banks and corporations simply vacuum up all the equity and take no risk with this matter yes i mean clearly these sort of economic systems any time you've seen them when we've discussed previously the examples of egypt and tunisia what they and you know the they come under the pretext of being good for the economy being good for the national greatness of the nation or they always find nice sounding pretext for why these just these interventions into the market economy are justified however the real consequences of it is always that it ends up either benefiting the status quo benefiting the people who are in charge now no this isn't this is the real problem with this is not just that it's not fair the real problem with it is that it's very destructive economically because what it means is that you keep the productive companies and the unproductive firms and industries you keep them alive and they continue to survive sucking up valuable resources that would be used otherwise in society and channeling these resources capital land labor office space

computing power all of that stuff they channel it into unproductive uses of capital and the result of that the product that they produce is something that is obviously not desired by society as evidenced by the fact that they fail on a free market so you buy by giving corporations the incentive to both be able to make profits and to make losses you give them again the idea of risk reward there is always a risk associated with when you try to make reward so if you take out the punishment if you take out the risk if you take out the possibility of losing from this you're going to end up with corporations that are unproductive and i think this is this is this is really the reason that the economies of the u.s. and britain i would say are stuck in a recession because so much of the productive capital of the country so much of the smart people so much of the office space so much of the computers in the country are being used in unproductive enterprises in unproductive industries and if these in the. these were allowed to fail the people in them would move on to other

productive avenues of economic activity and that would be much better for everyone in society right so you end up in britain and in the us with financial dictators and meanwhile the middle east the dictator corporatist like adopt the ben ali and move barack. they've been overthrown more alas or in the process of being overthrown are there is this arab spring has been going on so what does this mean for the west of course the dictators in the west who rely on the resources that they were getting from the dictators in the middle east well i think the interesting thing is to see how if you look at a place like egypt right now we're seeing the revolution is continuing in the sort of struggle between the old order the of the remnants of the mubarak regime who are still in power versus the current. the versus the new forces that are being unleashed by the revolution i mean one of the key issues that is being fought over

is the issue of the loan from the eye enough to egypt there's a lot of back and forth between the i.m.f. and different members of the egyptian government about whether those laws are going to take place or not and whether they're going to be provided low interest rates or not and what sort of conditionality is attached to them. a lot of talk about it but sir for yet the egyptian government has not officially taken on those loans what's happening is that the rating of the egyptian government is being downgraded by the rating agencies and the bottling costs of the egyptian government are getting very high so people know we're expecting a fiscal or possibly monetary crisis in egypt which is you know obviously going to be a very bad thing the unfortunate thing is that this is being used as a justification for rushing through the i.m.f. loan and for getting into even more debt than other people looking at it logically and saying this road of spending and borrowing has brought us to the brink of disaster and we should just quit this. idea of continuing to think that we could

borrow from outside in order to build our country it has not worked for thirty years almost in which mubarak has been in power it has only served to enrich mubarak and his cronies and it is not brought development of the country all that it has done is increase the indebtedness of the country and make people liable for paying more and more and more of their income towards taxes to go towards paying off interest on that and i think egypt needs to make a clean break with the past with these policies of the mubarak era from the respect of particularly by making a statement on the debt. letting the for indentured be basically repudiated and mubarak should be made liable for it and the domestic that they need to reach a sort of agreement with the domestic creditors that you know save the save the banking system advance it from a collapse by recapitalizing the banks in case they have a problem with liquidity because of the treasuries and then after that they must have a balanced budget there is no alternative to fiscal responsibility as you look at

europe and what is happening in europe or in the us or in arab countries there is really is no alternative for as an individual or as a country there is no alternative to being fiscally responsible so the pass through it is to eliminate interest payments as a massive part of the budget and reformulate the budget in a way that doesn't hurt the poor and in a way that stops giving favors to the connected people from the regime and as a result leaves the budget being able to be balanced without having to resort to foreign borrowing because this is really the main problem if you get involved in foreign borrowing it leads to puppet regimes that don't have that intimacy in front of their people as mubarak and the not his regime are and it also leads to a massive giant drag on the economy as people continue to generate more and more and more money that goes simply towards paying off taxes to go towards paying off interest on the debt right mubarak is gone but now it's time to overthrow the real dictator that being of course the i.m.f. now we've had. the arab spring and then we found the occupy wall street movement

now a new movement is taking shape around the world these are up protestors who are protesting again so people either stop on line piracy act and related intellectual property laws that are attacking the internet from the corporate side the corporate says want total control of the internet and is that a fair statement are is this a case of the corporate test who are attacking the innovators the entrepreneurs and the free marketeers do you see this playing out as as an extension really of this global insurrection absolutely i think it's seeing with the internet is very interesting because as markets in the real world continue to be strangled and controlled more and more by the managerial state by governments all over the world the internet is really the place where the market where the free market has gone because. you can click anywhere you want and you can design to use any website you want and people have the freedom of choice and because they have the freedom of choice in their choices aren't and forced upon them upon which was why they should

read which website is used for their e-mail they end up making choices on the providers of these services that are for i would argue better than what would happen if you had a central planner trying to dictate this to them under the pretext of some of the usual corporatist excuses so because the internet is a wonderful place where you can exchange all this information very freely it leads to good information marketplace as well as a good example of a proper marketplace what we're seeing with soap and people is just a very strong attempt to try and bring in the power of the state from the real world onto the internet and so now the fairly and successive rub sites will not depend about weather on whether people want to click on them and people want to view them with a fairly or will depend on what some particular bureaucrat decides in some position of authority in the government so this of course would be very dangerous you know from the from the perspective of the freedom of information because what it does is it leaves the knowledge of the information that is available for members of society to be decided. by particular people who get to know everything and then decide what

you should be able to know the optimistic thing about it is that the internet is just it's a very resilient thing and it's really hard to clamp down on international connectivity and you know it was very encouraging what happened with this. with people. in terms of actually. alerting a lot of people to the reality of the problems of the intellectual property paradigm it's the problem is much deeper than just these two acts which are probably going to die in congress now the problem really is in state and fortunes of intellectual property which serves. very pernicious way it harms most of the artists who produce the art or the authors who publish the books as well as the then the fans or the readers who want to consume this material neither of them really benefits from intellectual property laws they go towards the middleman basically and what technology is allowing us is more and more ways to cut out the middleman more and more ways for fans to communicate directly with musicians they

like to listen to or readers with authors and this cuts out the profit that middlemen can make and so this is why did the this industry try to bring in the government in order to keep their old antiquated model so that they could continue to keep their job as the middleman and they want the state to enforce that that's exactly the definition of corporatism and so you see people like chris dodd going on about you know hollywood creates jobs hollywood is an important part of the u.s. economy was asleep you know it's a tiny part of the u.s. economy and society part of the world economy and you know most importantly it's very easy for them to find other business models business models that actually serve the artist rather than serve the old. production industry that really is out of date and out of place today ok save it in a move that's all the time we have on the kaiser report thanks so much for being on thanks max that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert and i thank my guests

a for dinner most if you want to send me an email please do so at kaiser reported r t t v dot ru next time i started saying bio. mom.

russia refuses to back the latest u.n. draft resolution on syria unless it's amended to clearly rule out military intervention and an arms embargo on damascus. german chancellor angela merkel arrives in china helping to secure the border from its strategic economic partner in times of crisis and get bored of the western policy on iran. plus as the international community calls an israel to stop building homes on occupied lands palestinians who live there are trying to stop what they call terrorism at the hands of israeli settlers.

who want to learn to live from moscow marina joshua into the program russia says it will veto the latest u.n. security council resolution on syria unless the draft is changed while moscow admits progress has been made it's yet to see attacks that explicitly rules out military intervention is also reluctant to stop selling equipment to damascus saying that would leave syria at the mercy of unrecognized rebel forces armed with weapons smuggled from abroad says he has more. russia says it won't accept even a hint of an embargo on arms embargo when it comes to syria and its reasoning for this is pretty simple it says firstly that the weapons and arms are that russia provides to syria cannot be used against demonstrators thus don't influence anything that goes on inside syria when it comes to this conflict now secondly russia says that it is only following its legal obligations it's following its

international contracts with syria and it's not breaching any international laws at all and most importantly it says that the lessons of libya need to be large because when an arms embargo was put in place on libya what ended up happening was government forces were embargoed but the opposition groups continued to receive openly arms from abroad and this is something that they don't want to see in syria and russia says it's time for the west to stop pretending like armed groups don't exist over there. it would seem logical if there is a conflict let's not supply arms because we saw what happened in libya in an imperfect world this would have meant the following no weapons with the government opposition pointis could get them from anyone that's what that would mean especially now our security council colleagues refuse even to admit the presence of groups they will not condemn them. being supplied with weapons and we say. contracts a longstanding relations with syria but they will start supplying even more to the

opposition groups they did in libya. there's no sign of a break in deadlock just yet the arab and western backed regime change resolution calls for the. syrian president to step down if this does not happen within fifteen days further measures could take place and russia says no thanks we've seen this similar scenario in libya and this particular case moscow says what's important is for talks for syria to exercise its sovereignty for the opposition and the government to sit down together moscow has offered russia as the center. stage for these negotiations but it's important to say that russia still believes that a consensus can be found within the united nations security council it says that broad resolutions that are dangerous should not be put on the table that can split the council and really aggravate any sort of conflict and it continues to call for the importance of arab observers to our remain working on the ground and i say to

work in our reporting there now the u.s. as well as its european and arab allies are committed to pushing president assad out of power but political analyst benjamin barber says forcing regime change is a bad idea that's already plunged other arab countries into turmoil in the case of libya the case of yemen and a number of other countries egypt also suggest that you have to be careful what you wish for the west is rather critical recent insurgency is a good thing only to find that insurgency often means. fractionalization splintering various groups up against one and the triumph over time forces that are welcome to the west one for the displaced in libya you see a country that is unable to create any kind of see where militias are fighting one another very recently. towns like donna while he was back in the hands of gadhafi forces and the danger of libya like somalia with

a lot of the militias the tribes are so nobody i think did what will happen if assad is overthrown molecules or steps down and no one really knows what the outcome is likely to be the west is hoping it will be less supportive of hezbollah less supportive of iran and less support that could mean no one really knows what it's going to look like so the fact is would you support insurgencies you're basically taking a very difficult bet on a certainty. they are in the wing of the opposition the free syrian army claims to have tens of thousands of officers fighting to bring down president assad but leading british journalist suspects the numbers are being exaggerated to provoke foreign intervention watch the full interview in just over twenty minutes time. huge debate about the f.s.a. and how much first of all how many defections are going on because they claim to be getting dozens and dozens of defectors every day every week from all sides so we

also get overs in the political system in our federation of the psychologist so we're supposed to trickle in there exaggerates their strengths in order to get the square western division if you look at the history of western intervention so from other terror you always see those including the the f.s.a. the ground whether in libya which you go back to kosovo the k.l.a. which also said you know give us the guns give us the support we'll do the fighting and you know it's got to start you have the northern alone so that actually turns out that these groups tend not to have as much legitimacy as they claim. military strength as they claim. german chancellor angela merkel has called in china the biggest buyer of rain oil to use its influence to persuade iran to renounce its possible nuclear weapons ambitions marco is on her fifth visit to china where she's trying to change beijing stance on iran and get it to support a western resolution on syria also on the agenda seeking support for the euro zone

merkel's to hold talks with chinese leaders to try to win investment in the ailing euro professor simon chan of the chinese university of hong kong believes their china wants an ally to counter a u.s. dominance. other actually there are fewer reasons for troops to a lot of the china to assist in the unit actresses but that's not the only reason you is cooperating with the states to censure in iran. it is the lives of your member chancer that wish to. chinese the. knowledge to make use of this a surety to increase the oil imports from iran so that is to say going to gender but then the only chunk of germany has to convince china that she should not work well with iran in exchange of germans support china's needs some. support when you're still in the united states and there's a sense in china. and so commands of china by the united states right now and

doesn't really understand the united states in asia pacific so are trying to do some balancing acts of power so e.u.'s one of the many important matters that china wish to engage. in log onto our website archita kashyap to give us your opinion on the possible result of chancellor merkel's visit to china. far thirty eight percent thank the visit while health care money access new markets almost a third of voters believe they will expand a helping hand a weekend you were up sixteen percent say the china will move closer to the western position on iran and a minority believe that meeting will and with chinese support for the one security council resolution on syria so head to our t.v. dot com to cast your vote. now still ahead for you this hour here in our parent of a it's versus their critics. asked me who is the president of the

band i'm going to say you know i don't know you know find out why the careless conduct of u.s. politicians could be causing america credibility on the international stage. piecing relations back together over a split atom u.n. inspectors say they're on track to solving the deadlock over iran's nuclear program i eat a monitor as will head back to the country later this month after wrapping up three days of what they called positive and constructive talks in tehran but despite hopeful feedback from the u.n. a group of american lawmakers want washington to bully iran into submission the top military official in u.s. ally it is really even says all possible means should be used to disrupt iran's nuclear program investigative journalist robert perry things the drums are beating for regime change. there's been almost a consensus not just in the united states in the intelligence community but even in

some degree in israel that the iranians have not made the decision to move ahead to build a nuclear weapon obviously there's belief that they are developing expertise that can be used in the future for such a decision if they were to make one so. if iran is sincere about its lack of interest in a nuclear weapon and if the west is willing to show some more flexibility in terms of how they're willing to negotiate on this i think there could be some resolution a many people in the west do want regime change in iran they would like to see the removal of this islamic republic there's been a lot of propaganda in the west against iran but i do think that there is this there is an opportunity here for. for rand to make to achieve some openings but that may not be enough to satisfy many of its critics who would like to see real change in government. and there we have more news on iran of our web site actually

dot com our that have tried all of the profits most from the economic sanctions on iran and what payback is likely to follow get the expert opinion person here. also online fighting racism with digital tools learn how i mean her national happiness group has dealt a blow to american and british white supremacy. plus pub goes easily the appetite for contemporary art gross as living off campus and now rising profits from c.e.o.'s papar the most lucrative. old means of protection can be used. when global. between two thousand and five and two thousand and nine the u.s.

has spent fifteen billion dollars in the price paid for the entire program that we are dealing with right now here in two thousand and eleven is another one hundred fifty billion dollars that's larger than many country's entire military budget all things becomes the best for. its. the close up team has been to the whole bar of screen. where the country's middle well starts its way across the ocean. now our t.v. goes to the area. was named after lenin good looking to a different character to represent itself. for local businesses are striving to build the aviation capital of russia. that's right a four by fours are made and can be tested to the limit. welcome to the streets of . russia close up. wealthy british style. that's not on.

their. market why not. come to. find out what's really happening to the global economy with max cause or a no holds barred look at the global financial headlines tune into cars a report on. the blunders of u.s. politicians have inspired jokes and parodies for decades as a campaign for the two thousand and twelve election heats up candidates mistakes are in the limelight once again but their critics aren't laughing as more important i reports on believe the comments made show nothing more than ignorance and disregard for world affairs. every four years america's top job is up for

grabs. with each new election comes a new batch of candidates with compromising foreign policy credentials when i ask me who is the president of you becky becky becky becky stands banned i'm going to say you know i don't know do you know i'm afraid that it's a very hard struggle particularly given the situation on the iraq pakistan border you can actually see where russia from land here in alaska africa was a country on the brink on the brink of complete meltdown and chaos geographically illiterate us candidates have supplied comedians with endless material but all jokes aside some presidential hopefuls vying to lead the world's most powerful armed forces know very little about america's military interventions so you agree with president obama libya or. libya.

forming a cohesive sentence on geopolitics can be a struggle i do not agree with the way he handled it the following reasons. you know that's that's a different line differentiating between friends and enemies it's also a challenge obviously got to stand with our north korean allies in the case of republican candidate mitt romney mixing up presidents and prime ministers and the common i think that president bush represents a real threat to the. stability and peace of the world the overarching ignorance on international affairs has caused american political commentator bill maher to conclude i think anybody could be president in this dumb country ok sort of like at this point now where i think if you're gonna be it when you register to be a candidate you also have to go take a test about foreign affairs and if you fail the test we might get you one chance to take it again and then i'm say sorry go run you know for city

council in your little town in alaska if a country with the world's highest national g.d.p. is being represented by politicians with a deficit on international affairs the biggest consequence is likely to be america's credibility around the world and even who we target in let me finish this i just get lost in a blizzard of words there this is where it gets really dangerous for united states of america it's like wait a minute how could they possibly be right about terrorism how could they be right about north korea are going to be right about iran so-called nuclear program when their candidate doesn't even know that there's a north and south korea i think the u.s. is why and so then the world has this very paranoid view of the united states because of the candidates not understanding basic facts or understanding basic principles of international law which unequivocally prohibit torture and if i were president i would be willing to use waterboarding i think it was very effective in

me when i read the consistent streak of foreign policy blunders made by u.s. presidential. hopeful's is quite humorous but it could also be considered a national tragedy if most candidates campaigning to be leader of the so-called free world simply don't know enough about the world outside of america's borders. new york now take a look at some other stories from around the world and at least seventy four people have been killed and over one thousand injured in clashes between rival football fans in egypt the violence happened in the city of port side after an upset victory by the whole team over egypt. fans stormed onto the field after the game and it armed with sticks stones and even knights forty seven people have been arrested in connection with the trouble and troops have been deployed to the city to prevent further clashes officials fear.