they're also targeting civilian homes. or certainly about 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 next here on r.t. we hear from a senior scholar at yale university that of emmanuel wallerstein 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. 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. i know it's a year or two still down the line but it's but it's very clearly to me 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 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 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're going to have two very different kinds of views on what should replace it. well i would like a more relatively democratic more relative be egalitarian world that's one view we've never had that of the world. it's possible. that you have a very. polarizing exploitative 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 because of the political struggle that's technically called apply for a cation. system so the. system is directly linked. 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 unpredictability in the short run their lives. 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 clear 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 right you put a lot of energy and everything in the end 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 after. incredible numbers of people

put energy into it trying 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 then 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 maunder action 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 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 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 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 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. twenty first century. i was formed

i mean i was born in one nine hundred thirty i live 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. on not on important events 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 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 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 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 took knowledge. 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're 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 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 west trying to bury an 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. 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 from. san antonio. the problem is you can involve in a community where you have one large corporation controlling the daily newspaper radio stations television stations the cable outlet you told me that that sounds like democracy public opinion versus f.c.c.

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protests against wall street and the corporate greed to go nationwide in america despite hundreds of arrests demonstrators say the mainstream media is ignoring the rapidly growing. eurozone finance ministers put off a decision on a crucial bailout loan for greece to athens admitted it will not meet deficit deadline. but i agree greeks already claimed the austerity measures imposed by the government are untouchable. libya's transitional leaders and named by new cabinet to govern the country until it's fully secured meanwhile and he could be troops continue to bomb the colonel's seizure stronghold of all amid accusations there also targeting civilian homes. are those are the headlines here at r.t. but i'm. here now with the sports.

and i welcome to the sports update history as they often name this is what's coming up confidence to spectate stick out because copying european qualifying isn't russia's i mean the friday's crunch came in slovakia. while. n.b.a. star under a kid like us signs a three year contract extension moscow signed. on to make fortunes vera zvonareva needs the russian charge in beijing when i come to board except as an early exit to china right then. football and so the cough is missed rush's latest training session due to bruising he picked up in un g.'s one will defeat at home to look at what's the fun sunday while the national side have begun preparing for their two remaining euro twenty twelve qualify as slovakia on friday and then having to endure it for days lights up but still win with confidence we have the favorite because we have to group at the moment.

next tuesday little one of two group away games we did lose a game so let's give a lot of confidence to the players believe that we can do it. well meanwhile there is a new face in the russian squad as rebellion strike up in the new job john has received a maiden call up to fill the void left by engine stopped short of exam because of course twenty three year old jack jones has scored three goals in. twenty two games since the start of the domestic season the car has once again overlooked former russian than three bullock and those thirty two has been hitting a rich vein of form. now to basketball and after a decade of playing in the n.b.a. forward and three caroline will return to russia to continue his career as the former utah jazz star has signed a three year contract it's a scam moscow that's not your old russian became a free agent at the end of last season after a ten year stint with the jazz but it's with the current n.b.a. lockout looking like it could scupper the start of a new american season he decided to head back to his childhood club however

kirilenko is new contract will allow him to return to the n.b.a. is the page that is resolved the army men have won the russian league for the past nine years and kirilenko who 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 vera zvonareva has been leading a russian challenge at the china are open although she needed three sets to reach the third round the judges have you all set six three against all of us however the czech then won the next six four to level the match for the russian priest through the decider and russia's a stasi a public changes that progressed in two sets between jose martinez sunset three a caroline could defeat his u.s. open champion some studies it for the second time in two weeks after also getting the better straight you take you. now and in the men's draw may call youzhny beach

world number eleven nicolas almagro it was the fourth time in four meetings that the russians adopted better the spaniards and in other times jay wilfried song not beach ball game is pretty good dimitroff seven six seven five czech thomas project one a close to setter against negative from austria. but it was goodbye to andy roddick as the american fell at the first hurdle in day. match to lesson one kevin anderson the south african smashed eight basis points and classy witness to a few short tempered and out of sorts roddick six four seven five was the final score this one. too i saw beat city rivals and i for one in monday night's moscow dobby in the k h l did imo has home advantage and all the western conference lead is undermined so expected to protect more of a fight that you can spot tacking took a full year lead exam that you would call that struck the first a good period. up to the second ballots that are not some gossip of the surge

at the end of the second period they can recall off that of the fourth so to them a ticket will back with the strike from the bank for now despite the victory spot a state in the eastern conference. russia's rugby team has backed form a wales flanker kingsley jones to become the new head coach the team arrived 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 is being tipped to replace nikolai never ship the helm after he stepped down from the best last pool game against australia that are says his departure was planned before the tournament started but he and the players believe jones will be a good replacement. of this group for the better said 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 a new challenge is probably pointing in experience for a new would be the right choice over a good signal stays i think you can say head coach position is even if he's offered that i think he can even steal a share and give a lot to this team i think it is easy to top class professional. i'm sure he's going to do a really good job as we're going to continue to want to make or start. meanwhile the still no win for indianapolis in the n.f.l. as the colts slumped to their third defeat of the season losing twenty four seventeen at the time for bay buccaneers while the colts are still missing first choice quarterback peyton manning through injury and with kerry collins also that they gave curtis payne to his first start for the side that it began well enough as he looked up with pierre garcon to give the colts a ten nothing lead early in the second quarter. and after tampa bay tied the game with a field goal pack in mind again to give the cult

a seventeen ten lead this third. bucks the game would scream back to the home side josh freeman free to press the haka for a touchdown that leveled the score once again. in three minutes left in bursting garrett bryant sealed the win for the buccaneers with a final score twenty four it's insane. now a scandal has rocked russia's speed skating team head is fast approaching a new season three south korean short track coaches were given the marching orders after an apparent abuse of power the team has been at a training camp in salt lake city in the usa where the skaters 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 straw is said to have come when

a stater was given a fine of thirty laps for adopting the wrong pose while resting on three crew training session. oh meanwhile 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 reddish 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. failed and among the first to try it out was school children as well as british catholics who praised the surface which is similar to the one used at the recent championships however there are concerns about the tracks long term future west ham united football club looks at seize the stadium after the game to finish prompting fears the track could then be removed but it's 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 of the bit that a promise you made to the world in singapore that i'm in a slightly old fashioned base of things if you make

a promise you should keep them say it is very important for athletics in this country to have a state in that's capable of hosting the world that's right except in chip and to have that legacy the future generations growing up in and around the sound of london is incredibly important to us and that's before you've looked at the one hundred million that it brings the london economy. and finally the north caucasus has long established itself as a supplier of russia's wealth and olympic champions particularly in wrestling and boxing but it's traditional sports are also held in high regard the. reports from the festival in the southern mountains. aiming 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 olympic recognition but that was never de gea preserving the asian culture as well as getting people together is what this competition is all about. plus this is a i'm sure

a festival 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 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 was still playing to affection to keep their audiences and to taint the tug of war clear. the crowd favorite. my still trace in old beach with a hint of cheating or the ever popular belle trysting i am which is not dissimilar to the more established greco-roman styles the fans and the athletes alike enjoying the process but it is it's older than put it i 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 i'm not just for fun or the

joy of taking part some plan to use them as a springboard to the start and much of. the new season is about to start with just the championship of the republic and then the national one i want to improve my sporting career. develop a new star 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 but hilda chose to. i think.

i. agreed to go nationwide in the u.s. demonstrators accusing the mainstream media of ignoring the rapidly growing. eurozone finance ministers put off a decision on a crucial bailout for greece people claimed the austerity measures imposed by the government are. libya's transitional leaders a name. that could be troops continued. a stronghold of its all amid accusations there also talk getting a civilian homes. continue to dominate. no exceptions.