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tv   Growing Pains  Al Jazeera  September 7, 2020 11:00pm-12:00am +03

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and similarities of cultures across the world. news and current affairs that matter to you. the. the earth. hello i'm barbara starr in london these are the top stories on al-jazeera saudi arabia has overturned the death sentences of 5 people convicted of the murder of the journalist. they've been given 20 years in prison instead i should use fiance called the sentencing a farce while a u.n. investigator branded it a parody of justice alexia bryant reports. the saudi hit squad accused of killing journalist jamal khashoggi was caught on camera landing in turkey and entering the kingdom's consulate in istanbul that's where a prominent and well connected critic of saudi crown prince mohammed bin selman was
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interrogated killed and dismembered but while $21.00 men were detained by saudi arabia over his murder and 11 went on trial much of what happened in the courtroom remains a mystery the trial was done in secret and closed trial that there was no international observers in the hands of the victims or the accused were not published. and there's no more. appeal possible so the nature of the evidence only in every technical part of the trial or most has been questioned by. internationally accepted judicial standards last year 5 of them were given the death penalty for the killing but that's been cut to 20 years in prison 3 others have been given sentences of saving to teen years and will say is calling a fast i think. the whole verdict seems to me to have been manipulated and i way they used of course they get behind
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a fig leaf according to practice legal practice in saudi arabia and the family has the right to commute any sentence and the family has issued as such they flourish and most probably under duress i don't think it was done really knowing the family . knowing a man so i was surprised by their 2 official gee sounds made the saudi king and crown prince in the weeks after they found his killing the cia and other intelligence agencies have said there's a direct link between the crown prince and the murda the case caused worldwide outrage and tarnished mohammed bin sahlins reputation but several of those in the hit squad coming from. in his in a circle though he denies involvement the u.n. experts who investigated murder said in a series of tweets the saudi prosecutor performed one more act today in this parody of justice but these verdicts carry no legal or moral legitimacy she went on to say
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that crown prince mohammed bin solomon remained well protected against any meaningful scrutiny in his country and that the verdicts can't be allowed to whitewash what happened the saudi prosecutor says this causes the case both privately and publicly many though say justice for shoghi has not been served brian al jazeera. opposition leader is missing after being snatched off the street by mass the men and taken away in a van in the center of the capital minsk maria kolesnik of a has played a prominent role in the weeks of demonstrations that handing the president's resignation she's one of the 3 women who joined forces before last month's disputed presidential elections to challenge alexander lukashenko and she was the only one left and bill of rights. the german hospital treating kremlin critic alexina valley's says that his condition has improved allowing doctors to take him out of
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an induced coma german experts say tests show that he was poisoned by the nerve agent novacek. india has surpassed brazil to become the country with the 2nd highest number of corona virus infections its reports of the world's largest daily number of infections for nearly a months now more than $90000.00 on each of the past 2 days. meanwhile spain has become the 1st western european country to pass half a 1000000 cola virus cases spain saw a daily increase of more than 2400 cases this fight stringent measures on face masks and social distancing being in force in recent weeks during its 1st wave of spain and forced one of the continent's strict this that lockdowns growing pains is next more news of half an hour of my. ready
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ready. they view growth as something positive. it's great watching our kids grow up or seeing a tree grow. it we always aware that all growth must come to an end. there's 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 how most 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. has one person recognized the 150 years ago growth is the fundamental principle of
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our economic system capitalism only works when the economy grows but call marx recognize something else as well it is this growth that will eventually destroy the system itself. and today. every reach that point is the system about to collapse. at infinite growth actually be possible. the governments don't want us to even question the g. word they don't even want to put the discussion around growth if you're looking at this from the outside it an alien arriving from outer space and you're 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 is a religion that they have is the god that they're chasing is the virus that's taken over them. what is this visceral fia that emerges as
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soon as growth starts to go away. and he says soft one of storm colors garnished gave the veil to be defined as a dimension the of it was not a levels you didn't talk vox storm in stand us. all to go i will talk facts them style gets built out sucks them in spine and i see even if i as the
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audience votes us maximina well what is being though is just the politics just senior level of excellence to but it went up and and because if what. mediums he politique we can come. that's a veil on a bit of a fickle. as along as mention of the planet and keep to do with mizuho the box to long 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
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there was a lot there was able to perform much wartime miracles to build more planes that 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 can elect policies in line with it from then on it wasn't people's 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.
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across the world it kind of symbolizes progress to us sort of says while things are getting bigger so they must be getting better that was the birth 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 anti 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. that and the economy in the grace of economy was doing a good job force when when we were young if you like when as an economy as
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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 that's a that's a situation where growth makes some sense. but the idea that human beings all we want is more more stuff doesn't 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 grow the economy to satisfy human appetites. playing the 1970s so our growth rate sink for the 1st time due to the oil crisis and other factors the boom was over the market saturated western economies stagnated millions suddenly found themselves unemployed it was uncharted territory
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. for the 1st time the limits of course became visible economically socially and ecologically. we do have some understanding about growth. in 1982 a group of scholars commissioned by the club of rome presented a report in washington and titled 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 they're 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 grow it could also have negative consequences and that the planet's natural limits would soon be reached the success story of growth was in crisis we've reached levels of prosperity which carry the seeds of disruption and necessitate
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a complete relook at the whole world social political and other situation. the club 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 it's impossible to admit the end except. the success story of growth must continue. unfortunately many of us called us predictions turned out to be right and in many cases reality even surpassed the bleak predictions. as the cover for all 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
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not much of. that is left since the mid eighty's progress aided by international investors has been eating away at the rain forest 35 football fields of forest disappear every minute it's been the same story over and over again lumberjacks moving 1st thank cattle breed us and finally the starving parents. along that last. misquoting of one point containing as the insignia on the nail your. aspiration on what automation home given we shall not approach government and i. believe school fairness he leered of being to god but on knowing that god is following the cie intone there is this as i'd as i have the ear wars or the dance of the fuzzy and the keep thing there. were stamped their heads they
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are. in as good as us are just below the g. of us both them slide plimpton the meal you meant them to mean by you. must or no muscle loss when you see a pick your cup down must own all who are going to wash. them are. gap is there viii god don't keep pasta. for the sestak lucia's ain been a fierce with who said want you. to see my. the tropical climate and there were $3.00 to $4.00 harvests per year and with that massive profits soy and corn for export an animal feed. i mean $163.00 is the gateway to the amazon basin at both lumberjacks money and destruction into the forest. today countless trucks lined the agribusiness highway transporting their valuable cargo to the international courts. they pop. an endless
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sea of soybean fields enormous silos and slaughter houses to one of the largest regions in the world growth rates of up to 20 percent business. and the seventy's is region it was just lived by indians it's just amazing forest. 3040 years just off colonization and it's the most important region nagra business off the country. it's a do it right place to make new investments to make money. 'd you carol a good market exported to russia china and in other countries.
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they see any limits no limits to discover they have and limits. in response to the crisis of the seventy's economic policy underwent a change of course new growth had to be found no matter what the cost even if that meant only using the premise forces of china's capitalist. these had been contained after world war 2 because there were hundreds possible 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 cool that additional money in the economy would help
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really best that would help give a small production that would allow us to consumable goods and we would get growth back again so this little hiatus if you like in the seventy's primarily caused by the oil crisis led to a transformation in the economics of our society and in particular how we think about grace and how we think about stimulating growth i. governments deregulated financial markets banks insurance companies and investment funds going to influence and we're now allowed to gamble with currencies stocks even with people's retirement funds capital was let loose and the financial sector was flooded with my. divorce a pact with the devil and the beginning of a slow process of self disempowerment in exchange for growth governments relinquish
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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 europe's biggest insurance co and one of the biggest players in the global financial markets. it's been fun for 600000000 oil the from from 400000000 leaving so see shown at 400000000000 for the software c.e.o. in the lame so say showing leading via the foresaw good ones o'quinn lifeless to she went on my country to so for stay in. the us via some us period of figure one inch owing base your pick your own inbox in uk to is it wolf insecure. and the same box to part it's a peon so buy spirit box in investments invest it to one in it will be in an
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in foster investments in autobahn and when the tulio in the city take. the summer was one of them also disclosed in in china therefore also a show although some kind of model both. in the developed markets in europe and us . they also know new life wants to be seen which we could never knock to a finance if a few of what's in it. is if you put sand high fashion mission via in so going to in this t.v. visteon i sucked in him obedient it's at the law. as a given in the token fini gun openly given me a in didn't shred and then he can and then who will his facts to mean decent and none mukesh to the left eye doc and i defend it and the chaff to his sister to
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mistake new trick is to stop it going to push it into over that i knew was an invoice spent 9 as ish much to me i'd have it torn if i was to meet forced. thank you sandy 6 a gothic anointed guy yahia will miss he felt he could think. up the sox to a cold case for cost by this thank god to 6 months i thought to. look for cost beyond. the one 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 their return on that game and the
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moment there is another agenda. well why i'm commander just 1.2 trillion euros obvious it's and in germany we're managing 490000000000 euros of a sense of. the financial markets they have a social role in distributing people's savings towards investment and that investment is usually a form of death so when you you take out a loan for example to buy a house that line could end up in a bond 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 and when he said 20 just. imagine a world with 0 growth that's
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a world in in which pretty much everything gets frozen if you haven't got a job in this new world with no growth bad luck. you're going to have to wait for somebody to retire before maybe you get their job . a society without growth probably won't work at all not for long. it will 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 isn't it rather the blind faith in growth that leads us to chaos. in the eighty's 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
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today financial markets not governments determine their wellbeing of anti countries . how did it come to this how could financial markets gain such influence over our lives. one person who knows the financial world better than almost anyone asked you at college for nearly 30 years you were the successful fund manager on wall street and in the city of london. no i never plan spewed from lunch when i was a scientist and i've been offered 20000 pounds to go and stone wall street in 1008 . and i was one of the worst i was the beginning of. and we went into the new era of reagan and liberal trade the so-called big bang in the city was all about financial deregulation let's go let the market decide and let's hire people and let's see what happens yes i suppose this really kind of
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control that is here which we've had before and it was that we walked into where money now talks now money wins and you need people small people to trade the markets and make finance the powerhouse behind capitalism which is supposed to be. the plan seemed to work the stock markets build roads no longer needed to be financed by increasing wages and tax revenue now it was all about credit governments and individuals whether to take out loans from banks and investors. so that they could be good consumers and thus generate. credit cards come along overdraft so to use lending for houses becomes widely available and it's at that point that explodes that now it's not just the very
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wealthy have access to all these things consumerism is now people lower down the income scales as well and if you look at money supply in the in supply credits in the early eighty's it just explodes. has been access to consumerism and promotion of current consumerism close debt which is created the growth we created and where we are today. the cold logic of the market took over producing winners and losers. one of the people who knew best how to profit from this new logic was donald trump . i really think i have an instinct but i don't think it's the instinct shark i think it's the instinct of of maybe getting what i want or knowing how to get what i want. only if you recognize the profit opportunities in this new era as well as
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donald trump he made large scale purchases of derelict new york apartment blocks and promised to transform them into next 3 hotels and apartments to see financing from banks high on the market boom and through the largest tax break in new york city history trump himself had practically nothing move heaven is an incredible place where you build a huge building in a sold out in a matter of days i mean you know you build a building with literally 3 or 400 units i'm building a building is one of the hottest buildings anyone's of the scene is just selling like hotcakes and then hatton itself is becoming a place of the rich period. the genie was out of the bottle the brave new world of finance or capitalism could no longer be constrained and great efforts were made to set it as a controllable and secure system. the whole industry is based around
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a kind of illusion and the illusion of certainty there is a vested interest if you like inside of the system is to project knowledge and extra knowledge. but they really don't have any more knowledge than you can. image and change the way we see the world it can spark mass action or serve the interests of the powerful it can obscure the truth for narrative and rewrite the listening post gives you the front picture on. the health of humanity is at stake a global pandemic requires a global response. w.h.o.
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is the guardian of global health delivering lifesaving to lose supplies and training to help the world's most vulnerable people uniting across borders to speed up the development of test treatments and of that seed keeping you up to date with what's happening on the ground in the ward and in the lab now more than ever the world needs w.h.o. making a healthier world for you. for everyone. all i want to stay with most outstanding my wife rest internment and mass indoctrination all we go children are now in a process of reeducation or chinese assimilation forced labor and the use of high tech surveillance were being complicit in the here rights abuses that are carrying an australian investigation into china systematic repression of the weakest tell
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the wild on al-jazeera. the. the. hello i'm barbara sarah in london these are the top stories on al-jazeera saudi arabia has reduced the sentences of 8 people involved in the murder of journalist jamal khashoggi at its consulate in istanbul in 2018 last year 5 of them were sentenced to death for the killing but that is now being cut to 20 years in jail the others have been given sentences of between 7 and 10 years saudi arabia refused all calls for the men to go on trial in turkey abella who see an opposition leader is missing after being snatched off the street by a massed men and taken away in a van in the center of the capital minsk maria kolesnikov a has played
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a prominent role in the weeks of demonstrations the man being the president's resignation she's one of 3 women who joined forces before last month's disputed presidential elections to challenge alexander lukashenko and she was the only one left in the roofs of the berlin hospital treating kremlin critic alexina valley say his condition has improved allowing doctors to take him out of an induced coma he was flown to germany last month after falling ill on a domestic flight in russia german experts say tests show that he was poisoned by the nerve agent and of a child a statement from the hospital said he is now responding to speech and they're trying to wean him off mechanical ventilation valley's fellow opposition politician you above sabol has released a video message calling for a criminal investigation in russia. when they fall for who are a see you in a volley ball into a coma in russia and he's a citizen of russia so the authority should investigate in russia why you fell into
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a coma and who poisoned him not just because angela merkel demanded this or sanctions can be imposed but because it was an attempt to kill a politician in russia it is very upsetting for a country that such obvious truths need to be spoken aloud and repeated but i would pete and demand an investigation takes place into the attempted murder of a public figure so we can officially named those who poisoned the vul me. india has overtaken brazil to become the country with the 2nd highest number of corona virus infections it's reported the world's largest daily number of infections for nearly a months now more than $90000.00 over each of the past 2 days right growing pains continues next i'm going to have the al-jazeera news hour for you in just under half an hour hope you'll join me then.
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the view growth is something positive. it's great watching our kids grow up or seeing a tree grow. it we always aware that all growth must come to an end. there's 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. as one person recognized the 150 years ago growth is the fundamental principle of our economic system capitalism only works when the economy grows but call mox recognize something else as well it is this growth that will eventually destroy the system itself. and today. every reach that point is the system about to collapse. at infinite growth actually be possible.
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the bloomberg company from new york place a central role in the financial system since the $980.00 s. bloomberg has provided stock traders and bankers with lightning fast price fluctuations and finance data from around the globe making it one of the world's most influential media companies. around the clock bloomberg news agency in stock market channel broadcast the glad tidings of the free market. our role in financial markets is as a provider of transparency i would try to provide a huge amount of data you should not have numbers on markets on economies all companies providing a chronicle of capitalism tell a story of money vitally important to bloomberg and central to what we're about dollars. dangerous is one of most important numbers we look for. on the on the state for the economy steady solid growth in financial markets do usually reflected in solid growth. in economics in demand
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in jobs markets reason is that people feel wealthier if you look at the textbooks there should be no limits to growth but if you look at the newspapers at the moment you get the feeling there is a. growth in the central question now is whether we're in a cyclical slump or there's something structural is going on. just. by release of systems based upon people remaining to have confidence in the information they're giving out and the promotion. of the ideology and the narrative which finance is based around which is increasingly become this kind of game show croce things. for a period time everybody wins. and then there's you know a number of economists marx keynes and pointed out is eventually all these means go on and the question. to those heavy lobbying by the
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financial sector on the government to ensure actually that this financial sector growth could continue and governments believe that it was in the interest of the economy because everyone told the monitors and told them that if you had all this liquidity in the system then you must be growing your real economy but actually what was happening within that system rather was that you freed up all this money which was then used to bet on the increases in the value of certain companies and certain shares and of money itself in the system and the people who were doing that betting were not only profiting from it but they were also the only people who were regulating the system so it created a huge unstable and incredibly. equal system in which the rich got very much richer really very fast. for decades society has been transformed into an enormous market to which there's
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allegedly no alternative. the huge sums few in the financial markets scream for high returns and have penetrated every corner of the globe new ways are constantly thought to expand profits already in the tree is. the road seems to be getting to small for the capital. when i was a kid i couldn't afford to fly in an airplane i actually joined the air transport industry before i ever flew in here. today people take flying for granted it shaped the way we buy goods it shaped places people go to shape the meetings between people and different cultures. over the next
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20 years we expect the world to meet 32000 new civil aircraft. at the moment around 1000000000 of the people who live on our planet fly by air regularly. the remaining 6000000000 don't yet fly by air and it's these people who will be tomorrow's passengers and tomorrow's customers in addition for those of us in developed countries who take flying for granted. have to live over the last 6 years more than 100 brand new airplanes towards airlines in china. on airplanes they're missing days the changes. that take them.
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as our years a tale that are something to turn the bible belt. up says i do well to. walk i thought i was up that's about to get the audience right but currently we have a slightly montreux 100 apples. in china they tend to and every year in the range of 10 or 15 and you have false want to be viewed imagine if everybody cannot fault the travel expenses even the peasant was low cost the business water a worker is willing to travel by the marketing is fantastic you can't imagine and i i already seems that this is a sign of that that's why when i look at it every time i must come out of the
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perspective of the market i cannot imagine as a dime ation of this market when i hands of reference of 1400000000 which is even more important than the whole of europe and more atrophy means more pollution what do you do about that. we made every single effort to try to reduce as emissions but if we look at it as a social benefits and as economic benefits as education industry or bring to the humanity and then people may think in differently we. are trying to make as well as smaller and smaller. to make it a real village. for
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decades growth was kept on life support with that 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 to 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 gong.
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the long run i'm confident that our capital markets are flexible and resilient can deal with these adjustments for a long time so. there was a deep shock in the system it 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
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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 are subjected to a sturdy policy is under which millions of people suffer to this day. thanks to the stock markets however to demonstrate a sense of normalcy as soon as possible in reality nothing is as it seems captain isn't 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
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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 an honest 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 and banks that's interesting they're mixed. but it's you know if i mean just change the crowd are. human beings want
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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 skills 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 the underfund and the new york about the van that fell from 2000 mention of the market. committee of other dimensions in them to get attention because you're going
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to just fall into one of these instructions tells me it's in the wind as the hell is defense hot in the house and 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. in jackson cause the decide to vote want to name in me a given of every just a top 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 that stuff compels if you have been with our side long outside but it was in one town about kind of talks to me getting tied to give in is in quotes since trying to balance and cause them to mock police towels on competition day until just one day early kid up. i think will be seen over the last few years is cracks in the in the shiny surface
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of capitalism. and the 1st that's what they look like in a. just look at say 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 go right so 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 smart factory in the uk see this is just. a little too long. in the schmidt on the one it's young con and he said of all
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opinion. the tradition is as long as it's you just. study a couple it seems to be a hobby like a little slow. down on a lot of. unix boxes been diminished. vomits that's in the city on the bend us on the on the bad self you can find don't understand and this is all fine not talk as it's box that was on the tube is that's in the book as that's come most mishmosh least. ever since the industrial revolution machines have been replacing you label that by causing great societal upheaval it's. that until recently they have only replaced the physical labor of humans. now machines are capable of doing what makes us humans unique they able to think it's a completely new chapter in human history which will have massive consequences on
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how we live and work. can't. acknowledging thanks watson can. i.b.m. watson is a technology unlike any that's come before because rather than force humans to think like a computer watson interactive humans on human terms. so obsessed interested in his own mind with him because of cognitive often stunt this does assist him enough to compliment him. on dom it's even a start in kids and then get an insight and system in how to bite something lengths unemployment's in full view not find the discus something contexts into the tube in heaven to sustain him begin to laugh when time goes the toilet doesn't pass also do 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 make special motion to great great gesture. as
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well as pick the right to a story ratio gets yes you can be able to do it the right people don't just look at me michael himself will interact with thinking of a short. way it. isn't me stop by and zoom in on a farm set up to shuffle and getting tired here i can finish my work. then never get off the indians i next see a t.v. ted sometimes that's bullying. and just how true in extremis 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 serve i think another growth but that much in the way of jobs and that could endanger capitalism itself. to be able to purchase all the nice things mass produced every day when there are not enough
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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 unintended 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
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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 met 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.
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financial markets out of control and no longer have any connections to reality. why the 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 the a 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 had to tell it 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 i want to be the most powerful name in financial television wall street week his back yes the news guy bridge actually purchased the
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rights to wall street leaks i view myself as a capital artist again 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 at 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 that's 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
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this innovation is ahead of us and there's a tremendous opportunity for growth. there's a sense of desperation so 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
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fetich this is. just. we live in extraordinary times our world is becoming increasingly complex. and many are disappointed to find that they are worse off than they used to be. but instead of doubting 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 is no longer suited to the world we live in. its end is closer than we think.
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well i was looking rather wet sand at times windy across southern parts of australia but this long line of cloud outs of pushing right down through the pipe that's all making its way further east was ahead of that with season right warm weather in adelaide for example this system will push its way through and they'll be something like a 1011 degree drop in temperatures so 19 celsius the high in adelaide on cheese day off then some wetter weather making its way across victoria and eventually that will just take the edge of that 24 that we have in sydney for a choose day there were 19 is the cloud and rain sweeps same as we go on into weather stay fresh the weather coming back in behind have told the west it should
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be largely dry at least for a time rain will come through later on in the week weather also making its way into south out of the new zealand as we go on into wednesday and it will gradually continue to push its way further east which as we head towards the weekend me mom places say because rank clearing away from the korean peninsula prices sky starting to push back into southern parts clear weather tucking in here are all typhoon at tropical storm that's going to continue sweeping its way further north was weakening as it does so some heavy rain for the far north east of china but to the south. pandemic. family comes 1st. for every american health care has never been more important. because the new disease does not favor republicans over democrats bridge over poor or black over white. america decides how to care for
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a nation. extensive coverage of the u.s. elections. on al-jazeera. on mexico's busy roads there are those who've had enough. i can list said taking to the streets on maps. their objective to make the streets safer alternative cleaner forms of transportation but will it prove to be an uphill struggle for this group of activists over the wheel do you find that on al-jazeera . you have to choose between your site and feeding your family what do you do and it happens because we don't keep ourselves healthy when us son could face death from a dog bites want you to carry this new car the cost of getting to a choice can you afford them. films about inspiring solutions to global
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challenges e.g. selects on al-jazeera. al-jazeera. hello i'm barbara sara this is the al-jazeera news hour live from london thank you for joining us coming up in the next 60 minutes the 8 men convicted of murdering saudi journalist jamal ashaji have their sentences reduced the bella who said the president is accused of trying to eliminate his.

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