and so half past the hour starting with the headlines now protests against wall street and corporate greed go national in the u.s. and despite hundreds of arrests demonstrators say the mainstream media is ignoring a rapidly growing campaign. for eurozone finance ministers put off a decision on a crucial bailout loan for greece to athens admitted it won't meet deficit deadlines language groups already claim the austerity measures imposed by the government are. libya's transitional leaders name

a new cabinet govern the country until it's fully security meanwhile and. the troops continue the kind of procedure stronghold of sort of all amid accusations they're also targeting civilian homes. that u.s. and eurozone continue to struggle financially but the worst could be yet to come next we speak to senior social logies colorado gale university emmanuel wallerstein here believes the real crash will take place in the next few. but. around the world valor steam thank you very much for being with us today sir. so exactly a few 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 not 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 worse 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 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 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 seventy s. 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 so most people refuse to recognize. it's not about capitalism should we have or should we not have a place which. of course you can have two very different kinds of views more should replace it what's your view well i would like a more relatively democratic more relative big galatz area and more that's one view we've never had 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 because of the political struggle that's technically called apply for a cation. system so. i'll say capitalistic system is directly linked to the economy yes its roots are in many ways the impossibility of continuing the basic principle of capitalism which is. since this accumulation of capital i'm the 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 it has undone itself as

all systems do but it's a dangerous allis social economic and so enormously dangerous whatever 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 books i called it hell on earth it's a system in which everything is relatively short term unpredictable and people cannot live with unpredictability in the short run and lives. on predictability in the long run we can not just of 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 you'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 and i like you said we are and this shape and stop question are pros and cons 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 apply for cation at some point the thing tilts on we get into a new relatively stable situation the crisis is over we're in a new system but you 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 because back what we're in russia was

something called the russian revolution one thousand seventeen there was a revolution it was in 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 gayety 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 a poor not 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 is the situation changes when you get into the structural crisis

instead of a lot of effort. making small amount of change pace 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 whole 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 or when it's going to structural crisis free will comes into the picture that is to say your action and my action really matter in a way because they didn't for five hundred years that that's my basic point

another. name karl marx as one of your biggest influences do you think he still has relevance in twenty first century will. 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 the systems come to an end but he thought they came to an end as a result of. sort of process of conscious revolution i'm not 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 twentieth century corralling twenty first century when. 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 you translate it on twenty twenty really that different well i think yes i think the. real turning point was a. series nineteen seventy. first of all that bores the world revolution of one nine hundred sixty eight a not. a not an important event in fact i think of three. of the most significant events of the twentieth century more important

than the russian revolution more important than the u.s. coming becoming the huge amount of power in one nine hundred forty five or thereabouts nine hundred sixty eight broke the liberal allusion that was. on toughening the world system. 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 then we've been living. on the brink of sixty eight is that hard thing to deal with the fact that. people often say for the last two has become more vibrant there is no balance 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 close. 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 and 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 give thought i would so many many circumstances i mean. are we more civilized i don't know that we're more civilized . that's a plan to dubious concept in fact first of all of the civilized cause more trouble than the civilized civilized try to destroy the barbarians it's not the barbarians which are 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 west

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's just so. just so.

small. it was created to serve public interests to inform and to entertain. these days there's nothing easier than opening up a new media outlet but there is nothing harder than revoking its license in case of corruption. problems you can involve in a community where you have one large corporation controlling the daily newspapers radio stations television stations to a cable outlet or you tell me that that sounds like the microsoft public opinion versus f.c.c. broadcast blues marching. the fixed

costs six. six. six. six the headline. protests against wall street and corporate greed go nationwide in america despite hundreds of arrests demonstrators say the mainstream media is ignoring the rapidly growing. the eurozone finance ministers put off a decision on a crucial bailout loan for greece to athens admitted it won't meet deficit deadlines but greeks already claimed the austerity measures imposed by the government are untenable. libya's transitional leaders named a new cabinet to govern the country until it's fully secured meanwhile and he could offer the troops continue to. stronghold of so a docking stations there also are targeting civilian times. more headlines in about

fifteen minutes time but for now though the sports with. hello you're watching the latest polls news this tuesday evening and these are the top stories. confidence despair cultic advocaat is hopping european product line is in russia's own guns. in slovakia. homeward bound n.b.a. star undertake a long callsigns a three year contract extension moscow sides. under the charge release all over spearheads a strong russian contingent in beijing tachikawa longbows will speak also advances . the first of football and russia have started preparing for their two remaining euro two thousand and twelve qualifiers at slovakia on friday and then at home to

endure a four days later all close to god because it has a few issues with the squad as we know that you're injured missed the latest training session due to group thinking picked up in angie's one nil defeat at home to local t.v. on sunday while to new faces have appeared in the scores of instructor. we seem to maiden call up to fill the void left by injured so need spell alexander because he coughed on the number when xander sagna off could also make his bat offer to meet you too against you which will that despite those key changes of the past as he still hasn't been the starting eleven but is bringing with confidence till friday still absolutely not now you're something you monks in training or whatever it was you can now do still golf right decision as it will change a bit in the mind and snored can change there's no doubt it is you who are still if you think it happened away games we did lose a game so that must give us a lead of gold that is to play believe that we can do it. as

a basketball and after a decade of plane for the utah jazz in the n.b.a. russian forward and play kerry like that will return to moscow to continue his career after signing a three year contract with cisco the thirty year old became a free agent at the end of last season but that's with the current lockout threatening to stop with the start of the new season he's heading back to the club he play for as a teenager so he can return to america if the pay dispute is resolved the army men have won the russian rate for the last nine years and kirilenko has promised to give him the money here and in russia to his children's charity foundation in iraq allison are explored rudy fernandez the signed a temporary contract with well the dream the small brothers pound mark would practice with barcelona. and it's now and we're going to see verizon a robot has been leading a russian charge at the china open although she needed three sets to reach the third round and twenty seven year olds took them six three against products like the all about however the czech and then won the next six for two levels but not before songwriter cruised through the decider consciousness with their public

chamber progressed into sensibility the jose martinez sanchez has been really curious contiguous i've been a champion some studies of the second time in two weeks on from also continuous training tokyo while the one caroline wozniacki made light work on strongly young let's show the. planet in the men's draw russia's mico usually beat world number eleven nicolas almagro before signing for meetings he got the better of the spaniard in the role too will be its own no feet ball gathers to be good in the draw for the seven six seven five and check things thirty one a close to setter against australia in the it's up. but it was goodbye to andy roddick as the american fell at the first hurdle in beijing going out to a lesson on kevin anderson and south african smash eight aces and some classy winners to infuriate a short tempered and often out of sorts roddick six top seven five was the final straw on this one. i. know i suck in spots that

beat city rivals and i'm i for one in london it's not in the k.h. l all that i had home advantage and other western conference leaders expected to put a bit more of a fight but it was sparse back into a fourth league i'll send them off stuck the first period then in the second step and netted to make it to no. fellow slovak in my. goal number three at the end of the second period. treat them as misery and a golf mikhailov netted the fourth home size to get one back the strike from me banca but it was chilly thought much too late despite the decay startup states in the western conference. state top by a point. rushes rugby team have back for wales flanking he joins to become the new head coach the team right back in moscow on monday off the face of it's the

knockout stages of the world cup in new zealand jones is currently the team's assistant coach and has been tips to replace nicole i know that the hell he stepped down following the bears last fall down against australia now says his departure was prompt before the tournament but he and the players all believe jones would be a good replacement. of the believers i made the decision to quit the team before the tournament so it's not connected with our results of the world cup i've been spearheading the team for three years now and this side needs new age gratian a new challenge is probably pointing in experience for me the right choice however if you consider all stays i think you can say head coach is it easier if he's offered to us if you can believe it's still a share and give a lot to the steve the thing is he's a top class professional. i'm sure he's going to a really good job so i can go to what the records started. to the n.f.l.

now where the indianapolis colts of slumps their slow defeat of the season losing twenty four seventeen at the tampa bay buccaneers well the colts are still missing first choice quarterback peyton manning through injury and with kerry collins also out ok this is playing to disclose the side really begun well enough to get their point. and if you. miss one quarter. and others tampa bay tied the game with a field goal combined again and seventeen tell me. again it would swing back to the home side josh freeman three to preston park the touchdown letter to the school once again. and then with three minutes left a lasting run for the garrett blank silver winterbottom is a final score twenty four until.

now a scandal has rocked russia's speed skating team ahead of the fast approaching new season green short track coaches were given their marching orders after an apparent abuse of power it seemed has been at a training camp in salt lake city in the usa where the skaters were reportedly exposed to some treatment for head coach and he and a couple of his assistants apparently applied to the korean formula all he who survives he is the champion the last story set up on the stage it was given a fine of thirty laps for adopting the wrong pose resting high for a green 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 as a traditional reddish appearance to satisfy the world's broadcasters television companies wanted the running a revisit complement the stadiums black and white seats the green grass of the infield and among. i'm the first to try as i have

a school children as well as bush kathleen's praise the surface which in some measure one means that the recent bowl championships however there are concerns about the tax oneself each at west ham united football club sites to use the stadium after the games are finished prompting fears the track the bengal removed us the british government is determined that what happened. it was a promise leaving a stadium is a promise that we made at the time of the bid a promise made to the world in singapore and as an ideal person by basic things and you make a promise you should keep them say it is very important for athletics in this country to have a state in a stable of pacing the world that's right except i don't have that legacy for future generations growing up in and around the center of london it's incredibly important to us and that's before you've looked at the one hundred million that it brings the laundry going to. violate the laws corpus as long as supply rushes world and the olympic champions particularly in wrestling and boxing that's traditional

sports are also highly regarded the. reports from the festival in the southern mountains. aiming to become a tradition in itself the caucuses games offer it's quite a selection of traditional sports to cheer on for the second year running. hardly any of them stand a chance of global are really big 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 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 was still plenty of action to keep the audiences and to taint

the tug of war. clearly the crowd favorites. still trace him obed's with a hint of cheating or the ever popular beltran sling. which is not dissimilar to the more established greco-roman style the fans and the athletes alike enjoying the process. i really love the games the competition here is high and the spirit is great i wish we had more events like this. and it turns out these games are not just for fun of the joy of taking part some plan to use them as a springboard to possible stardom and i think the new season is a don't to start 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 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 from all conventional schools 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 the hilbert show for the team. and that's of course these guys posing all the backing just on that so i was with another update but until then i thought.

and.