welcome back to watching our live from moscow and these are the headlines protests against wall street and corporate greed go nationwide despite hundreds of arrests demonstrated saved in street media is ignoring the rapidly growing campaign. euro zone's finance ministers put off a decision on a crucial bailout loan for greece after athens admitted it's going to meet deficit debt lies but i agree greeks already there are measures imposed by the government are tenable. libya's transitional readers name

a new cabinet to govern the country until it's fully secure meanwhile as you get off the troops continue to block the colonel's siege from hold of sirte which the red cross says is suffering from a connected scenario and some. of the u.s. and the euro zone continue to struggle financially but the worst could be yet to come next we speak a senior solitary scholar at yale university emmanuel wallerstein who believes the real crash will take place in the next few years that interview is up next. ronald valor steam thank you very much for being with us today sir. exactly two years ago you told that the real economic crash is still

a couple of years down the line 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 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 and what i eat i think also that the so-called newly emerging countries or the merge and countries brazil india and 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. 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 though most people refuse to recognize. it's not about capitalism should we have it or should we not have it what should replace it. i'm of course and i have two very different kinds of views on more should replace it what's your view well i would like a more relatively democratic more relative big alex area more that's one view we've never had that history of the world. it's possible the other view is 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 for worse than capitalism so that's the way i see most of the political struggle that's technically called apply for occasion. of a system so. i'll say capitalistic capitalism system is directory. yes its roots are in many ways the impossibility of continuing the basic principle of capitalism which is. six this 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 in what it has tried to do but it has undone itself

as all systems do but it's a dangerous all this social issue 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 in short term unpredictable and people cannot live with unpredictability in the short run and living. on predictability in the long run we can adjust to 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 we're seeing in the world economy right now is a paralysis nobody's investing really because they're not sure that's 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 the options are are few and rightly said we are in this process and stop right now 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 the fight 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 where in russia there's

something called the russian revolution right one thousand nine hundred seventeen there was a revolution it was in enormous social laffer right incredible numbers of people poured 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 and thirteen in many ways it's back to where it was or not not that far from. where it was same thing could be said of the french revolution enormous social effort and after fifty years if it were of a more than a sort of ripple on a continuous line. change within their country so what does that say that the importance of a personal choice that you're talking about that you and well that is

a situation changes when you get into the structural crisis instead of a lot of effort. making small amount of change pace put 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 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 into structural crisis free will comes into the picture that is to say your actions and my action really matter in a way but 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's 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 he he was too much of a determinist and he didn't see the 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 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 a nineteenth century think i'm a prisoner of the twentieth century carolla twenty first century where. 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 they were always to those two centuries different that you translate it from twenty to twenty really that different well i think i think the. real turning point was a. series from one nine hundred seventy. first of all the wars the world revolution of one nine hundred sixty eight a not. on not on important events and in fact i

think of very. the most significant events of the twentieth century for important in the russian revolution more important than the u.s. coming becoming the hadronic 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. 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 and 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 death has become more violent and there is no violence 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 calm. in nineteen

fifty's or sixty's in a way that they're not talking 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 into knowledge of the fact that we like to think we're more more civilized there will be no more wars. what does it say about human nature if it says about human nature of the. people are ready to give thought i would someday many many circumstances i mean. 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 civilized try to destroy the barrios the barbarians which were destroyed and civilized the civilized defined periods of the others all the

barbarians we are the civilized this is what we're seeing right now west trying to teach the burberry and all around the world we've been seeing that for five hundred years. thank you very much for this interview ok. it's. please. good luck. to sleep. the boy. to the

book. if. he is pleased to. see you. he. says. in the united kingdom all she's available insists the journey house bill and the forty one votes from the old waverly hotel make a simple search of the mill stone photo some old country house holiday in the pool good old goldman tons the rim bronze the crimson the chairs to feel the most secure

the child the little the ruben's her child. the. muslims on our team protests against wall street and corporate greed go a nation wide if you ask in the sky hundreds of arrests demonstrators say the mainstream media is ignoring the route of the growing campaign. from your soul spot as many. search put off a decision on a crucial bailout plan for greece after athens of middle of the water to meet deficit deadlines but actually greece already claimed that certain measures imposed by the government are untenable and. libya's transitional leaders need a new cabinet to govern the country until it's fully secured meanwhile as you get off the troops continue to bomb the kurds besieged stronghold of cigarettes which

the red cross says is suffering from a humanitarian crisis. back with one of those stories of fifteen minutes the first all the latest in sports. hello and thank you for joining me for the choose a nice sports round up and here are the top stories. confidence just back dick advocaat is happy european qualifying is in russia's own comes the group the leaders that's going to step back here on friday. while back home n.b.a. star under a kid along has signed a two year contract details to moscow cyclists. and the russian charge we call usually on a bill as i was a notch on both sides of the floor of the china right but. first a football and russian coach dick advocaat is in confident mood as the group the leaders prepare for their two remaining euro two thousand and twelve qualifiers

away to rivals the packet on friday and then a rock bottom under a four days later one of the car has a few issues with his squad because they feel that religion missed the latest training session and it is some bruising he picked up in angie's one nil defeat of homes look i want to leave on sunday to the faces of hate in the squad for being strike of readymades as young to see the maison call up to fill the void left by emergency needs and it's on because of course not now know when alexander sudden get off could also make his nature tobin's the ritual that all despite those key changes of the past says he still hasn't confirmed the start unleavened but remain with confidence. still friday still if you happen know yourself in your mind but in training or whatever it is you can argue still don't right decision is for today everything the mind and tomorrow's can change does not do that is you who are still if you think will happen away games we did lose a game so that must give us a lot of calls it is due to 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. a russian forward under a clear line has returned to moscow to continue his career after signing a three year contract with let's go the thirty year olds whose nickname is a k forty seven became a free agent at the end of last season what's with the current lockout threaten to scupper the start of the new n.b.a. season he's gone back to look up and play for as a teenager so he can return to america it's the pay dispute is resolved the only man have won the russian league the last nine years and kirilenko has promised to give all of the money. to his children's charity foundation don't want other stars have signed temporary contracts in europe such as dallas mavericks were rooting for landis. i guess old brothers alan mark will practice with barcelona. was happy to his health his first training session. n.b.a. lockout has given me a unique chance to play in russia again for my fans relatives and friends and i can

do it well it's too late to pick up my form i'm not in the triage of my career and i'm really happy about that which is tennis now and world number three there is one other about has been leading a russian charge at the china open although she needed three steps to reach the third round the twenty seven year old took the first set six three against palace like a ball about however the czech then won the next six thought a level the latch for each other over cruised through the decider rushes and asked us if other changes are progressed into sets between lydia was the muffin at fanchet ranch maria kirilenko defeated u.s. open champion sound supposedly the second time in two weeks after also beating a straight in tokyo while going one column for the nets he made light of the strain on the left. while on the men's side of the draw on the seeded russian mikhail youzhny dominated throughout in his opening six three sixteen when i think nicolas almagro the spaniard has been seeded to try and stop the happy little response.

background's. great song that is the top seed that was made to work much harder in his opener the frenchman sweeping through following a tight seven six seven five when ever we go dimitroff of bulgaria the twenty year old offered a lot of resistance on the rebels when it mattered most to see the wealthy man as a frenchman leaves the points to boost his bid for the face of the tour finals in london next month. and also in the running for that season ending eight management is the marsh burdick the czech supporting his there. is we are going not a break in each of the two sets getting the job done the number three say seven five seven five the final score verdict has reached the quarterfinals or better at thirteen towards the season that means more good results to qualify for london. meanwhile russia's rugby team has backed former wales frank gens to become the new

head coach the team arrived back in also on monday after failing to reach the knockout stages of the world cup in new zealand jones is currently the team's assistant coach and he's been tipped to replace nickel i never wish to hell he stepped down following the bear's last pool game against australia and says his departure was planned before the tournament but he and players all believe that jones would be a good replacement. for the if i made the decision to quit the team good for 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 this side needs new inspiration a new challenge is probably pointing in experience for and it will be the right choice while bridging residual stays i think you can say head coach is it even if he's offered that i think you can even steal a share and give a lot to the steve harvey leaves he's a top class professional. i'm sure you can do

a really good job where you can tell you what the records are. the n.f.l. and the indianapolis colts of slant defeat of the season losing twenty four seventeen at the time to bay buccaneers know the colts are still missing first choice quarterback peyton manning through injury and with kerry collins also outs they gave curtis painter his first start for the sunlight and they began to learn enough isn't it up with kerrigan can give the colts a ten nothing lead early in the second quarter. and after tampa bay tied the game with a field goal the pack combined again to give the colts a seventeen tenley in the first. but the game would swing back to the home side josh freeman through to preston parker for a touchdown that leveled the school once again. and then great three minutes left on the clock and bursting run from garrett blount sealed

the ring for the buccaneers final score again twenty four seventeen. and now scandal has rocked russia's speed skating team ahead of the fast approaching new season three sastry and short track coaches were given them more chin orders after an apparent abuse of power but seeing has been training at a camp in salt lake city in the usa where the skaters were reportedly exposed to some harsh treatment from head coach given jang he and a couple of his assistants apparently i spoke real formula of even survives he is the champion the last straw is such a problem when a space is given a fine of thirty laps or adopting the wrong. resting after a new training session. now the athletics track there 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 walls broadcasters television companies want to use the running a renewed to complement the stadiums like the light seats and the green grass of

the infield. and among the first to try and that was school children as well as bush athletes who praised the service which is similar to the one used at the recent world championships however there are concerns about the track long term future west ham united football club looks set to use the stadium after the games are finished counting fears the track could then be removed after 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 great promise he made to the world in singapore you know sort of person rings if you make a promise you should keep them so it is very important for athletics in this country i have a stake in this great pastry world athletics championships and to have that legacy for future generations growing up in and around the state of london is incredibly important to us and that's before you've looked at one hundred million it brings the number of economists. on in the meantime an archery world record has been broken as a cricket grounds after a test event for next summer's london olympics was held in the british capital

sasco an object in that don't feel that in his own mark on the seventy meter round scoring six hundred ninety three points out of a possible sudden hundred and twenty two more than the previous best london archery classic is part of the city's preparations for the olympics and the tournament is held at lord's in north west london which is better known as the home of cricket but test matches will have to wait there once again while the world elites are just fine that is the best among themselves and the olympics next july and august. and finally sport has once again been the means of uniting nations as russia's samba restless created their opposite numbers from afghanistan on in moves of mutual goodwill here in moscow as reports. this magnificent seven have traveled all the way from cattle to moscow all to hold this sandusky was in the land where these martial arts was created a friendly tournament the pinnacle of their state but fighting technique was

crafted in the soviet union as a mixture of the world's toughest styles around eighty countries across the globe practice the sport now including afghanistan but there is still no better place than russia to learn and you treat all two. somebodies the same back and of ghana stand as it's here in russia but unfortunately we don't have such good conditions at home if we had similar equipment we would produce results which are just as good as is often the case with meetings like these competition was not the only goal well a bit of attention doesn't do any sport any harm but with all become some medals handed out bridging the cultural gap was the rather important message as the organizers revealed. this was not only about school but also about cultural exchange already going to be a source only wrestled but also visited the kremlin and central moscow so we hope they will have happy memories of this trip for the rest of their lives. the small

tournament dubbed together we're stronger has been deemed as a local success and hopes are high it could become the first event of many which will strengthen at least the sporting ties between russia and afghanistan and even other countries he'll get show for. us all the support that's all wrong. wealthy british science. sometimes. markets why not come to. find out what's really happening to the global economy with meit's concert for a no holds barred look at the global financial headlines tune into cars

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