annual world economic forum between the champagne the caviar informal discussions and that resolving some of the world's biggest issues of which of course there are many the eurozone crisis is raising fears of a return to recession developing countries are losing momentum and the forms own global risks report warned of a downward spiral of the global economy in the years ahead now the problems hit at the very core of capitalism which is probably why rethinking capitalism was this year's theme so how's it working out so far are all our own in lister was on the ground in davos and explains. well you see there is an official agenda at davos and then there is an unofficial agenda at davos which is one that you also hear about and also that you see when you're on the sidelines and not in all of these sessions that are kind of the official program as far as the official program yes it did open up today with a debate over capitalism but as you mentioned this is a gathering of capital as this is the place where business leaders come to advance their corporate interests and become known as kind of

a premier opportunity for networking for c.e.o.'s of some of the biggest multinational corporations wall street banks to network amongst each other also with political leaders central bankers and all of these big wigs so back to debating capitalism yes we heard on the stage some concerns about capitalism some criticism about capitalism also we heard some defenses because of course at davos there are plenty of people who defend the current system of capitalism which they have benefited from brian moynihan the c.e.o. of bank america of america is one who was saying you know the western capitalism is subject to boom and bust this is part of it but come on there are so many people that we talked to an interview on our show that talked about how long and how painful the costs are a vis bust that is it here by accident and has a lot to do with maybe some of the bailouts that his bank has benefited from and the boom years of easy money that they did as well so there obviously are plenty of defenders and we'll have to see if anything really comes out of that conversation

i've seen some reports of billionaires defending are concerned about inequality and having concerns about capitalism in that regard we'll have to see if it just amounts to some talk because i'm seeing a lot of little business action go along on the sidelines which looks like what davos is really about well or you mentioned the issue of inequality and i want to point out the fact that the world economic forum's own report actually cited inequality as the top and income disparity as a top risk over the next decade and yet the word inequality as i read in one article appeared only once on the one hundred thirty page program and i was in a title of some panel discussion about art so are these guys out of touch and are they talking about this off the record it is the whole. promise brought on by the occupy wall street movement at all being discussed here. well it's interesting you mention that i saw someone write about that that inequality was only mentioned once in the program so i had my eyes peeled for it and i notice that one of the quotes that was highlighted on the plasmas in davos was

a quote about inequality and about the issues of inequality that come out of capitalism and then i looked at who said it and it was the general secretary of a trade confederation i was like of course that's a little boy talking about inequality at davos and that's actually the person of brian moynihan in that panel that defended capitalism against and you know the reports basically people were not too on board with her assessment so i think that kind of says it all you know well if you buy davos is here and occupy has been named as an example on the agenda of some of the issues that have arisen from capitalism in the complaint that people have about it at the same time that you have them talking about occupy davos you know i hear businesspeople snickering when i say oh i'm going to check out the igloos and they say oh haha not too many people out there you know you get a very condescending attitude which i think speaks volumes when you're talking about these issues so maybe the concern is more out of a hey don't blame us just because we have money but another show i want to bring up

that i mean in this day and age we see economic high level economics and that's almost every single week especially when it comes to europe so that begs the question of whether vents like all those are still relevant whether they can impact any sort of change. you know that is such a great question because lucy is the one i have been asking this entire time ok davos yes it's pretty it's a resort town all of these big names are here are some of them and i'm just kind of going what is the big deal this is just such a big meeting it doesn't seem that exciting you know there are sessions but there's gotta be a reason lucy because people are shallow lots of money in order to be here some corporation sponsor to three hundred thousand dollars a report i've seen in order to secure an invite according to david ross dropped off you wrote a really good insider e-book about this this is the largest gathering of the super class so there's gotta be a reason for it but to your point i've also seen a quote that resonated with me was the founder of a.o.l. who said you know dollars you kind of always feel like maybe the party is somewhere

else and there's another dogmas going on that you don't know about and you can do kind of get that done because you look around and it's not like everybody is george soros there are a lot of guys in suits that are not big like they're not roubini they're guys in suits chattering about oh i had this good meeting with so and so so maybe that's it maybe this is a good place to do business deals maybe policy doesn't come out of it maybe it does we have seen some historical agreements that actually have also angela merkel i thought was interesting at the end of her opening remarks she said that it's important for politicians like herself to get input from all of the people that are i davos and as you mentioned a very elite group of people that are mostly financial so i think that it does play a role and laura very briefly we talked about income inequality but last year we saw joseph stiglitz wife talk about sort of the inequality within the ranks of doll those with a different colored a name tag where the wives and the journalists and even the prostitutes or the send down on this cape town are all sort of stratified by these color coded tags can you talk a little bit about that any interesting insight. yeah the first thing that i've noticed

is that i've become really good at kind of looking down a little bit because you just want to read everybody's name tag because i think from the reporter point of view you're going ok i don't recognize it but this person important you're definitely trying to read with their name tags as as a reporter you're going on gosh i've got the reporter press badge which means i can't go anywhere ok there's stairs to be ip areas where the v.o.i.p. lounge is and where a number of sessions are where you want to come in and out those are off limits so i you know have the scarlet press badge that on my forehead and there are the davos wives the white tag and you know what they're really good they have a role that i've noticed at least or come in contact with their really good handlers all of these big wigs need a good handler that's going to shoe off the reporters who ever want to talk to and they still look nice they say oh i'm so sorry and then there are they're like ok you said no so all right laura definitely a stratification you definitely notice that. reporting on all the palace intrigue

at davos or in a lister well don't go away still here on r t one here one dictator down egyptians are still taking to the streets in protest and even though the group in power has changed it seems not much else has that story coming up next thanks. to the capital account i'm lauren lyster. what drives the world the fear mongering used by politicians who makes decisions to break through it's already been made who

can you trust no one who is you view you with the global machinery see where are we heading state controlled capitalism is called sasha's when nobody dares to ask we do our tea question more. well it was one year ago today that the egyptian protesters first started gathering and talking of square inspired by the events in tunisia to demand an end to the thirty year old rule of president hosni mubarak within a month mubarak was out egypt's military was in on the promise the power would be returned to the people as soon as possible well a lot has changed in egypt over the past year but it has been but hasn't been and nuff for the demonstrators today tens of thousands of egyptians are back in tough we are square many to protest against the military rulers others to celebrate the anniversary of the revolution but artie's maria finish and i was in the midst of the action and filed the following report. a year after its historic revolution

egypt is spark from calm protests have become a part of everyday life and no longer event one of the revolution its most significant achievements. we could never believe who would come out and speak out like this there are several reasons for egypt's people to take out to the streets following the uprising that ousted mubarak last february the country's economy is struggling unemployment is at its highest in decades and while the newly elected islam is dominated parliament debates the country's future resentment grows against military rule and the feeling they hijacked the revolution possibility we want them to do what military should do to protect its citizens and not rule the country people. really want to be sure that there will not destroy our solutions achievements they betrayed us. the military dominated egypt's politics since the

fall of the monarchy sixty years ago some skeptics say the twenty eleven revolution did little to change this trend when mubarak toppled down people welcomed the supreme council of the armed forces to lead the transition but the initial euphoria began to fade when the military council was still in place six months later after one bloody crackdown on peaceful protesters after another claiming at least eighty lives since october there isn't any doubt left here scoff should go voices of the protesters against in louder but fear is a growing as well they may never be heard. and to scar ascared cuz aboon arabic army lawyers campaign they work to reveal the army's wrongdoings between a female activists attacking field hospitals and conspiracy theories under the military council twelve thousand people have been brought to military trials that

against less than two thousand in mubarak's thirty years i believe that there are life i believe that we don't want them anywhere here in this chair that's what i believe and what's and that's what most of what all i know believe and we will work whatever happens scott claim it live when the new president is elected in june but few believe the promises that once were broken so easily some also fear that the generals may stay on behind the scenes reluctance to relinquish the power they've had for decades with protests pushing them to leave though one thing is clear the pride is not yet over notional r.t. cairo. well that does it for now for more details on a stories. on our website r.t. dot com slash usa and our you tube page our team dot com slash r t america and you can always follow me on twitter that handle is right there on the screen at lucy

cafe i will be back in about a half an hour what more stories for. you if you. believe. the.

world. series its technology innovation all the latest developments from around russia we've got the future covered wealthy british soil the sun. that's not on the president's priceless little. market why not. come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report on our. but the best is yet to be seen lost in the brush just a few meters away as a compensation for political minute you know as a composition to them for the boy taken from this place obasanjo the former

president of nigeria in march two thousand and one promised that if i got a manager it was a beaut. oil and gas research institute to be here to fund. me and our walk was supposed to commence following him much but that's respect this is the only institute that is into. this business a true this is the oil and gas research institute in nigeria yes that's a good resource so you can come out to do research if you want to come here you really see a lot just going. inside you do your research this is and this was led by the president not an artist and not a minister president of the for the republican idea. that is what we have been. well it would look like a local. port

harcourt three million inhabitants the principal city of the delta and growing exponentially its contracts like the nigerians who work on the platforms often live here when they're ashore. we're in the car of patrick i utah and we met on the f.p.s. . he's head of the control room a major post two weeks at sea two weeks ashore he suggested that we stop to visit his home just now patrick is off to fetch his children from school. normally would gone out for a drive but. it's actually difficult for you to trust somebody here because it was over how to love those stories whereby. the boy employed. or drive your house needs they could live with could not but i know that it. will for

a fair a struct in one the other school everyone tries to parks close as possible maximum security cars even drive into the playground patrick actually goes into each classroom to fetch his three children one by one initially when he started it was that it was the it was the espace that he could not by the way take care but after these no more the b.s. spotted about fire and the day how good accommodation and hit an exclusive body in one theory has on all a that's so you'll have to. prove your kind and the how you try to provide security for itself. just as a very careful one to see how you can take care of yourself i know if i mean that i don't go this way and it is known as a strict. don't go where. just needs to know it's a look around the people before and you are no that's. not it this was just

showing. you some of the we arrive at the house a super secure is a little fortress but outside and inside. is a sieve for so from you know you guys see look through this issue is that we decide if anything is going on you can look through yet to see all the doors he already does i was here with a view you. were here with the orb lie still so good. so. so then i looked it out minds because of a wish would oprah for body guess of anything just to be for security purposes difficult for them to get to you is really so you call the police or you. patrick

and his wife so you get used to know that the state of alert becomes second nature when patrick quits the tension of his high risk job he confronts another tension ashore. the eye ito family is very well off. they leave the country during the vacations to take a rest i've heard people say that. it was not that she. was a curse on the journey of. god is because of what is there now. because of what is happening so people now see it as close because of the militancy the kidnapping in. taking this. and. it's just the government there isn't it here is themselves that's why it was this labor costs are not sublists. this is what mrs i told is talking about a militant from men movement for the emancipation of the niger delta. groups of

highly armed guerrillas who attack all sides blow up pipelines and kidnap oil workers. they hide and train in the mine grows their chiefs are in the big cities or abroad. acquiring their revenues from arms sales oil smuggling and ransoms demanded from foreign companies they confront the forces of law and order directly in exchanges which end in death some both sides. after endless bargaining during our various trips we were able to make contact with the men the militants. they agreed to talk as a secret location where we were taken eyes blindfolded during the journey. in a room behind closed windows and doors we met the men who terrorize the oil companies workers and who by their attacks managed to reduce production and it's. the

man who's going to talk to us of course himself commander rambo here. because when the manger was we have been like a slave for the buzz fifty three or seven years. just given for the suppression of language that i will settle for human suppression of those in the reader has just. this is and. is there's the use in this. type to vote in a different way but the sword they're doing in the schoolyard is they were doing divide a room and they were. like my own pop it's. almost the same thing the fact is the center. because this oil company is that and give money to one lookout for one government official when he suppresses the

cries the rights of the people so it's nuclear. we have to do this to force there and to do some. not just economy with the government too because if we destroy production it's a phrase the government of. mr swallow is sit of and or destroyed are you able to goof off shore to a good form for example if you're in that close of spot so. amanda militants are able to travel far and they're fast and powerful boats. aboard the f.b.i. so they're waiting for them but with our name when they might come the price of a ransom for an expatriate fifty thousand dollars thirty thousand euros the hostages are always returned in good condition to go was from his office patrick is in contact with the offices on shore several times a day his reports are like a poem with figures. twenty two mismatch from.

twelve point three was due to just export. our production gas was that point one five million started to cool. we injected five. full day. with c. due to. the gas explosion was. a good new start for. what injection was doing this and. there is a plan for a gradual plan one night tonight. of most of the major point positions on the f.d.a. so. much and we have all the shows on by the if you're

so. it's possible but i think that would be far too to see. it to be would look here to be if it's if it does happen. i would think maybe it would be in the next fifteen or twenty years because. the fact is we have to lie all the. technology from the outside we don't have the local technology. contrary to what patrick thinks they do have the technology but not the same means. a little trip continues along the delta for a sequence that nobody has ever yet managed to filter. through said time from a village whose name the inhabitants also is not to mention because their revenues don't exactly derives from the declared economy. the journey through the

mangroves in the countries arms of the delta is scary. because huge areas were oil spread. thick layer of black oil that covers the entire surface of the water below which all life is totally disappeared. kilometer after kilometer of mangrove are affected and yet no scientific mission has ever yet come into these territories . the six black smoke is rising over the mangroves. we've arrived at last. as we approach the men fully. love all those in our boat call to them reassuring upward.

a refinery. an illegal refinery under the open sky. here men distill crude oil. they're handed amidst the steam to talk on the risks of explosion. men who've welded together a few cams to make stills. and who feed the fire by tossing bowls of oil onto it. it's an apocalyptic scene under the dying palm trees. the men live here d.t.s. . sleep here and die here. todd up from the inside.

like if anything if what they did he felt.

he would. fund. it. i think there's a different to refining process we need all coal from the steam baby. they call one of. its local. finest. to fly ok there's always room to do. the skin feast we went to the. fish blood then and we put it inside the fold we said fly on the open up that's on. the green stone cold day when. we gave up that we don't get greedy to. do each like that continuously on.

a defined with each new team that would. be. on opening day with people we can meet the always by what i do with good old. what can you say it's dirty it's dangerous. in a corner of a dying micro fisherman turn borders of crude oil just trying to get by. a nightmare no. more of a parallel economy which learn the basics of refining from oil company technicians . where does the crude come from and where does the refined products go. to find. out. how close this is look i. didn't know what the concrete well known tree line anything

everybody's trouble nice old school would go to find us a decent t.h.o. . so i will only. have. a stillson are pouring out boiling refined oil the residues on the under still tas will be thrown into a hole dug in the ground to fuel another operation. opposite the refinery canoes fota the gunnels with oil await their turn. the boat is using confident could. probably use. the result was sort of these inconvenient crude and. like a truck like short like a truck like a truck like a truck because of these crude oil just got in from somewhere far away from here so the.