and also the biographer of john maine arcanes widely considered to be the most influential economist of the twentieth century we'll be talking about what keynes could bring to today's economic crisis notes could ask you first would you explain to me in layman's terms what the government is doing to mend the economy and why you think it's not working well i don't think they're doing very much to mend the economy i think their policies of made things worse the sad fact is that the british economy has been shrinking slowly almost for a year now rather like a very slowly leaking balloon and the government of been trying in one or two small ways to give it a bit of a stimulus but i think they're quite new initiatives and it's too early to say how much effect they'll have but in general i don't think they will have very much effect and so i don't think at the moment they're doing anything very much to

help because there's an awful lot of talk about prioritizing the economy and it's the main thing that we have to work on but then on the same time you say that not very much is being done at all one thing is that they're blaming everyone but themselves first of all it was it was the euro crisis then it was the high high commodity rise in commodity prices and so they claim that the policy of a stereo should bring about the recovery but that it's been derailed by these unfortunate acts shocks but the policy of a sterile. is basically wrong when there's a lack of private sector demand when banks aren't lending when businesses don't want to borrow when people are cutting down their spending because they want to reduce their debt when the government then adds to that sort of downward pressure on spending then it's no surprise that the. common reason growing is does that come

from inherent misunderstanding of how economies actually work on the government's part so i do think it comes from a misunderstanding of how economies work you see i think the coalition came into office with a belief which was often expressed by george osborne that as soon as asperity was seen to be working as soon as the government committed itself to a credible plan of deficit reduction everything else would perk up there'd be so much confidence that the economy would start growing again but that was wrong because it's real factors not just psychological factors psychological factors are very important but it's the real factors the real market that is available to businessmen that cause them to want to increase. their business and the government was shrinking the market by its policy so it could talk up the economy all it

wanted but the policies were pointing in a different direction austerity we now know hits the poor significantly harder than it's the rich presumably that means that during this recess in the gap between the rich and the poor well why didn't even fire yeah that's that's already happening a real real incomes have been going down because prices have been going up a bit and of course welfare benefits are being slashed. a lot of a lot there are lots of cuts in the public services and the rich are better able to insulate themselves against some of these effects for example house prices in london haven't gone down at all especially in the wealthy areas in fact they may be going up a bit so the world of the wealthy has been well maintained but people who have relied on incomes from wages have been hit and of course there has been since the beginning of the. the recession

a very big rise in unemployment even more significant perhaps a very big rise in part time employment one of your colleagues an economist called james keane has suggested a scheme that he calls quantities if easing for the public saying that the debt that private individuals have needs to be reduced under the scheme he says that cash will be issued to individuals and those with debt would have to use it to pay that debt down and those without it would have a cash injection it sounds like a great scheme and do you think it would work that well i've suggested this as well in an article in the new statesman last week yeah that's fine i mean if you put money in that into the hands of the people. and make sure they as you say spend it in one way or another. then i think that gives a boost to the economy because they could even increase their spending and therefore set up a demand for shoes and clothes and food and all the things that people spend money

on and so that'll be good for business that's i think that's a good idea actually suggested that the government give every household one hundred pound christmas present time limited so they need to do something with it can't just put it under the bed would that kind of policy be popular people were constantly hearing that there is no money now i think it would be popular i think everyone enjoys getting christmas presents and people really expect them from the government we've seen a year wide backlash against austerity what do you think prime minister david cameron's chances are of being reelected if he continues if this territory continues if there's no change of policy if the measures that are now being proposed as small or as ineffective as one thinks they may be then i think his chances of winning the next election a very very small. because i think that there won't be a recovery has been. chance of winning an election in two years' time is if there

are proper green shoots of recovery and people can see them and then if they're feeling better about the economy they're feeling better about their prospects they're feeling better go about getting jobs and feeling better about getting more income then i think he'll benefit from that and there have a good chance of winning but i don't think anything like that is going to happen under present policy so i think their chances of losing must be very high it's a keynesian idea that capitalism is a way towards working less and having enough is the current economic crisis is a result of that so it's time that we thought of the rails well that was a very long run i mean that was a long run idea that keynes had that in the end a successful capitalism should enable people to work less. and and enjoy life more and he thought hours of work over time would shrink as we got

richer but that assume that we wouldn't fall into these holes that you know that progress would be steady and you wouldn't have any more slumps but we're in we're in a slump we had the big collapse and at this point the priority is to get as many people back to work as possible and get as much production as you can because that full speed things along speed the road to utopia. so i think you mustn't confuse the short what needs to be done in the short run and an hour long run prospered one of the things that the railed keynes's theory is this consumerism that we've all fallen under the spell of where we have to work more to buy more to have more are you worried that more crises will follow because of the way we work and because of what we're working for it's a very good question i think we are consumption mad society. and in order to go on

consuming we have to go on earning money by working and working harder than most people want to and getting into debt and then the whole machine is driven by advertising and that does create a problem it means that as technology reduces the number of jobs and yet we all under this impulsion to consume more and what how do we see things developing what should happen is that on the whole we should give up growth as the top priority. and make sure we have enough work sharing so that people can get work but not most people working forty or forty five or fifty hours a week and then another fifteen or twenty percent not working a tour or only working very part time we need to sort of distribute work better among among among people of who want to work and also make sure there's more

leisure so that people can pursue you know pursue things for their own sake do things that interest them. and that's the way forward otherwise we're all sort of treadmill and i think you're right they'll be more and more crises as a result of it you know drop it's good our school thanks. in the glove washes not far away from civilization in a three hour helicopter treat from the nearest village. they still one family have

been living here for a long time in tents made of reindeer skins. so that. lodging runs in a signal and minutes they also grew up in the draw but left it at the age of six and never returned they now live in the c t in apartment building but still remember their regions. was planted here as a dancing teacher. was. next to his den says he tells the stories about his motherland.

laws in europe to now has a one thousand strong reindeer had when the enemy only saw the lichen and most around brood is gather the turns and move to another posture they travel hundreds of kilometers in winter we men and children for them. the two families have less of a chance to come across each other they belong to different worlds even though there's sometimes a similar. my parents really truly honestly believe that what had happened was as a result of my father's exposure to agent orange i was born with multiple problems . i was missing my leg. and my fingers and my big toe on

my right foot i use my hands a lot in my artwork i find myself drawing my hands quite a bit to me they're my hands you know just as if anyone would. but they do tell a story they tell a story of. talks a. little . mission in free accreditation free in-store charges free arrangements for free. free spirit types free. download free

blonde hair splitting videos for your media projects and free medio down to r t dot com in. overcoming a barrier like this seems impossible. but then you create something higher. and when you reach stuff you. know do whatever it takes to get all the talk of the world on our t.v.

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launcelot the turkish parliament votes in favor of military actions beyond the country's borders following wednesday's deadly shelling from syrian territory that says turkey would use it for a ton of three strikes on syrian targets. also as the west rushes to blame president assad for the cross border violence moscow calls for restraint on both sides and highlights the lack of global provoked global condemnation for the terrorism that's killed dozens of aleppo. and athens erupts as protesters stormed the greek defense ministry in the late to show all this bad in the struggling country good rest of all our stories on line twenty four seven of our t. dot com now case got the spot for.

well welcome to the sport on the third big night of european football this week and here are the top stories. big tests russian leaders angy are looking to maintain their unbeaten record in the europa league as his hitting young boys have been here in moscow. while cruel boy is a neat lose three two at home to milan is an open goal condenses and petersburg side to their second straight champions league defeat. kings of the ring and i must say beat rivals boss for the second time in a week to go third in the cape charles western conference. the first of all of them taking on swiss side young boys in their second group a game in the europa league because he thinks in form side a top in russia defeated in europe despite u.a.e. for making the play their continental fixtures here in moscow and they're keen to maintain the unbeaten run well the in-form side when talking russia for the first

time to beating bottom side volga two one on sunday but it's partly nil nil in moscow and also it's no it's no longer nil it's one yelling cousin where i got the news covered it he says just given rubin a one no lead at home to party is a great group a while interval on our leading to nil it next g. in azerbaijan thanks to. the ten minute strike jol goal on the follow mob i mean to stoppage time and now three nil. well it's five time european champions little pool of the top group that is brendan rodgers side prepares to host engine aisy the english team fielded a much changed young side for their fines for the opening victory at young boys but rodgers says striker luis suarez who scored a league hat trick last saturday and midfield captain steven gerrard unlikely to feature this day. you know we. and pick a group in a team to win the game and saw. it in a.z.

will be a very strong team because some excellent players. and as i said they've had some excellent results this isn't so far obviously beating ac milan and i'm beaten in the last five games so we need to ensure we have a group which is strong enough to look to win the game and but those players will be involved. we want i'll swear on david lesch morris isn't taking any chances as the top the manager has once again fielded his strongest team of promise and i course in the group j. clash spurs were held to a goal this drawer in their opener at home to latvia a fortnight ago however unbeaten in three league games and think the first victory in twenty three years at manchester united with a three two win loss saturday want to keep up their winning ways in europe. to be the. world around so. they were the guards you. so. much that are going to. divorce.

me one in the champions league on wednesday night as the needs of a cruel three two defeat at home to ac milan offer a tamasha goal fifteen minutes from time gave the seven time european champions victory the businesses were to the up up to sixty minutes thanks to emmanuel sun and stephan i was sure zero eight votes record signing hulk pulled one back in first top stoppage time and then don't show off level soon after the bright but with a quarter of an hour left who was put through his nets to make it three two to milan and a string of inspired ses from the keeper christian are beyond them to the visitors congo exhibit traits the result leaves in the bottom three see without a win off to two games while malaga a top off today three will try that on the legs turned it on saddam and christiane i would also have helped realm of trans i.x. for one it was the window second trouble in a week and first in this competition and woman up nicely for alcopops

a go at barcelona on sunday the victory was rails at fifty three years against i.x. in europe with coach jones a marine you still says their opponents improved. today was competitive. trunk was very intelligent it change. the way they normally think food will sink you did it very well you know very intelligent we do morse very compact the lines were very close. well that way also because royal top of group d. with two wins from two words here don't go there next despite dominating at manchester city a super performance by city goalkeeper joe hart and conceding a last minute penalty converted by substitute mario balotelli so the german champions goal one one zero city manager about a month cheney was less than impressed with his sign. genteelly is totally

different from every championship. when you play play against the best player. and. when you have a chance you need to score if you don't score and after you concede that like we can see the disease is difficult at the weekend we. also have made it through after beating n.p.r. past three want to be emirates the greek sides in that of defeat on english soil given yeah it is but also be an error none of the scored for the gunners who were top of aftershock among pelly i drew one one and we're going to believe the three points was well deserved. this we've won the game it's a great result for us and we made itself very they were. very good i thought their organization was excellent and they may be cheerful as. we improve set know if we do ball but it was really a little bit nervous have to say at times but overall listen with the lawyers. i'm

a big spender i started him out last one they let porter james rodriguez fight him a cracking winner in the eighty third minute but the portuguese side's top of a lot another key other level with p.s.g. on three points after their two no went at home to deny most are crap. now and for me to want in seven time world champion michael schumacher has confirmed he will retire for good at the end of the season mercedes announced last week that schumacher would be replaced by lewis hamilton next season and though they've been speculation the forty three year old german could move to sabah has now said he will give up racing for good interest no one has won more championship titles than schumacher who initially retired in two thousand and six he came back to race with miss avies in two thousand and ten however he since playing just one podium finish . i've decided to retire by the end of the year. although i'm still able and capable to compete with the best drivers that are around but at

some point. it's good to say goodbye and that's what i'm doing here with by the end of the season. and it might be stymied even be forever. now until i saw him defending champions time i was going to have beaten rivals i lost for the second time in a week so it will ha ha what did i miss four straight win and puts them thirty in the western conference. reports. it was a highly anticipated fixture denali not worse have won three of the last full day there and cops in the cage show and see it on top of the western eastern conference is respectively for boston is also a chance for revenge a solution to the most divides just last week in the very below of charges completely dominated the first period the done is variable becoming a major threat for the opposition but these efforts once enough to break the deadlock rather unfortunately for a divorce as it was denominator managed to produce the opening goal soon after the

break carole king as it beaten keeper constantine by ruling from close range from this point fence at the mega support their inner enjoyed an open game with loss of goal scoring opportunities have a barrel in and his dilemma counterpart alexander read america to the mark to say the least and there was little surprise when both goalies were named the team's best players at the end of the night but before that the most provides who are able to find the net for a second time defender yana yellow swara get into the school shit after a decent effort from alexander ovechkin the n.h.l. star coming away with one assist although he says his personal statistics i never too important as long as his team keeps winning and. i have been given a lot of support from players and coaching staff and that rule house me to get back into european hockey and from my personal to form and i'm quite satisfied with it as long as deny my win the game because if you score

a lot but your team loses you can be really happy about the battle going on that basis he's a happy man at the moment since his return to deny they won five of their last six games and that the majority of the season still to for. but surely me to expect through that you could give me. thirty. if i need to tennis and while the material maria sharapova dropped just two games as she eased into the quarterfinal of the china open the russian rushed quantifiable and heard some six six two to clinch her third straight set win a tournament sure now faces a stiffer test as she'll play angelica after the unsung german overcame former world number one paralyzed as the out ski while another russian elena vesnina out she lost to world number one big. next face switzerland rodnina. well mccall usually has moved into the quarter finals of the men's draw the russian kept his cool to win this long final rally and beat south africa's kevin anderson six

three six three and seeded youzhny is looking for his second title of the season but next faces a fresh jo wilfried tsonga the frenchman received a walkover into the last eight after they collide that would think of retiring to a right leg injury. that's all sports news for this bulletin. well. it's technology innovation all the developments around russia we've got the future covered my parents really truly honestly believe that what had happened was as a result of my father's exposure to agent orange i was born with multiple problems

. i was missing my leg and my fingers and my big toe on my right foot i use my hands a lot in my artwork i find myself drawing my hands quite a bit so we. they're my hands you know just as anyone would but they do tell a story they tell us story of. an ox and. overcoming

a barrier like this seems possible. but then you create something higher. and when you reach stuff you. know do whatever it takes to get all the talk of the world on our teeth.

all. of the. it was. for the the .