tree goes from here. now there's been celebrations in zambia after opposition leader k in day july ma was declared the winner of last week's presidential election. the the business tycoon defeated president balloon, go by a margin of nearly 1000000 votes. well that pushed him over the 50 percent threshold needed to avoid run off to g layman, now faces the daunting task of turning rounds. ambia struggling economy. ah, let's take you through some of the headlines here now just here and now all flights out of the afghan capital cobble have been cancelled for at least the next couple of days. crowds have been scrambling to get on flights out the country. also the target bomb sees control of the capital. charlotte, better from cobbler scenes,

is also kale stair. this started last night thousands of people trying to get into the airport. they essentially overran the airport, ending up on the tomic and then clamoring to try to get into any planes that were on the tarmac now, flights have been canceled. i've just seen a video that shows bodies that people have been killed at the airport. it's unclear how they were killed, whether it was in a sam paid or there has been heavy gunfire via but we understand that was mainly to disperse the crowds at the moment. at the airport. it is mean to be secured by international forces, predominantly the americans of which there are $6000.00 special horses not in cobble trying to protect the the taliban took power late on sunday night gathering cobbles, presidential palace fighters rolled up the national flag and posed for pictures hours earlier president joshua bonnie fled the country. the situation is sending

chunk ways around the world, not least. the united states whose military has been enough can stand for 20 years . pressure is mounting on politicians to explain how the country fell so quickly. lazy as prime minister had dina seen his handed in his resignation to the king in the televised address, he said he's stepping down because he'd lost his majority in parliament. at least 3 palestinians have been killed during an operation by israeli forces in the occupied west bank. police say they were attacked during a mission to arrest the suspect linked to hamas in the city of jeanine rescue teams in haiti searching for survivors off the saturdays, powerful earthquake because the country braces for a tropical storm. many 1300 have been confirmed dead. those i had lines, the news continues here now to sierra off the inside story. you can stamp today with all the news, of course, my heading over to our website out to 0 dot com. from talk to al jazeera.

we roam, did you want the un to take and who stopped you? we listen, you see the whole infrastructure and being totally destroyed. we meet with global news makers and talk about the stories that matter on our sierra. it's a della economic crisis made was by philip deadlock, 7 on the dead, retracing and inevitable social exclusion. what can be done to prevent the nation collapsing altogether? and who's to blame? this is inside the door. ah . hello, welcome to the program on came vanelle. no food, no water, no medicine, and no feel for transportation or an a tricity. that's the di states in which

lebanon finds itself after more than 18 months of political and economic instability. most analysts put the blame on political sectarianism and corruption. lebanon's international allies say they want to help the economy, but only of the new government is formed. but that's brought no hope to the millions of lebanese struggling to make ends meet. the country hasn't had a functioning government in 10 months. the situation doesn't appear to be getting any better. the world bank calls them all the economic crisis. one of the was in the world in the last 150 years. the situation is so dire that more than half of its population is now living under the poverty line. tens of thousands of people have lost their jobs, pushing the unemployment rate to 40 percent. and those who still have a salary getting little value for their money. the lebanese currency is all more than 90 percent of its value during the past 18 months. and there's also been a severe shortage of basic goods including few and medicine. most lebanese face

daily power counts for many hours and petrol stations are rationing fuel. bringing a guest in just a moment, but 1st, here's some of what liberty's people are saying. who are that fear? was it done? the situation is tragic and nobody in the country cares. none of the officials are listening to us or extending their hand. and that's why the american universities calling on the united nation to unicef to the world health organization. these conditions are unbearable sheet. i feel we got a mile minimum of what's happening is unacceptable. especially in a car with the smuggling that's happening 24 hours a day. in the suburbs and border areas in front of everyone's eyes. people are desperate. there's no electricity, no generators, no medicine, no life. what are we waiting for? how long will we remain this way? we're all desperate enough. unless you people pay attention to yourself, you should not use the black market. if you find someone cut off on the road, i would give fuel if i had it and fill it for him for nothing, not charge him 500000 lebanese pounds for fuel. it's a shame i live in, i'm not in

a whole lot. we are the only one of the largest bakery has stopped beginning of the area. so the pressure is almost due to our war production. we will only given a 36 funds. so if the classes remains that we will not be able to go on for more than one week, i don't know what to do. i'm working with everything i have. i'm not hiding. i can flow on. ah, i let's bring in august then by routes. patrick martini an economist at leading whole international for market solutions in paris. joe mac. wrong a fellow, the arab center in washington, d. c. and from bar tune in, nor the lebanon hoco women, head of the international crosses, groups iraq, syria, levon on project. very well. welcome to you all. i'd begin with with you if i may, jo mac roll. most recently, the most recent tragedy to happen in lebanon,

28 people have just died on sunday, in a fuel tank or explosion lining up to get fuel fuel, which was probably smuggled men confiscated. the unraveling in lebanon, seems unstoppable. what's your sense of where things are at and whether hitting i mean this is the absence of the state. we have, we still one of those governments with the last 2 years of business that conditional social mismatch corruption. and now we see the black market basically taking over over the medicine, whether the fuel and their initial sources. so we see a government based she's, i was ever done. she told the government, we reached a point of teachers and we see that every day that the army and they keep

getting walked in by the army or did the over stretch or no they manage. busy so not only it should be provide the right direction, but on the other hand, we have not received and i'm not sure how, who sure hike of women is that your sort of take do you agree with that as well? just on the fuel front to me that obviously scares the fuel subsidy was meant to ease things. now that set to end because the central bank can't keep up. i mean, what's going to happen? yeah, i mean it's, it's clearly it's, it's quite clear that you've reached a critical juncture,

the politically lead to people in power. i've been really taking the candle the road for the past 2 years and avoiding the decisions that are required to to get out of this to depend upon the bottomless pits and they have avoided them. and so we are getting deeper and deeper into, into the bottomless pit. so, i mean, they, they remove the subsidies so that no longer there would be an incentive to, to smuggle fuel to syria for instance. that so that if people pay, pay like international prices for lindsay and diesel and finally that would be enough of it. but of course, i mean, we think about what that means. i mean, it's really were to happen means as of monday or tuesday,

if it's really implemented, you know, people will have to pay for 5 times more. for benzine, for d 0 not mean. simply, i think a huge, huge part of the population cannot afford. it means a lot of businesses will have to close down because they cannot afford it and it's yet another turn in the cycle in the downward spiral towards mass poverty. reading a bit of a rude petrik, montana. you're an economist, the central bank says subsidies can continue if the government can possible to allow the use of the mandatory reserve. obviously the country doesn't have a functioning government. so ah, monetary policy make is being held ransom here. so actually, i don't think it would be a good idea to continue in the subsidy process. so i don't think it would be a good idea for the government or the parliament to vote

a law that allows the use of the required reserve. the tragedy of to day, the b explosion that happened in our car and all the fighting that we see every day in the queues lining up at the gas station. all of that is due to subsidies, subsidies of medicine and fuel lead to shortages of. busy medicine, and if you will, in lebanon. so even if people to, they want to work to reduce, to get out of the crisis. they cannot do that because of the shortages of gas, which means that no transportation and the shortages of fuel means no electricity. and you cannot produce anything without transportation and electricity. so the problem of subsidies is that the government intention was to actually use the crisis using those subsidies. the unintended consequences of this miss guy. the policy has been catastrophic. it led to bloodshed today, but also it led to basically blocking any possibility of getting back production

and getting out of the current crisis. so i don't think it would be a good idea to continue in the subsidies. i think the subsidies should be to be immediate. so what then, what kind of a subsidies are to blame? how do, how does one ease the suffering in the short so basically the 1st thing we need to do is to cut subsidies to repeat them. and the government did not do that yet. today, the price of fuel are still at the subsidized level. and that's why we still have shortages if tomorrow morning, the government issued the new prices of fuel and those new prices are not subsidized. then the crisis, the fuel prices will end immediately, right? so the 1st thing would be to ensure the availability of those goods in the market. those fuel, the gas, the diesel, to the market by lifting subsidies. on the other hand, we need to allow people to be gained from purchasing power and duties. and people

have been losing purchasing power is because of expansion or monetary policy. we've been printing me crazy in order basically to allow the one that is ation of debt and deficit. and this is the reason of hyper inflation and cognitive evaluation. so the solution to help people is to actually strengthen deliver these pounds because their income is in liberties pound. and we can do that by stopping the printing of money. and this is one of the form that has been discussed today, which is to actually installed a currency board. a currency board is going to be the 4 that will strengthen the lead off and help people recover some purchasing power. okay, can i just ask you on that? and i'm sorry if this, if this question comes across a little simple, but haven't government all around the world been printing money to get through the corona virus crisis? what is that? what are the other factors that play in lebanon that have, you know, cause it to have such a negative impact? sure, or lebanon has been in a crisis before the court on up and then make it kicks in. right?

so we had a negative growth and we have a loss of thrust in the currency in the liberties pound and we had the banking crisis. other countries don't suffer from those challenges as well. so they have some margin to print money without seeing the direct impact via inflation immediately in leather on since we did not, people did not trust their banking system, where we call the banking system actually collapse. i mean, they had good reasons to drop that right. printing money meant that people would systematically ditch this money and try to convert that into the more safer and secure us dollar. so in the specific case of level, since we already had a banking crisis and the government had already defaulted on the payment of fuel bonds, so the government is unable to pay back that we had a big crisis and printing money in the middle of this crisis. meant systematic hyper inflation and the valuation. ok. all right,

i'll come back to you joe macro. there's been no government for what? 10 months now. no functioning government. how has that happened when working to, to government because where there's no net can manage the cost to ship. we're still time additional. there's a vertical submission form or by mister and he has support basically what's going on with the law and the government because one of the base if you back out and we have also the extended direction should push for the reach confusion where everybody was expected . so i think the election is approaching was how to get it and don't we don't to invest the residential did that. and we have also been given

lots of dysfunction in that class. and it was like, well can you pick up the gas like you don't have a buffer. the big issue is going to be for the big or somebody has to go with an aquatic, right? recall text voice or the collapse. so you need to go, which would be just the case. so any level has no meaning unless you have really a government does want to get a resource in greece. and what was the last to get reform? learn big decision that base their own

personal into the they have very hard and this is why the government question moving forward. so when the, when we call that, i don't think the living technically politically to take home was ok, hike over me. and do you agree with that assessment once you take on why the various prime minister designates, have been unable to form a viable government? yeah, i think, i mean, i mostly agree with joe on this and i mean there is and as, as clearly being between especially between alan and your very, very strong personal dimension to personal acrimony really. but, but i think if we, i mean, if we think about for a 2nd about the decisions that joel alluded to,

the massive big decisions that are to be taken. i think we realize that even if tomorrow the current con candidate, i mean, he may be able to make all of them seems like you ation looked, doesn't look as greek on that front as it used to for the a few weeks ago. the question is really, i mean, can you government has that may be in state to actually take these decisions because it means moving against a very, very powerful vested interest. and it means paying a high political cost or major political players agreeing to bring to paying political cost. and they're like, just that mean a few things you can mention. you know, so the banking system is completely dysfunctional and bankrupt. you have to allocate the losses in the banking systems that may amount to $60000000000.00, which is about 3 times up the current size of the economy. you have to, you have to distribute the losses. you have to perhaps restructure the banking

system. and that of course touches on questions of ownership and then about who's paying the price titian's linked to the banking sector as overlap or there we need if we need an order of forensic audit of the central bank, the central bank has to be cleaned up before money comes in the country, nobody will put lot dime as nobody else will put money into the system. as long as this is not cleared up, i want to, i want to go there and just i want to touch you there. i want to i want to ask about the international donors because you made that point there. about money coming in. international donors have pledge to help contingent on a new government being formed. and i want to put that question to patrick martini. is that fair and what difference would that international money make? when it is clearer as your guests have already stated,

that is very hard for the liberties to form a government. let alone have the government implement the forms arrive. international aid is needed in love along giving the size and the magnitude of the crisis, but to the international community have been very wise tending policymakers in lebanon. i won't give you any penny. if you don't implement specific reform that would actually help your country. because in level on we have received a lot of aid in the past year. in the past decades i say, and a lot of loans and all this money have been used inefficient wait and look where it levels. so this idea of conditioning money to reform. i think it's a very important idea because even if we have a government that is form, if the government continues to do the same, all the policies that lead us to collapse, then you know, if you t, the government won't be very useful. you would need

a new government that is willing to engage in hard reforms, and those are the for, after the clear, you need to lift subsidies and it has a political cost because people do not like that. you need to set a currency board. so you need to stop printing get money, and some bankers won't like that because they would love to reimburse or the dollar deposit and live. and he's found, you know, used to live and he's found you need to open some sectors. the competition, namely electricity, the government is unable to run the sector and those are all harshly form with the government be able to do those in the form. if for me, that's the real question. ok, joe mccall, is there something inherently wrong or perhaps in need of an overhaul about the countries power sharing. struct. this inability to energy this production on every level the sure the way it's imported. i think it

was i'm not usually a big finals transition. slow way to get this budget. whoa, cutting district budget and government. so i think carol should be priority more work. if you didn't, you just to pay just the private. the last one will be one hour just the private. should they want to pick a job with some sort of at a low risk point or what and the legend. i don't see that we wish. ok, how can women,

does the public do you think have any faith any more in the political class? and if not, how do they get that confidence back? well, i mean i'm, i'm perhaps not the best person to speak for the 70 public or such. but i think, i mean it's, it's, it's quite clear that, that the, the leaders have failed their constituents. and i mean, i mean, we received these like moments of anger, the protest, rioting, and violence that happened time. and again, at the same time, i think, also realistic. i mean this, this country is, is entering into a vortex of, of poverty. right? so the latest figures are like 80 percent of the population. i'm

a poor according to the world bank and it's going to get even worse. i mean, in this situation, people may, those, those leaders are but they may still be dependent on them to get whatever is left of public service services or public resources. let's not forget to security situation has also been deteriorating and will continue to deteriorate. so nowadays soldiers, policemen, and $5060.00 a month rule is going to put his life on the line to guarantee security for that amount of money. so i mean, so very soon it will also become a criteria for not necessarily trust, but for dependency of that people have a political leader where, where the discipline could to can fuel and sure physical security in an area. so we, we are looking at a situation with a state, the roads, and the population will rally behind anybody who can replace even

a very perfunctorily those services that the states mr. private to provide. ok. patrick, when they come back to you, you will always, you can bring talking about these hard decisions that in the future government needs to make your advocating for the lifting of subsidies. what short term impacts would that have on people who are suffering? because, according to the united nation, 77 percent of households in lebanon, can't afford to buy enough food. i mean, where does that leave those people who are already going hungry? absolutely. so the main reason why we're in lebanon to day is high for inflation. and the currency, the valuation, right? that's the real reason of the problem today. and the high inflation is due to printing money. that's why we need to do monetary re for, to ease the suffering of people and to strengthen their liberties. now,

about subsidies. today people are unable to find fuel gas and medicine at the subsidized price. they are already being the non subsidized prize at the black market. so we are actually living this situation already. the only difference is that when we live subsidies, we want to have to go and buy our fuel on the black market and we are not. we are uncertain about the quality of this fuel. and there is physical danger associated to it. as we have seen in our garden earlier this morning, right. so actually getting those commodities back to the market, illegal way back to the gas station where they will stop competing on serving people instead of kicking people out and then said, and then trying to sell them those fuel on the black market. that's what, that's what is happening today, right? so basically, you, we, we should go back to normal where those normal suppliers of fuel and mexicans are

able to operate really and for the population. this solution, i mean, the international community, specifically, the french initiative, had some ideas to help the population by starting a currency board in level. and the currency board today is able to reduce the exchange rate to strengthen the new year off by like around 50 percent. so basically you are able to increase the purchasing power of the population by more or, i mean by, by quite, quite a lot. if we do monetary re for this city for is independent from the fact that subsidies shouldn't be lifted in all for people to be able to get back to as you say, a lot of difficult decisions lay ahead. we'll leave it at a time. thank you very much to all of i guess patrick martini joe mac roll and women, and thank you to for watching. you can see the program again any time by visiting our website onto sarah dot com. and for further discussion, go to facebook page at facebook dot com forward slash ha inside story. you can also

join the conversation on twitter. handle is a inside story for me, kim vanelle, and the entire team here in the me. madagascar, a breathtaking tropical paradise where its former protectors are now under very we followed their journey as they put their lives on the line. and this is risky. it's all madagascar and algae 0. if you are looking at this from the outside, you would really wonder what was going on, what, what is this growth is a religion that they have an in depth exploration of global capitalism on our

obsession with economic growth. this is still the center of capitalism. there is no limits. i view myself as a capital artist. we are trying to bake in the world, smaller and smaller. we don't want to be so realistic in the world. we would rather have a fantasy growing pain on al jazeera who's who's

with me i desperation at kava lat, pole. people attempt to climb on bold plains off the tale bomb takeover. now all slides have been cancelled off to taking charge in cobble taliban leaders. and 5th people have nothing to fear. ah, i'm tammy say down the boundaries there alive from the hall. so coming up more bodies the poles.