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tv   The Debate  PBS  January 21, 2014 7:00pm-8:01pm PST

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it will help you reconstructing the beach and new when wong will. and eye. our. awesome job with the beautiful suggested they would start the hour though the run of the latest news about the suicide blast targeting a pro hezbollah stronghold of beirut. four killed in an attack claims once again a student radicals. brussels. turkey's prime minister finds in the face of criticism. his hosts chastising the crackdown back home on an anti corruption probe. it was
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rented office. the english football association charges nicholas and mel coker is boxing day goal celebration jester the bullet did not snowing. his eczema. tall another suicide plots targeting the predominantly shiite southern districts of beirut stronghold of hizbollah. actively backing by carl assad in syria. four killed in the attack on a residential district. their names their routes from my mom and little john hawkes did it. nope none of it that the moment asking parents for a southern beirut neighborhood. this hezbollah stronghold has been targeted by repeated compounds in recent months. security officials on the scene said this was a suicide attack. a
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spokesman in the midst of the strongest but i was free to point the finger old enemies. small high as everyone knows that the case that israel is hidden behind the attack. israel absolutely want to target shiite neighborhood a resist them this is the experts of local and national unity. why is that because it's that good however the al nasr affront to launch a company to operate its ear and simply disintegrated to the many recent attacks and has been claimed by hard line sunni militants. it's a she and auntie were being talked to that supports the syrian president. lesbians and a fine tooth out the crystal since the syrian regime. one fact if it's often called the warts is still open at the borders with syria. three runs on invites her new snag on syrian peace talks the government delegation heading for switzerland stuck in transit in dawson's creek
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firm refusing to re fuel its lane stadium. eu trade embargo. associations on going there earlier yes it's a gentle another top the years they've landed safely for the geneva to talks talks with tehran which refused preconditions. shane says the size of the main backer russia. it is a mistake you made sense on many occasions mini will not be contesting the school visiting told to consent to pre conditions in what is an ideal position to win has gotten a whole range of its support so that was it says is not very graceful. as i see it will be retained as an in principle stated in the geneva one unique as the criteria so soothing and dozens of countries should be in by either because they support regime change. who wouldn't. it's wretched tired for no one's first trip to brussels and five years despite new criticism for going after anti corruption investigators turkey's prime minister taking his case to the european commission
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standing his ground of what he calls a conspiracy by supporters of islam a square feet would go on and on to find the face of his hosts criticism. focusing on the ball a democratic country that even the inclination to separate the hours. this is the highest image and me laying on them. as far as the room towards the center the contractors painting tomorrow to see the scene i've never had a problem with that word that the proto meal having a state of emergency in ukraine so says an aide to embattled president richard m co . dad homer this tuesday the pro eu protesters still to find steve and anti riot a gloss. wearing construction helmets in ski masks to protect themselves protesters held their ground in the city center of kiev they've been engaged in a standoff with police and sunday. the second period the capital has turned into an urban war zone the name of
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brett's anti constitutional rules against our freedom and given the right to vote to give us time to do nothing until the stain so you know it. the new set of laws was voted by parliament last week and will be affected by wednesday. the prince today and nearly all form of protests in the country protesters setting up tents and publicly says least fifteen days in prison. those blocking official buildings up to five years in jail russian foreign minister warned on tuesday that the situation could get out of control. he also stands european governments for supporting the protests against president and co peeps. the museum is who we are convinced the jamestown on programs of any country me to be sold with the constitution the energy to the pace title without interference from outside the establishment of stew it is. president and co this as the violence is now threatening the entire country. a cross party commission will soon be set out to try to resolve
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the crisis. a partial victory for new delhi's new anti corruption crusade the chief minister are in control calling office didn't see him running india's capital in the evening. here the whole ministry. it's after two police officers were sent on leave. telstra will one of them suspended for misconduct or more broadly. like the city's police force he could under his government's control suspension has stated his intentions after clashes broke out earlier. riot police in control supporters have been prevented. joining the city. taiwan's opposition wants the imposition of a sixty day state of emergency governor dean optionally reaction to protest aimed at shutting down the government and preventing february second snap general election desperate measures from the thai government officials announced bangkok and surrounding areas can be entered sixty day state of emergency from wednesday to
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give the government palace to ban gatherings since immediate care and to rest without challenge. they say the move is aimed at containing an anti government protest movement. it's located on the castle. we've mostly they reacted to find safe. i always like that the emergency decree to last into the match and see to come and deal with. come and get us. we'll go to predict he will tell the prices has been cooling time and the unit came in one turn to step down. he accused the government of being under the control of exiled former leader thaksin shinawatra prime minister's brother. but signs main job of her recent spate of violent incidents involving grenades and firearms that the wounded dozens of protests. meanwhile the government seems determined to see the thai national election. you want to treat a second. officials say the crisis to test result
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the chemical. he said he was unaware that gesture was offensive. the english football association charge and france striker nick was a no cut over his canal salutes during a premier league soccer match. tribute to his friend controversial satirist due today. this is the gst is being difficult ballistic station team and use it described by some as an indigenous he still eats like a milk a so called canal symbol was described as an aggravated breach of rules of the references to ethnic origin race religion or belief. the problem and now faces a minimum flight match suspension. anelka has until thursday evening to respond to the charges the celebration called the french strike his first goal for west bromwich albion in the real draw with west ham united last month from two schools minister benedict on the pool immediately denounce the jester is anti semitic. sweets are no kids in mind the claims instead describing the canal as a sign of support for french comedian jim denny and alan
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bollard the comics he has been branded anti semitic sometimes on his stomach shares across fronts. yes they did it comes a new day off the prophets the company's new crew which are its sponsorship of an opus west brom it albion in protest of the celebration on monday nights when strong support this with the vaunted of the strike is gesture. due to sin and supportive friend ddd put a tribute to a friend the day a belt al mahdi told the body heat until the sugar suspended or whatever will be doubtful but not too far to kill anelka is no stranger to control a seat in two thousand and one the strike and pizza gemini stopped or a training session with buy some summer of entering the two thousand and ten woke up an old received an eighteen match ban from the french national side off the press recalls the planet of the deities team coach and implemented. the bride sports trainer is a live band on the catwalk. chanel's spring
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summer show in paris. from our collection. turning heads during. the it says that this edition coming up next it's the fullest and get today. noon. all sch. welcome to the false and yet today dumped us to peek out the eighty five richest people on the planet. earn as much as the porous three and a half billion. if for instance mexican telecoms tycoon carlos slim the tops of rarefied rich list was a country. he'd be the seventh richest in africa his family were seventy three billion dollars. a report by oxfam which highlights the study of a group of economists shows
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on the eve of the world economic forum in davos. how does he find super rich getting richer by the way i could squeeze onto one double decker bus. not that the tee box. so why is the growing gap between rich and for not more of an issue. two years ago when the financial crisis was in full swing. movements like occupy wall street through the so called one percent to control the world's economy. talk was of salary caps meaning in bankers' bonuses. this not the trend today. take france's socialist president last week scrapped his tax the rich mantra in favor of tax breaks. his inability to meet the current losses to hire. how do you reverse the trends and narrow income inequality in today's world today in a false and depth of debate as the rich get richer with is to talk about it from davos me join charlie left its mark on co founder of europeans now. she's the author of we the peoples of europe susan george of
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anti globalization advocacy group. thank you for being with us and thanks as well to me shadow present the former head of communications for the world economic forum is in paris today and i mean not in the post below here but more about what it's like that. to at davos and dog from brussels business consultant sunny kapoor were managing director of the defined thank you for joining us. the falls and gets a date because join the conversation on facebook and twitter are asked act s two for today. this would start the show in davos with balls and gets markers carlson. marcus is income inequality on the false live in a four sets of three years now and forever yet that's going on at the hearing more and more about this. the issue of inequality so so so it is set to be on the agenda whether a business because of a painting that said this to the problems. as the critics
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say i'm on i don't know it's difficult to to see behind this search field so to speak good idea though i didn't talk about that the talk about this it with the founder all that we keep each year via the internet online encyclopedia achieved his name is jimmy wales and that we talked about the date the issue of inequality and how it made since doubled say to the wet season to see the deceased to sports to stake a significant stake in a uk based telecoms operator called to the peoples all the right tone and the kids said ten percent of its revenues sixteen starts he gives away ten percent of the customer bills. antony wilson says that said thinking socially thinking about the eye of the environmental impacts all of the company is becoming more and more often hostile business taxes. rather than social responsibility being something that companies do is an after effect or an
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afterthought or going out on which people have been quite rightly a little bit cynical about when all the opportunity to have an actual good solid business reasons to do these things because consumers care of a people say that if the business model of the option to two to go down the socially responsible role today will cost him a lot more money. people say he's acting all to choose that option he's going to go the other option will cost less money on past the last of the response that some will some won't but i think that's why it's so important that as society is changing as consumers have the information they have the ability to tell others about concrete is doing something good work over this when something bad. and it becomes much harder. and much more costly for business to not do the right things kiddo was said to me well speaking to me and it's if it's here it's also was worth mentioning that to the wild economic forum itself it is actually puts growing gap between rich and pull a
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growing inequalities at the top ten lists or out in the top ten among it to among its health risks for the global economy so it is sunday on the agenda i would use a top ten in terms of risks what are those risks well i did that that the perceived risk is that if inequalities continue to grow if the gap between rich and pull the big city just becomes law to enlarge involuntary will undermine the entire town to the system may envy and people are simply not winning team participates in the counsel assisting the us can seem as if they are seeing dad manages of the global companies said people with a lot of money getting ethan even richer. where is their incomes are are are becoming smaller and smaller. so then that is how it the world economic forum that the beast the seats that risk turn markets across many thanks for that update from davos um let me begin a brief you
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sonny to pour in brussels on the front page story today i was this report said these economists that was highlighted by oxfam. your thoughts on income inequality has anything been done at all to try to reduce it since the financial crisis broke i'm know the truth is absolutely nothing in that case nothing of any substance some symbolic gestures him that. and if anything be in rooms of the game combined with that once again re mobilize edition and technological change had for that it did in line skate time to listen increased in any quantity particularly at the extreme levels. and so i think that the basic structure of the dates need to be addressed in the future and in some ways you use the odds are that you set something up for his state of
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technological change. why is technology part of this equation. while for two reasons that at one level of technology ace contributing to the home going down the fort used to be made and lost like on the jobs. many of which can hide then i'll be outsourced or our candy want to make it and say you are seeing and this is one of the big factors that is going on in the global economy the whole growing up golf what used to be the white one in the last one the one in the second reason that technology comes in really important is because technology offers skate. so things that could only ones being sold locally. if you look at firms particularly in briggs uncle vip sect at the beach keogh who will have more hours in that sector there was cinched the deal with for us. so technology significantly reduces
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the special flag predicted the bill the market which means that any returns that to get our knowledge generated at least in that way. technology plays an important part of the deal the level of there as this was not the case before and technology in this similar re also apply these particular needs the financial sector where those billionaires knitting for example in india or china or russia or dance with not just in the united states and europe. more or less make them money out from the deal the economy and used it be and who both been in as in other countries has as their budget walk and they are the people they hang out with them as the rest who was around forty some clothes a few that in the streets of mumbai or denny your religion and rats that is left aimed at increasing need for state so that inequality has never been so much in your face as
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it is particularly in the developing world now. but in the developer. this is mostly showing up as a hauling up off the many losses. already we have a reaction from chris on facebook saying a lot of outrage and finding the findings of the oxfam report that the reality is this to you susan george b c eighty five people these eighty five super rich have added massive value to the lives of even the forest people. i'm sorry to say that's simply not true. and i'm glad that oxfam has been able to seize another in sch and say eighty five people because half the world that's fun. we've been doing this work for twenty five years lease on this coming. and every year there is a report or two more on that stage against inequality is increasing and with the you measure it. between countries for the weekend. single
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country. it is increasing and in some places it is suiting in the developed world dickensian level. now when you say these people have been. huge value. festival gdp doesn't mean anything in inequality. the most unequal country in the world is namibia. it's how much more comments you have to shave or not to come. not that it's not the gdp. on most of the riches of those people have come from financial transactions which look which i had practically no social value. then to the income of the country. it is the sharing of what the firm which has to offer the cults. now if you look at the way. the witches are going up in the united states all of the game since the crisis began in two thousand and eight. ninety six percent of that has gone to the top one percent. oxfam
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is right to to top that you use last year's report. they talked about. two zero zero zero point one percent. it's not the one percent. i keep on wall street and it really isn't very few hands that some would say five or six thousand feet don't report to highlight to read. the world wealth report. but the mideast peace reports on how much money there is out there who has because that will tell you a lot more than the reports on inequality yes there's nobody here first commentator was quite right. at home the outrage is focused on the wrong things is studying the court. we should be studying the rich much more because they are not contributing to reducing they can say they're shocked davos concluded that the top of their risk risk but that doesn't mean they're going to do anything about it and we
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know what to do about it it's a political tool. what a summit in he says you about it. taxes. or. cops. taxes and celery carrots. he showed his ak you heard. it was susan george had you heard earlier with jimmy wales founder of the kiki dee assess how well some people among those attending doubles we'll be up for even when spreading out more the wealth and others won't it's just human nature. i hope you like lilies that we would stop focusing on the cdt fired onto a daughter twenty two to reach. i don't care to be honest but i think we should do more. what's going on really. for example season as the case. so for the new money has replaced the so called money. which by the way generated a lot of the shoe was financially because the new money doing that behave like old months that's a first team. so what is new money new money is
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entrepreneurial these people getting towards me give you money on the internet it or you'll create two new technology or new wing of eighteen and two so you know you are entrepreneurs who are not old family establish you know getting the dividends every year in and the tasman will be challenging for example is of god. you know the region and iran because you look at my crazy trying to turn on the days of old family business. the oakleigh establish the region leading to a problem so why money is disappearing slowly but surely. and by the way the behavior of new money is at stake as a first for the second point is very important one is reached when sport. here he crawls. we ate the cake onto a ktv. we are seven euros. you are considered as a cool guy. in cross. believe me we hang onto it a tea set in a row to
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put bangladesh got quite a wealthy man. ok so the problem is where are you reach and where are your core the feral cats are so so logically you know to reach here. your reach it across your girl more than three thousand euro them off. what is in me with great kids when you know education with taxes. the problem here is a decent he said to me that his vanishing be shrinking. and that's a problem flaws inherent in democracy but it was so sunny and allows one to young people are not getting increasingly more you know the good job last year the nikkei in spain lied to. everywhere the well by the way and you know opinion that the graduates in bangkok you need a tease us to stop the lies you know in that so not simply to retired people today in a less than well richer. the rich and young people of the porous and that
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ms lennox here you know i don't read twenty nine. now he's conceded he sees as a rich country. do you know that for example is the most in that country is oecd aware of the week sixteen or seventeen percent of the egg alleviating poverty. so you see what these and not at stake here is not to read the new wheeze not the property and carrots only is the awning to the full five ten twenty begins. it's the problem is that jacqui cheese and rj to capture the gap and the shrinking of them in their class and more importance to the real issue we should discuss ankle and with suzanne is that these traditions it utilities and distribution of life in the society is not is a lot of money that people don't get is to re distribution of the money and so with the suicide is not the integral were aware of
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the extract some angels nineties the city chic common on twitter how can anybody possibly advocate more tax cuts for the rich when faced with a statistic like this um. again you were saying cap salaries no tax in switzerland they actually had a referendum about taxing capping salaries of twelve to one. the last while for the wealth of the richest one for the one for the lowest employee is well now that it's not salary so much although the top executives and us corporations are getting five hundred times the pay of the average worker enough so he is also sung but i think we have to. i can agree that the middle classes being hollowed out book was. i mentioned the merrill lynch wealth reports. they crack the high net worth individuals. every year there about twelve million people who qualify now there are twelve at the beginning of the crisis there were a beauty so that
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there's more people who have more money than ever before the bottom point of the crisis the collection of high net worth individuals had about thirty two trillion dollars. this is two and a half times the gdp of fronts with the conduct of love on your up for the united states no they are about forty eight. true he's gained forty percent and numbers and maintain forty percent in well now there are three times the gdp of the u s. six times the gdp of china. i miss is the population equivalent of greater power suits so this is a really tiny group of people and geographically spread out still mostly in germany japan the united states but more and more of them in the india and china and so on statistically week and so on that but i think this annoys people so if they prefer to
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know that it's eighty five people equals half the work ok fair enough but there are many many other issues to discuss because of this inequality due to a society including the rich people can id reduce inequality. how do you pinpoint it will be picked up the most points me to mac to take a quick break stay with us to watch in the halls and cats. because i knew i should just treat it was an everyday. because breaking new skull plates. so much. in all situations. so
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too. just that. use the schools. close the gap keeps you up to date with all the latest from the world of sport. all the action. all the results of all the emotion chilling done anything for his all round muslims like and don't know the business into view. one on one discussions with the people of less about the issue is that much. this week chief executive denise and talks to false the business entity it all falls like that. that outcome
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do you want from me when he swims. don't tell. you can use to access to information asked for unique experience capital call the international news web sites. the our eye. welcome back welcome if you just joining us for this and the false been shipped today so will the stories we're following for you at the top of the hour into the suicide blast targeting a hezbollah stronghold of the roof or killed the attack claimed by sunni radicals. in brussels turkey's prime minister defines the face of new criticism is hoped chastising the crackdown on anti corruption. mickelson open charged over his boxing day goal celebrations just read
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the french football is to not be snowing. in sentencing. i know. call. welcome back or was he just joining us this is the false been tested to date. we're looking at how the rich getting richer the opening of the world economic forum in davos on reports the compound by economists issuing on the eve of that sum is how those eighty five richest people in the world's wealth it's equivalent to three point five billion people on the planet with this talk about it from davos. phew its mark on co founder of the europeans now welcome back into the show. she's the author of we the peoples of europe. susan george and utilization at this with the group attacked him and also with the submission of these a former head of communications for the world
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economic forum and from brussels business consultants on sunday to pour. we were discussing before the break about. what the numbers actually mean up about everything was consensus about the rich getting richer and the port getting core of the numbers. no huge surprise the top one percent in the united states for instance making twenty percent of the money aec this is the attitude and blueberries from nineteen in two thousand its two thousand talking mean we see what was back in nineteen eighteen you see the difference in the united states. this is one twenty percent. notice the gap is much much now or when it comes to france hewitt spark widespread sometimes gets a hard time on this show up for the way that the taxes are high the social. the social welfare state to a trooper and it wraps up and
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criticized suspicion about my entrepreneurs. but it is it seems when you look at those numbers more re distributed and there is less of a gap between rich and four. it is the case and i think that france. in some respects has managed to keep a baby a gap that is a more respectable than the one that you find in many other countries. um so up for you then kudos to the french on that nonetheless from the country that there is only slightly worse than most when things are doing badly and that faris miserably when everyone else is doing well. i can't report on how the model. on what we have here in davos r and d to mostly people from the top one percent but i think you have the wrong target. if you think that the one percent that are represented here are the ones that wanted to see that kept growing. among the people who are gathered at the post you have among the most powerful and richest people who want to reduce that gap
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the people who don't want that gap to the regions are the ones who don't come to the books. are you saying that due to the people buried there want a gap up to be reduced people who like to get cynical and easy way or when they see discussions like this cousin is still yet because they want tax write offs and ability in any case its key are twenty twenty an answer to that. i think that actually the world economic forum contrary to how to what it so often depicted as is actually in an extraordinarily apt metaphor of the way the world is evolving. umm forty years ago the form of dd very much like something like the congress of berlin where he had colonial powers gathers to divide the riches of the world behind the backs of the people of the masses. um but to him that was correct it and in the eighties he started seeing a new comers like brazil and china and
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russians and africans. i joined the table but i would say it was still so large extent the periphery coming to greet and pay homage to the center but what you're seeing now. the hardest earned see these days and the posts are not big multinationals from the west the hottest trends seen the posts are the parties thrown by indonesia south africa. malaysia mongolia thailand's they aren't the gatherings organized by started orders from bangalore to shanghai to sao paolo and pool are the people in the wax. um who do they think they are those who basically dispute the fact that now that he now that we have all these new players at the table we should be questioning the entire system it's some scandalous. i find it in terms of wealth creation because at the end of the day. this is how we create wealth and at the same time it's scandalous because at the end of that they will know what the anti globalization movement is losing. track of the fact
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that the new guys in the global isolation are the underprivileged that yesterday. susan george while i was just a festival that i don't know anyone in the alter globalization movement not count on all ten different kind of globalization. who could go on to say that they don't want small startups to succeed and sixteen while and that simply isn't the case most money no is not made in start ups. i wish it were i wish it were small and medium businesses that were doing very well they're not the european central bank says penn has said for five years that every single trimester are getting fewer loans and credit is tightening so caught up with the money is really coming from those of the people who employ you. where the money is coming from peace in the financial transactions which has increased by forty percent since the beginning of the crisis derivatives are
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going. he waddled all over the map also up by forty percent since the year before the crisis. we have to look at with inequality is the fact that everybody suffers from it including the rich because concrete dates societies in which there is. this is all statistically proven more crime more young delinquents greater prison populations more physical and mental illness is more obesity. more of everything. the two do not want in a society and this is something that then people will have to go into their gated communities and they will have to live a million miles away from the people who live five or ten miles from them. i know that these people are also. naturally those who call into drugs and alcohol. unwanted pregnancies and everything you don't want
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this is increased by inequality and soak in the midst of the developed countries the united states that has the most of all of these. horrible phenomenon in britain after that and then down at the bottom europe is doing there if that's true but it's getting too quick the coefficients are going up to show that europe is also unfortunately getting more unequal. if you are caught. well i think that the team we should attend my point is simply to say that we the people most able to reduce in a position to reduce the inequalities that we are all appalled by it frankly those people are gathered here are many of them are gathered here and i think it's wrong to think that basically because they are part of the one per cent they are not genuinely interested in improving
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the situation of the people around the world who are living on. one or two dollars a day. many ask sunny to pour in brussels have won back the clock to two thousand and two thousand nine the politicians have a go at it with those g twenty summit that came about and so greasy that the income inequality is nonetheless still going to refill its mark on that the people who are passed out to find the answer to these growing inequalities are the ones that are gathering in davos. well yes and then in his backpack couple of things first the idea that the eighties the bitterness from the poorer countries to nine in asia. at any anti nights at trial. who are the future not the thing that happens on our baby denying source days of reducing inequality and poverty i think that is it that we deeply flawed notion
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i would have a seriously having with both the developed and developing were to say that the new book rocks as if that if i may use that word from developing countries have much more in common with them in a man is a out of the rich works. and they live in increasingly isolated i think susan george mentioned in a million miles a day from a local community both in their aspirations than their lifestyle and how did that bit of a million miles away from the communities that the corrupt and this is one of the one of the consequence of the overnight session the second box. i think i can abstract level i completely agree many of the people gathered in neither was economic forum today including many friends of mine. our family enlightened individual scoop as to the individual actions. tried to address many of these problems but i think there is a big step between one thing at an abstract level to
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address the problem and recognize that inequality is a semi serious social but actually very serious economic problems it up as there was a big step between recognizing that i've actually been and will take a one days and not truths the ocean saying let's have said the higher level was all for a golf estate taxes let's have a much higher than those of those facts is an income tax and i think with the exception of george soros who has said explicitly that high tax is not necessary. there are very few people who were taking that next logical step up from stating the abstract needs to do and it's into xd i'm policies that affect them personally. the important part to consider is that the uganda for the social and the health and the reasons that you know that that that susan effort to wealth inequality being bad in
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itself or society is. it is of course badly important of these billionaires cannot continue to be bitten as if this inequality is not addressed because the global economy is suffering from a structure or lack of the mondo falling out of them in the last of the rising inequality means that there are no idea the rise and it was a shrinking base all up a nation of them on the gates that these corporate titans added that the sensex to make the money and the last one when the making is that it is important to distinguish between the different kinds of been in as now. in particular i want to single out that those who have benefited from rent seeking and this is where the new bill in as particularly when russia privatized its assets and similar things have happened in india and brazil are then you realize it's this coming. people who have become billionaires not the way to off having
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developed some new product that is very useful in new technology but simply because their political connection and i think that is the only pernicious development. and that the second bar beach is predicting a pernicious day is being as with the image for the financial sector because of my brigade level the mexican tradition all these financial sector today nobody called me is that the limit and indy's both of these cases the nut cases of rent seeking and the absolute last point to make it is that the problems reading arrives with this rant scott's influencing policy making and the nexus beten bat and ball or we've known it started and he is very strong and this is their stage the word is a way that the collective level the people who have the money. i have a disproportionate influence and policies that could actually be in use to address some of these problems and
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this is why we have a massive analysis of policy making not addressing the single biggest challenge facing us which is in the quantity of this pernicishem. money talksn as the adage goes you were mentioning the sensitive issue of ince redistribution onwards higher taxes. one of the main talking points of that report by oxfam is how the rich avoid paying those taxes the state's eighteen point five trillion dollars worth so you can output this year the mission of his act. this teasers from recurring themes we've been hearing about for twenty years. in a crackdown on tax havens for them and reduce income inequality when the crisis hit in two thousand and two thousand on at the time did you think. ok this time. more to do something about it. he said when the first of all i want that to say that when i question the commitment of the participants to enclose the of course is an
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essential way it falls away but taxes net access. today semi detached east according to most taxes is aware. as soon as you get to meet the money. mckay and saturday are you trying to be keen to be. i would sit on doesn't mean that last update you all are so wide open eyes of texas said safety shield. not only to shrinking to me in class. but they're also all the facts to me that connects the main crops don't know what i want to utilize has affixed to the us i think i would like to include open a debate that has a history you know. or what to talk about. was born in nineteen fifty two with me still so vienna cause we get on down to the palm trees and green wheat grains of grow. and so went to b's on build them up as it became a developing country and now we call the temerity to get me going to go back that far at all in two thousand and two thousandnine at that point did you think ok this summer
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to do something about it. so why because it forces a good place to find a shirt forces in place in all we need one time according to the old loyalties nation of the way more than a bb gun but that failed while one was in the sale to reach people they're rich. it felt the democrats. mostly in asia when american markets ok china brazil to pay too much tied by the way in brasil. which explained a lot of demonstration recently that day and felt very cool everybody said grades that you don't want our ten years ago. then don't read and know you'll pay two dollars a day koch what's a recess today so anybody say it all mckay is good for developing west of everybody. this is not true. if you don't
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necessarily know is what you're describing a fatality is this. no it has to be don't do something about it if we don't find this tv staon eternity to me why i need the infrastructure nz us it's like to welcome p built education. also note the terrorists see in all countries is the launch. you know fifty percent of people in thes nor understand what the right quantities into a cake. the fuel to exit access to said yes he still has a young puppy. you know the feel good evidence on that. if you look at all christina also while we aren't you thrilled with all these nation as a planet or over is applied arts any more can i just want to. yes think i think that isaid that is cometely correct and i i do want to be the re
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emphasize that this artificial distinction between the developed and developing one that i've tried a note on the posts and it is much more about that in the society is those who have greg seeking opportunities those who have been all day and the regulations that allowed them to continue to seek mode and those who haven't all been political influence and are able to transfer pollen in the generation of me. those are the pernicious forces that money to tackle and accents that talent is in the united states on the one hand and that the time and is in indy on the other are similar nature perhaps different in mind that i can do a good report about the outrage but it's also a member of the chinese that congress the chinese bottom to combating back to the average was off by the member the us senate and u s congress. and if i remember correctly the outrage that a parliamentarian in china is a piece about ten times richer
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than the average parliamentarian and the united states. that particular concentration of bitterness and gain antenna so in that sense the challenges being faced by developing countries which are the one and had reportedly the last words you know breathe deep or parts of society living in one of two dollars a day combined with the rich emerging. the switch is no less strict than baby gates or george soros others are in the united states the difference in power between though is the difference in that beat the disease is something that has really been seen before in history. some of this mistake correct has the politically losses in my mini plus imagine the state imaging in some of these places but particularly because of things such as the white itself tax is the fact that these billionaires and to fill
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cracks feel that they have very little to do with the societies they came from but instead it. you know view the bin is in other countries as dead as they appeared the fact that they were not want every agreed to do and what had happened before in history. i think therein lies a huge problem and we have a comments on facebook for moses saying the focus of our leaders in global thinkers should not be about how we share what is available. but how we create more of what is possible would you agree gio great athlete but he should have a good education and good health and be in a position to create more wealth. i think once that wealth is created which is being created in a very high rate of because it's all going to the top one percent. ninety six percent in the united states since the beginning of the crisis according to paul cooper. the perp walk. people don't remember that he is
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stuck under a republican president in united states eisenhower. the top slice of income was taxed at ninety percent. then reach in the united states always complain about taxes but at least. the society was in better spe. the quality but the way and it was brown and. we are also not taxing because so much money can escape the middle class is being taxed. a colleague is right but that is because they had fixed address. it's the very rich that have the lawyers that have that the accountants who can spirit that money away so that they don't have to deal with the loss that ordinary people have to deal with it hit its mark on. the problem is that the people of the countries that are best at redistributing wealth are basically that she is. i created it. so you can tell me as long as much as you want that indeed there is
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enough wealth being created i can give you a very simple example in france the average growth in the past thirty years is under one per cent when you're creating the kind of wealth talking about redistributing it as nauseum is i'm sorry masturbation. so it depends where you are and i think it would take to get back to what sony was saying i agree with everything you set. but you make a very important distinction between pluto press and a whole bunch of so called emerging countries the very end aptly so names of ants people from western countries billionaires that are being a big extraordinarily and radically differently. and so i think it looks just remember the post is during vastly more people in the second of the of the second sorts. then of the pluto press show present i mean we are leaving rates on those in need of growth. i mean every everytime you ask
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a ceo or us petitions to target. wolf wolf wolf is plenty of maths book. what about twelve k emerging markets was the pockets of growth. now as we know he's the climate debate is that nz we quit. i need to on the market. which when not been iffy was the rest of the war of probity. on the next twenty years innovations and innovation as o t were of low priced wheelbase and yes but most of the doubt creating a national international and will always be kind to call to find a new breakthrough innovation your technology tree. three d printing and soul. what about the adults in your jobs all green economy. shorts and a new home. o k so around ten hours on a beach i had was the same day and the new derrida or the way we react it was a waste. so why does it mean we are waiting on a pool meets. what is more
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important key to what is to understand how we change the way we create it on at the end we'd east division oh wait not by taking was that reaches to be preserved for us which is a french utility but calm. two great to see these days and weeks and then it all and any fee of one to ongoing reviews seem to me that you really need to give up the need to state intervene in the minimum amounts and that costs money is as susan george st different occasion the sort of did you know i would like to send a message dallas may be that i would just call it and finished with that one breach in the us economy the mechanic honesty say the reporting that the new cool that he has a duty and friends with or team. u d d d nine at the fishin while its times and to come back to reality and even our jacqui as a policy that was a failed
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wales said to teach tennis today is that we become all are the deceased and which create fell twelve c to eight am and not when she mentions the agreements. we're almost out of time in this one as you want to organize a double saying that to the world is still too much caught in a crisis management mode when you're in doubles to future lurching from one crisis to the other from one crisis to the other i mean it's it's hard to say i've done some exactly where the don't know where that quote is coming from um i i couldn't say that no i think that to what we're seeing is people trying to adapt to change into a world that sorry for the first or singing or something so banal that. i think that people underestimate how even the most connected to the so called riches most powerful people in the world are on taken aback by the rates of
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change that are times in two seats. i think everyone's trying to um get a grip on what the is happening and where is this acceleration of change in the banks and the answer is unfortunately it's going to be much more about adopting. um then than anything else. he didn't change. economists know about something called the bike near her. which shows that the grading of spending the higher the level of civilization in the country and has been given only five and over again to everyone again about the redistribution of wealth sarah and i got to do with that. there were originally i wanted it. stalin's russia would be what i think if you look smart. born in brussels and also me send a present for being with us. thank you for joining us here for the postponed to today. khan
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the i know. i say. it is lately. you know. i know lou
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and all. i can. in june. it is. and yours. it is. is this
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the top today from france twenty four. a live debate on top of the day. one day concert at seven pm optional
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i chopped off. in particular to find a way to stop and a squeeze play. the process the thus he can also see the blind and americans are over nsa surveillance president obama is reported promise is almost don't need the reforms go far enough also the nation next. and in the uk not visible from the sun in on who wants his father to the us drone attack going on in so we wanted the uk forced to reveal if the british government. i then got back from sight but c

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