fair but as you live out of being there god but on knowing that god is following watching you eat intone beareth us as odd as. The ear wars or the dance of the fuzzy and the keep thing there. Were stamped their heads they are. In as good as society as bill de gea of us both them slide plimpton the meal you meant them to mean by you. Must or gnomes the last one you see a pick your cup down must own all who are going to wash. Them are. Gap is there via i dont keep pasta. Daughter says the glue she has been a fierce would look to said one you losing money. The tropical climate and there were 3. 00 to 4. 00 harvests pay year and with that massive profits saw and corn for export an animal feed. I mean 163 is the gateway to the amazon basin it was number jacks money and destruction into the forest. Today countless trucks lined the agribusiness highway transporting their valuable cargo to the international ports. They possum and the sea of soybean fields enormous silos and slaughter houses through one of the largest boom regions in the world growth rates of up to 20 percent business. And the savage piece is region. It was just. Its just amazing forests. 34 years just off colonization and needs to most important region nagra business off the country. Its the right place to make new investments to make money. d you carol a good part you could export it to russia china and the nordic countries. Do you see any limits know the limits of the disk i have and the limits. In response to the crisis of the seventys Economic Policy underwent a change of course new growth had to be found no matter what the cost even if that meant only seeing the prime and forces of chinas capitalist. These had been contained after world war 2 because there were hundreds possibility of the Great Depression and the war itself. Monetarism was a new magic word. Among them was the idea that if you put more money into the economy liquidity it was told that additional money in the economy would help really best that would help give a small production that would allow us to consume more goods and we would get growth back again so this little hiatus if you like in the seventys primarily caused by the oil crisis led to a a transformation in the economics of society and in particular how we think about right now we think about stimulating growth i. Governments deregulated Financial Markets Banks Insurance Companies and Investment Funds games and insurance and were now allowed to gamble with currencies stocks even with peoples retirements funds capital was that lose and the Financial Sector was flooded with my. Divorce a pact with the devil and the beginning of the slow process of self disempowerment in exchange for growth governments relinquish the power to Financial Markets but who do we mean by Financial Markets and capital and what does it all have to do with us. The Allianz Group is europes biggest insurance co and one of the biggest players in the global Financial Markets. Its been fun for 600000000 oil the from from 400000000 fiddle even so say shown at 100000000 for the softness you know in the lead so say showing leading via the foresaw good ones oquinn one fist to she went on my country to so for stay in. The us some are spirit of figure one inch 0 and base your pick your own and box in uk to it it will fit in c. A plenty for mukesh cotton and the same box to pop its a peon so buy spirit box in investments invest its own in it will be and in foster investments in autobahn and when the tulio in the city take. The subtle eyes more than positive closed in in china therefore also a show although some kind of one of the growth. In the developed markets in europe and us. They also know new trials to be seen which we could never knock to a finance if a few of whats in it. Does if you puts end to high fashion mission via in so going to invest even the high sheen visteon i sucked in him obedient its at the law. As a given in the token fini gun opining given that mia in didnt train and then he can and then who will his facts to mean decent and none mukesh who will have to knock and i defend it and thats after his sister to mislead trick is to stop it going to push it all into over that i never was an invoice spent 9 as ish miche to me id have it torn effects from the forced. Thank you sandy 6 a gothic and going to go yacht it will miss he felt he could touch up the sox to record all kiss for cost by this thank god to 6 months i thought to. Look for cost beyond. The mother of millions of insured individuals ascend on its way to multiply when andre has group as team has a rough idea to which countries and sectors the billions that flow they hire an asset manager he determines what stocks or bonds to invest and. Most of our clients are institutions what they want is they want their their money invested in the Capital Markets. Our customers expect their capital to be returned they want their money back and they want to return on that game and the world there is another agenda. Well why im commander just 1. 2 trillion euros obvious its and in germany were managing 490000000000 euros of assets. The Financial Markets they have a social role in distributing peoples savings towards investment and that investment is usually a form of debt so when you get you take out a loan for example to buy a house that line could end up in a bun and we could end up buying that phone so growth is important so that individuals and companies who borrow money in the Capital Markets can actually pay those lines back. Off of this free trade when he said 20 just. Imagine a world with 0 growth thats a world in in which pretty much everything gets frozen if you havent got a job in this new world with no growth bad luck. Youre going to have to wait for somebody to retire before maybe you get their job. And Society Without growth probably wont work at all. Not for long. It would be cherry and to collapse. Without growth societies will descend into chaos according to the financial and political elite. But is that really the case isnt it rather the blind faith in growth that leads us to chaos. In the eightys the world of finance operating from the city of london and wall street increased its influence and governments and societies and became the driving force of capitalism today Financial Markets not governance determine the wellbeing of enteric countries. How did it come to this how could Financial Markets gain such influence over our lives. One person who knows the financial world better than almost anyone else you have culled for nearly 30 years you were the Successful Fund manager on wall street and in the city of london. No i never once people much when i was a scientist and ive been offered 20000 pounds to go and stone wall street in 1008. And i was one of the last i was the beginning of. And we went into the new era of Reagan Thatcher and liberal trade the socalled big bang in the city was all about financial deregulation lets go let the market decide and lets hire people and lets see what happens yes i suppose this really kind of control that is here which weve had before and it was that that we walked into where money now talks now money wins and you need people small people to trade the markets and make finance the powerhouse behind capitalism which is supposed to be. The plan seemed to work the stock markets built roads no longer needed to be fine. Bank raising wages and tax revenue now it was all about credits governments and individuals were to take off loans from banks and investors so that they could be good consumers and thus generate brookss. Credit cards come along overdraft so to use lending for houses becomes widely available and its at that point that explodes that now its not just a very wealthy have access to all these things consumerism is now people lower down the income scales as well and if you look at money supply in that and supply credits in the early eightys it just explodes the ng and. The ng has been access to consumerism and promotion of current consumerism post debt which is created the growth we created and where we are today. The cold logic of the markets took over producing winners and losers. One of the people who knew best how to profit from this new logic was donald trump. I really think i have an instinct but i dont think its the instinct shark i think its the instinct of of maybe getting what i want or knowing how to get what i want. Only if you recognize the profit of that unitys and this new era as well as donald trump he made large scale purchases of derelict new york apartment blocks and promised to transform them into Luxury Hotels and apartments to see financing from banks high on the market boom and through the largest tax break in new york city history trump himself had practically nothing more happen is an incredible place where you build a huge building in a sold out in a matter of days i mean you know you build a building with literally 3 or 400 units on building a building is one of the hottest buildings anyones at the scene is just selling like hotcakes when happiness else is becoming a place of the rich period. The genie was out of the bottle and the brave new world of finance or capitalism could no longer be constrained and great efforts were made to set it as a controllable and secure system. The whole industry is based around a kind of illusion and the illusion of certainty there is a vested interest if you like inside of the system is to project knowledge and extra knowledge. But they really dont have any more knowledge than. Gives you a deal dead and did you get the peace prize too soon. Is this going to hurt or help Donald Trumps reelection chances and in theory for one thing you could shoot somebody on 5th avenue and not have any consequence this is not a muslim issue this is a human calling the issues join me man in the hot sun as i put up front questions to my special guests and challenge them to some straight talking to go debate here on aljazeera. Water an essential resource for all humankind across europe pressure to recognise water as a human right and put its management back into public hands is increasing i think that the European Commission would be very very chambers was promised as asian on anybody they really feel. Those people who see every 2 years something to invest the profit of a 1. 00 up to the last drop on aljazeera. Aljazeera. And on. And on down in jordan in doha with a quick reminder of the top stories here on the aljazeera the number of new coronavirus cases in china has risen after 3 days of decline nearly 2000 more people were infected on sunday thats a rise of nearly 5 percent 105 deaths were also reported raising the total number of dead on the mainland 217700 katrina you has more now from beijing. We do have to remember that these are official figures so we do have to take them with a grain of salt they of course could be much more cases but it does seem at least that though the numbers of cases are rising inside who by the numbers outside of who pay off walling we do have to remember though that today is monday in china its a new working week and we are expecting many more people millions of people to return to major cities to go back to work slowly to start using public transport so the number could spike of the next few days and we do have to watch that closely meanwhile 2 aircraft evacuating u. S. Citizens stuck on a cruise ship with hundreds of people infected by coronavirus on board have now left japan but those who are ill a staying behind 355 passengers tested positive for the virus among them a 44. 00 u. S. Citizens will be treated in japanese hospitals australias Prime Minister has said that his government would also send the plane to evacuate its citizens on board the ship a un envoy describing the arms embargo on libya as a joke Foreign Ministers from 13 nations discuss the ban of the Munich Security Conference their greed not to interfere but many states have been involved in the conflict syrian state media is reporting that Government Forces backed by russia have seized most of the rebel held province of aleppo is part of the governments offensive to take the region including it. Pakistan and the Un Refugee Agency are holding a conference to highlight the challenges facing millions of afghan refugees its estimated more than 2000000 live in pakistan some have been displaced since the 1979 soviet invasion. At least 22 people including 14 children were killed by an armed group in cameroon on friday attack happened in the farming village of garbage in the north west theres been fighting between rebels and the government in the area. To create a separate English Speaking nation. For those with the headlines the news continues on his era after growing pains so youve done so much about a month. More on. The view growth as something positive. Its great watching our kids grow up or seeing a tree grow. It we always aware that all growth must come to an end. Theres a limit nature knows no such thing as infinite growth this ruth seems to apply to every kind of growth but one Economic Growth is somehow supposed to continue indefinitely. As one person recognized the 150 years ago growth is the fundamental principle of our Economic System. Capitalism only works when the economy grows but call marx recognize Something Else as well it is this growth that will eventually destroy the system itself and today. That point is the system about to collapse. At infinite growth actually be possible. The Bloomberg Company from new york place a central role in the Financial System since the 980 s. Who has provided Stock Traders and bankers with lightning fast Price Fluctuations and finance data from around the globe making it one of the worlds most influential media companies. Around the clock Bloomberg News agency and stock market channel broadcast the glad tidings of the free market. Are rolling Financial Markets is a provider of transparency i would write a huge amount of data about a numbers on markets on economies all Companies Providing a chronicle of capitalism telling the story of money vitally important to bloomberg and central to what we about dollars Economic Growth dangerous is one of most important numbers we look for if i say. Score on there on the state for the economy steady solid growth in Financial Markets do usually reflected in solid sustainable growth. In economics in demand in jobs markets reason is that people feel wealthier if you look at the text books there should be no limits to growth but if you look at the newspapers at the moment i get the feeling there is or is a great growth in the central question now is whether or not a cyclical slump or theres something structural is going on up biggest. I release Information Systems employees are based upon peoples remains have confidence in the information they giving out and the promotion. Of the ideology in the narrative which finance is based around which is increasingly become this kind of game show croce things. For a period time everybody wins. And then as you know a number of economists marx keynes are pointed out is eventually all these means. Broadening the question. To those heavy lobbying by the Financial Sector on the government to ensure actually that this Financial Sector growth could continue and governments believe that it was in the interest of the economy because everyone told the monitors and told them that if you had all this liquidity in the system then you must be growing your real economy but actually what was happening within that system rather was that you freed up all this money which was then used to bet on the increases in the value of Certain Companies and certain shares and of money itself in the system and the people who were doing that betting were not only profiting from it but they were also the only people who were regulating the system so it created a huge unstable an incredibly. Equal system in which the rich got very much richer really very fast. For decades society has been transformed into an enormous market to which theres allegedly no alternative. The huge sums few in the Financial Markets scream for hire jones and have penetrated every corner of the globe. New ways are constantly thought to expand profits already in the tree as. The road seems to be getting to small for the capital. When i was a kid i couldnt afford to fly in an airplane i actually joined the air transport industry before i ever flew in here. Today people take flying for granted it shaped the way we buy goods it shaped places people go to shape the meetings between people in different cultures. Over the next 20 years we expect the world to meet 32000 new civil aircraft. At the moment around 1000000000 of the people who live on our planet fly by air regularly. The remaining 6000000000 dont yet fly by air and its these people who will be tomorrows passengers and tomorrows customers in addition for those of us in developed countries who take flying for granted. Have delivered over the last 6 years more than 100. 00 brand new airplanes towards airlines charge. On airplanes every string days there are changes. That take something. I thought theres a retail bad or something to turn the back well we all laugh sometimes you are well. I thought i was how much about you get the money that you are currently we have slightly montreux 100 apples in china. And every year in the range of 10 or 15 in you want to be 0 imagine if everybody. Now for the travel expenses even the president was low cost the business walter a worker is willing to travel by the marketing is fantastic you cant imagine and i i already seems that this is a sign of that thats why when i look at it every time know im asking about the perspective of the market i cannot imagine a dime ation of this market where ny hands of reference 1400000000 which is even more important than the whole of europe and more apt to think means more pollution what do you do about that. We made every single effort to try to reduce as emissions but if we look at it as a social benefits and as economic benefits as education industry or bring to the humanity and then people may think differently we. Are trying to make as well as smaller and smaller. To make it a real village. For decades growth was kept on life support with that only if you had the courage to say that the party couldnt go on forever but no one listened to them. In september 2008 the time had come the house of cards collapsed its a black monday for the American Capital market despite dramatic rescue efforts over the weekend all efforts to keep the worlds 4th Largest Investment Bank alive have failed lehmann brothers is shutting its doors for good its also i think a necessary part of the cleanup process i mean we knew it was weak we expected to go its not going in the way that people expected it to but its gong. The long run im confident that our Capital Markets are flexible and resilient and can deal with these adjustments for a long time so that. There was a deep shock in the system it was a sense of my goodness we cant let this happen again governments have to have a better handle on this system and for a while there were attempts to do that it lost it probably a matter of a few months in fact by the end of 2009 and into 2010. The very same companies a been responsible for some of that disaster was still engaging in those same kinds of risky trading procedures that for a while had been stopped in the wake of the crisis and we learned a lesson. But then we forgot it again. The financial crisis was a huge opportunity for governments to free the world from its dependency on Financial Markets and to change the system. They wasted it instead they did all they could to revise the old system spending trillions of dollars to save the banks. Then something incredible happens the banking crisis miraculously became a sovereign debt crisis dr addends it can public debt governments and the citizens press objected to a sturdy policy is under which millions of people suffer to this day. Thanks and stock markets however to demonstrate a sense of normalcy as soon as possible in reality nothing is as it seems kept the business of after crisis that no longer functions like it once did. Even though its not as busy as it used to be this is still the center of capitalism you can look at all the tourists who are outside the building taking pictures they all still believe this is the center of capitalism its a symbol of something that means something to that. 10 percent im sort of like the weatherman for the stock market i come in every day and try to figure out whats going on in the stock market i talk to trading desks i talk to analysts i talk to people who know a lot about the stock market and i go on the air and on the internet and explain whats going on. Remember the s. And p. 500 is down one and a half percent this month you have very clear market leaders and the reason weve had it is because of better prospects for earnings in the 4th quarter remember what the market leaders have been energy tech events lagging today energy tax and banks thats interesting theyre mixed. But its you know if i mean just changing prouder. Human beings want stories they dont want an endless list of numbers nobody is impressed with a list of numbers they want to know. Whats going on tell us in plain english what the markets for doing and thats the real skill set and often thats not easy because things are very complicated. People have always claimed that capitalism can be evil and capitalism doesnt help people i completely disagree what i see in the last 150 years is millions of people have been lifted out of poverty i personally am a true believer and still believe that the system works well and im committed to that system. At the underfund and the new york about the van that fell from 2000 mention of the market. Committee of dimensions in time to get attention because youre going to just fall into a dozen shots which tells me its in the wind as the hell is different than the housing was in one of the New York Stock Exchange this is a list the average i was in was 1st published it. Is in this its the machine just about wins. We are in jackson cause the death had just eaten by the want to name in me a given of every old shaft a top not been given and is going to name well. Lets come on the awful scene and be among the hostages have been known to the i love village often belzer if you have been in with our side long outside but it was incontinent of our kind of talks to me getting tied to given a sinking truck since trying to balance because of dr mark police towels on top of the funding bill just one day early keyed up. I think what weve seen over the last few years is cracks in the in the shiny surface of capitalism. And the 1st thats what they look like you know the. Just look at something not quite right the way the light reflects off it and thus you look more and more closely. You see this you see that these cracks gay rights of the heart of the model they go right to the heart of the basic ideas of capitalism. Capitalism is to work. The system deliver what it promises. Providing growth jobs and prosperity for all. The on both sides because your new Smart Factory in the sea this is just. A little. Bit on the couple this year in cancun and she said of all to. The traditions this one gets you just. In study of a couple of the hobbit like a little slow. Down on the lawn with a. Unix box been diminished. Bob its bets in the city on the bend us on the on the bad insults you can find dont understand and this is all fine not to because it sparks what was on the tube is thats been the truth is its come mostly for she said. Ever since the Industrial Revolution machines have been replacing you label them by causing great societal upheaval its. That until recently they have only replaced the physical labor of humans. Now machines are capable of doing what makes us humans unique yeah able to think its a completely new chapter in Human History which will have massive consequences on how we live and work. Cant. Technology thanks watson can. I be im watching is a technology unlike any thats come before because rather than force humans to think like a computer watson interacts achievements on human terms. So its just interested into the mind with him because cognitive often stunt this jesus too much and off to compliment him. On dom its even a start in kids and then get an insight and system in how to bite something lengths unemployments in full view not find the discus something contex into teevan heaven into system begins. When time goes entirely deceive us also do not have hospital was just him all talk and on to it. If youre interested in checking it that youre a spectator Standing Ovations it makes this whole notion take great great gesture. As well as picture the rights of a Mystery Mission get guess who can be able to do it the right people will do is to get it to me michael itself will interact with the thinking and showing. You visit me stop by and zoom in on a farm said bob so shuffle im getting tired here i can finish my work. Then never get off the indians i nuclear t. V. Ted sometimes thats bullying. And just how true in extremis affair next to him is prevailing. In the future agribusiness and robots will be able to carry out nearly every would seem to ask previously performed by. Mans of jobs who. These new technologies like to connote growth but like much in the world. And that could endanger capitalism itself. To be able to purchase all the nice things mass produced every day and there are not enough people who can pay for them with their wages. In Financial Markets algorithms have long since been running the show computers interact with other computers and fractions of seconds without any human input. In this room thats what we do here we have an on off switch right was theres really no human in our bench and i really dont believe in leaving the room. And letting you know something trade unintended its about being there with the creation you know youve worked on. You know even if i dont i dont know you dont control it but you watch it is it doing everything they designed it to do there are many mathematical models that come out of fields such as horse betting that are used and our business as this kind of fundamental pieces of Algorithmic Trading we somehow project and then our couple this society this idea. That that this is a safe environment for people to build up their rear tire met time is actually a hyper competitive environment and. Depending on the product theres theres you know sometimes i feel safer going into a casino than trading certain products in our space i mean. It is a very different world than the way its advertised to the child public. Financial markets out of control and no longer have any connections to reality. While algorithms and robots produce growth they only provide work and prosperity for a few and its this growth thats destroying our future on the planet. The signs that something has gone wrong with our system that become impossible to overlook so why do we consistently ignore them. This is for t. V. The network was all the stuff together for your. Time dressing a lot better now than i was before i had to tell it you know because they they even hire you style you know i mean. You guys look like so you obviously dont know what im talking about but you know this is a really nice quote. I call it the most powerful name in Financial Television wall street week his back yes the news guy bridge actually purchased the rights to wall street leaks i view myself as a capital artist ok this company that ive created is my campus. I know you guys in the media dont like capitalism but you know someones had to pay for the camera and a microphone so i mean at the end of the day the capital system is the only system that weve been able to design that works. Lets talk about growth ok there is a perception right now in these elitist academic salons ok now were not going to grow anymore well thats just flat out wrong if you study 5500 years of Human History we know that human beings are designed to have great intellectual curiosity and to innovate there are so many things that were going to do over the next 50 years thats going to shock everybody in terms or keep ability were going to pull asteroids down from the Asteroid Belt or a load of platinum that would be where the 1st trillionaire comes from were going to unlock the ability to stop aging or destroy cancerous cells in our bodies all of this innovation is ahead of us and theres a tremendous opportunity for growth. Thats a sense of desperation so this strategy that we dont want to base a realistic in the world we would much rather have. You know a total fantasy for our guiding star we would like to have this vision that we dont have to think about kids hailing grace we have. To sing about making grows Even Stronger we have to go all the 4 we have to make America Great again we have we can all be billionaires we can all we have property and of course its a legit i think it goes back to exactly that same simple basic fact we live on a finite planet that there isnt the space for the dream of this reinvigorated the regs fetich this is. Just. We live in extraordinary times our world is becoming increasingly complex and many are disappointed to find that they are worse off than they used to be. But instead of doubting the Economic System they turn to those who have profited from it the most those who continually promise new proofs. For these empty promises more and more people are apparently willing to sacrifice democracy peace and then environment. Capitalism is reached a new level of escalation but its no longer suited to the world we live in. Its and its closer than we think. Hello its time to take a look at the weather across the levant and the middle east region you see all this area of cloud thats developing into quite a snow feature of the next 24 hours so as run the forecast you can see quite a bit of snow across the far east of turkey far northeast of iraq and through north and iran and temperatures really striking the advantages to tehran maximum of 9 degrees further south is looking fine nice weather conditions here in doha max and 25 degrees with light winds heavy on through into choose day much of that snow clears away so dry conditions here but still some pretty low nighttime temperatures well into negative features in the across eastern parts of turkey temperatures in tehran expected to recover into double figures at least and again temperatures rising here around the Arabian Peninsula too by the high of 28 degrees heading into central parts of africa weve still got quite a few showers shop across parts of tanzania also were expecting some pretty heavy downpours further towards the west across democratic republic of congo and also for the Central African republic. Is expected to continue during the course of choose a somebody prolonged downpours expected here should be brought in kampala uganda highs expected to reach 27 degrees celsius. Informed opinions the economy is actually whats keeping donald trump afloat right now and indepth analysis of the days headlines the protest movement is only getting stronger the more people who kill the more resilient the resistant they will become the inside story on aljazeera. Trouble began at the end of the countrys civil war when most people started returning home from refugee camps. There are more more who are strapped and killed during a demonstration in 2017 is buried right here in. The middle of the street was a sign of resistance to the Mining Companies and government just said in your. News and displacement between the communities the Mining Companies and the government has now escalated to west africas Regional Court the community has taken its case before west africa. Because they say the people who are using the justice system. The. The u. S. Evacuates hundreds have been quarantined for weeks on board a japanese cruise ship because of the coronavirus. Carry this out of their life and also coming out syrian Government Forces have made significant gains on rebel held areas around aleppo plus. This was an agonizing decision for us and one that we didnt make the lightly or easily. General motors announces it will shut down plants and pull out of new Zealand Australia and thailand. Also we take a look at our painting a different vision of the