unionized as well. while the result at another amazon facility in alabama remains in the balance tension now turns to another new york amazon warehouse due to hold a unionization vote next month with this victory still very fresh in their minds. gabriel's ando al jazeera new york. now american act to will smith has resigned from the oscars that, sorry pod me the hollywood motion picture academy after he slapped comedian chris rock during the oscar ceremony. that happened after i made a joke about smith's wife. the actor walked on stage during the award show and smacked rock in the face. smith went on to wind the best actor award for his role in the film. king richard. he's apologize, but the academy says it will move forward with disciplinary proceedings against him . ah, don't you deserve me civil rob, reminders of all top stories,

the rival sides and yeomans nearly 8 year war have agreed to a 2 month treatment saturday. both sides also agreed to allow our fuel shipments into the had a to port and to let commercial flights operate from the capitol center. the truce, which shares the possibility of renewal, coincides with the start of the holy month of ramadan. it opens the door with it. i see yemen is urgent, humanitarian and economic needs, and creates a general opportunity to restart yeoman's political process. these truce must be a 1st step to ending yet men's devastating war. british military intelligence as an attack on a russian field, epo were likely strain. their army is already struggling logistics. ukraine denies it. carried out the early morning helicopter aid in the russian city of belgrade. international committee of the red cross says the convoy to help people leave the besieged city of mario paul was forced to turn around the i. c r. c says that he

was also unable to leave humanitarian aid behind because it did not have permission from russia. the convoy had turned back to chopper each year. the lineup for they woke up 2022 open games a set the draw to decide which teams will face each other took place. the host country, cat, pope francis, has apologized for decades of abuse, suffered by indigenous children in canada. 150000 children were forcibly separated from their families and said to church when schools. the pope, whose head of the roman catholic church describe what happened as deplorable workers that an amazon facility and new york voted to form the company's 1st view. they did the us, the results, the win for labor rights groups who tried to the years to form a union at americas 2nd largest private employer equality stores on the website at al jazeera dot com darren. george will have more news in half. my here on out there . next, it's up front to stay with us. on counting the cost with europe facing the threat

of a gas lea, skin africa, fill the gap. pan ukraine was the economy, power, countries coping m e, you move to big tech dominant. will there new regulation? what? counting the cost on al jazeera wire, billionaires making trillions of dollars in the middle of a pandemic. i'll ask economist and former greek finance minister, dallas verifax. ah yeah. there are factors. thank you so much for joining us. an up front. it's a pleasure. recently, and oxfam study found that since the started the corona virus pandemic, the world's 10 richest men have seen their wealth increased by a combined half a trillion dollars. that's more than enough money to cover the cost of vaccination

for every body on the planet who should be held responsible for this kind of gross inequality and injustice. the crash of 2008 our generations. 1929. nothing has been the same since then. come to think of it immediately after 2008. the great in the good central banks, primarily. and of course, governments got together at the g 20 level. if you recall that april 2009 and this started to be floating the financial markets by means of state money printed by central banks by note. for 12 years, even we've all covered 19 hit. we have been creating this kind of boisterous financial market environment with stagnation for variable economy, for real capitalism, for, you know, small businesses, medium sized businesses with some large businesses, and then coming 19 comes and hits us. we do a lot more of that q e stuff money,

but i think the financial markets now have her exit at the stratosphere. whereas universally economy is thanking that is all this, the top 0.01 percent are doing very well. thank you. and the rest of the global society is suffering. you talk about 2080. i want to push on that a little bit more because in 2008, you're right. we printed more money. we gave it back to corporations who bought back their shares and they didn't invest. this was the fix in 2008. and it seems to be our same strategy here during the pandemic. is it that we've learned nothing or is oligarchy just indomitable? what, what's the answer for this replication of the process? it seems that those are in positions of power of authority. i like the bourbons. they forget nothing and they learn nothing. and you know, why is business not investing a solar, they don't want to invest it. so some conspiracy,

they look around and they look at that level people who are being subjected to stringent austerity, whether they are in greece, not just in case in puerto rico, but even in germany, in france, in the united states of america. the vast majority of people have been treated austerity cutbacks, or even the obama stimulus never went to the living people. it ran out of path very quickly. states where cutting, so had 12 years of austerity for the many and socialism for the finances. that is other companies look around and see people who do not have the city to buy new, expensive stuff. so the done invest in it, they take that money that the state brings and as you correctly put it, they go to the stomach change and buy back their own chairs. this is wasted energy . it boots, inequality, and creates technician for the many. you talk about the stock exchange and also the u. s. economy at right now. the u. s. economy is in shambles. last year it's rank by 3 and

a half percent. that's the worst we've seen since the end of world war 2 are unemployment higher than it was during the 2008 financial crisis. and yet wall street, they did pretty well in 2020 and it's not just the u. s. if we look in the u. k, we see a very similar thing we see ah, the london stock exchange up 2 percent on the very same day that the news broke, that the economy was shrinking. there seems to be a huge gap between what the market are saying and what reality is saying, why? because we no longer live under capitalism. capitalist has more food to what i call a techno feudalism. in the sense that, you know, you don't have a competitive capitalistic on a me with boys whose competition you've got some very few, very few platform companies that effectively own the market. the dont monopolize it's just their own it to like amazon for instance. once you are into amazon or facebook, you're not in capitalism. you are in a kind of soviet regime owned by one man really. and the rest of the,

the market economy is shrinking. eighties in stagnation. money is being bumped by central bank struggling to give the whole thing the whole show on the road. the money ends up with a large corporations that already have savings or they're not investing because of their little people's impact unity. so they go to, so change by, by their own chess. so you have the london stock of change, the frank for sluggard, change the bias of change. you know, of course, new york, doing remarkably well at the time when the vast majority, they are suffering. you, you mentioned this idea that we're no longer in capitalism and, and i, i read something a speech of yours at the launch of the project for and justice of january of this year he said capitalism has already morphed into something even worse. as you said, i call it techno feudalism. we don't even have capitalism. the amazons of the world, the facebook to the world power public money by the bank of england, european central bank, the fed, they are combining the worst of the state with the worst of private monopolies. if these companies have monopolies and they're being prepped up by the state of tech companies,

are the ones with all the power and they're not accountable to any electorate. what do we do? what the solution we get organized. it's what it's the way we got out of for, you know, authoritarian regimes in previous sentence. it's that way, the tween bose democracy up on ruling classes. remember when classes never wanted democracy or even the liberals of the 19th century. and that was something that those who are criticizing china today must remember breakfast. liberalism, you know, that went hand in handle with capitalism was under the mccarthy were condemned to fight the same struggle again and again for democracy. the idea of everyday people pushing back against these corporate oligarchy is pushing back against corporate power fighting the markets. it's something that we're watching in real time in a certain kind of way. it in late january, we saw the red it rebellion was social media users took on wall street hedge funds by turning the game on them. they drove up stock prices in not only made cash for

themselves, but they also sabotaged short selling in which, you know, we're wall street investors bet against struggling companies like a game stop, which is obviously that the, the target in response of course, we saw the trading app robin hood spent trading for specific securities, inviting a bipartisan outreach, is this kind of resistance, the new type of resistance that might actually generate change? is this what we need to do? is it impossible to sustain that? when it's a mixed picture, it is not that evolution. it's not occupy wall street through financial means that we should wear, i 6 months ago, a published by a political science fiction novel called another now. and you will, excuse me for plugging it, but in it i got that kind of revolution that would involve financial engineering, an element of that we saw in game stop an element of that. but he was not the rebellion. that interesting aspect of the game stop episode is that indeed, as you mentioned, you had $4400000.00 people getting together to make money, right?

it's not goes on purely ideological, of course it to make money. but a substantial proportion of these millions of people didn't care about so much making money. they didn't even even mind losing the money they put in it. they want it to suck it to the hedge funds. so there is an element of ideology. there, there is an element of collective action through financial analysis than what's missing, if there is a kind of anti capital gonna enter capital, certainly anti corporate or impulse there. it's organize the action. what makes that in your estimation, distinct, then occupy what you call a movement in this seems like more just a single or tactic what, what would make it a full fledged movement and is this replicable? where to think things are missing? the 1st is a manifesto. a vision, what do we want to put in place of these function? financial markets that are broken, they're not working for your money. they're, they're working for the finances. and what would markets look like if you moved

this are virus or financially zation from it. and the 2nd thing that we need is an alliance between different kinds of people and different movements. it is when that edit crowd get together. those threads unions get together with climate change activists in order to pursue a vision for the world. that is why we're going to have it on lucian. one thing that might be surprising to many is that stimulus spending in the united states was actually much bigger than it was in europe. if you look at a deficit spinning by the u. s. government, it was nearly twice as much as europe, which is very interesting because the e u is more progressive or these issues around housing, around her health care, et cetera. when it comes to public spending. in general, we would intuitively think that it would be the you that would spend more. why is that you spending so much less responsible with in comparison? will you permit me to challenge this perspective? i would love the, i think the european union has always been more conservative when it comes to

public spending that the united states, remember, the americans, i have no deficit for b. no, he said drinks on the, on the 15th of august, $97.00 to $1.00 famously blew up the bretton woods system and said ok, it's our currency. it's your problem. that's what he said to the europeans and they started spending as if there's no tomorrow. and the 2nd phase, globalization, you know, if you want or finance elevation, the 2nd post war phase after the night in helena, the seventy's was predicated upon the united states becoming a huge vacuum cleaner, using its trade deficit to suck into its territory the net, the exports of germany, of holland on 4 of japan and of course later of china and creating the world as we know it, sir. what is your opinion? think of what happened after 2008 we had created come to think of it. just think of it was created a central bank without a state or a pleasure to have its back and 19 tragedies,

or governments without the central bank to have their bag. so when the banks of france, germany hayes, portugal island collapsed, they didn't do what the british did, or what the american state, which is the federal, the, the southern bank, bring that money to save them. no, they transferred wealth from the poorest of the europeans to the finances and it is alvin, who had 12 years of stagnation. are all for austerity. that in europe is just an abysmal compared to what the americans experienced. so yes, even though there is a social democrat, i think if you want ethos in europe during the good times when capitalism goes through a spasm, america always every spawns more in a more keynesian fashion, few ones. and even reagan was a king's and president compared to anything that was seen in france or in germany. and the result is that every crisis global cases leaves europe weaker and more

injured and wounded compared to the united states than the previous crisis. how much of that response, the kinsey response that you, that you mentioned is due to accountability. there are mechanisms, for example, the u. s. fed is accountable to congress is accountable ultimately to an electorate in innocence. whereas the european central bank, which you mentioned is not on the commission, is not how much this is ideological and how much of it is about the, the sort of mechanisms, instructors of government. the reason why the united states managed to get together is pretty, very, very sponsor the political system in the united states to previous crisis. firstly, the creation of the fed in the 1st decade of the 20th century, was due to financial disaster. and much more importantly, 1929 and franklin roosevelt's new deal, which created in a sense all those institutions like the federal deposit insurance corporation,

are the social security and medicare. and later with a great society of l. b. j, that was all strengthened. these are all the institutions that were put in place and which vigor opinion overhead, especially think it had been monday, the union. so when 2008 took place revisions, can we make that would yield some kind of equality on this front? for example. what would paying women for all domestic libra do as an, as a possible solution? what do you make of that? or i am totally against pain women for domestic duties. because that assumes the domestic duties at women's job. and as a male of that, as a member of that defective sex. but these are the, i don't feel i have the right to say that i want the basic dividends that is universal and goes to everyone. i guess what i mean though, is if we recognize that a large part of why the domestic sphere is not invested in is because we see it as

women's work it. as part of a patriarchal vision. could we say that all domestic labor, not just for women, but for every one would be compensated as a means of evening out the playing field as a means of providing more economic justice for women around the world who are often consigned to the domestic sphere. but you know, a universal basic dividend, let's say a payment of let's make it modest, you know, a $1000.00 a month to each individual. you know, would do that without the bureaucracy of having to decide who is a domestic worker and who is not. there would be no a punitive state deciding you are eligible. you are not. and that allows couples of the allows and households to decide who's going to do their washing up, who's going to stay at home and look after you know, the children look after the elderly without the state in interfering and in the distribution of these roles. and another issue in addition to the gender question is that of race. the pandemic has revealed structural racism in new ways as well.

if you look in brazil, for example, people of afro defense are 40 percent more likely to die of kobe than their white counterparts. and united states, african americans are one and a half times more likely to be infected or die of cobra than their share of the population. one of the reasons for this, of course, is that we have these economies that are inherently races and rooted in colonialism and slavery and such. how do the solutions that economists like yourself offer account. but this kind of structural racism is kind of a deep seated historically rooted inequality allow me to reflect for a moment. i'm one of those privileged white men who has spent the lockdown in his elation nice place. and only because he was in the army of people out there doing all the work, you know, from god's garbage men and women to nurses and doctors, to supermarket employees to amazon warehouse workers and so on and so forth. right?

now, the proportion, all ethnic minority people doing those jobs is much higher because of the history of explanation. and the history of racism any more towards that a moving the structural privileges of people like me is going to ameliorate the situation that you described. and it will cause a more balanced distribution, not just of income, but also burdens. let's talk about the i m f for moment you i see you light up a little bit. i know how much you love the i m f of that you've been obviously very critical. the i m f ah, the international monetary fund in 2016 use the phrase that i found very interesting you accuse them of fiscal water boarding when they impose strict austerity measures on greece. the irony though, is right now, many progressives are included. some of the largest humanitarian groups are

actually calling on the i, m f to disperse, a multi trillion dollar corporate relief package that use funds that don't have to be repaid. where do you stand on? that is, is a measure you'd support? absolutely. i would like to actually strengthen it. the international monetary fund is a creature created, born during the bretton woods conference in 1944. the original idea was a splendid one. it would work like some think somebody like the central bank of the world and the phone for the 1st 20 years. the i'm and it did not do it a bad job. i mean it, it had to handle the fixed exchange rate regime. things changed when burden woods collapsed, but i the i have survived to survive it that the and the took and you rolled it played that all of the bailiff of the wall street bankers and the bankers of frankfurt, and london and, and paris visiting countries especially not for the guy in the late 90 seventy's

and later on in asia and so on, effectively exacting a pound of flesh from the local relation on behalf of the international bankers who demanded that they are a silly investments in those countries. a web, predatory loans effectively be paid to the full lip privatization of things like hospitals and schools and everything else. so the i m f, 's role was totally thumbs formed. and it went from the side of the good to, you know, to the side where you're free incompetent, misanthropic troika, was it was an app that was correct, but not suggesting that the i'm actually abolished what i and others who are suggesting that number f. s, the ours are created in order to fund a free vaccine for every human being program to fund investment in green jobs in

the developing world. what we're saying is the i m f should go back to what it was meant to be 9 before they've all do, we had the capacity to do that right now. i mean, if you look, for example, all 189 member countries along with the i'm of leadership, they're ready to allocate cobit funds. they're ready to do it. it was blocked last year by the us treasury. now many speculate the reason was that the trumpet ministration didn't want to create any avenues or pathways to funding for iran or china or venezuela. but now we have an opportunity here under janet jaelyn, the news your surgery secretary to do something different. are you optimistic that we may change course and actually make this happen? no, but i will be very pleased to come back to your show and say that that wrong. why, why, why are you not? why are you not optimistic though? because let's face it, the democratic party in the united states only managed to win the white house because they supported a president. mr. joe biden, who is

a very powerful ally of wall street. and don't forget, as i said before, that the i'm, i've has in operating all these decades since then elena, the seventy's as the bailey for wall street. and i don't see why they would change now. now that they have their, their great friend the, the white house, even if janet yet and wants to do. and i have, you know, i think the jungle and probably does want to do it personally. judging by it, had a track record had a demick worker. i think she said, even when she was german j one of the fed. but i don't think she's going to be allowed to. i hope i'm wrong. but even that is not going to be enough before you go, i have a question for you about the green new deal. it's an idea of vision, at least for a more just economic future that you've supported, both in the e u. n. in the united states, why has the left failed to implement such potentially effective policies? we've never been in power. i mean, here in greece,

we wouldn't buy for 5 months and then we came down and as like a ton of bricks and destroyed us. remember beyond that, of course we are leftists, have a lot the answer for because we are fantastic, are dividing and multiplying and turning against one another. but primarily allow me to say that so that our views do not think that this is simply an ideological matter. it's a question of rationality. if i may say never before, has humanity had so much money. we have the largest pile of savings and the equity in the history of man. by comparison, the proportion of our savings that we are glowing into investment investment into the future, right into the green transition, green energy, you know, good quality jobs that can produce that the incomes by which the, the pay that, that's the amanda blue investing has never been lower as proportion of the top and savings in the history of the world. that is stupidity in action. and if you don't

have to be a left winger or right winger to agree with that, it's wasted economic energy and that's b. r. you know, our guiding light, how to take the money, which is there and invested into the future of humanity especially. and you know, the green transition to which is necessary so that we can have a planet on which to flourish, yellows. verifica, thank you so much for joining us. my pleasure. ah. april on al jazeera, frontline reporting and in depth analysis. we bring you the latest on the ukraine war and the unfolding humanitarian crisis. immersive personal shorts, documentaries, africa, direct showcase, african stories from african filmmakers. the campaign for the philippines president

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to thrive with egypt swim in st. sellers on al jazeera ah to day must be the status of a better future for the people as yemen. a 2 months truth in yemen, the un says the 2 sides of reach an agreement and has hopes for lost in please. ah, hello, i'm darn jordan. this is al jazeera la you from jo are also coming up ukraine denies bombing in the oil depot in russia. moscow says the attorney could him to talk to end the conflict.