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tv   Fareed Zakaria GPS  CNN  April 6, 2014 10:00am-11:01am PDT

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i'm candy crowley in washington. if you missed any part of today's show search itunes. search "state of the union." fra read zakaria's gps starts right now. this is gps the global public square. welcome to all of you in the united states and around the world. i'm fareed zakaria live in new york. we'll begin today's show is yesterday's election in afghanistan. will it change anything? what will happen to the taliban and terrorism as american troops leave? we'll also talk about ukraine and the middle east peace talks with great penl. then i sit down with michael lewis. he says wall street is rigged, that some traders have an unfair advantage skimming money out of your pockets and into their own. but is he right?
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watch and find out. also in the wake of the ft. hood shooting, we'll introduce you to an army general with a solution to the problem of mentally unstable soldiers with guns, and we'll tell you why he can't get his way in washington. finally, a shakespearean tragedy related to syria, but it's not what you're thinking. this one will actually make you smile. but first here's my take. for those of you tired of the coverage of malaysian airlines flight 370, i want you to try an experiment. when you're with a group of friends whose eyes might roll over when you even bring up the issue, ask them what they think happened to the plane. very quickly you will find yourselves in the midst of a lively discussion with many different competing theories. each plausible, each with holes. the plane was hijacked someone will say. but then why no demands?
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it was an accident someone else will say. why were there no distress signals? this mystery of what actually happened is at the heart of the as the nation with the story, and the mystery has now morphed into an ever-increasing number of conspiracy theories about what actually happened that fateful day last month when the aircraft disappeared. there are youtube clips suggesting that aliens are involved, blog posts accusing the iranians of hijacking the plane and many who believe the passengers and crew are alive, perhaps on an island somewhere like on the show "lost. " >> i was thinking of these theories the other day while looking at a book. it's tied ld "conspiracy theories and other dangerous ideas." the lead essay in the book explains why conspiracy theories spread and flight 37 o is a perfect example of his logic. the conspiracy theories, he treat them seriously, by which i
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mean he doesn't believe people are crazy to believe them. he argues that so many people in so many countries believe such theories that we need to understand why and how. a key condition that helps fuel conspiracy theories is a lack of information. when information is scarce, conspiracies abound. we don't actually know a lot of things about what happened to that plane. now, the trend is heightened when there is distrust of politics, politicians, or people in authority. one can see that in opaque political systems like malaysia and china. but one can also see that in the united states, a country famously distrustful of its government. he points out that when a triggering event produce intense feelings and emotions, people in a state of fear or rage find it easier to believe in far-fetched ideas. an assassination, like that of jfk, a terrorist attack like 9/11, or an airline crash all tend to produce high emotions and a search for something or someone on which to put the
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blame. group thinking also takes over when the people affected or interested tend to gather, talk to one another, or communicate in isolation. their convictions tend to get hardened. if everyone you talk to and listen to and watch believes that president obama is hiding his birth certificate, you get even more sure about the secret plot over time. the most important overriding reason, however, is that we human beings don't like to believe that things happen for arbitrary reasons. we search for a pattern. and if we see one, no matter how implausible, we prefer that to the idea of randomness. he points out that the philosopher said that human beings like to believe in intention, that an event is caused by specific human intention and action. so we exaggerate the competence of people or governments or big banks because someone must have directed things. now, sometimes there are conspiracies, but my own sense of the word is that things often
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happen because of mistakes, bad information, and unintended consequences or as put, never attribute to malice what can be better explained by incompetence. perhaps the biggest driver of event is something truly mysterious, chance. things go well or badly because of luck, sometimes good luck, sometimes bad luck. much more than we'd like to admit. and the combination of chance, ignorance, and incompetence often produces something that looks like a mystery and feels like a conspiracy. let's get started. ♪ on saturday in afghanistan an estimated 7 million people went to the polls to vote for the nation's next leader. the war-torn nation and its
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international protectors were bracing for terrible violence. the taliban, after all, vowed to disrupt the vote in any way it could. and there was violence. the ministry of information says there were 140 attacks or attempted attacks, and almost a thousand polling stations had to be closed for security reasons. one out of every six. cnn's anna joins me from kabul. anna, the numbers when you put them in the context of afghanistan's history in the previous elections, actually quite a success, correct? >> yeah, absolutely, fareed. there is no doubt about it. doesn't matter how you want to tell this story. it is a success story, and the people of afghanistan are certainly celebrating. you know, as you say, they turned out in the millions, 7 million in total. that's more than 50% of the voting population. compare that to back in 2009. it was only 35% of the voting population. and the other thing, really
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important thing fareed, to take into account is that a third of the voters that lined up at the polling stations yesterday were women. you know, this is a country that in some parts of it treat women like second-class citizens. so to see the enormous turnout of women was just -- you know, it was truly heartening. this country, you know, just has so much promise, so much potential, and those people who lined up want to see that change. that was something that came from every single person that we spoke to yesterday, fareed. they want to see change and they want a president who is going to bring peace, bring stability, bring all those things that they'd hoped that president hamid karzai would have brought in the past 12 years. now they're relying on the next man to do that. that will either be ashra ashraf ghani, dr. rassoul or king abdullah.
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we won't have the preliminary results until the 28th of april and even then, fareed, it's likely that will will lead to a runoff. that second election probably won't take place until the end of may. anna, i know you were with the americans who were training the afghan national army, and this election has been a success largely because of the security measures put in place. we don't have a lot of time. very briefly, what's your sense of what happens when the americans lead? do you think the afghan national army can stand on its own and deal with things like these elections? >> well, they certainly had an enormous test yesterday and they passed with flying colors. yes, all 350,000 of the afghan national security forces were out to, you know, protect the people at the polling stations, but earlier this week, fareed, we sat down with commander general joseph dunphy. he's in charge of the military operation in afghanistan. he said that the afghans are now running the show. yes, the u.s. is withdrawing at the end of the year, but those three top presidential candidates, all of them have agreed to sign or at least they
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have said they will sign the security agreement, and that, of course, fareed, as we know will ensure that they have presence post-2014, and that is critical. general dunphy believes that it will happen, there will be an enduring force or perhaps after 10,000 american and coalition troops -- >> we've got to go, anna. >> -- to ensure that this doesn't become a safe haven for al qaeda in the future. >> we've got to go, anna. fantastic reporting. thank you so much. we'll be right back with a panel to discuss afghanistan, russia and middle east peace. fantastic panel. stay with us. when folks in the lower 48 think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. thousands of people here in alaska are working to safely produce more energy.
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we are going go around the world with great panel. richard haass is the president of the council on foreign relations. peter beinart is a columnist and a columnist. and colette is a reporter. 2001-2014 which will be in bookstores on tuesday. brett stevens is the foreign affairs columnist for "the wall street journal." carlotta, the elections in afghanistan, do you think that this resolves anything? you know, what is the likely political orientation of afghanistan going forward? kind of post karzai world. >> for starters, we see the three frontrunners will all sign the bilateral security agreement with the states. >> which will allow american troops to stay.
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>> yeah, and to have plan forward because at the moment there is a drift with president karzai refusing to sign, talking of dealing with the taliban. i think the next -- the three frontrunners are very clear on their plans. i think we will have clarity and a better relationship. >> that's good news. richard, americans are tiring of this war for the first time the numbers show that majority of americans think the afghanistan war was a mistake. are we going to keep troops, and what would they do? >> sure. if the afghan government will agree to keep, say, 10,000, 15,000 american troops, we'll do it. the president enjoys, as you know, enormous latitude when it comes to these decisions. interestingly enough, last month was the first month in what, six, seven years when no americans died in afghanistan. and these troops will be doing limited counter-terrorism and training and advising, the sort of thing we should have left in
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iraq. i think we'll get it right in afghanistan. >> do you think there should be a much larger force? a lot of people feel 5,000 or 10,000, which seems to be the number talked about, is too small to do much. >> you want about 15,000, 20,000 troops. you want to make sure there's an american guarantee that the taliban is never able to come back to major population centers in kandahar, southern afghanistan. you also want an american presence because it's from the u.s. bases in afghanistan that we were able to get bin laden and conduct vital counter- terrorism operations and make sure it doesn't become again the locus of international terrorism directed at europe and the west. >> peter, a lot of people on the left don't feel like obama is -- sort of reneging on a kind of commitment to end wars and things like that. what do you think? >> no, i don't think so. i think what most americans care about is what you said. no americans have died in afghanistan, iraq. when you think about what happened at ft. hood, it's not
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just the number of americans who die but the extraordinary number of americans who are injured both in body and soul in terms of post-traumatic stress disorder. that's one of the major accomplishments of president obama as president. he said he was going to do it. he's doing it. it's been pretty clear, not that controversial domestically that he's moving towards a counterterrorism strategy as brett said, and i don't hear a lot of republican objections to that. >> carlotta, what is going to happen to afghanistan given this one crucial factor? this was always my point of contention with david petraeus when he would talk about it which is how can you succeed in a counterinsurgency even counter-terrorism when the neighboring country, pakistan, is actively providing safe
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havens, assistance, training? you had this fantastic piece in "the new york times" magazine which basically outlined the ways in which it seemed very likely that the pakistani government knew about bin laden. what do you think pakistan's role will be once we start pulling out? they're going to try to fill that vacuum probably. >> i think it's already clear they're determined to see a resurgence of the taliban. they're supporting them. they're encouraging them. there's been a spate of attacks. i was in kabul two days ago. we had a suicide bombing almost every day that i was there in the last week, and that's all coming from pakistan. they're all going in. that's clearly what needs to be looked at very strongly because the pakistanis have not finished their war, and what they want is through a proxy force to dominate affairs in afghanistan and they're still going to continue. >> and that force, of course, is the taliban for pakistan. >> the taliban. and actually al qaeda have shown they were protecting and hiding bin laden.
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al zawahiri who took over as head of al qaeda, he's in pakistan. i have a passage in the book which shows that certainly in 2005 they were hiding him, the pakistani government. >> do you think the pakistani government knows where al zawahiri, the head of it, is? >> yes. >> the pakistani military is sustained by american military aid. >> we should never use the word "allil "ally" or "partner" when it comes to pakistan. we're not. we're operating across purposes. the reason we've had so much trouble in afghanistan is because of more than a decade of pakistani policy. they are going to use the taliban as an instrument. i think you can expect the taliban to gain significant ground in the south of pakistan where they had the connection there. the north will not be under their control. the real battle will ultimately be for kabul, whether you have a functioning central area. pakistan will continue to be an enormous problem and we're limited simply by the fact that we can't do too much against them because we don't want pakistan to fail. it's got the largest -- the
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fastest growing nuclear arsenal in the world. it's home to all of these terrorists. in a funny sort of way, as bad as they are, we're immobilized by our fear that things could actually get worse. >> do you have any ideas how to handle pakistan? >> no. i any what's interesting is the great game that follows. some of the alliances could be interesting. for instance, what role does russia play? russia has been historically closer to the u.s. side than -- >> i notice on that front, india did not vote to condemn russia on the ukraine issue in the u.n. presumably because they want russian support in the great game that will follow in afghanistan. >> right. it shows how american interests and alliances on that sphere, how different they look from ukraine. >> all right. we're going to come back and talk about what happens in ukraine and the middle east peace process when we come back. many of my patients still clean their dentures with toothpaste.
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we are back with richard haass, peter beinart, carlotta gall and brett stephens. i want to talk about peace process before we talk about the other stuff. what do you think this last week the shenanigans have told us,
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jonathan pollard, maybe we're not. the peace talks are going to fail. that we're not going to fail. what's going on? >> in the long run, it's irrelevant for the purposes of peace, whether mr. pollard is in prison or not. it won't affect the basics. the real question, is the situation right? are the leaders involved willing and able to make peace, i'm skeptical. let's just say for a second i'm wrong. so what? right now, we have to admit that the israeli palestinian peace process while it's important to them, it's become a local dispute. it won't affect the dynamics in the middle east, it won't affect the trajectory of the civil war in syria or what's going on in egypt between the government and the muslim brothers or what's happening elsewhere. this has become a local dispute that quite honestly is not worthy of the time and attention the secretary of state and united states are giving. he should be spending more time, i would think, on our next subject, dealing with the mechanics, if you will of ukraine, strengthening the
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government there, and he should be spending more time in asia where, for example, american diplomacy really could do a lot of good, saying keeping china and japan away from one another. >> but remember america also sees itself and i would support this as israel's protector with an obligation toward israel. if the peace process is over, america's capacity to protect israel will be significantly diminished. >> why? >> we'll move into a sphere in which international pressure comes to the fore, both the palestinians to the united nations and the boycott divestment sanction, which is an end around government because it goes through universities, labor unions, church organizations. we won't be able to stop that. it may be in our interest but the end of the peace process is going to be a bad development for israel. >> what do you think? will it be a bad process for israel? >> no, the peace process won't end. it will go into abeyance.
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it always be there at some strike. it doesn't need to be the first priority. richard was right. john kerry was chomping on a green banana here. it's no surprise that he ends up with indigestion. it was predictable from the start. you wouldn't find an agreement between israel about the broader course of the middle east and a palestinian authority that's hopelessly between two factions that won't reconcile with each other much less with israel. the focus, the attention, the pursuit of this was just squandered american political capital in a region that needs u.s. attention in syria, in egypt, iran, elsewhere. >> carlotta, what do you think of this broader premise that the palestinians for so many years, people have said if you solve the palestinian issue, it will help the united states, it will ease tensions. you lived in pakistan and afghanistan. how important was that palestinian issue in their perception of the united states? >> it was in the background. that's why i think as a
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background thing, it's really important because it was part of every sense of grievance, every sense of we must fight, every reason for al qaeda starting. you know, it was a palestinian who started al qaeda. i'm now in north africa and all the countries, you can see, it's an underlying theme. it's not, i agree, today's immediate issue perhaps, but it would create an enormous change in general maatmosphere in the arab world, i believe, and the muslim world if there was a way forward because it feeds and fuels the youth, and you can feel the resentment when you talk to people on the street. it's always there. >> i know we could talk about this the whole time. but richard, could the administration do much more than it has done on ukraine? it feels like we're in a situation where putin has taken
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crimea, but he's paying a price with the reaction of the ukrainians, other neighbors, nato, the european union and the united states. could it -- could we have actually reversed this course? >> no. real estate history rules location, location, location. sort of strategy. geography, if you will, favors the russians. in terms of crimea, no. the europeans simply would not have been there, russian support for what putin did was robust. where the administration could have and still could do more is to make sure it doesn't go beyond this. the sanctions that would hit russia if it were to do more, we should line up the europeans and be very explicit in saying here's what will happen if you do this. here's, by the way, the cost to your economy mr. putin and potentially to your political position at home. we could do more potentially to strengthen other parts of nato. we should be really trying to make sure this ukrainian
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government does not go the way of previous ones and fail. yes, there's more we can do. >> let me ask you this. there's a lot more that has happened than when putin invaded georgia, fair? >> yeah because nothing happened when putin invaded georgia, which was a shameful climb-down by the bush administration in its last days in office. sanctioning, what, 20 russian individuals, one russian bank is just simply insufficient end and sends a signal to putin that essentially he can get away with this kind of thing. it whets his appetite, even the baltic states. where would he go next? this is especially the case because this is a vote winner. this is popular among the russian people. he cease himself as relegitimizing his role because taking crimea has raised his popularity. >> quick thought. >> the most important thing for ukraine as they go towards elections, they have a government with some degree of internal legitimacy especially in the east. we need to help this government be economically strong enough and be savvy enough to basically be able to win over loyalty,
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especially of ukrainians in the eastern part, and that takes way russia's biggest card to play to destabilize that part of the country. >> last thoughts. >> i wouldn't trust putin an inch. i saw him in chechen. he's very clever at undermining a country and he's prepared to invade and prepared to use bruit force. you have to do a lot more to ward him off. he's -- i think he won't stop. >> on that sobering note, thank you all. pleasure to have you on. up next, is there a solution to the military mental health problems? a way to stem the bloodshed? well, there is at least a partial solution. one advocated by many generals. i will explain. there's a saying around here, you stand behind what you say.
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around here you don't make excuses. you make commitments. and when you can't live up to them, you own up, and make it right. some people think the kind of accountability that thrives on so many streets in this country has gone missing in the places where it's needed most. but i know you'll still find it when you know where to look.
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when i heard about the shooting at ft. hood earlier this week, one thing stood out to me. the alleged shooter, 34-year-old army specialist, ivan lopez, was being treated for mental health issues. mental health issues, many believe to be caused by duty in afghanistan and iraq are a scourge upon our military. in 2012, a record 350 soldiers killed themselves. that's more than died on the battlefield. between 2008 and 2010, nearly two-thirds of all suicides in the united states military involved firearms. one former military heavyweight whom i talked with last year said, enough. >> you're a general. you're an army man. you've spent your life around guns. you're comfortable with them. you know they can be used responsibly. you also feel that when people are at risk in terms of mental issues, it is very dangerous for them to have access to guns. >> it is very dangerous for them to have access to guns. i believe that. >> general crowley will discuss the report and the suicide prevention efforts in the army. >> general peter carelly, now
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retired, took over as the army's vice chief of staff in 2008. the army suicide rate had doubled since 2001. >> this is an area that we have to, in fact, attack. >> and he was tasked with battling the epidemic. >> as soon as they go -- >> i would be very, very careful in not underestimating the impact of 13 years of war on an all-volunteer force. i think we were seeing in those suicide numbers some of the effect of repeated deployments and high stress and trauma. >> to better understand the issue, chiarelli was briefed on every single suicide that occurred during the four years that he was the army's number two officer. in 2010, a eureka moment. >> i do want to express our thoughts and condolences. >> admiral michael mullen, then chairman of the joint chiefs of
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staff, had sent an art cal from a medical journal to the pentagon's top brass. >> it showed how this particular medical organization working with a really high risk population of people who could commit suicide had lowered their suicide rate to zero for a three-year period solely by recommending to people who were in crisis to separate themselves from their privately owned weapons. that was striking to me. >> another striking example, israel. in 2006 the israeli defense forces tackled the rising suicides among their troops. they forbid soldiers from bringing their weapons home on weekends. on weekends, the suicide rate dropped by 40%. the weekday rate remained flat. >> it's hugely powerful. you don't have to just look at israel. so many studies. >> what do you say to those who say, well, there is the second amendment and that's why you can't go much further with your efforts?
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>> i don't buy that. i don't believe the second amendment was put in place to take a person who's at high risk for hurting themselves and put in their hands a weapon in an impulsive moment at a time when they're not thinking straight, they can end their life. >> what happened when general chiarelli tried to institute it in the army? he said pentagon loyalists told him it was a no-go. >> his freedom is under attack like never before. >> that the rifle association would try to block him. they tried but didn't fully succeed. the national defense authorization act passed in january 2013 now allows military leaders merely to ask troops about private firearms if they believe service members are at risk of harming themselves or others. not the strong law chiarelli asked for, but a start. we don't know whether a stronger law would have made a difference in this week's ft. hood
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shootings, the semiautomatic pistol was not registered with the base as rules require, but many senior military leaders believe that if there were in place a system by which soldiers were identified as at-risk separated from their guns, we'd see many fewer of these kinds of shootings. when we come back, michael lewis, the best selling author, explains why he believes the stock market is actually rigged. weekdays are for rising to the challenge.
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when you picture wall street traders, you probably imagine the new york stock exchange and guys, it's almost always guys, in brightly colored jackets buying and selling stocks by making indecipherable hand gestures. even though the guys are still there, they really exist mostly for photo-ops. according to michael lewis, it's computers, little black boxes, that rule the roost and make the trades on wall street these days, and he says people with access to those black boxes have rigged wall street and not in your favor. lewis, the best-selling author of "the blind side" and "moneyball," has a new book,
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"flash boys: a wall street revolt." welcome back. >> thanks, fareed. good to see you. >> everybody knows your basic assertion that wall street is rigged. let me ask you to start by telling us about these amazing fiberoptic lines, the building of these lines and why and how you figured out that they had to be straight, straight, straight. >> so what's happened in the last few years in the american stockmarket and actually foreign stockmarkets, too, some traders have a speed advantage on everybody else. they're willing to pay vast sums of money for tiny increments of speed. and the speed with which they can get a signal from the chicago futures exchange to the stocks exchanges in new jersey is important to them. up until 2007, 2008, the fastest line that was available was like a verizon wireless line, and the cable -- the fiberoptic cable went like this from chicago to new jersey. a trader on the chicago exchange sensitive to the fact that people will pay a fortune for a tiny bit of speed realizes if he laid a straight line from chicago to new jersey, he could
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do it four milliseconds faster. and he did it in complete stealth, dug a tunnel from the chicago mercantile exchange in chicago to building outside of the nasdaq stock exchange and laid this straight fiber. and without knowing exactly what the market for it was or anything. he goes in to high free quincy traders and says if you don't have this, you're out of business. the fact that someone could dig a tunnel, i mean, it was evolving -- a project involving thousands of men, cost $300 million, $400 million. ran through states, public right-of-ways in states without anybody knowing what it was for. >> and to improve speed by -- >> -- four milliseconds. three or four milliseconds. >> which is about the time it takes for the chicago s&p's futures to be sent to new york.
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so the s&p goes up -- >> so the point of the line for the speed traders, the market movements, whether it's going up or down by a lot register first in chicago in the futures exchange. so they're making -- supposedly making markets in 4,000 individual stocks in new jersey. if they can get the signal first that the market is going down, they can get out or even sell to other people. so it gives them advance news on price movements in the market. >> so let me take you back, step back and if you look at what you're describing, it seems to me what you're talking about is more technology, more information, price information and more competition. and if you look over the last 20 years, haven't those three forces powerfully helped consumers and finance? that is to say, if you go back 20 or 30 years ago, it was much more expensive to buy and sell stocks. there were many more intermediaries, fancy brokers who you have to go to and that all these forces have been powerful kind of democratizing
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forces for the consumer. >> that's absolutely true. the information technology, what has happened is essentially made, put certain businesses on wall street out of business. it made certain functions that wall street used to serve, bringing buyers and sellers together. a human being bringing together unnecessary. the problem is that, though a lot of the games of the technology have been shared with the consumer, in this case the investor, and it's true that it's cheaper now to trade stocks than ever before. unnecessary rents have been captured by wall street. they didn't deliver all of the gains. they have created a role for itself, for wall street to sit between buyers and sellers. completely unnecessarily and tax. essentially levy a tax on the investor. so it's as if -- what's it like? it's sort of like 20 years ago when i lived in london and i had
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to make a call to my parents in new orleans. i had to pay $3 a minute. if i lived there now, what is it, pennies a minute, right? it's as if the technologist who arranged that, gave me most of the gains but charged me 20 cents a minute now. now i feel great, i can make the call for 20 cents a minute instead of $3 a minute. that's not the right comparison. it should be cheaper and more frictionless. there should be less of a role for wall street in the middle of stockmarket transactions than there is. >> "the wall street journal" in an editorial says the reason you have these complexities that you describe, that you just called the kind of intermediaries where wall street has been able to put itself in the middle of transactions between consumers and stocks is because of regulations. there are a whole bunch of regulations that require a lot of this to happen. and that in other words, if you were -- >> they enable it. >> if you ask like who the culprit is, i don't think -- it's an interesting story because it isn't a conspiracy
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that was cooked up in advance. it's an -- it looks like one in retrospect. but it was. nobody knew the consequences of regulation that was passed. basically in 2007. it isn't just high frequency traders. basically 2007. it isn't high frequency traders. they don't have to deal in this in any way. they are taking advantage of a system that's broken. >> what do you think of the characters you met. you spent some time on wall street, you met people. a lot of the people seem like they are really kind of sign advertises of a kind. they are mathematicians, engineers. >> this is what's happening on wall street, every market. the stock market in a way has gotten there first. technology is supplanting traders. technologists and traders are merging. there used to be in the days i worked tlsh the people who handled the computers were i.t. geeks in the basement and their
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status is low. one of the things that brought it outside of big banks, banks have trouble giving status to technologists. it's all about technologists, software. >> i guess the conclusion with this, the part i have difficulty understanding, seems to me maybe as somebody that grew up outside of the united states, the great thing about american market is they are open, fast, well regulated. the more technology, more transparency, more competition has been great for consumers, for people like me -- it feels like you're almost saying that stuff is bad. >> no, not saying that at all. there's a distinction that needs to be made. it's between computerized trading and computerized scalping. when it hit wall street, wall street figured out ways to use it for its purposes that were not in the interest of
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investors. a lot of what happened was very good. what we need in a way -- the computerization is fantastic. the technology is a force for good. we just need to remove wall street from the process. technology is telling us you don't need the services they are trying to provide. you don't need all this trading, this unnecessary intermediatiation. goldman sachs has come out and said that. the system as it's structuredish the problem is not just that people are getting scalped. that's not the big problem. the big problem is the system that generates the scalping is to complicated that it is unstable. and their worry is that the system -- the flash crashes, nasdaq outages, all the technology failure we've seen in the market are a result of an overall complicated system and the complexity is there by
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design, there to disguise the scalping. >> michael lewis, pleasure having you on. >> thanks for having me. up next, why will you see bravo to a shakespearean tragedy in syria. we'll explain. making moves that would put an adult in the emergency room. yet all they really want to do is grow up. it's funny, everyone i know wishes they could go back and feel younger. sound familiar? then test drive one of these. current non-gm owners and lessees
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this week the eiffel tower celebrated it's 125th anniversary. when it was completed the world's tallest man made structure measuring 1,000 feet. what landmark was the first to eclipse that height. a, statue of liberty, b, washington monument. c, chrysler building. d, empire state building. stay tuned and we'll tell you the answer. we have an exciting way for you to get more gps even after the show is over. our flip board page which has all the expert analysis you've come to expect as well as insights from me. chick it out at flip.itfar he'd. today's book, the confidence trap. if you think american democracy doesn't work, you have to read
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this book. it takes us through the financial crash showing how democracy and american democracy in particular lurched from crisis to crisis mud ling along but somehow always surviving, outlasting their enemies and even thriving. now for the last look, this month marks william shakespeare's 450th birthday. people around the world are celebrating from stratfordians to syrians. yes, syrians. 100 syrian children have just performed an adaptation of king leer in one of the world's largest refugee camp located in jordan. the camp is home to 100,000 syrian refugees, over half of whom are under the able of 18. many of the children are not educated and have never read or seen any of shakespeare's work
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butner no stranger to the tragedy of the human condition. this story, exile, ruler losing grip with reality. a tale of human cruelty seems especially relevant. while the refugee can't may seem like the unlikeliest of places to discover shakespeare, the playwright himself may not have thought so. mentioning far away places was common. aleppo, oldest center for civilization, which makes current violence seem more tragic. the direct answer to gps challenge question is, c, the eiffel tower looked down four decades in 1930 when the art deco masterpiece, the chrysler building was completed. the chrysler building only enjoyed a year at the top, bested by its neighbor, the empire state building in 1931.
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today in dubai the building reigns supreme, higher than both buildings together. thank you for watching my program this week. i'll see you next week. hello, everyone. i'm fredricka whitfield. welcome to the "cnn newsroom." the church for that missing flight 370 is focused right now in an area off -- in the area in the indian ocean where chinese ships detected signals. a british ship with advanced detection equipment is expected to arrive at any moment. the signals heard by the chinese ship friday and saturday were a little more than a mile apart. officials say it's the best lead they have right now. an australian ship picked up what they call an acoustic noise
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