a billion hurdles. for the u.s. and the eurozone continue to struggle financially but the worst could be yet to come next three speak to senior sociology scholar at yale university emmanuel wallerstein who believes the real crash will take place in the next few years. 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 the european union but 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 so 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. 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 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 not have a place. and of course you can have two very different kinds of views 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 for worse than capitalism so that's the way i see

of the political struggle that's technically called. a system so that. 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 it has undone itself as all systems do but it's a dangerous. 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. one of my books i called it hell on earth it's

a system in which everything is relatively short term unpredictable and people can live with predictability 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 there 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 not a question of a way out we obvious what happens when applied for cation 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 right one thousand nine hundred seventeen there was a revolution it was in enormous social after. incredible numbers of people put energy into it try 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 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 munder

action or another so i sometimes say this is the historic. of the whole 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 or when it's going into structural crisis 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 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 determined. 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 process of conscious revolution 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 i think the. real turning point was a. nine hundred seventy. first of all that bores 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 where there are. nine hundred sixty eight broke. up was . governing 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 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. 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. 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 the civilized the civilized define the barrier of the others all the barbarians we are the civilized this is what we're seeing right now trying to bury and all around the world we've been seeing that for five hundred years. thank you very much for this interview ok.

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these days there's nothing easier than opening up a new media outlet there is nothing harder than revoking its license in case of corruption. involved in a community where you have one large corporation controlling the daily newspapers radio stations television stations the cable outlets you tell me that that sounds like my personal opinion versus f.c.c. broadcast blues car chief kofi. says. the a headline. the protests against corporate greed to go nationwide

. despite hundreds of. media ignoring. the eurozone finance ministers put off a decision on a crucial bail out greece. meet deadlines greeks already claimed the austerity measures by the government are. libya's transitional. government the country until it's fully secured. troops continue to. hold. more headlines in about fifteen minutes time.

well you're watching the latest polls news this tuesday evening and the use of the top stories. confidence to spread a coach stick out because copying european qualifying is in russia's own hands tied in soccer. while homeward bound n.b.a. star under a kid along signs a three year contract extension moscow side. under the chargers will however spearhead the strong russian contingent in beijing to talk see how long does the out speak also advances. first a football and russia have started preparing for the two remaining euro two thousand and twelve qualifiers at slovakia on friday and then at home to endure a four days later well close to god that god has a few issues with the squad as well for that really should call miss the latest training session due to a bruising he picked up in angie's one nil defeat at home to local latif on sunday while two new faces have appeared in the squad for the instructor and received

a maiden call up to fill the void left by injured so need spell alexander cocksure call for the number winger likes on the sun yet off could also make his bad offer to be told when school was ruled out just by those key changes advocate says he still hasn't confirmed his starting eleven but he's brimming with confidence. till friday still if you can happen now you have something you know monks but in training whatever it was you can have you still do it right decision is for today you have it in the mind and to morrow is going change to secure but still if you think it happened away games we did lose a game so that must give us a lot of confidence to the players believe that we can do it. as a basketball and after a decade of playing for the utah jazz in the n.b.a. rushing forward caroline co will return to moscow to continue his career after signing a three year contract with tesco such year old became a free agent at the end of last season but that's with the current lockout threatening to stop at the start of the new season he's heading back to the club he

played for as a teenager so he can return to america if the pay dispute is resolved the army men have won the russian league for the last nine years and kirilenko has promised to give him the money here and in russia to his children's charity foundation on the road dallas mavericks forward rudy fernandez to sign a temporary contract with well madrid saw brothers pound mark with practice with barcelona. and is now and world number three viewed as one and over has been leading a russian charge at the china open although she needed three sets to reach the search rand the twenty seven year old took the first six three against products like all of us however the czech and then won the next six four to level the latch before on the road that cruised through the decider rushes honest with their public progressed into sense beating maria jose martinez sanchez is going to cure like a defeated us sites in champion some studies it for the second time in two weeks after also beaten just ready tokyo while the number one caroline wozniacki made

light work amongst really young lad to show. that in the men's draw russia's mikhail youzhny beat world number eleven nicolas almagro the false timing for meetings who got the better of the spaniard meanwhile joe wilfried song notes beat all gathers to be good to me trough in seven six seven five and check in the spirit it was a close to setter against australia the not so. hot it was goodbye to andy roddick as the american fell at the first hurdle in beijing going out to two less and then kevin anderson the south african smashed eight aces and some classy witness to infuriate a short tempered and often out of sorts roddick six four seven five was the final score in this one. i. know i suck and spacek beat city rivals and i'm i for one in london it's moscow dobby in the k h l well then i had home advantage and other western conference leaders expected to put

a bit more of a fight but it was sparta who took a former lead i'll send him off stuck the first leg carrier then in the second half and got netted to make it two no. fellow slovak him my. goal number three at the end of the second period. to the hammers misery yeah go mikhail off netted the fourth the home side did get one back the strike from banka but it was too little much too late despite the victory spotlights they face in the western conference. state top by a point. russia's rugby team have backed former wales flying jones to become the new head coach the team arrived back in moscow on monday after failing to reach the north at stages of the world cup in new zealand jones is currently the team's assistant coach and is being tips to replace nicholai narration the helm to step down following the bad last full day against australia that are says his departure was planned before the tournament but he added the players all believe jones would

be a good replacement. they have this ability 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 appointing inexperienced foreigner would be the right choice over a given situation stays i think you can take the head coach decisions even if he's offered it as if you can believe it's still a share and give a lot to this team i think it is easy top class professional. i'm sure he's going to a really good job as well you can go to the record started. to the n.f.l. now where the indianapolis colts of slumps they're so 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 they gave her sustained dispersed by the side only began well enough for the

top gear back home to put a ten. in this quarter. and there's a time for they tied the game to the field goal of the pack combined again you can hold a seventeen tell me sir. the game would swing back to the home side josh freeman three two question parker the touchdown letter of the score once again. and then with three minutes left a lasting one from the garrett grant sealed the win for the buccaneers with a final score of twenty four months until. now the scandal has rocked russia's speed skating team ahead of the foster preaching new season. in short track coaches were given their 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 chang he and a couple of his assistants apparently applied to the korean formula all he who survives he is the champion the last rory said to have california state and was given a fine of thirty laps for adopting the wrong pose while resting after a grueling 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 poor costas television companies wanted the running a reality of the mint the stadiums black and white seats in the green grass of the infield and among. the faster trials at school children as well as athletes and praise the surface which a similar one used at the recent bowl championships however there are concerns about the tracks long term future of west ham united football club look set to use the stadium after the games finished prompting fears the track could then be

removed plus 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 bid a promise you made to the world in singapore i'm innocent little facts about basic 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 this capable of hosting the world that's an example chip and to have that legacy to 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 the london economy. and finally the north caucasus has long supplied russia's world and the olympic champions particularly investing in boxing but it's traditional sports are also highly regarded there as many 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 bring 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 plenty of action to keep their audiences and to taint the tug of war. clearly the crowd favorite. still trace in old beach with a hint of cheating or the ever popular beltran sling. which is not dissimilar to the more established record roman style the fans and the athletes alike enjoying

the process going about it is it's good 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 or the joy of taking part some plan to use them as a springboard to possible stardom. 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 probably more sensual 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 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 hildreth chose to. and

that's what this post is for his palace and all be back in just under two hours with another update but until then i think.

i. believe. protests against wall street and corporate greed to go nationwide in the united states would demonstrate is accusing the mainstream media of ignoring the rapidly growing campaign. euro zone's of finance ministers put off a decision on a crucial bailout loan for greece where angry people claim the austerity measures imposed by the government are untenable. libya's transitional leaders and name a new cabinet as and to get off the troops continue to bomb the colonel's besieged stronghold of sirte that's all amid accusations they're also targeting civilian homes. on the market bloom's russian stocks so close that a two year low on tuesday with the audience my sixth lining five percent each more on that in twenty minutes.