Transcripts For ALJAZ Growing Pains 20240712

That are kind of all over the camp. Yes corona has been identified in this camp in recent days and the number of confirmed cases have been rising many of the asymptomatic people have been put into a quarantine area on the far eastern side of the camp and that area earlier this evening was attacked by individuals who seemingly do not believe that corona is actually in the camp and that it is being seen as a reason to continue a 6 month lockdown in the camp some attacks on some vehicles to move people out of the camp or to move them around ensued and some of the people that were in this current team area were fleeing from that violence and in the process of that several fires were set on the perimeter and then now those fires have been set inside the camp also office for the asylum seeking process takes place is on fire our students living quarters are on fire. Numerous people have been evacuated from the area of their own accord or are now by authorities the space that was created for quarantine was for anyone who had recently tested or had been potentially connected to anyone who had tested positive all those cases were asymptomatic and they were just basically quarantining them off to the side for 14 days so once you know once night falls its kind of not necessarily you know aggressively policed and in this area some individuals gathered and started arresting some of the people that were inside and some sort of violence ensued the images and the photos and the stories that are coming back from our students are that you know this violence has just kind of turned into kind of a full scale riot. Trials for one of the leading coronavirus virus vaccines have been put on hold astra zeneca says a patient has a potentially unexplained illness which will need further investigation the pharmaceutical giant is working with Oxford University to develop that back scene which had begun late stage testing last week thousands are taking part in the trial in the u. K. U. S. Brazil and south africa helicopters are rescuing more people stranded by huge wildfires in the u. S. State of california dozens of residents were airlifted out of areas blocked off by nearby fires california has seen nearly a 1000 wildfires since mid august mostly started by lightning strikes the states fire Agency Spokesman says its alarming just how early the season began this year the police chief and other Senior Officers in new york states rights to city have announced their retirement as criticism grows over the departments handling of an unarmed black man named daniel prudes arrest there have been protests after details emerged about prudes subsequent death back in march. A prominent belorussian opposition politician tore up her passport and jumped out of the car to prevent being expelled from the country thats according to allies of Maria Kolesnik over who was detained at the border with ukraine after reportedly being forcibly taken there earlier she was seen being snatched from the streets in the capital minsk kolesnik over has played a key role in organizing mass protests against president alexander knew her sanka shes insisted she will not leave bellerose that voluntarily but talking to Russian Media president claimed it was a fleeing to ukraine. Many have called it genocide now 2 soldiers from myanmar may have provided the evidence needed to bring a case to the International Criminal court there are reports the 2 men in the hague in what could be a breakthrough in the search for justice over the killing of Muslim Advocacy Group Fortify Rights says it seen taped confessions from 2 soldiers admitting to massacres rapes and the destruction of raping the villages well those are the headlines i will have another news update for you here on aljazeera after growing pains to stay with us. Youre. The view growth of 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 believed 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. Has one person recognized the 150 years ago growth is the fundamental principle of our Economic System. Capitalism only works when the economy grows but col marx recognize Something Else as well it is this growth that will eventually destroy the system itself. And today have reached that point is the system about to collapse or might 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 grace if you are 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 off to one of the Storm Congress 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 the tough facts them style gets built out sucks them in spine and i see him in his eyes the audience votes outfox them and what is being though is just the politics just senior level of excellence to buddy went up and and because if what. Mediums he politique can come on thats at the veil on a bit 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 fit 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 dream part of human nature. It was raw data was under imaginative use of mass production methods but there was a lot there was able to perform much more time marable 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 can elect 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 the officer would step 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 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 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. To end. That and the economy and 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 a thats a situation where growth makes some sense. But the idea that human beings all we want 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 sing 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 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 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. The Success Story of growth must continue. Unfortunately many of us called us 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. Following that last. Misquoting of one point containing as is new on the nail your. Aesthetician know what audreys gnome given weezer the pledge government and i. Believe school fair but as the leader of seemed to get out upon knowing that god is following the cie intone there is this as id as i have the ear wars or the dance of the fuzzy and the keep thing there. Were stamped there has there. Been as good as society as bill de gea of us both them slide clinton the media you meant them to mean by you. Must or numb was a loss when you see a pick up doll most of all who are going to wash. Them are. The gap is there by god alone could possibly. Go the sestak lucias ain been a fierce with who said one youve got a fish losing money. The tropical climate and there are 3. 00 to 4. 00 harvests per year and with that massive profits soy and corn for export an animal feed. I mean 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 courts. 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 savage piece 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 off the country. Its 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 no limits discuss they 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 and falseness 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 cool that additional money in the economy would help really best that would help give a small production that would allow us to consumable 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 right now 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 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 ends 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 leaving so see shown at 400000000000 for the softness you know in the lead so see shown leading via the foresaw good ones oquinn one fist to she went on my country to so for stay in. The us. Of figure one inch on base your pick your own inbox in uk to it it will feel insecure. And the same box to part its a peon so buy spirit box in investments invest it to one in it will be in an in foster investments in autobahn in when the tulio could detect. The subtle eyes more than positive closed in in china therefore also a show although some kind of one of them both. In the developed markets in europe and us. They also know knew what was driving us to be seen when we could never knock to a finance if a few of whats in it. Does if you put sand. Missed in via so going to invest the high sheen visteon i sucked in the movie and its at the law. As a given in the token fini gano ponding given me a in didnt shred and then he can and then who will this fax to mean decent and none mukesh to the left eye doc and. I defend it and the tough to his sister to mistake no trick is to stop it going to push it over and over that the toilet i knew was an invoice spent 9 as ish much to me id have it torn if i was to meet forced. Thank you sandy 6 a gothic anointed aiyana will miss he felt he could think. Up the sox to record all kiss for cost by this thank god to 6 months i thought to. Look for cost beyond. The number of millions of insured individuals its sent 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 in. 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 a sense of. 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 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. A Society Without growth probably wont work at all not for long. It will 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 kept us today Financial Markets not governments determine their wellbeing of anti 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 this year at college for nearly 30 years he was a Successful Fund manager on wall street and in the city of long. Known of plants beautiful mucha 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 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 control that is here which weve 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 rather take out loans from banks and investors. So that they could be good consumers and thus generate. 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 of that unit hes in 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 he received financing from banks high on the market boom and through the largest tax break in new york city history trump himself had practically nothing moved heaven 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 im building a building is one of the hottest buildings anyones of the scene is just selling like hotcakes and then 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 is to project knowledge and extra knowledge. But they really dont have any more knowledge than. This is one of them sounding the alarm revolutions and all of this makes our planet great that we have to meet the c o 2 emissions targets electric cars are made mitchum in motion they need to be mined sure people are just talking about the sellers if thats going to solve the problem at hand the world of business and commerce is driving the Energy Transition is the promise of clean energy an illusion the dump side of green energy. On aljazeera. 1967 and the 6 day war was at its height a u. S. Spy ship the u. S. S. Liberty monitored the conflict from International Waters suddenly she was attacked by the warplanes of americas closest regional ally israel over 200. 00 were killed and wounded the front part of the ship was just red with blood what happened that day has long been the subject of cover up and mystery now the truth can be revealed the day Israel Attacked america a Major Investigation on aljazeera. People have come to expect a lot from aljazeera over the years its the reporting the commitment to on the reporter places the commitment to the human story. But its also the idea of challenging those in power if a politician comes on this channel they will be challenged and thats what people expect of us they want the questions oncet. And that is what weve always done that is what we will continue to do. The. Hello again im a saucy attainder how with the headlines here for you on aljazeera several fires burning in greece is the largest refugee camp located on the Eastern Island of left us they would deliberately set off the additional coronavirus restrictions were announced following months of lockdown families were seen fleeing from their tents the overcrowded facility holds more than 12000 people thats 4 times its capacity and there i spoke to Douglas Hammond hes the cofounder of refocused media labs an organization that works with that as a journalist inside maria camp he explains the unfolding situation that the current moment there are several fires that are kind of all over the camp. Yes corona has been identified in this camp in recent days and the number of confirmed cases have been rising many of the asymptomatic people have been put into a quarantine area on the far eastern side of the camp and that area earlier this evening was attacked by individuals who seemingly do not believe that corona is actually in the camp and that it is being seen as a reason to continue a 6 month lockdown in the camp some attacks on some vehicles to move people out of the camp or to move them around ensued and some of the people that were in this corner area were fleeing from that violence and in the process of that several fires were set on the perimeter and then now those fires have been set inside the camp a prominent belorussian opposition politician tore up the possibility and jumped out of a car to prevent being expelled from the country thats according to allies of Maria Kolesnikov who was detained at the border with ukraine reportedly being forcibly taken that president Alexander Lukashenko claims she was trying to flee. Trials for one of the leading corona virus vaccines have now been put on hold a suspected adverse reaction from the trial participants has led to the suspension of the astra zeneca and Oxford University trial a spokesperson for astra zeneca says the standard review process triggered a pause to vaccination to allow a review of the safety data now some news on Colin Kappa Nick who hasnt played an american football n. F. L. Since 2016 after he began kneeling during the National Anthem to protest against racism hes been welcomed back to the video version game of the sport well sports announced theyve included him imagine 21 he has yet to receive any real life office even though the n. F. L. Have encouraged franchises to give him a tryout. Well those are the headlines now its back to growing pains. To. 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 rule 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 from an 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 try to write a huge amount of data you should not have numbers on markets on economies all Companies Providing a chronicle of capitalism tell a story of money vitally important to bloomberg and central to what we are about dolls. I dont cross dangerous as one of most important numbers we look for if i say. On the on the state of the colony steady growth in Financial Markets do 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 at the newspapers at the moment i get the feeling there is a brain can both the central question now is whether were in a cyclical slump or theres something structural is going on. Just. 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 hire jones 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 the changes. Take the. Heat. I thought theres a retailer or something to turn the bible belt. Up since i do well to. Block i thought on stuff thats about to get a lot of its not like were currently it will have slightly montreux 100 apples. In china they tend to and every year in a range of 10 or 15 and you have false want 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 know im asking about the perspective of the market i cannot imagine as a dime ation of this market when i hands a reference of 1400000000 which is even more important than the whole of europe and more atrophy 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 of differently we. Are trying to make as well as smaller and smaller. To make it to rio 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 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 it to go its not going in the way that people expected it to but its gone. A long run im confident that our Capital Markets are flexible and resilient can deal with these adjustments for a long time so that. 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. But 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 became public that governments and the citizens press objected to a sturdy policy is under which millions of people suffer to this day. Thanks to the stock markets however were keen to demonstrate a sense of normalcy as soon as possible in reality nothing is as it seems captain isnt survive 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 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 an honest 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 were doing and thats the real skills 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 home to other 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 hellish defense hard enough housing is 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. In jackson cause the decide when to name in me a given of every just a top not going to give in im going to name. Him off the acting course but just come on the awful scene and be among the hostages have been known to the i love that stuff compels if you have been in with our side long outside but it was in one town well kind of talks to me getting tired to give in is in quotes since trying to balance and cause the doc to mock police towels on top of the funding bill just one day early kid up. I think will be seen over the last few years is cracks in the in the shiny surface of capitalism. And the 1st thats what they look like in a. Just look at Say 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 go right so the hearts 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 into see this is just. A little too long. In the basement on the cabinets in Congress Want to save all up to you. Not to use this little gets you just. In study of a couple to keep your hobby like a little slow. Down on a lot of. Unix boxes been diminished. Vomits thats in the city on the bend us on the on the bad self you can find dont understand and this is all fine not to visit stocks that was on the tube is thats in the book is thats come most mishmosh least. Ever since the Industrial Revolution machines have been replacing you label that 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 they are able to think its a completely new chapter in Human History which will have massive consequences on how we live and work. Cant. Acknowledging 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 interactive humans on human terms. So obsessed interested in his own mind with him because of cognitive off the instant this does assist him or enough to compliment him. On dom its going to stop kids and get an insight and system in how to bite something langston in points in full view not find that to discuss something contexts into tube and hesham to sustain him begin to laugh 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 stand evolutions it makes this whole notion take great great gesture. As well as picture the rights of a mystery ratio gets yes you can be able to do it the right people dont just look at me shit michael himself will interact with thinking of a story. Thank. You visit me stop by and zoom in on a farm set up to shuffle im 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 true in extremis if an extreme is prevailing. In the future agribusiness and robots will be able to carry out nearly every would seem to ask previously performed by. Means of jobs who. These new technologies can serve i think another growth but like much in the world. And that could endanger capitalism itself. Who will 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 meant taht 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 why the 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 a 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. Time trusting a lot better now than i was before i had to tell it you know because if they even hire you style you know to me. You guys look like so you obviously dont know what im talking about but you know this is a really nice quote i call if i want to know the most powerful name in Financial Television wall street week his back yes the news guy bridge actually purchased the life the wall street leaves 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 the microphone so i mean at the end of the day 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 this is going to shock everybody in terms or keep it really 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. Theres a sense of desperation to 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 christ 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 rest 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 growth. For these empty promises more and more people are apparently willing to sacrifice democracy peace and then violent. 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 its being told about the heat across the west of the United States but across the northeast. This has been. Some very heavy snow has been developing meanwhile out across the west the heat is still in place not so much as have come to. This is in Southern California but there are numerous fires burning and this particular fire actually led to evacuations of people from their homes in the san diego area you can see here just. How close have come to homes some homes have been destroyed theres the heat through wednesday still in place just not as high as it was but look at this massive blue here this is that cold air plunging down from the knoll 6. Time which is still above average but not as hot as they were but the winds are going to strengthen tools the end of the week that wont help with the fall. Off to the snow continuing on wednesday to rain just how much is generally on the increase so getting back up to the levels we said before this time of year very heavy rain throughout much of texas on wednesday this could well produce some localized flooding and quite a little rain working its way across the midwest and then it really becomes very unsettled 3 much of the eastern half United States and out across the west it is still hot and dry. On mexicos. There without. Cyclists taking. On mass. Their objective to make the streets safer alternative clean up forms of transportation but when it proved to be an uphill struggle for they scoop of activists over the wheel do you find that on aljazeera. Journeys of danger. And hope. To do is to move to get to drive. Aljazeera world follows for refugees facing the challenge of building a life in europe while staying close to their roots i still have this moral. Force im very proud of. Entirely im not going to share a place of refuge road and im still on aljazeera. Global pandemic. Family comes 1st. For every American Health care has never been more important. Because the new disease does not favor republicans over democrats bridge over poor or black over white. America decides how to care for a nation. Extensive coverage of the us elections. On aljazeera. Warning a. Late stage trials of a leading Coronavirus Vaccine contender was on hold after about testament falls al. That again i missed on the attack and this is out of there alive also coming up fires are deliberately set at an overcrowded refugee camp on the greek island of left us as new