you know where you're a max series. on a plane like seriously need i love you even want to show you what a 2nd looks like so it's like me that dictations 50 story. and 50 very personal tips on berlin's very. good now. every week on t.w. . empty shelves long queues for food and everyday items for people in the former communist eastern germany it was a part of reality an economy can run out of many things food fuel raw materials

but also work as scarcity has many faces out topic today then gradients to keep an economy running and what to do when supply is drying up economics of casti and we start with shortages of stuff what do you do if you can't find enough people to work for you these days even god is looking for stuff well at least the organizations doing god's business down here on the catholic church is having problems filling the ranks of that nuns we went to a convent and western germany that is struggling to stay afloat. this isn't just a place for christian reflection and prayer it's also a business. the team is made up entirely of women. that

benedictine nuns and they run the abbey. it receives no funding from the catholic. it has to pay its own way and there all the rest. right now its main problem is a staff shortage. we don't have as many young sisters as we would like. 10 of the 27 nuns here are more than 80 years old and there's only one novice in training nance don't pay into the state pension fund so they don't qualify for an old age pension. the idea has always been that the younger sisters support the older ones to some extent. now that the ratio of all dirty younger sisters is so high it's becoming difficult. almost all

or older sisters don't get a pension. so we reflect the situation the german pension system as a whole finds itself in one isn't viewed as. solidarity is the foundation of this monastic community members support each other . 2 sisters teach theology at universities that pay flows into the communal coffers . that salaries make up the bulk of the abbe's income right now but the teaching jobs are for limited. invests the money it does have to try to make its fortune grow the sister in charge of finances is called the seller does she pray for rising interest rates. no no i leave it to god to decide how he wants to help us. i just pray that he does help us.

manage is over one and a half 1000000 euros 65000 her sister when the interest rates were higher life was easier. now that they're extremely low as they have been for several years she's moved into stocks and investment funds but not just any she observes ethical guidelines. no child labor prostitution or weapons we also consider human rights working conditions and whether unions are allowed. but there is an inherent tension here. if we want to diversify we can't just invest in micro finance funds and sustainability. we have an exchange traded fund. tracking the ducks in their eggs and another one for the m.d.x. and an inflation like one and none of that is ethical or sustainable. it's hard to be an ethical investor and the financial brains of a catholic cabbie. capital are not natural allies. the abbey has

a workshop the next parliament some liturgical clothing from gone through weaving embroidering to finish. it used to be an important source of income. for the liturgy you should acquire something decent not just cheap stuff. system miriam cuts no corners she only uses soap and does everything by hand prices start at 2000 euro. but there are fewer and fewer catholic priests nowadays. and many of those there are shop on the internet. because. we're now competing with what's available off the shelf online from the comfort of his desk a priest can order a charitable for 300 or even 150 euro. this is it might not look that bad at 1st

glance but it's not the same as coming here and getting something special to the staff. in the abbey also welcomes guests 2 sisters are assigned to look after them roman board costs 53 year as a nice so it's not exactly a money spinner. when sister to raise it was young she was keen to pursue a profession. she's now 84. a friend of mine entered the abbey i wrote to her and told her she must be crazy i would never ever do something like that. sister theresa has been here for 61 years she says she wants to see more women in positions of authority both outside and within the church. and priests come here and they're very

grateful. they come to me we spend peaceful days of contemplation together and we talk every day. they're grateful to hear a woman's perspective. on this. benedictine values include silence prayer ability and stewardship listening humility peace work community and hospitality monasticism has weathered many crises over a very long period. is that things will change but it's been 1500 years and monasteries have yet to vanish from the face of the earth. once had 600 monks by 1909 there were just 3 now there are 200 again. things always go up and down. and.

in socialist countries shortages are part of the fabric of life venezuela is a case in point south american country as the biggest oil reserves in the world but decades of socialist mismanagement aided by widespread corruption as crippled the economy international sanctions just adds to the misery there's no food no medical supplies and hardly enough energy to keep household supplied millions fled to neighboring countries but dictator nicolas maduro is suppressing opposition and is clinging to power what's gone wrong in venezuela. with venezuela and say these people and that's why we're optimists there have been many rallies against the government of president nicolas maduro and some for it. in june the united nations said more than 4000000 people had fled the country since the crisis began. venezuela has been in

a deep economic and political crisis for years it was once considered rich and it still has the world's largest proven oil reserves of the 6 large refineries in the country only one is working petrol is running short one of the main problems is dependency on oil which accounts for over 90 percent of export earnings revenues were great as long as the oil price was high. things went bad until 2008 the price of oil had been rising for a decade collapsed and has not enjoyed a sustained recovery since that time. with oil revenues slashed venezuela lacks the hard currency to buy food and medicine abroad manufacturing within the country has also collapsed the private sector has been under siege

a further cause of the crisis. chavez who was president until 2015 pursued a policy he dumped socialism for the 21st century and nationalized thousands of companies and that destroyed the economy. nowadays 70 percent of all goods are imported i do it with a model from to go to i'm a farmer the land is fertile sadly i had to leave the country because i couldn't get any seed or fertilizer anymore nothing instead our land was explode created and we lost the little we had. people use venezuela imports a lot little through exports public debt ratio is among the highest in the world. the i.m.f. . it's government debt could reach over 200 percent of g.d.p. this year. 2016 saw the start of the food

supply crisis since then the government has been handing out care packages to the poorest there is hardly anything to buy in the shops or anything ordinary people can afford the 3rd cause of the crisis inflation. people in venezuela spend a lot of time standing in line at banks or shops people are employed and those who are still can't afford even the basics. the i.m.f. also predicts that the inflation rate could soar to an annual 10000000 percent this year. as revenues collapsed president nicolas maduro started to print more and more money and turned the venezuelan currency collapsed and the black market flourished. there's no conflict in the supermarkets but you can get it on the black market where it costs 2 or 3 times as much. as that because of corruption yes it certainly is where do the

black marketeers get their goods. somebody provides them so the crooks can sell them. on the. corruption also stymies economic development and the ongoing struggle between the government and the opposition further destabilize is the economy venezuela is not merely on the brink of the abyss it's deep within it. example of an israel or shows clearly socialist central planning expropriation very often creates short for supplies energy commodities never enough it seems market forces are clearly stronger but that does by no means mean that in free market economy supplies always plentiful complicated mechanisms are at work here as our next report explains. what is

a shortage economy. imagine you go to the supermarket but the shelves are empty. and you go to a car dealership but you only get a car in 10 years live in a shortage economy. gary an economist janish corn i coined this term in 1980 in a critique of planned economies in communist countries. his thesis was that shortages in countries like cuba north korea or then east germany were intrinsic to the economic system. in these economies demands didn't determine which goods were offered at which price instead those decisions were made by the government's 5 year plan. and such plans often failed to anticipate demand or are simply unable to meet it. so does that mean capitalism never has

shortages. not at all. there can be a lack of jobs and housing infrastructure daycare spots and a shortage of skilled workers. often companies want quick profits don't train enough employees and outsource jobs abroad rather than investing in their home base . and when they do finally begin to invest there's a shortage of workers with the necessary skills. no matter which system long lasting shortages lead to corruption end up black market scarce goods were traded under the counter and he's germany but bribes also change hands under capitalism for example when affordable housing is scarce. but despite all the drawbacks and paradoxical as it sounds without shortages there would be no growth shortage can be an engine of prosperity.

and once you've got everything you need and want you can live happily ever after. and germany's big cities rents are high and so up property prices affordable rental housing and properties for sale are scarce one of the reasons not enough new houses are being built and that's partly because there's a lack of qualified builders electricians and plumbers and short people who actually can make houses fewer and fewer young people take up the famous german apprenticeships my colleague claudia last shot tried to find out why. the weather forecast says it's going to be a hot day with temperatures above 30 degrees celsius. from the top all citizens it looks tough but we're used to it we do this every day when it gets too hot we shift down the gear and he collapsed at the office with.

construction work goes on and all kinds of weather. these jobs are strenuous than they're unpopular this building site has too few workers it's a problem for the sector as a whole which is struggling to find new trainees. that awful state when for we don't have enough young people are what i call the mid-range around 20 or 21 they don't have the stamina i don't want that with all the conditions they're used to getting everything from their parents so stuff but here they have to do it on their own some of them lack logical thinking or the spatial awareness for their job or the saudis for sure but i just. this is a new waste water pumping facility for the berlin water utility around 40 builders an iron workers are employed on the site. the lack of trained workers is

a growing problem their boss explains orders are up and he could hire more than 20 people on the spot but he's had to turn down contracts because he's understaffed. sales are highly tripled in recent years in the past 2 years we've grown from $50.00 to $80.00 employees off the other resources on the labor market is simply exhausted and an aging society is also gradually having a. full. head hunters have even come to the construction site to will away his workers they've become of the. well you will commodity to keep them stephanie here she has raised wages in recent years his employees now earn between 16 and 18 euro's an hour. bob thought it was a matter of money in the lean years and after that wage levels had fallen so far

but it was no longer attractive to work in construction. that's been compensated stepwise in the past few years. but the industry still has a bad image. and that's not only true of construction many of the trades have a bad reputation fewer and fewer young people are choosing to get training in professions such as heating and plumbing fitter. with. this company currently has 30 trainees learning to install and maintain heating and sanitary systems. i want to hear from them why they chose this particular profession most of their classmates at school prefer to go to university. problem it is those people get this image from youtube or social media that they have to do this or that or make so and so much money and they only want to work

with computers and not to physically strenuous work or get their hands dirty and it . is time using them for i can't spend the whole day sitting on a chair i couldn't bear that. one of the trainees came to germany as a refugee from senegal on back home he worked as a baker now he's in the 1st year of his training and is still struggling with the german way of doing things. here's why whedon is working here is a little complicated because you have to follow the rules it's a bit more complicated then in senegal. the trainees get a lot of attention the company provides. extra tutoring and 2 employees have been assigned exclusively to them. this plumbing firm also has many orders but too few workers it's become more and more difficult to find suitable applicants the owner is concerned about his trades bad reputation. which is.

it's gotten to the point where lots of people have a bad image of our profession i call it gas water and beautiful bathrooms were seen as dealing with phil and being dirty and stinking the homes with whom one of them and it's not like that anymore and along each of our service technicians have a laptop that there's a lot of electronics involved and they have to know a lot about technology. the workers on the construction site don't worry too much about their image they say they're proud of their profession and what they accomplish every day. towards us of liam so for us it's a way of life you don't want to tell you don't we get some people who come and think they will get it shown to them quickly and they can do it but not everyone can you have to really want it that was one whole. germany has a shortage of tradespeople i'm surprised that not enough people want to do these

jobs despite respectable pay. if this trend continues it will eventually affect everyone. well the lack of qualified workers is already hampering the property sector in germany helping to drive prices and rents up small companies suffer not only here let's take a look around hyderabad in india as yon in china or the hunger in capital of budapest have seen rents explode by 25 percent in just one year berlin is comparatively well off rents have doubled but it has taken 10 years owners of small businesses are even more vulnerable as commercial rents are not capped here in germany sometimes help comes from unlikely directions how many java for example made millions with buying and selling properties but now he's focusing on helping small businesses to survive and thrive in

a demanding environment our reporter made berlin's property robin hood. rents in berlin have doubled in the last 10 years to hama jutta the upward spiral is a worrying development as a millionaire he has no problem paying his rent but you can understand tenants concerns. if this. gap between rich and poor gets too extreme you get social tensions the rich don't like that either. he's decided to protect tenants against speculative buying especially tradespeople what he does is buy commercial premises to rent to them. you know. this glazing company was the 1st to benefit. concert announcement has been handling works of art here for 50 years. this workshop was like

a 2nd home. not long ago the property changed hands. then you got word the new owner wanted him out. we don't have i was desperately looking for a new place for over a year. and a half but i couldn't find anything and when i did it was too expensive. than life in any way a 100 year old business needs to stay where it is. the company was able to stay under the same conditions thanks to him in java he bought the work space 460-0000 euros is among. this man makes a living for himself and his family with this shop the livelihood of the entire family depends on this shop without it he loses his livelihood. and that's pretty much socially unacceptable the state should step down that it's important to

protect these small businesses but they have absolutely no protection. in shorts. the millionaire believes in protecting renters. but of course he also likes a project that can turn a profit. he's hoping to get a lot out of this property the obvious tribune a. legendary berlin landmark. but it was 500000 euros quite affordable but i invested a huge amount just throwing the trash out cost a $5.00 figure sum it was fall. nearly 100 years old the office is widely considered the 1st motorway in the world the spectators stand for the old test track and racing circuit known as the tribune is the 1st thing many visitors see when they drive into the german capital. the obviously been

a student band and for more than 20 years. nobody had any use for it. come on if. you can't rent out steps and if something doesn't make you money then you can't invest so we're building offices under the steps to rent out. and there'll be a glass front to turn it into a $400.00 square metre event space the whole crowd. well cost about 7 or 8000000 euros for the fabrics i jot it has gone bankrupt twice in the course of his career perhaps that's why he knows what it means when rents become unaffordable. this is in the shower that's why you need tenants who don't cause trouble who pay their rent on time who take care of the building and don't bother you that's how my tenants are because they're happy i'm also a tenant and my landlord feels the same he just travels and plays golf because he knows his property is safe. just

a cold spell in home and he wants to make sure it remains a place where people can afford to live and work. what i call a win win situation that's it from me ever made in germany thanks for watching.

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tourism. coming up nearly. 30 minute spawning d.w. . many people retire in their sixty's. not sold out or 5 that's when he started his career as an art in fashion photographer. it's a miracle his extraordinary rise from underground photographer to working for both fashion photographer val to fight for chasing beauty in. 55 minutes to. read the real power resides. i come from there lots of people in fact more than

a breed in egypt it was the largest democracy to give me that's one reason why i'm passionate about people and aspirations and they can sense. the truth commission report is fried chicken but named after the 4th of the berlin in one and remember thinking at the time if the battle in vulcan for what anything can happen if people come together and unite for a goal. but i do the news i often can transfer to could see. 2 issues more conflict between does themselves i see despite my job to confront what does on policies and development put the spotlight on issues that matter most kinds of food security marginalization. a lot has been achieved so much more needs to be john and i think people have to be a contacts illusions my name is a mcclatchy and i were kids we definitely.

the world is getting more similar. to yours consistency problems. going to the global 3000 talk to a team of british researchers who take an optimistic view. while it is not always a good place but it's much much better than it was. just the world really getting better. the global $3000.00 special reports. starts august 19th on g.w. . british prime minister boris johnson has called on the european union to reopen parks at negotiations in his 1st address to parliament he also said the irish backstop that would keep northern ireland in a customs union with the e.u. must be abolished for a year chief john clarke junker has already told johnson that the deal cannot be

changed and. the us government has announced they will resume executing death row inmates for the 1st time since 2003 the justice apart.