Transcripts For ALJAZ Growing Pains 20240713 : comparemela.c

ALJAZ Growing Pains July 13, 2024

Return to major cities to go back to work slowly to start using public transport so the number could spike of the next few days and we do have to watch that closely and at the same time the Chinese Government have continued to implement stricter measures even to prevent the spread of this new current virus we know and who pay for example over the weekend they banned any vehicles from being on the streets that were nonessential be also theyve sealed off many residential compounds in who base specially but also outside of cuban places like they doing residential compounds have one strict entrance which residents can go in and out of if you dont live there you may not be able to enter they take your temperature they ask you where youve been in fact everywhere you go in cities even in beijing miles away of from who pay if you enter an Office Building a shop they take your temperature they take your details and still public. Major public gatherings are prevented parents are of course also very frustrated children have been staying home for weeks now we dont know when schools will go back to normal at least the government has restricted any schools from opening before the beginning of march and parents are starting to buy printers to print out academic materials and textbooks because they believe that this is going to continue at least for months now so there is. This virus although it is concentrated in kuwait portmans it has been massively disrupted to everyday life. Meanwhile 2 aircraft evacuating u. S. Citizens stuck on a cruise ship with hundreds of people infected by a corona virus on board have now left japan but those who are eliciting behind 355 passengers tested positive for the virus among them 44. 00 u. S. Citizens will be treated in japanese hospitals and in the last hour or so australias Prime Minister said that his government will send the plane to evacuate its citizens on board the ship a un envoy describing the arms embargo on libya as a joke Foreign Ministers from 13 nations discuss the ban at the Munich Security Conference they agreed not to interfere but many states have been involved in the conflict syrian state media is reporting that Government Forces backed by russian warplanes of seize most of the aleppo province as part of the governments offensive to take the Northern Region including at least province pakistan and the Un Refugee Agency are holding a conference to highlight the challenges facing millions of afghan refugees its estimated more than 2000000 live in pakistan some have been displaced since the 1979 soviet invasion violence makes returning home dangerous but a Repatriation Program is set to receive next month india has rejected an offer by the un to mediate in the kashmir dispute your delhi says its a bilateral issue un secretary general antonio Good Television made the offer during a visit to pakistan islamabad been lobbying to put pressure on india after it withdrew the autonomy of kashmiri territory under its control and im deeply concerned about the increased tensions that we have witnessed last year i have repeatedly stressed the importance of exist sizing maximum restraint and taking steps to deescalate bills militarily and. While regulating my offer to exert size my good offices should both sides us. Diplomacy and dialogue remain the only tools that get in to peace and stability and details are emerging of a massacre in cameroon at least 22. 00 people including 14 children were killed by armed groups on friday the attack happened in the farming village of garbage in the north west theres been fighting with you know rebels and the government in the area over a push to create a separate English Speaking nations well those are the headlines the news continues here on aljazeera after growing pains station thats a watching. What. They view growth as 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 believe 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. Does one person recognize the 150 years ago growth is the fundamental principle of our Economic System. Capitalism only works when the economy grows but calm mocks recognize Something Else as well it is this growth that would eventually destroy the system itself. And today. Have reached that point is the system about to collapse from an infinite growth actually be possible. The governments dont want to even question the g. Word they dont even want to put a discussion around growth if youre 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 exertion off to one of storm kindness garnished gave a while to be defined as a dimension the of it was not a levels you can talk back storm in us. All to god just fax them style gets built out sucks them in spine and semen is the audience thats us fax them and what is being that was used. To but it went up and and because if what. Mediums the politique can come. Thats at least to bail on a bit of a fickle. Its a long as mention of the planet and keep to do with mizuho ville is boxed only in a huge how does faith 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. As a drearily part of human nature. It was through all those years under imaginative use of mass production methods but there was a lot there was able to perform much wartime miracles 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 cannot make 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 that off towards it became the single most important policy number. Across the world it kind of symbolizes progress to us soldiers says wow 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 entire 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. And the economy in 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 why thats a situation where growth makes some sense. But the idea that as human beings all we want is more and 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 great economy to satisfy human appetites. The 1970s her growth rate sink for the 1st time due to the oil crisis and other factors the boom was over the market set your rate its western economy stagnated millions suddenly found themselves unemployed it was uncharted territory. For the 1st time the limits of girls became visible economically socially and ecologically. We do have some understanding about groet. In 1982 a group of scholars commissioned by the club of rome presented a report in washington and titled the 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 growth 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 novel situation. The cup of rome report sold 30000000 copies and became a global sensation. And yet soon this cause 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 call us predictions turned out to be right and in many cases reality even surpassed the bleak predictions. As the cover from 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 Breeders and finally the starving parents. Following that last. Misquoting of one point containing as is new on the nail your. Aspiration on what ought is known given the pledge government and i. Believe school fair but as you live out of being there god but on knowing that god is following watching you eat intone beareth us as odd as. The ear wars or the dance of the fuzzy and the keep thing there. Were stamped their heads they are. In as good as society as bill de gea of us both them slide plimpton the meal you meant them to mean by you. Must or gnomes the last one you see a pick your cup down must own all who are going to wash. Them are. Gap is there via i dont keep pasta. Daughter says the glue she has been a fierce would look to said one you losing money. The tropical climate and there were 3. 00 to 4. 00 harvests pay year and with that massive profits saw and corn for export an animal feed. I mean 163 is the gateway to the amazon basin it was number jacks money and destruction into the forest. Today countless trucks lined the agribusiness highway transporting their valuable cargo to the international ports. They possum and the sea of soybean fields enormous silos and slaughter houses through one of the largest boom regions in the world growth rates of up to 20 percent business. And the savage piece is region. It was just. Its just amazing forests. 34 years just off colonization and needs to most important region nagra business off the country. Its the right place to make new investments to make money. d you carol a good part you could export it to russia china and the nordic countries. Do you see any limits know the limits of the disk i have and the limits. In response to the crisis of the seventys Economic Policy underwent a change of course new growth had to be found no matter what the cost even if that meant only seeing the prime and forces 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 told that additional money in the economy would help really best that would help give a small production that would allow us to consume more 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 a transformation in the economics of 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 games and insurance and were now allowed to gamble with currencies stocks even with peoples retirements 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 Allianz 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 fiddle even so say shown at 100000000 for the softness you know in the lead so say showing leading via the foresaw good ones oquinn one fist to she went on my country to so for stay in. The us some are spirit of figure one inch 0 and base your pick your own and box in uk to it it will fit in c. A plenty for mukesh cotton and the same box to pop its a peon so buy spirit box in investments invest its own in it will be and in foster investments in autobahn and when the tulio in the city take. The subtle eyes more than positive closed in in china therefore also a show although some kind of one of the growth. In the developed markets in europe and us. They also know new trials to be seen which we could never knock to a finance if a few of whats in it. Does if you puts end to high fashion mission via in so going to invest even the high sheen visteon i sucked in him obedient its at the law. As a given in the token fini gun opining given that mia in didnt train and then he can and then who will his facts to mean decent and none mukesh who will have to knock and i defend it and thats after his sister to mislead trick is to stop it going to push it all into over that i never was an invoice spent 9 as ish miche to me id have it torn effects from the forced. Thank you sandy 6 a gothic and going to go yacht it will miss he felt he could touch up the sox to record all kiss for cost by this thank god to 6 months i thought to. Look for cost beyond. The mother of millions of insured individuals ascend 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 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 to return on that game and the world there is another agenda. Well why im commander just 1. 2 trillion euros obvious its and in germany were managing 490000000000 euros of assets. The Financial Markets they have a social role in distributing peoples savings towards investment and that investment is usually a form of debt so when you get you take out a loan for example to buy a house that line could end up in a bun 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. And Society Without growth probably wont work at all. Not for long. It would 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 capitalism today Financial Markets not governance determine the wellbeing of ente

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