infrastructure construction some are region special economic zone promises exceptional of the treaties for developing fuel business in russia will come to the small region for more information log on to the existence of you. welcome back you're watching our t.v. these are the top stories uproar spreads across the united states as thousands of angry americans demanding corporate lobby be held accountable for the economic downturn the occupy wall street movement that's brick new york has already spread to a standstill chicago and boston. greece's future hangs by a thread as eurozone minister is delayed the next release of bailout funds desperately needed to keep the country clear of bankruptcy this issue comes after thousands and downs he would not be able to meet its debt reducing targets despite passing tough staring measures. plus human rights groups blow the whistle on the

cotton industry in a bad stand which they claim earns the government take a portion thanks to the use of child labor. the world has been going through tough economic times over the past few years leading to serious consequences in just about every corner but it's and i know wallerstein who's a senior sociology scholar at yale university thinks that they're really going on a crash is yet to come that's now interview that's next here on our team. thank you very much for being with us today sir. so exactly two years ago you told me that the real economic crash is still

a couple of years down the line with us right now. i know it's a year or two still down the line but it's but it's very clearly taught me well the biggest trouble at this point the united states the european union just the rest of the world. actually everybody's in trouble but the united states is clearly in trouble european union is in trouble i think it's in less trouble than the united states but it's in for a full time but i eat i think also that the so-called newly emerging countries or the emergent countries brazil india and china are also in trouble and so i i don't see anybody who isn't in trouble so like you're saying the global financial system is clearly broken what is wrong with the modern capitalism that's a very long story but i mean modern capitalism has in my view but that's a long story reach the end of its rope and it cannot survive as

a system and what we are seeing is the structural crisis of the system so the structural crisis goes on for a long time it really started in my view more or less in the one nine hundred seventy s. that go on for another twenty thirty forty years it's not a crisis of a year or a book after a short moment it's a major structural unfolding of a system and we're in france to another system and in fact the real political struggle that's going on in the world though most people refuse to recognize. it is not of capitalism should we have a should we not have it should replace it and i'm of course you can have two very different kinds of views on merchant replacing what's your view well i would like are a more relatively democratic more relatively gala tarion world that's one view we've never heard of the world. it's possible. view is that you have

a very. unequal polarizing exploitative system doesn't have to be capitalism capitalism is that but you can do that many other ways some of which may be for worse than capitalism so that's the way i see because of the political struggle that's technically called a why for creation. of a system so bifurcation i'll say capitalistic populism system is directly linked to yes its roots are in many ways the impossibility of continuing the basic principle of capitalism which is. ceaseless accumulation of counter. round that's the whole point of capitalism as a system and it's it's worked in some ways marvelously well for five hundred years it's been a extremely successful system and what it has tried to do it has undone itself as

all systems do but it's a dangerous all this social economic and so enormously dangerous to the pros and cons if you mean is it dangerous to you and to me yes it's extremely dangerous to you and to me. in fact. none of my books i called it hell on earth it's a system in which everything is relatively in short term unpredictable and people cannot live with unpredictability in the short run their lives. unpredictability in the long run we cannot trust but if you don't know what's going to happen the next day or the next year then you don't know what to do and you get paralyzed and that's basically what you're seeing in the world economy right now is a corral osis nobody's investing really because they're not sure the three years from now they'll get their money back so when you're not sure three years from now you get your money back you don't invest and if you don't invest that makes the

situation even worse but people don't feel they don't have much choice and they're right they don't have too much choice the options are are are few and rightly said we are in this shape process and stop us know the pros and cons we have no choice but to be in it or to see a way out well it's not a question of a way out we obvious what happens in a bifurcation at some point the thing tilts on we get into a new relatively stable situation the crisis is over we're in a new system and we don't know which one it will be it's very optimistic in the sense that it masters what you and i do in a way that in the normal workings of the system it doesn't matter in the normal workings of the system right you put a lot of energy and everything in the end because back where in russia there's something called the russian revolution in one thousand seventeen there was

a revolution it was in enormous social effort right incredible numbers of people put energy into it try to support it in x. and y. way they did incredible things and in the end eighty years later you see where is russia in relative to where it was in one thousand thirteen in many ways it's back to where it was or not not that far from. where it was same thing could be said of the french revolution enormous social effort and after fifty years they were they more than a sort of ripple on a continuous line of. change within their country so what does that say that the importance of the personal choice that you're talking about that you and well that point is the situation changes when you get into the structural crisis

instead of a lot of effort. making small amount of change basically a little effort can make an enormous amount of change because the whole thing is so unstable so volatile that every little effort pushes it one direction or another so i sometimes say this is the historic. of the whole. philosophical distinction between determinism and free will when the system is relatively stable it's a relatively determined a system in which we have relatively little free play when it's unstable when it's going into structural crisis three rule comes into the picture that is to say your actions and my actions really matter in a way that they didn't for five hundred years that that's my basic point

now they. range karl marx as one of your biggest influences do you think he's still as relevant in twenty first century. look karl marx was a great great thinker of the nineteenth century he had all of the virtues of his insights and all the limitations of being a man of the nineteenth century one of his great limitations was that he was too much of a classical economist. he. he was too much of a determinist and he didn't see the the fact that systems he did see that systems come to an end but he thought they came to an end as a result of a sort of process of conscious revolution and i'm suggesting they come to an end because of internal contradictions. and everyone is

a prisoner of their time there's no question of that so he's a prisoner of the fact that he was in one thousand nine hundred three think i'm a prisoner of the. french pretty picture of heart on twenty first century where. i was formed i mean i was born in one nine hundred thirty if seventy years in the twentieth century i feel that i'm a product of the twentieth century and that's probably reveals itself in the limitations of my thought how much ways do those two centuries different that you translate it from twenty to twenty five are they really that different well i think yes i think the. real turning point was in. syria nine hundred seventy. first of all the boers the world revolution of one nine hundred sixty eight a not. on not on important events and in fact i think of very. most significant events of the twentieth century more important than

the russian revolution more important than the us coming becoming the. power in one nine hundred forty five where there are. nine hundred sixty eight broke the liberal allusion that was. governing the world system either. in fact the bifurcation we're coming into and we have been living in the wake of nine hundred sixty eight ever since everywhere are you saying where ever since then we've been living. on the brink of sixty eight is that hard thing to deal with the fact that. people often say for the last to. become more violent there is no violence i think what it is. is a sense of discomfort perhaps not measuring the actual reality of discomfort but there's no question that people were relatively calm. in one nine

hundred fifty s. or sixty's in a way that they're not calm about it today everybody is fearful. in many ways they have right to be fearful if you would still think that with all the progress in technology or the fact that we like to think we're more and more civilized there will be no more words what does it say about human nature it says about human nature of the. people are ready to be thought i would talk to many many circumstances i mean. are we more civilized i don't know that we're more civilized. and that's a kind of dubious concept in fact first of all the civilized cause more trouble than the civilized the civilized try to destroy the barbarians it's not the barbarians which are destroying the civilized the civilized define the barrier of the others all the barbarians we are the civilized this is what we're seeing right

now trying to take. all around the world we've been seeing that for five hundred years now thank you very much for this interview ok. brown our hero. we hear it was our padre outs that. god promised them the cylinder long stops.

will if they are still going to be thinking. and gone chosen people will not believe that god is used to say ok this land is just for you guys of this god as we . understand this is the. risk of my then. stopped. well the british soil.

market. want to know what's really happening to the global economy with much stronger no holds barred look at the global financial headlines tune in to conjure reports. uproar spreads across the united states as thousands of angry americans demand a corporate lawyer be held accountable for the economic downturn nor and by the mass media of protesters any york and other cities claim civil disobedience is all they have to make their voices heard. we sense future hanes by threat as eurozone ministers delay the next release of big funds desperately needed to keep the country clear van persie the decision comes after athens announced it would not be able to meet its death refusing targets by passing tough austerity measures. because from the glitz and glamour of high fashion catwalk to abuse of child labor human rights groups blow the whistle on its back stance cotton industry which are

the governments of the fortune. i'll be back with more updates about fifteen minutes time before that it will take a look what's happening in sports with andrew. you're watching the sport nice to have your company and this is what we've got to leave the russian charge of the china open water push right down the road except as an early exit. plus special strike it be a do you get this first call up to the russian football team after curfew called zoom back a year i qualify as. the rugby world cup to form a well it's fun taking the this is then you. will start out with the tennis rushers world number three. is just getting here trying to open campaign underway she's up

against a love from the czech republic they are just starting the first set there as of one of the over shouldn't have any problems really she's fresh. into the second round while her opponent had to get through a top three setter against another russian not even try it on monday i ching the russians are in action today for free and see a positive change. in the set that against manager is a martinet sanchez and a bit later on the richter lanka faces u.s. open champion some stage for a second time in two weeks after beating this friday in tokyo there was a scare for the women's number one cause i was the asking of her opening match defending champion was up against the n.c.d. loosely tied the record and the world number forty eight despite some solid try to seal the first set six three. was back with a vengeance in the second to take it to love but was again made to work in the decider before putting in a love with seventy five. speed guns but only because the

russian admitting it's been a bad season after crashing out on a revalidation the second round also bowing out was italy's french as. schiavone to shell shock i said back into mini get involved. in the men's draw world number one because our my greatest taking on russia mico usually he's treating the spaniard in all three of their previous meetings and they are just starting their latest encounter on the other big name playing today here with free to song he faces trial gary's up and coming twenty year old would call me throw him on the former men's champion andy roddick stumbled at his first hurdle in beijing the american sixty going out to les and i'm kevin anderson a sign africa anderson smashed eight cases in some clash with these two fury a short tempered and that have sold forty six for seventy five percent a final score in this one. you know it's a huge win for me it's well you know it's been such a household name since you know since i was just a small kid and you know he's there for me it is you know he would say sums up his

twilight of his career but you know he's such a tough competitor and with the servants of the office. it's really tough to beat a. person at the time this year and it's got a little bit or it's not so it's it feels really good you know having somebody as good as and now in other news that we need face in the russian squad for that she remaining euro two thousand and twelve qualifies but we've been striking a lot of media has received his maiden call up to fill the void left by the injured alexander courage to call for his ankle at the weekend twenty three year old to do high school three goals in twenty games since the start of the domestic season while coach the caprica has once again overlooked former russia star dimitri he started his time. with a go after showing for ben hard last season really does russia go to the back here on friday for hosting and to work four days later. so close he called his ruled out for a couple of weeks he was in the walls and the teacher draw moscow at the weekend that

know he suffered a lot to his face and now some spots need to spread out is sent off because you can't then went on to school for senate before picking up an ankle injury. meanwhile russia plays her back for me while i was flying kingsley jones become their new head coach the reputation arrived back in moscow yesterday after failing to get into the knockout stages jones is currently detained assistant head coach and is being tipped to replace nick i knew that as he stepped down as head coach after their last great game your national self says is that part of his plan even before the tournament it ended i had started rather and hinted james was the man to replace it. yeah but i made the decision to quit the team good for the tournament so it's not connected with our results at the world cup i've been spearheading the team for three years now and the side needs new inspiration and new challengers probably appointing an experienced foreigner will be the right choice for tickets

it just stays i think you could say head coach position. if he's offered that i think you could you could steal a share and give a lot to this team i think it is he's a top class professional. i'm sure he can do a really good job as like a particular want to make or starting now the north caucasus has long established itself as the supplier of russia's world and in pick champions particularly in wrestling and boxing the traditional sports are also held in high regard there as we call good match of reports from the festival and the sudden nineteen. aiming to become a tradition itself the caucuses games office quite a selection of traditional sports to cheer on for the second year running. hardly any of them stand a chance of google only because i could. but that was never gay do you preserve in the asian culture as well as getting people together is what this competition is

all about as this is i'm sure a festival the caucuses games will become recognized among this country's big tournament it's events like these that promote respect infringed. between the peoples of the multi national country which is russia the presidential envoy to the region also sad to tell him pick sports will feature in the games next year well with or without them there was still playing to think should to keep their audiences and to taint the tug of war clearly the crowd favorite. i. still trace in old beach with a hint of cheating or the ever popular beltran sling i. which is not dissimilar to the more established greco-roman style the fans and athletes alike enjoying the process all about it is it's all good but if i really love the games the competition here is high and the spirit is great i wish we had more events like this. and it turns out these games are not just for fun

or the joy of taking part some plan to use them as a springboard to push the stardom and i think. the nice season is a doll to start first the championship of the republic than the national one i want to improve my sporting career. develop a new stars is important so probably more essential is the legacy the games will leave behind as in the wake of the festival money has been promised to build a complex for more conventional sports and the region so a new generation can grow up to succeed the two hundred and fifty local athletes are currently vying to compete for russia at the london olympics gilberto. and finally with the international fast approaching and i think football does take a break and i'm also in the ascendancy now that i've got wins bryce made them to second in the russian premier league those goals plus the rest of the weekend strikes and i would is dull speller. if

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