A range of alternatives to curb appeal including no deal and the second right to read. And to get an escalation of cross border violence is really or craft a bomb targets from the gaza strip in response to rocket attacks from gaza the fighting comes despite the and else dont play by their brokered cease fire fight egyptian with different. Story michelle thanks for watching. Its all happening with. Your link to news from africa the world your link to exceptional stories and discussions anyone will come to see their views suffocating programming from funny to me from the news its easy to our website do Deputed Com Slash africa join us on facebook and w for. The to me Real Estate Developer and multimillionaire cost of going to has an appointment with a disorder of city mayor. Limits frequently with local politicians because theyre the ones who avoid building contracts. Your. Local politicians meet frequently with people like stuff going on. Sometimes the Real Estate Tycoon has four meetings like this in a day. How much influence do the super rich wield. We saw to answer that question by looking at guna and many others in germany at first glance it seems to be a wealthy powerful country brimming with opportunities but on closer examination germany is among those industrialized countries with the widest gap between rich and poor success is often dependent on social background why is economic mobility so you know in germany is social inequality threatening social cohesion. To find
his we traveled the world we spoke to a Nobel Laureates and other leading researches all experts on the dynamics of inequality. Is at a crossroads today people sense that the control of their nation is being stolen from inequality is fee most pressing Social Problem facing us today. Welcome to the land of inequality. Christof cleena has four children and multiple millions for six months he led our cameras follow him at public appearances even if we are the ones with opportunity time and money we have to get involved we are the state and ours is one of the best nations in the world in the dish and speech hind the scenes of his business one of germanys biggest Construction Company its. Allies were these were all derelict it
was all trash. He got rich with real estate. And worked his way to the top. If theres no Better Society than ours here in germany. Very much alive we have a new seating plan lets go to guy here on the right you there thats great. Hes a leading Property Market investor generating millions of square metres of living space. Does his wealth lend him power. On his way to another meeting today he wants to personally ensure that a project to construct a new neighborhood doesnt get bogged down in red tape. Its a bit scary when you realise how easily you achieve your goals that correlation as i think i become i have a vision of what i want to achieve and bang it works and when you go a step further and that works too its powerful. You would be tough as you pursue
your goals or rather your companys goals. Here in cologne Crystal Clear in a has acquired half of an entire street in the district of mohan. He plans to build a new neighborhood called colonia to the tune of Three Hundred And Fifty Million euro. Today he and his cologne team are discussing the pending Building Permit. For the i dont. Thinks things are moving too slowly. Mr hoffman is on top of the project and will be submitting a building up haitian in november ok but starting Construction July first is a bit late isnt it. But first processing the application generally takes twelve months. Short of might still try to speed things up. I mean you know wherever we can but the city has said clearly they need to
prioritize time because theyre under stuff to our rules for my chat. But if thats not good enough then well have to meet the mayor i want that permit by spring storm. I want to march thirtieth youre going to break ground april first i want to move in eighteen months later but im saying experience has shown. In this case im not bothered by experience this is just a new. Clean as cologne project illustrates a common dilemma Companies Want to build apartments that maximize profits tenants want to apartments they can afford. This City Government has invited residents of cologne to a local gym for
a meeting to discuss the future of this city and identify the issues that are important to them. Although i cant afford ten year as a square meter. The evenings host is colognes my. Resume of where our wait time and the. Current bear who. Caught him he doesnt want to hear. My lord i was a. Kid too Conversation Centers on the divine between rich and poor is coming on monday will not understand your position but we can tell people when to live all when to move everyone has to decide them for themselves doesnt i dont know. You know that. For many years local governments were to ensure the supply of Affordable Housing by building themselves then a wave of privatization swept across germany in the one Nine Hundred Ninety s. And investors took over but the city means thousands of flats which is why mayor take a Needs Cleaner on the start its also the city hasnt hugely to provide the space and the Building Permits needed to ensure sustainability in the Housing Market is our stock to be out. About then can we havent yet managed to attract enough investors to one hundred so how do you respond to investors who say either you get us have our way over well take our project elsewhere does money invested investors do that i was in vision but they know i will continue negotiations. And what about mr grunow and that Building Permit his waiting for. Is tough and i may as well stick with several times a year and we trying to Reach Agreement and lay out the next steps that will go on these vitamins are you guys satisfied now so minister or at least optimistic is. The meeting in the gym reveals that in the struggle against rising rents many
residents feel abandoned by politicians. Who decides today what the germany of tomorrow will look like who really wields power in germany. We host residents induced book and life say. This is what members of the German Parliament thought their answers would be. Packed. With politicians political i think people would say politicians because they know politicians dont hold any power im sure to a few said that theyre the ones who have power. Because big business the one percent do corporations im guessing i said corporations sold drugs for just be the people but its capital comes our corporations. Not politicians theyre just figureheads the ones with the money. Do you find these answers frustrating
understood no because its true theyre right but thats a problem for democracy i see it worries me even if youve read rather they believe that politicians could take the responsibility you find far too tired after i think we need to do something to show that were not running after the money so to speak your destiny to enter. Near the Parliament Building the battle for power and influence also plays out on the real estate market. Julian schmidt is on his way home and hes not looking forward to the evening ahead. Tonight his own home is a rink for the round of the real estate power find. Somebody was. Nice enough to come in to see the. Like stereo typical angle for hipsters from
abroad. And it. Keeps the visitors are interested in buying the flat that philly and schmidt rents. So theyll come in and then. Take a look at. It should be a brief affair. Its a small apartment and hes sixty square metre. The parents sleep on the pull out in The Living Room their seven year old son and four year old daughters sleep next door. This is where the kids sleep. They ask is there to. Fill in smith moved in here when he was still a student now the flat is up for sale to potential buyers have a right. To follow you from the real estate agency. Yes. The agent to arrange the appointment his clients wish to remain anonymous
there from abroad and want to invest in berlins Property Market. Florian schmidt is a member of the green party and the counsellor responsible for urban Development Public space and Facility Management in his District Courts back. Mr schmidt are you surprised that being a politician doesnt exempt you from the danger of being driven out of your rental no no not at all. That wouldnt be good either so being a politician shouldnt guarantee preferential treatment. He holds no grudge against the prospective buyer is the problem lies elsewhere. So i just want to make it clear to you its not against you its more against not against you its. The conditions what. We think of you. As a tim smith knows hell probably be the loser in this round. But as the politician has a different opponent. Who wants to build in his district many local residents oppose the path me. Of course im somewhat wary of such people because they produce a kind of urban environment that doesnt correspond to the type of environment we want to live in. We say that it would be best if buildings were owned by the people who live in them so they did it and not by people looking to extract across it from the. Same applies to New Buildings. We want people who live in the buildings to buildings as coops. Were working for the people in this law mr kreiner works for his shareholders. Julian schmidt dreams of a city where real estate is in the hands of housing corporative and small property
owners. This form a post office tower in smiths district with the intention of Installing Hundreds of apartments at the time of filming this report he had locked horns over the development with schmidt he believed voters and politicians should have a say. In a complaint the district was delaying the Building Permit he found a lucrative interim solution though by renting a few floors out as office space. On this day he was using that space to host a new years event. Was his plans for sort of luxury apartments in the tower with Welfare Housing relegated to a chase and buildings. Nice to see you hes become my secret weapon. Added to your
every day each of the individual standing up here go that extra mile. For sacrifice but cation time how much press matal get in trouble with their partners at home because they cant explain why. Or because theyre suspected of having a joint a second. So id like to say a big thank you to you my colleagues. And. Now please return to the audience so that everyone can see me. Please another round of applause for it is a. Counsellor fluffy and schmidt was also invited to the reception. It enough an s. M. S. Fun thought i got a message from Florian Schmidt last night telling me he wouldnt be able to make it mainly because of Family Reasons and im going to do maybe another opportunity to meet can be arranged. Im ready and willing to say id be happy to have
a chance to talk Ploy On Schmidt as a representative of the people sent by his Political Party so basically hes just a prisoner of his own circumstances also not his party and his district. I wouldnt want to be in his shoes but if i were as my do things differently than i was a lot of things i missed. This is the district back fully and schmidts district. It was always me because i dont know where things stand when mr groner is meeting the urban Planning Committee next week. So maybe that will be a good time. And it pulls on the field in smit was once an activist who attended demonstrations against big business and its representatives people like luna. Today he uses his role in City Government to Steer Development in an equitable direction
but he cant build the needed living space himself the district has acquired a few buildings but its budget is small so he needs investors this is a gas station by the canal. Today the department is discussing a different project for a longer two year were talking about closing a gap with the hotel. As a result of events those five say ok well we need to put a big Question Mark behind that applies and meet meter and tearing down houses that people live in its just the kind of things we dont want to be doing for misuse of the openness so id ask you to not give any recommendations of how this could work or to receive them from none at all gawker tips ok. Glinda and schmidt planned to meet soon to discuss how to move forward with a formal Postal Office building its unclear how that conversation will go. Is wealth power. We are absolutely at a crossroads right now in the twenty First Century in this very year given the socio Political Forces that are operating on a global scale and of course that leads into the political issue political inequality that stems from Wealth Inequality you hear a lot about. How wealthy people seek to influence elections and that is certainly a very real and serious problem but its much bigger than that the. Studies in the us have shown that the wealthy steer the direction of the country if the rich elite has a Policy Objective it very often gets what it wants whatever the Elite Doesnt Favor is likely to fall through even if its backed by the lower income majority. Its the same sure in germany. I mean shantha is a political scientist whos investigated this question. We were surprised to find that the situation in germany is skewed in much the same way as described in the us study bundestag lawmakers have consistently geared their decisions to the interests of higher Income Earners and higher tier jobs and the interests of people who are less or belong to socially disadvantaged groups are systematically given less consideration. And. That. What policies did this Impact Research is conducted hundreds of surveys on topics ranging from the economy and environment to foreign infest and finance. They grouped subjects into rich and poor and asked each to define their desired policy outcomes. In what area was a divergence most noticeable. Is an obvious example
the higher an individuals income the less likely they will be to support a reintroduction of the wealth tax whereas lower Income Earners definitely want it back to this day we havent seen the return of such a wealth tax. Were winding up with the government of the one percent for the one percent and by the one percent. At the Football Stadium in life say she has rented a books where a single seat costs ten thousand here especially as an its a chance to cut business deals. Oh i think. The game is on. Cleaner uses the time to network. How are you oh i cant complain. Hes
often scored goals himself up here. Like recently with another major project that had hit a snag resumes in finance we bumped into the city Finance Minister and had a very polite but firm conversation with him and. If that i was not his thats in the first two weeks later tonight we met at his office and found a solution that was for Three Hundred Fifty Million Euro investment. In the end politicians know that its here and these faults that theyll meet the Decision Makers from the business world. Alternately have a say in and are responsible for urban development. In big numbers start conversation. Yes i mean right now we still have more than a billion is a place. In the land of inequality ordinary people who sit in the bleaches while the movers and shakers seal their deals in private boxes. I. I here in the stadium nights this will end up losing this game. But the deal that counts focused of cloon a takes place at another venue the bed in district office. Spec. Clune a has an appointment with Counselor Schmidt Closed Door Talks have been going on for hours no ones his Building Permit schmidt one spouse has to have a say. We talked. Yeah we dont have a deal yet but we took a first step today. From our recent how do you see it. You pretty much summed it up. The meeting is over but the cost of Influence Schmidt stay behind for a one on one. Colognes carnival is the ice breaker The Business Mendonsa Costume in
the annual parade it brings back memories for the politician. Well my mother would rest the whole family up his dying trees in the eightys. And. Now its time to cut to the chase. My problems with mr schmidt arise when he gets a Building Permit that he has to sign and he doesnt sign it just doesnt sign. I dont think thats ok i think thats when he should have the guts to say yes im a politician and im in the green party but right now mr conan has a right to his Building Permits so whether i like it or not im going to sign now and then i say there are at least two ways to see that other people would say i have guts precisely because im not signing the Building Permit people to feel frustrated and i sort of do too even though now i make a decent living i live in a small apartment and im looking to move and theres simply nothing on the market. Or if there is something one hundred people are waiting in line. They would be
welcome to rent one of our flats. So well see. But i do feel that ultimately whats happening here is a struggle for power and attention for you to be a bit and i dont think will be assessed by how well we played our hand. At some point someone is going to count apartments and id like to be assessed on those merits. Like. That. But. It does money change peoples behavior. Its a question social psychologist pulpits has been researching for years but one of his experiments he enlisted hundreds of people took a rigged game of monopoly. We did in this game of monopoly was
just manipulate with the flip of a coin whether some people were rich or other people were poor and we randomly assigned one person to be this rich player in this rig game so they got two times the money to play the game they got to roll both dice instead of one to move around the board and what we found is that across all of these different sessions richer players made more noise as they moved around the board. They took up more space in the room with their bodies. We had a bowl of pretzels the richer players took more pretzels. And they were more likely to be talking to the other person with their mouths foals when we asked them to describe why theyd won if they were way less likely to talk about those external forces those features of the environment their luck that random flip of a coin that had gotten them into that privileged position in the first place and
they were more likely far more likely to talk about what they did their own skills their own talents their own successes their own where with all their own aqim and the decisions they made in the game. The world as a bullet came. Just of could and is flying to france for one of the most important events on his annual cabin to the real estate exhibition income. To do it i could cut to the front was my very selfimportant person past but i wont. Take its to the thick us two thousand. Then investors pledge hundreds of billions of years. Many politicians depend on business men like cleanup now hes about to meet the people he depends on. The Property Market takes place right next to the yachts home to. Investors from All Over The World to tend its their money that decides which cities will get New Buildings and revive districts and when. Many two models seeking big investors. The mayor of Cologne Himalaya to. Hear. The issue of the Building Permit. Christopher nero is settled he says hell have it by the beginning of july he satisfied. In can hillary or to meeting other investors one every half hour. To meet their mistake. Is the biggest property fair in the world. View as acquiring a city we were lying on investors to build our property. Invest we have to showcase
ourselves. We have to show what cologne has to offer. Because cologne pitch is directed at a list investors Sovereign Wealth Fund managers and pension Fund Executives who also operate in term of years of. Christopher gloom and does not want his meetings at the fed to be filmed. Here in cannes its evident that theres no longer such a thing as the Economy Today theres the real economy where for example people build houses in which other people live and then theres the financial economy where property is just another asset to turn money into more money. The business journalist. Spent years creating a whos who of the worlds richest investors and found out who showed the world. View very good do you know the world belongs to those who have mastered the art of
using other peoples money to turn a profit for themselves in the most efficient way possible. This is how the asymmetrical ratio between the real and the financial economies has developed in the early seventys the two were still equal but by Nine Hundred Ninety that ratio stood at two to one in two thousand it was three to one in twenty seventeen the worlds Financial Assets amount. To approximately Three Hundred trillion dollars the real economy is with just eighty trillion dollars meaning the ratio is now almost four to one. Like banks Asset Managers have grown increasingly powerful the biggest investment firm. Black rocks holdings for example include six percent of siemens says almost equal to the amount held by the
siemens family. In fact blackrock hold shares in every Company Listed on the German Stock Exchange and major global companies. In total black rock has assets amounting to some six trillion dollars. Meaning it manages more capital than the combined State Revenues of the us britain and germany. But something has shifted if investors control more money than the worlds wealthiest nations they have power power that politicians can no longer rein in. In we survive i know. Its over to a certain extent its an artificial world in new york the people in new york chicago or los angeles who control International Finance capitalism have virtually
no contact with the realities of a company. Or Consumer Market trip which to look discourage you know im in for koha mark theyre juggling Abstract Astronomically high figures and trying to meet abstract targets. Thats the world they live in. D. C. And all too well in their world as long as the numbers look good. Its evening and kind of stuff is hosting a party in the young tom. Good to finances his multibillion euro projects with bank loans but he also needs investors money. As a very warm welcome to everyone thank you for coming tonight here and of course and now its his turn to pitch. John this into office when it comes to bidding more
often at a disadvantage sometimes we dont land the contract for a really big project. Because there are other parties with dubious intentions so they buy it divide it up and somehow make a few extra euros selling the pieces point and the result is a scattering of overpriced properties what we need is fast financing we need cheap money and for that i need you esteem to Bank Managers and investors i need your support for its business comes first theres even a. Minus it concerns me that there are more and more parties who arent interested in creating added value they just want to do business. And theres nothing illegal about that per se. But theyre stronger than we are. Serious money. Christopher has made millions in Property Development but investors bankroll. He has to defend his decisions before politicians as well. As. The investors who control the money of the invisible. Tonight not one agrees to an interview. Its a new world order. Back in berlin. Sunday before and im sure not. Just of clinton is joking to keep up with the global competition hes just arrived from talks with an investor. The one where you were in london today and shook things up kind of to shrink enough that. We didnt very well with our partners. This is sorry i cant stop smiling. For you but you know its always a tough game im heartless fear. Again in which only a select few get
a share of the prize. People sense correctly that the control of their nation is being stolen from them they sense this All Over The World and theyre not wrong dispute to some gifts making people feel like theyve been left behind like they no longer belong and they view the future with despair we see it in the drop in Party Membership as well as in the Election Results and i think its a very Dangerous Development this is and between if youre fucked up. Rents and property prices are rising salaries for the most part are not. There is a nagging suspicion that politicians are no longer the ones writing the rules opting out of the democratic system is one form of protest. Here in la and induce book residents were asked if they vote. Kind of
what does that mean. You know a good hands on the situation. I didnt vote last time because honestly the system is too corrupt. My whole life i went to vote if i was even in a Political Party for thirty years. In recent years i felt really let down by politicians for not fully q why did you vote last time you know. Why not. All time unfortunately i know because nothing gets done no matter who is out there. Nothing gets done says alex and her husband mother of baby bella and an older daughter in school Alexandra Hospital is a single mother. Together with her friend mark she shows us their life safe
neighborhood of clean. The world our. So its nice here its. Hard when i say its nice whats not nice here the prefabs are nice in the garden yes the prefabs defined the neighborhood i agree thats a card so pros cons even if. We do have quiet trams. One out of three residents here didnt vote in the Twenty Seven Thousand general election one of the lowest turnout in germany the majority of those who did custom ballot voted for the far right if the party. Right thank you for the alexander when was the last time you voted. Now. Its been cut off single one it was just after my eighteenth birthday. Because
my older daughter had just been born and this fall i was so proud to be allowed to vote for the first time and i voted. And in the last election now. You see i have completely stopped yes. How come clean to because theres no point. More than anything i think some of her husband once had children to grow up to have a better life and more opportunities than shes had. Shes trained as a tyria Trick Nurse Mark who works in a large furniture store. They have differing political views. On. Dreaming about ordinary people are heard and seen but the rich hold more sway over Political Parties called in the potomac and there are basically no rich single moms. There are they just have nannies right about that you still have
faith in the political system i do believe that i can change something with my little vote with me thats why i vote and if i thought there was no possibility of changing anything at all i wouldnt go vote either. So bugs me the most is the kindergarten and school situation. There is no acknowledgement that its harder for a single parent to have a proper job that feeds the family and then it is for couples. Its among its writers and as long as those conditions for a single moms dont change i wont go vote. In. The can democracy work if people dont participate so as i think theyll be a new order if people stop participating. Well then what happens then. Instead of democracy will have what. Tater ship. What can happen if too many people believe they and their elected representatives no longer have any power. Yes shamoun is from munich and teaches Political Science at harvard university. Hes studied the impact of inequality on democracy. And a lot has shifted in germany. Twenty years ago only sixteen percent of germans favored having a strong leader who didnt bother with elections and parliament by parliament and. That figure now stands at thirty three percent who. Researches younger and older generations across the world how important it is to them to be living in a country that is governed democratically. The results show that whether a person is from the us poland The Netherlands all spain the younger they are the
less importance they attach to democracy. In germany two thirds of people over fifty approve of democratic governance not even a third of subjects under thirty feel the same. This matter illustrates the number of people who did not vote into emmys last general election the darker the red the more nonvoters the second map shows how many people voted for the far right a f t the darker the blue the more a fifty voted. Two forms of protest. Really mention as i was the abstract for younger people its all very abstract. The idea that we can one day lose our democracy and end up with communism or fascism is unimaginable to them and. So theyre more willing to experiment. Would they think ok these people from the f. B. I. And even some of the far left parties time sure theyre partially attacking things i actually support but it cant get too bad i was with them constantly lets see what they do. In germany populists seizing the moment and echoing voters concerns like here and get its in saxony when many are scared of losing their jobs. They are the ones i. Believe in i wasnt the f. T. Has organized this rally the main Political Parties have stayed away so i got to your its an period in which museum and closes plants hears and moves them into the Czech Republic i was in darfur and were sick of being a cheap labor region. How many of you work from morning till night and still cant make ends meet. The. Free to mention a lot of people are asking what about us glitch where are our fates being decided. To do we still have an identity and sky high or are those decisions being made somewhere else entirely of people who are angry and theyre angry for good reason and a lot of european and North American countries but their attention has been diverted to things that arent really the source of their anger and frustration and thats the dangerous part i think we have learned lessons from the past that we should not lead to dissin equality to go Out Of Bounds were the only solution is really a destructive one. Solutions are needed before populism yes
voters with the false promise of a quick fix but here can offer such solutions would it help to raffle off a few seats in the German Parliament among ordinary citizens. Should cities be building a food. Well housing without the help of investments. Should wealth be taxed after all. The. Cost of glue now wants to continue pulling the strings that shape geminis future maybe even more openly than he is today. Means as we stand do you feel powerful. Yes. Yes whos more powerful you all politicians and i was like yes Business Managers are more powerful isnt or more powerful because were independent id like to enter politics some day if you really dont you already have a plan for the actions of climate founding a party right now and really just as i think it will soon reach a point when it will be important for actors currently working behind the scenes to
step out on to the stage as present. Fear of morning new craze. For britain from actually catching fish Shipyard Workers fear for their jobs until strain for action a few. People are scared of further russian aggression. Hologram lives affected as the battle continues over the sea of a self. The thirteen w. To draw. Their own home in attendance at germanys full
time. They can return to. Normalcy and. To get on the games played. Brilliant fact town from the campaign but have not speak up convincing ineffectively. Some of the sponsors template. Even ninety minutes t. W. Whats coming up for the book good is playing youll have plenty to talk about here. In this league every weekend here
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