cotton industry which means that the government of. well the world has yet to see the worst of its economic troubles that's according to a senior sociology scholar at yale university in money well i want to strain i think the real crash will come within just a few he is just as capitalism reaches its natural and that's in our interview right now here are not. 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 emergent 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 the modern capitalism and that's a very long story but i mean modern capitalism has in my view but that's a long story to 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 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 it or should we. 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 terry in world that's one view we've never had that of the world. it's possible. that you have a very. polarizing exploitive

system doesn't have to be capitalism capitalism is that you can do that many other ways some of which may be far worse than capitalism so that's the way i see of the political struggle that's technically called apply for a cation. 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 what are 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. 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. predictability 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 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 a way out well it's not a question of a way out we obviously what happens in a 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 the 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. 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 replay when it's all unstable when it's going into structural crisis three rule 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 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 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. how much. those two centuries different that translate it. really that different well i think yes i think the. real turning point was a. 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. 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. 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 like 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. 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 who try to destroy 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. even if this secret. is the. whether it is a buddhist prayer. or a shamanistic. on the crossroads of to religion. space history of spirit is hard. to come in. the limited. to just say.

this. is. coming. and. was. coming. from stupid. stunts on t.v. dot com. the headlines on.

uproar spreads across the united states as thousands of angry americans demanded the corporate law held to account for the economic downturn they claim the police are using their heavy handed tactics to break up the protests which are being sidelined by the mainstream media. clouds of uncertainty hanging over greece as eurozone ministers delay the next release of bailout funds desperately needed to keep the country clear of bankruptcy and comes after athens announced it would not be able to meet the debt reducing targets despite austerity measures. plus from the glitz and glamour of high fashion to abusive child labor human rights groups blow the whistle on. an industry which runs the government but. are those the main headlines here on are but for now let's go right into it the world of sports with andrew and andrew who for russian basket yeah n.b.a.

all star undertaker lanka has agreed to come back and play for the mosque where he started as a boy but the details just after that. hello there thanks for watching the sports and these are the headlines returning home n.b.a. star undertaker length has signed a three year contract with. plus one of the over leads the russian charge in beijing while the first rated andy roddick suffers an early exit at the china open . the bears come back the world rugby world cup to form a world captain kingsley jones is russia's new head coach. but first after a decade of playing in the n.b.a. under cover lanka will return to russia to to continue his career the former utah just star signed a three year contract with tears got moscow lanka 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 skull contract will help 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 kirilenko who played for them as a teenager will train with his new teammates on tuesday also promised to give all the money years in russia to his children's charity foundation. tennis world number three beers of honor over has been leading a russian charge at the china open although she did need three sets to reach the third round so nobody over taking the first set six three over however the czech then won the next six four to level the match because the russian cruised through the decider earlier on russia's arms to see if a change progressed into the set piece in the ria josie martinus sanchez amery care a lengthy defeated u.s. open champion sam stosur for

a second time in his many weeks after getting the better of the strain in tokyo also there was a scare for the women's number one caroline wozniacki in her opening match yesterday the defending champion was up against the n.c.d. you see her out there on the world number forty eight despite some solid baseline play to seal the first set six three course the us today was back with a vengeance in the second to take that love but was again made to work in the decider before winning it seventy five. i'm in the men's draw because usually has beaten world number eleven a close magro that is the fourth time in four meetings the russians got the better of the spaniards and other ties today joel free to song could go dimitrov seven six seven five and checked in with bert it is a set up to get you from austria there. but it is bye bye andy roddick the american falling at the first hurdle in beijing going out to lesser known kevin anderson of south africa anderson smashed eight aces and some classy guineas to infuriate

a short tempered and out of sorts roddick six four seven five was the final score in this one. now an ice hockey spartak be secure i was the nominee for one in last night's moscow darby the nama had home advantage and are the western conference leaders and so we're expected to put it right that sparta went for alexander you call for the first in the opening period. which then got the second. and fellow slovakian mark so also added a third the end of the second period you go on kilo got the fourth before the nominee did you want to strike from your bank despite the victory spartak stay in the western conference. now in other news there will be a new face in the russian squad for their two remaining year a twenty twelve qualifies rubin strike if not to be a day dude has received his maiden caught up to fill the void left by the injured

alexander khurshid coffee hurt his ankle this weekend twenty three year old de dieu has scored three goals in twenty games since the start of the domestic season while coach dick advocaat has once again overlooked former russian former russian star dmitri who started his time in champions i.x. with a girl after shining for dan hard last season group leaders russian go to survive here on friday before hosting andorra four days later. meanwhile fresh 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 detains assistant coach and is being tipped to replace nick line us at the helm after he stepped down after their last group game you russian self says his departure was planned before the tournament had started but he in the plays believe jones put be a good replacement. of the 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. for three years no and the side needs new inspiration and new challenges probably pointing in experience for a new would be the right choice however if you could see jones stays think you can head coach decisions even if he's offered if you can you can still go a share and give a lot to this team i think it is easy to talk to us professional. i'm sure you can do a really good job as well you can call the team you know what you make or a star. over in the states there's still no win for the indianapolis colts in the n.f.l. they have slumped to the third the fate 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 start for the side he started well enough to be working out with

garcia on here to give the colts i tend nothing late in the second quarter. and out the tampa bay tied the game with a field goal the pair combined again to give the colts a seventeen tenley in the third. a real mazie run they saw a way to the end but the game would swing. because preston park is cut down from josh freeman's. level of the score one small. and then with three minutes left of bursting run from leg out beyond seal the win for the puck in is twenty four to seventeen the fun of school. now 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 that with schoolchildren as well as british athletes and they prize. 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 have 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 a bit of a promise he made to the world in singapore you know 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. 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 of incoming. the north caucuses has long established itself as

a supplier of russia's world and olympic champions particularly in wrestling boxing but traditional sports are also held in high regard there is no report from the festival in a sudden manti's. 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 de gea preserving the ancient culture as well as getting people together is what this competition is all about 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 plenty of action to keep their audiences and to taint the tug of war clearly the crowd favorite. still trace in old beat with a hint of cheating or the ever popular beltran sling. which is not dissimilar to the more established record elma style the fans and the athletes alike enjoying the process that it's all the good it i really love the games the competition here is high and the spirit is great i wish we had more events like this that you know. 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 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. developing 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 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 will get a trophy. and that brings us the end of the full flow into the weather is next here . we'll. bring you the latest in science and technology from around russia. we've got the future covered.

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spreads across the united states. be held accountable for the country's economic downturn. greece's future in the balance. the next release about desperately needed to keep the country clear of bankruptcy. and from the glitz the glamour of high fashion capital to abusive child labor human rights groups blow the whistle on. the government. business economic uncertainty keep investors away from risky assets and force people to. join me for a full business bulletin and think about.