for decades growth was kept on life support with debt only if you had the courage to say that the party couldn't go on forever but no one listened to them in september 2008 the time had come the house of cards collapsed it's a black monday for the american capital market despite dramatic rescue efforts over the weekend all efforts to keep the world's 4th largest investment bank alive have failed lehman brothers is shutting its doors for good it's also i think a necessary part of the clean up process i mean we knew it was weak we expected to go it's not going in the way that people expected it to but it's gone. a long run i'm confident that our capital markets are flexible and resilient and can deal with these adjustments for a long time so. there

was a deep shock in the system there was a sense of my goodness we can't let this happen again governments have to have a better handle on this system and for a while there were attempts to do that it lost it probably a matter of a few months in fact by the end of 2009 and into 2010. the very same companies a been responsible for some of that disaster was still engaging in those same kinds of risky trading procedures that for a while had been stopped in the wake of the crisis and we learned a lesson but then we forgot it again. the financial crisis was a huge opportunity for governments to free the world from its dependency on financial markets and to change the system. but they wasted it instead they did all they could to revise the old system spending trillions of dollars to save the banks . then something incredible happens the banking crisis miraculously became

a sovereign debt crisis dr addends became public that governments and the citizens press objected to a sturdy policies under which millions of people suffer to this day. thanks and stock markets however to demonstrate a sense of normalcy as soon as possible in reality nothing is as it seems capitalism survive the crisis that no longer functions like it once did. even though it's not as busy as it used to be this is still the center of capitalism you can look at all the tourists who are outside the building taking pictures they all still believe this is the center of capitalism it's a symbol of something that means something to that. 10 percent i'm sort of like the weatherman for the stock market i come in every day

and try to figure out what's going on in the stock market i talk to trading desks i talk to analysts i talk to people who know a lot about the stock market and i go on the air and on the internet and explain what's going on. remember the s. and p. 500 is down one and a half percent this month you have very clear market leaders and the reason we've had it is because of better prospects for earnings in the 4th quarter remember what the market leaders have been energy tech events lagging today energy tax in banks that's interesting there are mixed. opinions but you know if i may just change the broader. human bein's watch stories they don't want an endless list of numbers nobody is impressed with a list of numbers they want to know. what's going on tell us in plain english what the markets were doing and that's the real skill set and often that's not easy because things are very complicated. people have always claimed that

capitalism can be evil and capitalism doesn't help people i completely disagree what i see in the last 150 years is millions of people have been lifted out of poverty i personally am a true believer and still believe that the system works well and i'm committed to that system. at this underfund and the new york about the bond that fastens 1000 mention of the market. committed other dimensions in them to be detestable because you can fall into this for a dozen shots through 1000 years in the wind as the hellish the facade of the housing this is one of the new york stock exchange this is a list the average i was in was 1st published it. is in this it's the machine just about wins. we are in jackson cause the death want to name in me

a given of every all chuffed not going to give in i'm going to name. him off the acting course but let's come on the awful scene and be among the hostages have been known to the i love village shaft with bells on if you have been in with our side long outside but it was a fun time a while kind of talks to me getting tied to given a sinking truck since trying to balance because of dr mark police towels one competition one day. up. i think what we've seen over the last few years is cracks in the in the shiny surface of capitalism. and a 1st that's what they look like in a. just look at something not quite right the way the light reflects off it and thus you look more and more closely. you see

this you see that these cracks gay rights in the hearts of the model they go right to the heart of the basic ideas of capitalism. capitalism is to work. the system deliver what it promises. providing growth jobs and prosperity for all. the on both sides because your new small factory in the sea this is just. a little cooling off. in the basement on the community and conned into so often you're. not really sure this one is it's you just. get a cup of tea the hobbit like a little slow. most done on a lot of. unix boxes been diminished. and all but that's in the city on the bend us

on the on the bad insults you can find don't understand and this is all fine not to because it sparks what was on the tube is that in the book is that's come mostly for she said. ever since the industrial revolution machines have been replacing you label that by causing great societal upheaval it's. that until recently they had only replaced the physical labor of humans. now machines are capable of doing what makes us humans unique yeah able to think it's a completely new chapter in human history which will have massive consequences on how we live and work. can't. technology thanks watson can. i be a martin is a technology unlike any that's come before because rather than force humans to think like a computer that's an interactive humans on human terms. so it's just

interested in some of them because of cognitive off the instant the season is too much and off to compliment. and dom it's going to stop kids and get an insight and system in how to bite something lengths and important and fulvia not find that to discus something contexts into the tube in his name to sustain him begin to laumann untimed was a target as he was also did not have hospital was just him all talk and on to it. if you're interested in checking it that you're a spectator stand evolution's it makes this whole notion take great great gesture. as well as picture the right situation during a show gets yes you can be able to do it the right people will do is to get to me shouldn't michael himself will interact with thinking of a short. visit me stop by and zoom in on

a farm set up so shuffle and getting tired here i can finish my work. then never get off damien's i next see i t.v. ted sometimes it's bullying. and just how to train extremists and if an extreme is prevailing. in the future agribusiness and robots will be able to carry out nearly every would seem to previously performed by . means of jobs who. these new technologies can survive economically both but that much in the way of justice and that could endanger capitalism itself. who would be able to purchase all the nice things mass produced every day and there are not enough people who can pay for them with their wages.

in financial markets algorithms have long since been running the show computers interact with other computers and fractions of seconds without any human input. in this room that's what we do here we have an on off switch right was there's really no human in our bench and i really don't believe in leaving the room. and letting you know something trade on attempted it's about being there with the creation you know you've worked on. you know even if i don't i don't know you don't control it but you watch it is it doing everything they designed it to do . there are many mathematical models that come out of fields such as horse betting that are used and our business as this kind of fundamental pieces

of algorithmic trading we somehow project and then our couple this society this idea. that that this is a safe environment for people to build up their rear tire meant time is actually a hyper competitive environment and. depending on the product there's there's you know sometimes i feel safer going into a casino than trading certain products in our space i mean. it is a very different world than the way it's advertised to the general public. financial markets out of control and no longer have any connections to reality. while algorithms and robots produce growth they only provide work and prosperity for a few and it's this growth that's destroying our future on the planet. the signs that

something has gone wrong with our system that's become impossible to overlook so why do we consistently ignore them. this is for t.v. the network was always stuck together for your. time trusting a lot better now than i was before i did you know because if they even hire you style you know to me. you guys look like so you obviously don't know what i'm talking about but you know this is a really nice quote i call it one of the most powerful name in financial television wall street week his back yes the news guy bridge actually purchased the rights to wall street leaks i view myself as a capital artist ok this company that i've created is my campus. i know you guys in the media don't like capitalism but you know someone's had to pay for the camera and the microphone so i mean the end of the day capital system is the only

system that we've been able to design that works. let's talk about growth ok there is a perception right now in these elitist academic salons ok now we're not going to grow anymore well that's just flat out wrong if you study 5500 years of human history we know that human beings are designed to have great intellectual curiosity and to innovate there are so many things that we're going to do over the next 50 years is going to shock everybody in terms or keep ability we're going to pull asteroids down from the asteroid belt or a load of platinum that would be where the 1st trillionaire comes from we're going to unlock the ability to stop aging or destroy cancerous cells in our bodies all of this innovation is ahead of us and there's a tremendous opportunity for growth. there's

a sense of desperation to this strategy that we don't want to base a realistic in the world we would much rather have. you know a total fantasy for our guiding star we would like to have this vision that no we don't have to think about detailing christ we have to think about making grows even stronger we have to go harder for it we have to make america great again we have we can all be billionaires we can all we have property empires and of course it's a legit i think it goes back to exactly that same simple basic fact we live in a file a planet that there isn't the space for the dream of this reinvigorated the rest fetich this is. just. we live in extraordinary times our world is becoming. recently complex and many are disappointed to find that they are worse off than they used to be. but instead of touting the economic system they turn to those who have profited from it the most

those who continually promise new growth. for these empty promises more and more people are apparently willing to sacrifice democracy peace and then violent. capitalism has reached a new level of escalation but it's no longer suited to the world we live in. it's and it's closer than we think. after 25 years of importing the world's waste china through the global recycling industry into chaos. the growing pressure for greener skies eves resulting in change we bring you the stories to the shaping the economic world we live in. counting the cost on al-jazeera.

however we've got some pictures. from pakistan and that will be the case over the next couple of days following on from a recent spell of flooding the thick a cloud is a little further north with so much to say wanted to live the showers there into central well the positive the country pushing up towards most of the reason up towards where they stand as about john as well but for much of the middle east is dry and it's halts as per usual it's also the old shallow that the west and possibly around something to watch out for will be few and far between rival pleasant weather is over towards that eastern side of the mediterranean $3031.00 celsius the barrett and 4 jerusalem 31 in karate again that cloud too far away so the flooding concern. with keeping an eye on flooding concerns me saying recently in mecca there will but it just a memory the showers will continue across the southern end off the red say 40

celsius here in doha a little bit of a 39 celsius as we go on through thursday fully to hear me just go on through the next draw and settled by the loss or draw i am 7 whether to across southern africa warm sunshine for 21 celsius or 23 in johannesburg spot the difference big blue skies as we go on through thursday harare the 24. in an exclusive series of documentaries i was born into a very ordinary japanese family. shows 5 different stories i am just too excited to focus on anything else right now from 5 different countries and it was true. but i was most importantly most with the one journey no one in my family has ever been to mecca this is the joyful location the road to has an

al-jazeera. millions of workers a big in slaved in the brigham's of india why i want to waste explores how satellite technology is now helping to set them free on al-jazeera. china slams what it calls terrorist like actions by protesters as hong kong airport gains an injunction to stop them from disrupting operations. i'm richelle carey this is al jazeera live from joe hall so coming up side by side pakistan marks its independence day as its prime minister imran khan declares a day of solidarity with kashmiris. mean asylum seekers on the mexican border who

say they aren't to tears by mass shootings and racist remarks and the u.s. . embassy out traditional bangladeshi farming practices are offering solutions to the modern problem of climate change. china has condemned protested hong kong's airport as near a terrorist acts after 2 men from the mainland were beaten by demonstrators hong kong's airport authority says it's now secured an injunction to stop protesters from disrupting operations planes are flying again after thousands of demonstrators flooded terminal buildings causing mass cancellations there were violent confrontations on tuesday when riot police moved in with batons and.