Principle or rather what people do with their. Well i think its a little bit of both youre absolutely right capitalism comes in a variety of different understandings interpretations different concrete forms the american system is special in the way that it limits the government very extremely you only have a country like that is in britain and even britain doesnt do it as much as the United States so what we have here is a capitalism that is more or less a fair is more private spoke then anything else which is what the United States has tried to push around the world privatization privatization well now weve come full circle we see how private capitalism works and and im not alone in this it is a disaster the private capitalism does not prepare for the pandemic private capitalism is not able to contain the pandemic we are desperate as we compare ourselves to new zealand to vietnam to egypt and all these countries with this state is given an Important Role they were able to prepare and
American system is special in the way that it limits the government very extremely the only other country like that is the britain and even britain doesnt do it as much as the United States so what we have here is a capitalism that is more or less a fair is more private spoke then anything else which is what the United States has tried to push around the world privatization privatization well now weve come full circle we see how private capitalism works and and im not alone in this it is a disaster the private capitalism did not prepare for the pandemic private capitalism is not able to contain the pandemic we are desperate as we compare ourselves to new zealand to vietnam to egypt and all these countries with this state is given an Important Role they were able to prepare and contain in a way that american capitalism could not what sound would argue that its not the job of private capital in our private enterprises to prepare for the pandemic and that i mean goal is making profit i kn
Redefining the notion of profit. Well you could be defined the notion of profit and you could have the government come in and the private sector say we make profit and you the government do important things like prepare for viruses that threaten baba tell but in american capitalism if you give this much power to the private sector they have always prevented the government from having the power and the resources to do these kinds of things and they do that for a simple reason that they are afraid of the government as a competitor that the government will come in and do things and lead to massive people do say well if the government is what prevents us from having a virus well then lets give more resources to the government to do these things so the private sector unlocks the power of the government to compensate for the limits of the private sector and i know its easy to criticize the trumpet ministration for its response to that by danny and i think its easy to criticize any government
Hi everyone im falsify john paris and im melinda crane in berlin a drastic rise in hunger over a 1000000000 informal workers facing unemployment and up to 100000000 people pushed into extreme poverty those are the latest grim projections of coronas worldwide impact were told not a killer virus that spread across the globe in days livelihoods the world over that have been shut down but is there an opportunity here can those livelihoods be restored in a more equitable in a more sustainable manner just as an e. U. Summit bargains over the Recovery Plan the United Nations is staging a conference thats talking about Building Back better our title a green and better recovery for a hollow fos 24 and d w t v join up for the debate welcome and it is a pleasure to introduce our guests starting with the finance minister of ghana ken for a atta also shipmen is the lead author for the Intergovernmental Panel on Climate Change at the United Nations lecture at the french Political Science is judes yo
An Important Role they were able to prepare and contain in a way that american capitalism could not what some would argue that its not the job of private capital in our private enterprises to prepare for the pandemic. That i mean goal is making profit i know that you have. Some concerns about profit making as a motive but some people would say this is a very natural human motivator the humans i guarantee increase their resources they they want to increase their chances of survival its just that the profit should not be defined in very narrow morny terri terms as it is defined in the United States she really be calling for the ad to capitalism rather than lets say redefining the notion of profit. Well you could be defined the notion of profit and you could have the government come in and the private sector say we make profit and you the government do important things like prepare for a vote by reserves that threaten bubbly tell but in american capitalism if you give this much power to t