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
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
It is a disaster the private capitalism did not prepare for the pandemic bryden 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 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 money 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
After more than 2 months only to face quarantine in beijing. The u. S. President has criticized the World Health Organization for its handling of the coronavirus pandemic donald trump says the agency is china centric and issued bad advice at the outset of the crisis his comments come after a leaked memo revealed the new details about warnings the trumpet ministration received on how bad the outbreak in the u. S. Could be meanwhile u. K. Prime minister Boris Johnson is spending a 2nd night in intensive care as he battles kovac 19 foreign secretary dominic robb who was stepped in to lead the government says johnson is stable and has been given oxygen but crucially is not on a ventilator and thats as the u. K. And the state of new york in the u. S. Have recorded their highest number of deaths in a day the u. K. Is resident registered 786 thats while 731 people died in new york well lets start our coverage in the u. S. From mike hanna joins us live now a from washington. So mike we have th