Let me go to you 1st in baltimore i dont i dont really think on this program we need to speak about the failings of socialism i think were all on the same page on that here my point in this program is here no i dont want to waste time on that because i its obvious ok historically it obvious on its face here but thomas what is the attraction then why do we have so many millennial zz and so many people attracted to this idea that so many of them have no historical knowledge of whatsoever go ahead thomas in baltimore. It was mostly because people like David Henderson and myself have been snuffed out of the academic world there are still 100 classical liberals in american academe but were outnumbered by hundreds of thousands of others and the young people are taught what economists call the nirvana fallacy they pose socialism as some sort of utopian ideal and compare that to the real world and of course the real world always comes up short when you compare it to utopia and thats basically
The committee will come to order. Without objection the chair is authorized today declare a recess of the committee at any time. This hearing is entitled an examination of facebook and its impact on the Financial Services and housing sectors. I now recognize myself for five minutes to give an Opening Statement. Today, were here to examine the impact of facebook on the Financial Services and housing sectors. Our sole witness is facebooks chairman and ceo, mark zuckerberg. Facebooks plans to create a digital currency, libra, and a digital wallet raise many concerns relating to privacy, trading risk, discrimination, opportunities for diverse owned financial firms, National Security, Monetary Policy, and the stability of the Global Financial system. I and other democrats have called for a moratorium on facebooks development of this digital currency, libra, and digital wallet until congress can examine the issues associated with a Big Tech Company developing these Digital Products and take
Communist regimes are gone and the wall go ahead john. You know well like you peter i lived through those events very directly like you i was studying Eastern European studies at oxford at that point i spent that summer in 1909 in romania and hungry and indeed in september 89 i was in west berlin and was there when the 1st east berlin is arrived in west berlin having driven through czechoslovakia hungry austria and the whole of germany so i have a very strong memory of it as well i would make 2 points the 1st is that none of it would have happened without gorbachev decision to pull the rug on the Eastern European communist regimes that was decision he took in june and which he announced to the german chancellor helmut kohl at the time and all the events that we remember now the jangling of keys in Wenceslas Square in prague the torch is the candlelight the songs and so on all that was nothing but operetta it was political operetta it was froth. On the on the on the tidal wave of histor
Andrew follow will be here with you next hour to take you through all the latest news from around the world and stay with us for crosstalk next here on our international. Hello and welcome to cross talk were all things are considered im Peter Lavelle 30 years ago the berlin wall fell the cold war had essentially come to an end the fall of the cold war symbol was heralded as a new spring of nations and the end of communism decades on what is the legacy of this historic event the promises of 1989 been fulfilled. Crosstalk in the fall of the berlin wall im joined by my guest John Laughlin in paris he is a political scientist and historian in washington we have harold james hes a professor of history and International Affairs at Princeton University as well as author and editor of a number of books including when the wall came down reactions to german unification and in cork we cross to Geoffrey Roberts he is emeritus professor of history at University College cork and a member of the Roya
Secretary he is the principal voice of business in the Top Administration trying to ensure that u. S. Businesses have the tools they need to create jobs and pursue economic opportunity. He served the secretarys of the beginning of administration that gore 2017. Hes got limited time with us today for be brief in my introduction so we can get right to his talk. He will be laid at the conclusion of the talk and then the panel will ensue. Secretary ross is no stranger to commerce with over half a a century of experience in Investment Banking and private equity come restructuring over 400 billion in assets across Numerous Industries and serving as chairman or director more than 100 companies in over 20 countries. Hes also the only person elected to both the private equity hall of fame and the turnabout Management Hall of fame. We agree please welcome him here today and please join me welcoming commerce secretary wilbur ross. [applause] thank thank you, dean, for tt kind introduction. And th