Transcripts For ALJAZ Growing Pains 20240712

Not the pain of hers to breathe hers hers to move from side to side has to eat please im changing our lives out there if you stick together make some money make everything easier for people because its so much fun as we always did. Another night to protest against racism and Police Brutality has been held in new york state over the death of daniel proved he died after being arrested in march police put a hood over his head in pinned him to the ground a new York State Attorney general has called for a grand jury investigation. And the morals been held in the state of washington for a far right activist who was shot during protests around donaldson was gunned down during a confrontation with black lives not a protest as in Portland Oregon have been protests in portland for a 100 nights now spot the killing of george floyd in may. Elizabeth anchors a professor at George Washington university she says the protest movement has already had a huge impact on American Society the struggles have been going on for decades the struggles themselves arent new i think what we are seeing here is the way in which these protests actually have managed to change quite a few things in a short period of time on the one hand bringing in more people than ever before purchase the port they have changed the language that americans use we now hear calls for funding the Police Coming from you know dinner tables every night where that was not the case just a few months ago and weve seen changes in a lot of different localities where most of the policies about the use of the police and regulations for police there me so we have seen changes in specific locations where we havent seen our the some of the Larger National changes that people are calling for and in part thats because Donald Trumps presidency has staked itself on the claim that it is a law and order presidency by which trump generally kind of unrestrained use of the police which is where a lot of the roach from protesters are now coming into the picture there are concerns mexicos coronavirus death toll could be much higher than previously thought the government says around 122000 more people died this year compared to previous 4 year average is not yet clear how many could be linked to coverage 19. Took his president is warning greece to enter talks of a disputed Eastern Mediterranean territorial claims or face the consequences the 2 nations have been in a standoff for weeks of a competing Energy Reserves where turkeys respecting a seabed area greece claims as its own. You know they also learn turkey has the power to discard maps or documents imposed well understand that turkey has the Political Economic and military might need it to cast off immoral maps and documents imposed by others all projects and match based on faceless plots were ready to clarify this by going through what ever it takes no matter how painful it is whether its a go sheeting table or in the battlefield we the people and the government are ready for possibilities when it comes to any fronts or negotiations weve said that we are ready to share rights according to fair agreement and times. Sudans government has declared a 3 month state of emergency because of weeks of floods that have killed more than 100 people the river nile has risen to levels not seen in a century 100000 homes have been badly damaged and others destroyed since late july the u. N. Warns the situation will get worse as above average rainfall this forecast until the end of september. So those are the headlines the news continues here on aljazeera after growing pains statement and so much of by far. The view growth is something positive. Its great watching our kids grow up or seeing a tree grow. It we always aware of or growth must come to an end. Theres a limit nature knows no such thing as infinite growth this route seems to apply to every kind of growth but one Economic Growth is some. 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 fades to materialize we panic but why. 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. Every reach that point is the system about to collapse. At infinite growth actually be possible. The governments dont want us to even question the g. Word they dont even want to put the 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 he says often one of storm kindness garnished gave a while to be defined as a dimension the of it was not a levels you didnt talk vax storm in stand us. All to god built us fax them style gets built out sucks them into finding and semen is the audience thats us fax them and what is being though is just the politics just senior to looks the most but it went up and and because if not. The d. M. Z. Politique we can come. Thats at least 2 steubenville bellowing but of a fickle. As along as mention of the planet and keep to do with mizuho the box to long 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. It is a drearily part of human nature. It was through all dangers and imaginative use of mass production methods but there was a lot there was able to perform much more time miracle 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 became the single most important policy number. Across the world it kind of symbolizes progress to us sort of says while things are getting bigger so they must be Getting Better that was the birth 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 anti 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. That in the economy in the grace of 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 a thats a situation where growth makes some sense. But the idea that human beings all we want ever is more 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 grow the economy to satisfy human appetites. Playing the 1970s so our growth rate sink for the 1st time due to the oil crisis and other factors the boom was over the market saturated western economies stagnated millions suddenly found themselves unemployed it was uncharted territory. For the 1st time the limits of course became visible economically socially and ecologically. We do have some understanding about growth. In 1982 a group of scholars commissioned by the club of rome presented a report in washington and titled 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 planets 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 grow it 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 and other situation. The club of rome report sold 30000000 copies and became a global sensation. And yet soon this calls themselves came under attack their calculations ready tried as irresponsible fear mongering because its impossible to admit the end except for. The Success Story of growth must continue. Unfortunately many of us call those predictions turned out to be right and in many cases reality even surpassed the bleak predictions. As the cover for all 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 breed us and finally the starving parents. Along the last. Misquoting of one point containing as is new on the nail your. Aesthetician on what audi zome given was a shall not approach government and i. Believe school fair but as the leader of being their god but on knowing that god is following us cie intone for there is the south side as i am the ia wars are the dance of the fuzzy and the keep thing there. Were stamped their heads they are. In as good as us side is blue to cheer us both them fly plimpton the meal you meant them to mean by you. Must or numb was a loss when you see a pick your cup down must own all who are going to wash. Them are. Gap is there by god alone could possibly. Go the sestak lucias ain been a fierce would use it on you losing my. The tropical climate and there were 3. 00 to 4. 00 harvests per year and with that massive profits soy and corn for export an animal feed. Irene 163. 00 is the gateway to the amazon basin at both lumberjacks money and destruction into the forest. Today countless trucks lined the agribusiness highway transporting their valuable cargo to the international ports. They pop. An endless sea of soybean fields enormous silos and slaughter houses through one of the largest regions in the world growth rates of up to 20 percent business. And the seventys is region it was just lived by indians its just amazing forest. 3040 years just off colonization and its the most important region nagra business to country. Its the right place to make new investments to make money. d you carol a good part exported to russia china and the nordic countries. Do you think 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 followed no matter what the cost even if that meant only seeing the prime influences of chinas capitalist. These had been contained after world war 2 because there were hundreds possible 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 cooled 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 transformation in the economics of our society and in particular how we think about grace and how we think about stimulating growth i. Governments deregulated Financial Markets Banks Insurance Companies and Investment Funds going to influence and were now allowed to gamble with currencies stocks even with peoples Retirement Funds capital was let loose and the Financial Sector was flooded with my. Divorce a pact with the devil and the beginning of the slow process of south 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 glummer it and one of the biggest players in the global Financial Markets. Its been fun for 600000000 Oil Different from 400000000 leaving so say shown at 100000000 for the software c. E. O. In the lead so see shown leading via the foresaw good ones oquinn lifeless to she went on my country to so for stay in. The us some. Of figure one inch on base you think you want in box in uk to a little finzi a party for mukesh cotton and the same box to pot its a peon so buy spirit box in investments invest it to one in it will be in an in foster to investments in autobahn and when the tulio in the city take. The summer was one of the 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 knew what was driving us to be seen as we could never knock to a finance if a few of whats in it. Is if your puts and. Miss and via so can and in this t. V. Visteon acts in the movie and its at the law. As a given in the token fini gano ponding given me a in didnt try 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 the chaff to his system to mislead no trick is to stop it going to push it into over the toilet i knew it was an invoice spent 9 as ish much to me id have a torn effects from the forced. Thank you sandy 6 a gothic anointed aiyana wilmas he thought he could hang. Up the sox to a chordal kiss for cost by this thank god to 6 months i thought he shot his sister could always fuck off pun. Another of millions of insured individuals ascend on its way to multiply when andre has group as a 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 their return on that game and the moment 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 there so when you get you take out a loan for example to buy a house that line could end up in a bond 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 friend you 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. A Society Without growth probably wont work at all. Not for long. It would be cherry and to collapse. Without growth societies would 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 governments determine their 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 its due at college for nearly 30 years you were the Successful Fund manager on wall street and in the city of long. Known of times people financial i was a scientist and ive been offered 20 times in pounds to go and stone wall street in 1008. And i was one of the last out something and you know. We went into the new era of reagan 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 controlled atmosphere which we had before and it was 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 financed by increasing wages and tax revenue now it was all about credits governments and individuals whether to take out loans from banks and investors. So that they could be good consumers and thus generate looks good. 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 the 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 the in supply credits in the early eightys it just explodes. Has been access to consumerism and promotion of current consumerism close debt which is created the growth we created and where we are today. The cold logic of the market 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 opportunities in this new era as well as. He made large scale purchases of derelict new york apartment blocks and promised to transform them into next 3 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 no 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. 00 units im building a building is one of the hottest buildings anyones of the scene is just selling like hotcakes when hatton itself is becoming a place of the rich period. The genie was out of the bottle 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. To project knowledge and extra knowledge but they really dont have any more knowledge than. Just mounds of money you know. A politicians playground during election season they say few women volatile period on their body left promises are made and votes are godhood their votes are for sale for your finger to hold for you but were real changes made their way to the lives of the people who work love on leave in this land. On aljazeera. The latest news as it breaks the cowboy airs the black and indian democratic Vice President ial candidate what happened here reveals a nation with a lot of work to do one criminal justice with details coverage theyve been living with the promise of peace for decades and theyre not hopeful itll happen any time soon and feel as journalism from around the world well here is one of the comic eating. Of the week he had their individual read on. On mexicos busy roads there are those whove had enough. Cyclists are taking to the streets on mass. Their objective to make the streets safer alternative cleaner phones of transportation but when it proved to be an uphill struggle for this group of activists over the wheel do you find that on now to 0. Hello im daryn jordan and with a quick reminder of the top stories on aljazeera jacob blake the man shot in the back 7 times by us police has spoken publicly about his injuries for the 1st time blake was left paralyzed after the shooting almost 2 weeks ago in the city of can osha. Its a lot more life to live. Your life and not only just your life your legs some that you need to move around move forward in life can be taken from you like. Staples i state it was in my back state was in my down stomach you do not want to have. 24 hours every 24 hours is pain is not new pain hers to breathe hers sleep has to move from side to side of hers to eat please im james allies out there with you stick together make some money make everything easier for people because its so much fun as it always did. Another night of protest against racism and Police Brutality has been held in new york state over the death of daniel prudes he died after being arrested in march the new York State Attorney general has called for a grand jury investigation. Took his president is warning greece to enter talks of a disputed Eastern Mediterranean territorial claims or face the consequences the 2 nations have been in a standoff for weeks of a competing Energy Reserves fee. Tradition in kenya you know they also love the turkey has the power to discard maps or documents imposed well understand that turkey has the Political Economic and military might need it to cast off immoral maps and documents composed by others all projects and maps based on placeless plots yes we are ready to clarify this by going through what ever it takes no matter how painful it is and whether its a going to go sheeting table or in the battlefield we the people and the government are ready for any possibilities when it comes to any fronts or negotiations weve said that we are ready to share rights according to fair agreements and times. And some news just coming in here British Police have declared a Major Incident after multiple people were stabbed in the center of the english city of birmingham but more on that later so those were the headlines the news continues here on aljazeera after growing pains stage and thats what i feel. And the disease count 15 times on deaths children. Of that. Box truck. Likely to receive any child at least. I. Believe you just leave us to. See. My. Gosh. Give you growth 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 mox recognize Something Else as well it is this growth that will eventually destroy the system itself. And today. Every reach 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. 00 s. Bloomberg 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 in stock market channel broadcast the glad tidings of the free market. Our role in Financial Markets is as a provider of transparency i would provide a huge amount of data you should not have numbers on markets on economies all Companies Providing that chronicle of capitalism tell a story of money vitally important to bloomberg and central to what were about dollars. And not cross dangerous as one of us deported numbers we look for if i say. On their on the state for the economy steady solid growth in Financial Markets do you usually reflected in solid growth. In economics in demand in jobs markets reason is that people feel wealthier if you look at the textbooks there should be no limits to growth but if you look in the newspapers at the moment i get the feeling there is a. Growth in the central question now is whether were in a cyclical slump or theres something structural is going on biggest. By release of systems based upon people remaining to have confidence in the information theyre giving out and the promotion. Of the ideology and 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 theres you know a number of economists marx keynes and pointed out is eventually all these means go on and 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 and 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 high returns and have penetrated every corner of the globe. New ways are constantly thought to expand profits already in the tree in. The road seems to be getting to small for the capital. That. 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 and 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 to live over the last 6 years more than 100. 00 brand new airplanes so its a charge. On airplanes every string days that the changes. Take so. I thought theres a retailer or something to turn the bible belt. Up since i do well to. Walk i thought up thats about to get a lot of that even though were currently it will have a slightly montreux 100 apples. In china they tend to and every year in the range of 10 or 15 in you ample as well to be viewed imagine if everybody cannot fault the travel expenses even the peasant was low cost the business water 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 im asking about the perspective of the market i cannot imagine as a dime ation of this market when i have is a reference of 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 to 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 Lehman Brothers is shutting its doors for good its also i think a necessary part of the clean up 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. To. The long run im confident that our Capital Markets are flexible and resilient can deal with these adjustments for a long time so. I thought. There was a deep shock in the system there 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 that they wasted it instead they did all they could to revive the old system spending trillions of dollars to save the banks. Then something incredible happens the banking crisis miraculously became a sovereign debt crisis drive the debts became public that governments and the citizens are subjected to a stir to policies 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 raf the 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 it 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 may just change crowd are. 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 are 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. To underfund and the new york of all the fun that fastens 1000 mention of the market. Committed by dimensions in them to be detestable to the full interest for i didnt start through tells me its in the pot when that is the hellish defense hot enough housing this is one of the New York Stock Exchange this is a list they absolutely cows it was 1st published it. Is in this its the machine just about wins. We are in jackson cause of death into naming me a given of every chuffed a top not been given im going to name. Just come on the scene and be among the hostages have been known to the i love the shaft with bells on if you have been in long outside but it was a fun time a while kind of talks to me getting tied to given a sinking truck since trying to balance because of dr mark police towels one competition one day. 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 they just look at something not quite right. The way the light reflects off it and as you look more and more places. You see this you see that these cracks go right so the hearts of the model they go right to the heart of the basic ideas of capitalism. Does 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 uk see this is just. Fine lets put it. In the middle on the one with your income and see so often youre. Not tunisia as long as its you just like youre in study of a couple its a good idea ha but the life of the salsa was done on a lot of. Unix boxes been diminished. And vomits but synesthesia unbend us on the on the bad insults you can file to. Understand. This is all by not talk as its box that was on the top is that in the book is thats come close to shore she said. Ever since the Industrial Revolution machines have been replacing human labor thereby causing great societal upheaval its. That until recently they had only replaced the physical labor of humans. Now machines are capable of doing what makes us human soon they are able to think its a completely new chapter in Human History which will have massive consequences on how we live and work. Can Technology Thanks watson can. I. B. M. Watson is a technology unlike any thats come before because rather than force humans to think like an. Shooter watson interacts achievements on human terms. Sepsis 20 students is among the dead because of cognitive least on testes esteem and off to compliment. And dom its going to stop kids and kids i mean so i can see steam in how to bite something lengths unemployments and fulvia not find that to discus some contexts into t. M. Heading into system begins. When time goes the toilet doesnt pass also do not have hospital was just him all talk and on to it. If youre interested in checking if youre a spectator stand a vicious they can express emotion take great great gesture. As well as picture the rights of a Mystery Mission get yes you can be able to do it the right people ultimate goal is to get me to go michael himself role to interact with the thinking of a short. Visit me stop by and zoom in on a farm set up some shuffle and getting tired here i can finish my work. Then never get off damiens i next see a t. V. Ted sometimes thats bullying. And just how different extremists and if an extremist previously. In the future agribusiness and robots might be able to carry out nearly every would seem to previously perform. Of jobs for. These new technologies concerned i think another growth but that much in the way of jobs and that could endanger capitalism and so. 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 on attempted 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 general 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 the us system thats become impossible to overlook so why do we consistently ignore them. This is for t. V. The network was always stuck together for your im done time trusting a lot better now than i was before i had to tell it you know because 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. Michael mcclinton 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 canvas. I know you guys in the media dont like capitalism but you know someones had to pay for the camera and the 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 is 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 no we dont have to think about detailing grace we have to think about making grows Even Stronger we have to go harder for it we have to make America Great again we have we can all be billionaires we can all we have property empires and of course its a little engine but if it goes back to exactly that same simple basic fact we live on a file a planet. That there isnt the space for the dream of this reinvigorated the ranks fetish 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 touting the Economic System they turn to those who have profited from it the most those who continually promise new growth. For these empty promises more and more people are apparently willing to sacrifice democracy and peace and then vironment. Capitalism has 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 there the usual hoarse and dry weather across much of the middle east that is the very wholesome but secular so the eastern end of mediterranean across 3 cypress israel towards syria jerusalem is out temperatures well above the average even a record breaking temperature on thursday and the next few days it will stay very hot temperatures look at this in the mid thirtys celsius against an average of 28 so no real sign just yet of that heat wave beginning to ease elsewhere of course temperatures are higher than that but more expected and will typical for this time of year to the north through the black sea weve seen quite a bit of heavy rain working its way this little system across the black sea nor that i was a turkey and eastwards we could have some heavy downpours at times and of course the last couple weeks we have had some flooding rains across the northern sections of turkey now by monday the rains a little bit light extending for the tools east and all the while the chance of a few more those scattered showers into the fall south and west of yemen temperature wise 36 in doha on monday feeling the very humid with very light winds and central areas of africa plenty of shahs and thunderstorms here but a lot of cloud again has been gathering and pushing across south africa in the last year that will continue to bring the rain across into Port Elizabeth east as it goes through sunday want to showers into mozambique and then eventually through monday it clears away and sunny skies in cape town. After 2 years in office has the pakistani Prime Minister delivered on his promises of freedom of speech its now being curtailed under your watch mr Prime Minister some water is the evidence can you just tell tell you. A stance Prime Minister imran khan talks to aljazeera. Hers to bring her sleep on the move her side to side her eat she could leg speaks after being shot in the back 7 times by police while protests continue across the us against racism and Police Brutality. The best. Known welcome on peter dhabi youre watching aljazeera live from our Global Headquarters here in doha also coming up excess death figures paint a much worse picture of the real scale of mexicos corona virus outbreak