the u.s. and the eurozone continue to struggle financially but the worst could be yet to come next we speak to senior social scholar at yale university emmanuel wallerstein who believes the real crash will take place at the next few years that interview is up next. 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 merchant 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. should replace it. 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 terry and more that's one view we've never had that of the world. it's possible. 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 bifurcation capitalistic system is directly linked to economics 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 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.

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 predictability in the short run and lived. 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 a question of a way out we obviously what happens in a five 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 all right you put a lot of energy and everything in the end comes back where in russia there's 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 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 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 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 to structural crisis free will 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 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 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 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 in one thousand nine hundred three think i'm a prisoner of the twentieth century 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 you translate it. really that different well i think i think the. real turning point was. nine hundred seventy. first of all the boers the world revolution of one nine hundred sixty eight. on not an important event 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 everywhere where you're 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 decades 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 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 where more and 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 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 the civilized try to destroy the barbarians it's not the barbarians which were 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 stay barbarians all around the world we've been seeing that for five hundred years. thank you very much for this interview ok.

please. please. please. to lend.

me he used. to. say. in the united kingdom is available in the house bill a moment for the one who took the old away from her to make him whole search of the mill stone otoh some old country house holiday is the pool. halls the rim the crimson the chesterfield the montagues moto the world the rubens hotel.

up stories on our team protests against wall street and corporate greed go and nationwide. and despite hundreds of arrests demonstrators say the mainstream media is ignoring the rapidly growing campaign. from your soul spy that's going to. put off a decision on a crucial bailout plan for greece after athens submitter the deficit deadline but i do greeks already claim those measures imposed by the government are untenable. libya's transitional leaders name a new cabinet to govern the country until it's fully secured meanwhile and to gadhafi troops continue to bomb the kurds besieged stronghold of sirte which the red cross says the suffering from a humanitarian crisis that's. back with one of those stories in fifteen minutes but first all the latest in sports with.

hello and thank you for joining me for the choose a night sports stand up and here are the top stories. confidence to spread coach dick out of the top is happy european qualifying is in russia's iron comes as the group team leaders have to step back you have one side a. while back home n.b.a. star under-rated lanka has signed a three year contract with ties to moscow scientists. and russian charge we call usually i'm a bit of thought i was a macho man both sides appear to have the china right but. first a football and russia coach dick out of the car is in confident mood as the group the leaders prepare for their two remaining euro two thousand and twelve qualify as a way to rival slovakia on friday and then at home to rock bottom on dora four days later well of the car has a few issues with the squad cars to make sure that your injured cough missed the latest training session just some bruising he picked up in on she is one nil defeat of times locomotive on sunday to the faces have appeared in the squad in strike of

readymade young received a maiden call up to fill the void left by emergency needs alex on the coach of course not know when alexander sudden get off could also make his richard tobin spiritual that well despite those key changes of the toss says he still hasn't performed starting eleven but it's brimming with confidence. due friday still if you can happen now you have something in mind but in training or whatever it is you can have you still do it right decision is set for today everything the mind and to morrow is going to change to is you can you are still if you could have been away games we did lose a game so did not give a lot of confidence to the players believe that we can do it. that's a basketball and after a decade of playing for the utah jazz in the n.b.a. rushing forward under a kid olenka has returned to moscow to continue his career after signing a three year contract with the thirty year old whose nickname is a k forty seven

became a free agent at the end of last season bouts with the current lockout threaten to skulk at the start of the new n.b.a. season he's going back to the club he played for as a teenager so he can return to america if the pay dispute is resolved the all the none have won the russian league for the last nine years and kurylenko has promised to give all of money from the russia to his children's charity foundation oh meanwhile other stars have signed temporary contracts in europe such as dallas mavericks the roof inn and this realm address all the guests all brothers powell and mark will practice with barcelona kirilenko was happy to help his first training session with. the 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 i'm still at the peak of my form i'm not in the twilight of my career and i'm really happy about the arch. tennis now and world number three there is one of the about has been leading a russian charge at the china open although she needed three sets to reach the

third round the twenty seven year old took at the first set six three against like a ball about however the czech that one the next six four to level the latch for a spot over cruised through the decider rushes and i say probably change about progressed into sets between what was the my thing at sanchez and maria kirilenko defeated u.s. open champion some studies i think the second time in two weeks after also beating a straight in tokyo world number one calendars netsky made light work of australian phenomena gunship while on the men's side of the draw on the seeded russian mikhail youzhny dominated throughout in his opening six three six to win i think. the spaniard happy to see did well trying to topple had little response. point the hands. jay way of great song that is the top seed that was made to work much harder in his i know a frenchman sweeping through for a tight seven six seven five when ever we go dimitroff of bald area the twenty year

old offered a lot of resistance on the prevailed when it mattered most to seeing a wealthy man as a frenchman needs the points to boost his bid for face of the tour finals in london next month. and also in the running for that season ending eight man event is thomas burdick the czech supporting his bit with us because we are going to a break in each of the two sets getting the job done the number three say seven five seven five the final score about it has reached the quarterfinals open at thirteen towards the season that means more good results to qualify for london. meanwhile russia's rugby team has backed former wales flank likings lee 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 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 bears last pool game against australia says his

departure was planned before the tournament but he and players all believe that jones would be a good replacement. subliterate 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 it you could see jones stays i think you can take the head coach decisions even if he's offered that if you can you could steal the share and give a lot to this team i think it is he's a top class professional. i'm sure he's going to a really good job as we're going to continue to want to make or start. that's the n.f.l. and the indianapolis colts of slumped to their third defeat of the season losing twenty four seventeen at the time for bay buccaneers now the colts are still missing first choice quarterback peyton manning through injury and with kerry

collins also adds they gave curtis painter his first start for the sunlight and they began to learn enough as he puts up with period com to give the colts a ten nothing lead early in the second quarter. and this to tampa bay tied the game with a field goal of the pack in mind again to give the colts a seventeen ten lead in the third. 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 with three minutes left on the clock and bursting run from garrett blount sealed the win for the buccaneers final score again twenty four seventeen. now scandal has rocked russia's speed skating team ahead of the fast approaching new season three south korean short track coaches were given the marching orders

after an apparent abuse of power the same 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 jimmy jang he and a couple of his assistants apparently applied to the three in formula of he even survives he is the champion the last door said to come when a skater was given a fine of thirty laps for adopting the wrong pose resting after a grueling training session. now 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 want to use the running arena to complement the stadiums black and white seats and the green grass of the infield. and among the first to try it out was school children as well as british athletes who praised the surface which is similar to the one used at the recent well championships however there are concerns about the tracks long term future west ham united football club looks set to use

the stadium after the games have finished counting fears the track could then be removed plus the vicious government is determined that that won't happen. it was a promise leaving a stadium is a promise that we made at the time with a bit of promise you made to the world in singapore i'm not real person but basic things if you 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 pasting the world that's right except your job and to have that legacy for 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 number becoming. one in the main simon autry world record has been broken as a cricket ground after a test event for next summer's london olympics was held in the british capital south korean archer even better his own mark on the seventy major round scoring six hundred ninety three points out of a possible seven hundred twenty two more than the previous best the london classic

is part of the city's preparations for the olympics and the tournament was held at lord's in north west london she's better known as the home of cricket but test matches will have to wait there once again while the world's elite are just find out who's the best among themselves at 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 kabul to moscow all to hell in december skills in the land where these martial arts was created a friendly tournament the pinnacle of their stay the fighting to compete was crafted to the soviet union as a mixture of the world's toughest styles around eighty countries across the globe practiced the sport now including afghanistan but there is still no better place than russia to learn and you tree or to. somewhere is the same back in afghanistan

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 had 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 the cups and medals handed out bridging to cultural gap was the rather important message as the organizers revealed. this was not only about sport but also about cultural exchange already going guests not 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 hilgert shoaf. all this while the single.

wealthy british style. markets why not canada. find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into kinds a report on our.

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greed on wall street's role in the financial crisis hits more u.s. cities but protesters say viagra campaign is largely ignored by the mainstream media. finance ministers still a crucial bailout cash for athens as it misses deficit targets while greeks claim state imposed cuts are already pushing them on their. transitional leaders. to get out the final colonel stronghold of sirte the red cross says it's suffering from a humanitarian crisis. levon pm here in the russian capital in watching r.t. now our top story.