an industry which earns the government a fortune from. the world has yet to see the worst of its economic troubles according to a senior sociology scholar at u. university emmanuel wallerstein thinks that the real crash will come within a few years just as capitalism reaches its natural end well that's in our interview that's coming up next. 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 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 what was the

biggest trouble at this point the united states. 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 emerging countries brazil india 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 clearly broken what is wrong with a modern capitalism with lots of 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

seventy s. that go on for another twenty thirty forty years it's not a crisis of a year or 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's not about capitalism should we have a should we not should replace it. of course you can have two very different kinds of views on more should replace it. well i would like a more relatively democratic more relative big tarion world that's one view we've never had that of the world. it's possible the view is 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 may be far worse than capitalism so that's the way i see this of the political struggle that's technically called a bifurcation. of a system so bifurcation. 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 and what it has tried to do but it has undone itself as all systems do but it's a dangerous. dangerous. if you mean is it

dangerous to you and to me yes it's extremely dangerous to you and to me. in fact in 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 can live with predictability in the short run and lives. predictability 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 clear like you said we

are and. we have no choice but to be in it but do you see a way out well it's 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 right you put a lot of energy and everything in the and comes back we're in russia or something called the russian revolution one thousand nine hundred seventeen there was a revolution it was in enormous social laffer. incredible numbers of people

put energy into it tried 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 . 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 a small amount of change basically

a little effort to make an enormous amount of change because the whole thing is so unstable so volatile that every little effort pushes it in one direction or another so i sometimes say this is the historic. of the old greek 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 free will comes into the picture that is to say your action and my action 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 is still as relevant in twenty first century. look

karl 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. 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 a nineteenth century think i'm a prisoner of the. 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 yes i think the. real turning point was. nine hundred seventy. first of all the boers 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 hadronic power in one thousand nine hundred five where there are. nine hundred sixty eight

broke 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 since everywhere are you saying where ever since ten . on the brink of sixty eight does that have anything to do with the fact that. people often say for the last two decades has become more violent and i think what it is. is a sense of discomfort perhaps not measuring the actual reality of discomfort but there's no question people were relatively call. 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 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 and there are many many circumstances i mean. and are we more civilized i don't know that we are more civilized. 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 were destroyed and 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 teach the barbarians all around the world we've been seeing that for five hundred years. thank you very much for this interview ok.

it was created to serve public interests to inform and to entertain. these days there's nothing easier than opening a new media outlet but there is nothing harder than revoking its license in case of corruption. when just. san antonio can try. to involve in a community where you have one large corporation controlling the daily newspapers radio stations television stations the cable outlets you told me that that sounds what democracy the public opinion versus f.c.c.

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uproar spreads across the united states as thousands of angry americans demand the corporate lobbyist held accountable for an economic downturn they claim the police are using extremely heavy handed tactics to break up the protests which are being sidelined by the mainstream media. clouds of uncertainty hanging over greece's eurozone ministers to lay the next release of bailout funds desperately needed to keep the country clear of bankruptcy it comes after athens announced it would not be able to meet its debt reducing targets despite passing top military measures. plus from the glitz and glamour of high fashion catwalk to abuse of child labor human rights groups blow the whistle on its back and stance cotton industry which earns the government a fortune. there's more news coming your way in about fifteen minutes before that though andrew will bring us the latest from sports.

hello there welcome to the sport and this is what is coming up we're turning home n.b.a. star under the carolina signs a three year contract with bosco side she is. part of on odeo avoids a china crisis in beijing while a first strike down the road itself is an early exit. on the bears come back from the rugby world cup to form a world blanket kingsley jones is russia's new head coach. but first after a decade of playing in the n.b.a. undertaker olenka will return to russia to continue his career the former utah are just signed a three year contract with tears in moscow kurylenko became a free agent at the end of last season after a ten year stint with the jazz but with the current n.b.a. lockout looking like it could scupper the start of the new american season he's decided to head back to his childhood club however kirilenko is new to risk our

contract will allow him to return to the n.b.a. if the pay dispute is resolved the army men have won the russian league for the last nine years and probably lanka who play for them as a teenager will train with his new teammates on tuesday he's also promised to give all the money here in russia to use children's charity foundation. now in tennis world number three visitors of on audio but has been leading a russian charge at the china open although she did need three sets to reach the third round of one of the over to the first set six three against polo however the czech them won the next exporter level in march before the russian cruised through the decider earlier on russians and to see a positive change about progressed into says peace in the region as martin is sanchez and later on regular lanka face the u.s. open champion sam stosur for a second time in two weeks after the feeding the strain in tokyo so there was a scare for the women's number one. incarnum was the us in her opening match yesterday the defending champion was up against the in c.

the czech lucy. and the world number forty eight displayed some solid baseline play to seal a first set six three was the ascii though it was back with a vengeance in the second to take that love but was again made to work in the decided before putting in a game you know i love going to win seven far. in the men's draw today mikhail youzhny has beaten world number eleven nicolas almagro that's the fourth time in four meetings the russian has got the better of the spaniard the other big name playing today jol free to song he faces bulgaria's up and coming twenty year old pretty good to meet through all. but it's bye bye andy roddick the american for ling at the first hurdle in beijing going out to lesser known kevin anderson of south africa anderson smashed eight aces and some classy winners too furious eight a short tempered and out of sorts roddick six four seven five was the final score invalid one. man i was talking spotted be secure i was the nominee for one and

last night's moscow darby dinara had home advantage and all the western conference leaders inside were expected to put up more of a fight but spotlight went for the up alexander call for the first period stefan rouged got the second their fellow slovakian marcel out of the third at the end of the second period well eagleman carlo got the fourth. before the narmer managed to get a consolation themselves with a strike you would be. despite the victory spartak state eighth in the western conference. now in other news they'll be a new face in the russian squad for their two remaining twenty twelve qualifies the rubin strike a lot of me died doing has received his maiden call up to fill the void left by the injured alexander courage because of his ankle the weekend twenty three year old the dude has scored three goals in twenty games since the start of the domestic season while coach dick advocaat has once again overlooked former russia star

dmitri kin who started his time at champions i.x. with a goal after showing to damn hard last season really does russia go to the vakeel on friday before hosting and dora four days later. 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 detained assistant coach and is being tipped to replace nico new at the helm after he stepped down after their last group game in self says his departure was planned before the tournament it started but he and the play's believe 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 no results at the world cup i've been spearheading the team for three years no in the side needs new inspiration and new challengers probably appointing inexperienced for

a new would be the right choice hopefully you could see jones days think you can head coach positions even if he's offered but i think you can you could steal the sheer and give a lot to the steve i think he's a top class professional. i'm sure he can do a really good job as well you can talk to me and want to make or a star now elsewhere there's still no win for the indianapolis colts in the n.f.l. they have slumped to their third defeat of the season losing twenty four seventeen to the tampa bay buccaneers the colts are still missing first choice quarterback peyton manning through injury and with kerry collins also out they gave curtis painter his. first stop for the side and we started well enough booking up with pierce gas sun to give the colts a ten nothing lead early in the second quarter. and after tampa bay tied the game with the field go the pack combined again to give the colts a seventeen ten lead in the third. amazing run this way to be

end but the game would swing in the end. after this touchdown. preston park is touchdown from josh freeman's right level to score one small. and then with three minutes left the bursting run from the guard it bryant sealed the win for the buccaneers twenty four seventeen the final school. the trying to b.s. for next year's london olympics has been showed off for the first time and has a traditional ready 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 had 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 some 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 athletics championships 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 that it brings them to the common well the north caucuses has long established itself as a supplier of russia's world and a limp a champions particularly in wrestling boxing but traditional sports are also held in high regard their. reports from the festival in a sudden mounted. 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. preserve in the ancient culture as well as beating people together is what this competition is all about but i see 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 and friendship between the peoples of the multi national country which is russia the presidential envoy to the region also sad that olympic sports will feature in the games next year well with or without them there was still playing to affection to keep their audiences and to taint the tug of war clearly the crowd favorite. was. still trace in old beach with a hint of cheating or the ever popular beltran sling ammo which is not dissimilar

to the more established record older styles the fans and the athletes alike enjoying the process that it's older than put it they really love the game so they can petition here is high and the spirit is great i wish we had more events like this that you know that i was 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 the start and i feel that the new season is about to start just the championship of the republic than the national one i want to improve my sporting career. develop a new stars is important so problem are 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 in huge inner. you can grow up to succeed to two hundred and fifty local and flutes currently vying to compete for russia at the london olympics build rituals. and that's all we've got time for

for the moment the weather though coming up next here.

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corruption. you can get involved in a community where you have one large corporation controlling the daily newspaper radio stations television stations the cable but you told me that the. public opinion versus f.c.c. broadcast blues marching. mission free cretaceous three. four churches free. three. three stooges free. food free blog clothing videos. free media.

uproar a spread across the united states thousands of americans demand a corporate law. for the country's economic downturn. greece's future. eurozone ministers delay the next release of the desperately needed to keep the country clear on bankruptcy. and the glitz and glamor high fashion catwalks to use of child labor human rights groups blow the whistle. a fortune. in business economic uncertainty keeps investors away from risky assets and force people to sell the ruble as it gets weaker we'll get more of that and open the borders and want to touch.