the government for. all the world has yet to see the worst of its economic troubles according to a senior sociology scholar at yale university emmanuel wallerstein thanks that the real crash will come within a few years just as capitalism reaches its natural land and that's in our interview coming up next. a man will valor seen thank you very much for being with us today. so exactly two years ago you told me that the real economic crash is still a couple of years down the line is that with us right now. you know it's a year or two still down the line but it's but it's very clearly taught me what was the biggest trouble at this point the united states think european union just the

rest of the world. actually everybody's in trouble but the united states is clearly in trouble the european union is in trouble i think it's in less trouble than the united states but it's in trouble 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 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. 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. it

will go on for another twenty thirty forty years it's not a crisis of a year or of a short moment it's a major structural unfolding of a system and we're in transition 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 about capitalism should we have it or should we not have it should replace it. of course you can have two very different kinds of views should replace it what's your view well i would like a more relatively democratic more relatively gala tarion world that's one view we've never had that the world. it's possible. that you have a very. polarizing exploitive system doesn't have to be capitalism capitalism is that but you can do that in many other ways some of which maybe fall worse than capitalism so that's the way i see

this of the political struggle that's technically called applied for a cation. of a system so. they capitalistic capitalism 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 capital. and 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 in what it has tried to do but it has undone itself as all systems do but it's a dangerous social is an enormously dangerous what are the pros and cons if you mean is it dangerous to you and to me yes it's. stream li dangerous to you and to

me. in fact. one 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 predictability in the short run and live with unpredictability in the long run we can adjust to that 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 we're seeing in the world economy right now is a paralysis nobody's investing really because they're not sure that 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 few there like you said we

are and. we have no choice but to be in it but to see a way out well it's not a question of a way out we obviously what happens in the bifurcation at some point the thing tilts and we get into a new relatively stable situation the crisis is over we're in a new system but we don't know which one it will be it's very optimistic in the sense that it matters what you and i do in a way that in the normal workings of a system it doesn't matter in the normal workings of the system all right you put a lot of energy and everything in the and comes back where in russia there's something called the russian revolution one thousand nine hundred seventeen there was a revolution it was in enormous social after. 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 nine hundred thirteen in many ways it's back to where it was. not that far from where it was same thing could be said of the french revolution enormous social effort and after fifty years if it were of a 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 a 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 munder action or another so i sometimes say this is the historic. of the whole greek philosophical distinction between determinism and free will when the system is relatively stable it's a relatively determinist system in which we have relatively little free play but when it's all unstable when it's going into structural crisis freewill comes into the picture that is to say your action and my actions really matter in a way that. they didn't for five hundred years that that's my basic point now that you've always dreamed karl marx as one of your biggest influences do you think he's still as relevant in twenty first century. look

col marx was a great great thinker of the nineteenth century he had all 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 was too much of a determinist and he didn't see 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 process of conscious revolution i'm suggesting they come to an end because of internal contradictions. and everyone is a prisoner of their time there is 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 twentieth century twenty first century. i was formed

i mean i was born in one nine hundred thirty five 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. how much. those two centuries different that translate it. really that different well i think i think the. real turning point was. nine hundred seventy. first of all the world revolution of one nine hundred sixty eight a not. a not an important event in fact i think of. the most significant event of the twentieth century more important than the russian revolution more important than the us coming becoming the. power in one thousand nine hundred five where there are. nine hundred sixty eight. the liberal

allusion that was. governing the world system. is in fact the bifurcation we're coming into and we have been living in the wake of nine hundred sixty eight ever everywhere where you're saying where ever since then we've been living on the brink of sixty eight does that have anything to do with the fact that . people often say. has become more violent. i think what it is it is a sense of discomfort perhaps not measuring the actual reality of discomfort but there's no question people were relatively call. in one thousand 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 but you would still think that with all the progress in technology. that we live to see more civilized there will be

no more wars what does that say about human nature it says about human nature of the. people who are ready to be violent under many many circumstances i mean. and 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 at the barbarians which are destroying the civilized the civilized define the barbarians 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 . thank you very much for this interview ok.

lose lose lose lose lose. lose lose. sleep. if. wealthy british scientists scientists sometimes privately.

market why not succumb to. find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to cause a report on. the phone. more news today violence is once again flared up the film these are the images cobol has been seeing from the streets of canada as trophy china corporations are today. the first six.

fourth brother cross the united states as thousands of angry americans demand the corporate lobby be held accountable for the economic downturn sidelined by the mainstream media protesters in new york and other cities claim civil disobedience is all they have to make their voices heard. clouds of uncertainty hanging over reason as eurozone ministers delay the next release of bailout funds desperately needed to keep the country clear of bankruptcy it comes after athens and now that would not be able to meet its debt reducing targets by the passing tough asperity measures. plus the problem of the glitz and glamour of high fashion catwalks to abusive child labor and human rights groups blow the whistle on its back to stance cotton industry which earned the government a fortune. i'll be back at the top of the hour with more updates through in the meantime andrew will bring you the latest sports news.

hello there thanks for watching the sports and these other headlines. are always fighting to avoid a china crisis in beijing what a first right andy roddick's suffers an early exit. through green strike a deal do get his first call out to the russian football team after a clear as you call it is ruled out the euro qualifiers. on the bad return home from the rugby world cup to take four more wells flanking kingsley jones as their new head coach. well let's start with eternity where world number three visitors of honor is battling to avoid an early exit at the china open after taking the first set six four against polo over the czech one the next six three to level the match so it has gone to the deciding set where the russians does appear to be back in control she's three games to love up in doubt one well earlier russia's and city of

public change if it did make the third round a comfortable straight sets victory over a period josie martin sanchez later amiri faces us open champion sam studies that for a second time in two weeks after beating the strain and. while there was a scare for women's the women's number one caroline wozniacki in her opening match the defending champion was up against the n.c.t. take lisi vertica on the world number forty eight despite some solid play to seal the first set six three was the ascii though it was back with a vengeance in the second to take it to love but was again made to work in the decided before putting in i love seventy five. more misery was the don't start learning because notes are on monday the russian admitting it's been a bad season after crashing out to honor advantage in the second round also bowing out was a sleaze francesca schiavone was shell shocked by slip back into many care. super bowl cover. now in the men's draw me call usually has beaten world number eleven

nicklaus grow that's the fourth time in four matings the russian has got the better of the spaniard the other big name playing today joel three disowning guy he faces bulgaria's up and coming twenty rows in the draw. but it is by by andy roddick the former book former champion falling out the first hurdle in beijing the americans take seed going out to lesser known kevin anderson to start africa and the city smashed eight eight seasons in classy when used to a short temper and out of sorts roddick six poor seventy five was the final score in this what i now know. beat city rivals dinar for one in last night's moscow darby had home advantage and other western conference leaders and so we're expected to fight but spotlight for a lot alexander you called it the first in the i mean period stuff and we got the second one fellow slid back in marcel goss added at the end of the second period.

then you go because of got the fourth. before dinara got one but so did the strike from ben despite the victory spartak stay in the western conference. now in other news they'll be a new face in the russian squad for their two remaining euro two thousand and twelve qualifies rubin strike of lot of media do has received his maiden call up to fill the void left by the injured alexander courage because of who hurt his ankle at the weekend twenty three year old they're doing has scored three goals in twenty games since the start of the domestic season while coach began because as once again overlooked former russia star dimitri started his time at champions i.x. with a goal after shutting it down hard last season group the leaders russia go to survive friday before hosting andorra four days later. on the dune wasn't among the scores

in the russian premier league this weekend his rubin team mate but chetty got the goals in there to know when over tom it is time now to enjoy all the latest strikes from russia's top flight its goals goal. live live. live live live live

. meanwhile russian rugby players have backed former wales flanker kingsley jones to become their new head coach the team arrived back in moscow yesterday after failing to reach the knockout stages of the world cup in new zealand jones is currently the team's assistant coach and is being tipped to replace nickel at the helm after he stepped down after their last group game. says his departure was planned before the tournament had started but hinted jones would be a good replacement. of this group because i made the decision to quit the team before 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 hopefully give kids a chance stays i think you can say head coach position if he feels offered and i think you can you could steal a share and give a lot to this team i think he's a top class professional. i'm sure you can see a really good job as well you can talk to me and what you require start. now to other news in the trying to be used for next year's london olympics has been shown off for the first time and has a traditional reddish appearance to satisfy broadcasters t.v. companies wanted it to compliment the white and black seats in the stadium and the green grass of the infield among the first to try it out with schoolchildren as well as british athletes and they praised the surface which is similar to the one used at the recent world championships however there are concerns about the tracks long term future west ham united football club looks set to use the stadium after

the games that finished prompting fears the track could then be removed but the british government is determined that won't happen. it was a promise leaving a stadium is a promise that we made. at the time of the bid a promise you made to the world in singapore i'm not real facts about basic things if you make a promise you should keep them so it is very important for athletics in this country to have a state in that's capable of hosting the world that's an example ship and to have that legacy for future generations growing up in and around the east end of london is incredibly important to us and that's before you've looked at the one hundred million made it brings the number the economy. the north caucuses has long established itself as a supplier of russia's world and olympic champions particularly in wrestling and boxing but traditional sports are also held in high regard. reports from the festival and the sudden mountains. i am in to become a tradition in itself the caucuses games offered quite

a selection of traditional sports to cheer on for the second year running hardly any of them stand a chance of global arlin pick recognition but that was never a day. preserving the ancient culture as well as bringing people together is what this competition is all about. because this is i'm sure our festival the caucuses games will become recognized among this country's big tournament it's events like these that promote respect and friendship between the peoples of the multi national country which is russia the presidential envoy to the region also said that olympic sports will feature in the games next year well with or without them there will still play into affection to keep their audiences and to taint the tug of war clearly the crowd favorite. still trace in old beach with a hint of cheating or the ever popular beltran sling. which is not dissimilar to

the more established record roman style the fans and the athletes alike enjoying the process that it's good i really love the games the competition here is high and to spirit is great i wish we had more events like this and you know that. 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 possible stardom and. the nice season is about to start just the championship of the republic than the national one i want to improve my sporting career. developing 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 in the region so a new generation can grow up to succeed the two hundred and fifty local athletes currently vying to compete for russia at the london olympics hilgert chauffeur. and

that's all they got signed full for the mile and secondly up next here in r.t. . we'll. bring you the latest in science and technology from around russia. we've got the future covered.

uproar spreads across the united states as thousands of angry americans demand the corporate lobby be held accountable for the country's economic downturn. clouds of uncertainty hanging over greece as euro zone ministers delay the next release of bailout funds desperately needed to keep the country clear of bankruptcy . and from the glitz and glamour of high fashion catwalks to abuse of child labor human rights groups blow the whistle on his back and stance cotton industry which earns the government a fortune. in business and russian stocks opened lower and are now trading flat following losses on wall street triggered by concerns over greece's default we'll be looking at the figures in about twenty minutes from now.