the headlines here on r.t. protest against wall street and corporate greed go nationwide in the u.s. despite hundreds of arrests demonstrators say the mainstream media is ignoring the rapidly growing campaign. finance ministers have put off a decision on a crucial of bailout loan for greece that comes off to athens admitted it won't meet deficit deadlines. already claimed the austerity measures imposed by the

government are. libya's transitional leaders and name a new cabinet to govern the country until it's fully secured meanwhile and he could be troops continue to receive a stronghold of circle of this amid accusations they're also targeting civilian homes. or certainly are bad news out there for some of the country's on the edge of financial collapse but some economists predict the worst is yet to come thanks to an r.c. we hear from a senior scholar at yale university. who believes the real crash will take place in the next few years that discussion is now. thank you very much for being with us today sir. so exactly two years ago you told

are 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 where it's in trouble but i eat i think also that the so-called newly emerging countries or the emerging from three 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 modern populism that's a very long story but i mean modern capitalism has in my view but that's

a world 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 of a rather 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. this is not about capitalism should we have a should we not should replace it and i'm of course you can have two very different kinds of views on what should replace it what's your view well i would like a more relatively democratic more relatively gallops area of world that's one view

we've never had that history of the world. it's possible. view is that you have a very. unequal polarized. exploitative system that doesn't have to be capitalism capitalism is that you can do that in many other ways some of which may be far worse than capitalism so that's the way i see because of the political struggle that's technically called apply for a cation. of a system so. i'll think capitalistic top doesn't system is directly linked to the economic yes its roots are in many ways the impossibility of continuing the basic principle of capitalism which is. ceaseless accumulation of counter. 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 stream a successful system and what it has tried to do but it has undone itself as all systems do is it dangerous all this social economic and it's an enormously 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 in one of my talks i called it hell on earth it's a system in which everything is relatively in short term unpredictable and people can live with unpredictability in the short run and when. with 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 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 much choice and they're right they don't have too much choice the options are are few they are like you said we are and shaping our process and it's not a question of pros and cons we have no choice but to mean it that 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 and 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 his system right you put

a lot of energy and everything in the and. we're in russia there's something called the russian revolution right one thousand nine hundred seventeen there was a revolution it was an enormous social effort right 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 thirteen in many ways it's back to where it was or 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. change within their country so what does that say that the importance of the personal choice that you're talking about 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 in one direction or another so i sometimes say this is the historicism nation of the old 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 when it's unstable when it's going into structural crisis three rule comes into the picture that is the say your action and my action really matter in

a way which go 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 well. 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 he 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 fact i'm prepared for twenty first century well i know but 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 in what ways do those two centuries different that you translate it from twenty to twenty are they really that different well i think yes i think the. real turning point was a. serious one nine hundred seventy. first of all that was the world revolution of one nine hundred sixty eight a not. a not an important event in fact i

think of very. the most significant event of the twentieth century more important than the russian revolution more important than the u.s. coming becoming the dramatic power in one thousand nine hundred five where there are about nine hundred sixty eight broke the liberal allusion that was. governing the world system either announced in fact the bifurcation or coming into and we have been living in the wake of one thousand nine hundred sixty eight ever everywhere where you're saying where ever since and we've been living. on the brink of sixty eight does that have anything to do with the fact that people often say for the last two has become more violent and there is more violence i think what it is. is a. has come for perhaps not measuring the actual

reality of discomfort but there's no question people were relatively calm. in one thousand fifty's or sixty's in a way that they're not calm about it today and everybody is fearful. in many ways they have right to be fearful but you would still think that with all the progress in technology or the fact that we like to think we're more more civilized . there will be no world wars what does that say about human nature it says about human nature of the. people 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 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 rests trying to teach to burberry and all around the world we've been seeing that for five hundred years. thank you very much for this interview. 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 then revoking its license in case of corruption. when just from. san antonio in trouble.

you can get involved in a community where you have one large corporation controlling the building newspaper radio stations television stations the cable. you told me that that sounds like the microsoft public opinion versus f.c.c. broadcast blues march and. even the books. on the sacred. magic is the essence of life. whether it is a produced press. or a shamanistic rituals. crossroads of religions. say see strong of spirit is hard. for. if. peace soon

which bryson. song from feinstein. who threw stones on t.v. . the headlines on our three hundred protests against wall street and corporate greed to go nationwide in america and despite hundreds of arrests demonstrators say the mainstream media is ignoring the rapidly growing company. eurozone finance ministers put off a decision on a crucial bailout loan for greece after athens admitted it will not meet deficit deadlines but i agree greeks already claim the austerity measures imposed by the government are untenable. libya's transitional leaders and maybe a new cabinet to govern the country until it's fully secure meanwhile antica troops continue to bomb the cardinals received a stronghold of all amid accusations they're also targeting civilian homes. as the

headlines for an answer but i'm going to kate's here now with the sports. i walked into the sports update is to say often in this coming up confidence despair coach discovered by sucking your big five point is english as i think the friday's crunch came in slovakia. home with ground n.b.a. star and like it or like those signs a three year contract to return to moscow side. was mixed fortunes it was all over leads the russian charge in beijing let's face it can't evolve except doesn't only exist at the china right but. first of all and for the eurasia coffers most russia's latest training session due to bruising he picked up and i'm sure he's one will defeat us i'm to look i want to leave on sunday well the

national side have begun preparing for their two remaining euro twenty twelve qualifiers at slovakia on friday and then have to endure it four days later but have a car is still winning with confidence we had a favorite because really believed to be a good moment. next to the little one of the group games we did lose a game so did not get in shape believe david is due to play is really good we can do it. well meanwhile there is a new face in the russian squad as rubin striker of the new german has received a maiden call up to fill the void left by engine stop world alexander because of course twenty three year old you have your own has scored three goals in twenty two games since the start of the domestic season a country applecart has once again overlooked for russia starting three bullock and who is thirty two has been getting a rich vein of form in that's actually. not a basketball and after a decade of playing in the n.b.a. forward andrei kirilenko will return to russia to continue his career as the former

utah jazz star has signed a three year contract with a skull moscow. that year old russian 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 stop at the start of the new american season he decided to head back to his charter club however kirilenko is new contract will allow him to return to the n.b.a. is the. result the army men have won the russian league for the past nine years and played for them as a teenager will train with his new teammates this tuesday he's also promised to give all the money he earns in russia to his children's charity foundation. and is now and world number three verizon the rover has been leading a russian challenger to china although she needed three cents to reach the third round the thirty seven year old to sext six three against clara zak as all of our however the czechs then won the next six all to level ranch of the russian priest

through the decider and earlier russia's public changes are progressed into sets between madea jose martinez son fred is maria kirilenko defeated u.s. open champion some stones at the second time in two weeks after also getting the better of the strain in tokyo. going on in the men's draw may call you need beach world number eleven nicolas almagro it was the fourth time in four meetings that the russian top of rhetoric this one is another times general fried song that beats all garry's grigor dimitrov seven six seven five cesc thomas project going to be close to setter against new yorkers meltzer from austria. but it was good bye to andy roddick as the american fell at the first hurdle in beijing a match to lesson kevin anderson the south african smashed eight a systems and classy winners too few short tempers and out of sorts roddick six four seven five was the final score to miss one. so i saw the city rivals and i score one in monday night's moscow darby in the k h

l damn i have home advantage and all the western conference lead is undermined so that's a little more of a fight spot sacking to pay for your lead exam that you can cough up the first in that period and netted the second place the back side got some of the so in the second period they took me off to the fourth that had them to get back from the banker despite the victory spotter state eight new single since. russia's rugby team has backed former wales frankly kingsley jones to become the new head coach and seeing arrive back in moscow on monday after failing to reach the knockout stages of the world cup new zealand jones is currently the team's assistant coach and is being tipped to replace nick like never ship the helm after he stepped down from the bear's last pool game against australia manager says his

departure was planned before the tournament to start is that he and the players believe jones would be a good defacement. of the biggest 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 ones duration and new challengers probably appointing an experienced foreign it would be the right choice however if you consider all stays i think you can take the headquarters if the if is offered but i think you can even steal a share and give a lot to the steve i think it is nice to talk was a professional there are surely going to be really good jobs where you can call if you want to make for a start. meanwhile the still no win for indianapolis in the n.f.l. as the colts slumps there so defeat of the season losing twenty four seventeen at the tampa bay buccaneers while the colts are still missing. first choice quarterback peyton manning through injury and with kerry collins also that gave

curtis painter his first start in this life but it began well enough with got to give the colts a ten nothing lead in the second quarter. and after tampa bay tied the game with a field goal in mind again to give the colts a seventeen tell you the third. but again would spring back to the home side josh freeman. to resting for a touchdown that leveled the score once again. three minutes left in the first round garrett bryant seals the win for the buccaneers a final score twenty four it's insane. now scandal has rocked russia's speed skating team head is fast approaching a new season three south korean short track coaches were given their marching orders after an apparent abuse of power but team has been at

a training camp in salt lake city in the usa where the spaces were reportedly exposed to some harsh treatment from head coach jimmy genk he and a couple of his assistants apparently applied to the korean formula of he who survives he is the champion the last rule is set to become a status given to find a thought he wants for adopting the wrong pose while resting on three crew training session. the athletics track that will be used for next year's london olympics has been shown off for the first time and has a traditional appearance to satisfy the world's broadcasters television companies wanted the running a reader to complement the black or white seats in the stadium and the green grass the infield and among the first to try it out with schoolchildren as well as bush athletes who praised the surface which is similar to the one that the recent all children shirts however there are concerns about trying to long term future west ham united football club look sets to use the stadium after the games are finished

prompting fears the track could be removed us the british government is determined that 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 made to the world in singapore time you know it's not your first but it's a great city make a promise you should keep them so it is very important for athletics in this country to have a stadium that's capable of tasting a world that's an executive and to have back legacy for future generations growing up in and around the city of london is incredibly important to us and that's before you've looked at the one hundred million read it brings the number of economists. and finally the north caucasus long established itself as a supplier of russia's world and olympic champions particularly investing in boxing but it's traditional sports are also held in high regard as reports from the festival and this other. aiming to become a tradition in itself because this is 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 olympic recognition but that was never the idea presented in the asian culture as well as getting people together is what this company shoes all about what i see plus this is a i'm sure first of all the caucuses games will become recognised among this country's big tournament it's events like these that promote respect and friendship between the peoples of the multi now. tional country which is russia the presidential envoy to the region also sad that the loop expulse will feature in the games next year well with or without them there was still playing to a faction 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 of the ever popular bill translating my which is not dissimilar to the more established greco-roman style the fans and athletes alike enjoy the pro

says. it's good i really love the games that come to this and here is high and the spirit is great i wish we had more events like this that help god 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 stardom and much of. the new season is about to start first the championship of the republic and then the national one i want to improve my sporting career. develop a new star 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 if you generation can grow up to succeed the two hundred and fifty local athletes are currently vying to compete for russia at the london olympics hilditch oh for our team. i

think.