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 economy isn't 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 the 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 ever it's the rates presumably that means that during this recess and the gap between the rich in the poor 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 at all especially in the wealthy areas and 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. recession a very big rise in unemployment even more significant perhaps a very big rise in part time employment is happening jay graphically as well where rich regions get richer and poorer regions get poorer do you see a strategy by the governments in which areas that do economically well will apparently be rewarded while areas that do economically badly will be left to kind of fester and degenerate what's the economic justification for that well i think the government wants to back winners. and. and it believes that the winners come about through self. through through act the private private initiative

sensually and so it wants to back back for strong and hope that that will encourage the weak but of course this gap between the regions has been longstanding and recently most of the world that's been generated in the last ten twenty years has been in southern england and so the gap between the north and the south which had been actually getting less in the mid medias of the century has last century started to grow again and economists seem to almost universally to reject austerity and embrace advocate borrowing and spending instead why isn't the government doing that well i don't think you're right i don't think the majority of economists do i mean the majority of economists say that the government is right to in its in its budget a budget deficit in its deficit reduction programs but it needs to do something

else but what they don't explain is how doing something else can be made consistent with a reduction in government borrowing. you know government reduces borrowing they say must reduce its borrowing then it's hard to know how it's going to do something else because unless it raises taxes for example that may be an alternative but very few people are advocating the taxes should go up so they're in this sort of halfway position a more or less there's no alternative to a stereotype but a stair it isn't a growth policy therefore the government should do something else but when it when you actually asked them what should it do they get all vague. i think they should cancel a lot of the. sterrett it policy i think they should cancel the cuts in capital spending particularly. and because of that that those schemes were ready to run

when the coalition took office and they have been put into cold storage they could be this is buildings building schools building building houses hospitals all these projects that were pencil because the government was cutting down its spending i think should be uncancel that i think they should be revived so you're saying you've got to speculate to accumulate in a way not speculate spend you've got to spend because you see at the moment they're not meeting their deficit reduction targets they're not reducing the national debt in fact it's going up the whole time. and it and it's going up because the economy is going down the economy is what provides the government with its income and if the economy is shrinking the income of the government shrinks at the same tired and therefore the deficit rises and something like that has been going on so the policy can't even succeed in its own terms one of your colleagues an economist called

james kean 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 would 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 cas injection it sounds like a great scheme and do you think it would work 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 i actually suggested that the government give every household one

hundred 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 and we've seen a europe wide backlash against austerity what do you think prime minister david cameron's chances are being reelected if he continues if continues if there's no change of policy if the measures that are now being proposed small or is 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 his best chance of winning an election in two years time is if there are proper green shoots of recovery and people can see them and they feel they're feeling better about the economy they're feeling better about their prospects

they're feeling better about getting jobs and feeling better about getting more income then i think he'll benefit from that and they're 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 fall off 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 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 our long run prospects one of the things that the railed against this 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 at all or only working very part time we need to sort of distribute work better among among among people. who want to work and also make sure there's more leisure so people can pursue you know pursue things for their own sake do things that interests 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 go down school thankful. if you're passing through rushes to be a region you really can walk on the wild side thousands of kilometers of unspoilt countryside make up an area where it's still possible to live off the land such spectacular scenery makes it a paradise for fisherman and provides a business opportunity for hunters there are defined hunting seasons in russia but lax enforcement means many animals are killed out of the allotted times which can leave young animals orphaned and unable to survive the heart of just u.s. forest provides a sanctuary for the most famous beast in russia it's home to

a group who rescue often bear cubs and raise them when they're old enough to fend for themselves the cubs a target taken to a remote location and released back into the wild but it's not just bears who find a haven here this is wolf island here wolf pups have been captured by hunters or bought from zoos have a second chance at life and conservationists have a unique opportunity to observe them these walls are all around four months old and they'll stay in this area for up to three years then most will go back to the wild for good just viewing them from the car was an experience in itself but then after a bit of a bumpy ride came an opportunity i just couldn't pass up. this is what i was hoping for when i heard i was coming to a place called. a chance to get close and personal with the locals and it's these guys going to act as pasta parents for the next generation will come here using the old rules as surrogate parents has already proved

a successful technique. every place infant wolves with one year old wolf cubs his parental instinct is totally shaped and they take them as their own cubs it's going to continue to take time and money to rehabilitate the wolfs reputation in russia but the keepers here hope their research and dedication will mean that wolf island remains a place where visitors can truly understand the cool of the wild. wild . science technology innovation all the lees developments from around russia we've got the future covered. secret laboratory tim curry was able to build the world's most sophisticated robot which fortunately doesn't sound anything tunes mission to teach creation why it should care about humans in the world this is why you should care only.

more news today. these are the images. from the streets of canada. and. you. say still. should. salute. the salute similar to the.

latest news in the week's top stories border shelling between syria and turkey is fresh violence and it's damascus but car bomb exploding outside police headquarters . polling stations in venezuela waiting for the last hours to cast ballots but it dissipates in the rising sea of a longstanding leader who votes chavez for his democratic opponent and retake a pretty list will take the helm in caracas. italian's fury over mounting cuts descends into clashes while civil servants marched for their jobs spain. paul's up next we'll have the latest sports news stay with us.

well i welcome along with to the sports headlines here is what's coming up. hitting sanjay remain on top of the russian premier league table with you know when that jim hammer. moving on up reigning world champion sebastian vettel wins the japanese romper a move within a four point six championship lead a number one zero. on the china crisis world number one victoria azarenka big smile reassure her in the china open final in straight sets to claim her fifth title of the season. first football and i'm jay remain on top of the russian the premier league following a two no win. because sitting side how to do it the hard way that they were down to ten men. shall call off sent off after ninety minutes for this foul me edge of the

box but second half goals from eurasia often samuel eto secure. the baddest outfit now on the ten and twelve new competition. meanwhile one of the biggest games in the calendar when the way access cars they think city rival spots up to melody newsmaking to stay within two points of the lead is in second place open the score in the fifteenth minute after being set up by consuming honda the japanese international then turn score and double says carson in fifty two minutes in sealing the two nil victory their seventh win a night we were happy about what today's game especially because it is the biggest they really in russia winning this game is always very important for us. as a team and for supporters too so hopefully we can keep doing a good job in and trying to to fight the first places. elsewhere in kazakhstan

former champions. last time call one colleague not to be school the game's going to go in just the first minute with the winning side up tonight in current standings. elsewhere in russia today the defending champions in a run out through no winners present all thanks to girls from constantine's identifies hour. over in england manchester united won three zero at newcastle fans too old from patrick several jonny evans and tom cleverley tottenham secured their fourth league win in a row beating aston villa to strike from steven caulker and aaron lennon full of the point itself can turn following a dramatic two mature draw europol and started. an infield. to formula one now reigning champion sebastian vettel has moved to within just four points to fernando alonso in the overall standings after victory in the japanese grand prix the german starting position and his red bull was dominant throughout the coming home twenty seconds ahead of ferrari's philippe massa. be ashy of sound finished.

and you are jenson button lewis hamilton battles teammate mark webber. after he lost control of his power at the start of the race however things were much worse for the overall leader from the loans i had to retire after this crash on the first lot. of this is how the overall standings the look now the reigning champion vettel is within striking distance of a long as i was the. driver's title in a row he has not let the standings sorry for this season but is now just four points behind the spaniard with five races left. now to tennis and maria sharapova has been beaten in the final of the china ripping the russian was outclassed by world number one victoria azarenka going down in straight sets it was a poor start for sure apple has a right to stall the fall of lee in the first set to eventually take a six three russian title dominant dominant in the second issue just one getting into her fifth win of two thousand and. well. men's competition while

the two novak djokovic was victorious in had to fight hard to take the first set against frenchman tsonga on a tie break. found the girl in much easier in the second taking six two to claim his fourth title of this is a. title is very special and. i haven't lost many matches in beijing actually lose a match since i've been coming in beijing. only one at the olympics and three titles. i love this year and i love the conditions here. to rugby where new zealand have finished the inaugural rugby championship with six wins from six matches starts after they concluded their campaign with a thirty two sixteen win over south africa having wrapped up the title of the game to spare blacks were looking to complete the series with a one hundred percent record but they actually fell behind in. place a bryan habana score for us try after thirty minutes as the host and. a half time

dressing down from coach steve hansen changed the complection of the match as the visitors went through the games in a second period secure in essex in a row now just one victory away from sesame record among test playing nation. now boxing great mike tyson has defended the current heavyweight division and in particular the klitschko brothers the ukrainian jew have dominated the category for the better part of a decade but often criticised for their unspectacular style with some labeling the pair boring i think it's good it's probably not betraying we people used to you throughout free meals to our drama it's almost like a soap opera you know we were fighting but it's very very serene because the champions are that way because it's good to refight you can't get away from that you know you can't blame be everybody in the vision. now if the ice were in the kontinental hockey league spot moscow thrashed an amen school one on home ice your

mikhailov open for the muscovites in the opening period the game's effectively done and dusted in the second where the high started three more goals the third period was merely a formality as the main side pulled one but a consolation before one was the final school. bell about your layout needed a shootout to beat. for three spots at moscow and had no problems against an amen the red and white in victory for ones you see in sevastopol was one the women's hour never really got any inside on boston yes last. well in the like a minute a bit slower than three two in slovakia. so it has been three weeks since the n.h.l. lockout was announced since then the continental hockey league has gone from strength to strength with the world's brightest stars moving across the ocean i'm here are some of the most spectacular moments of the k h l has produced in the last ten days .

live. live. live. live live.

live .

that is all from the world of sport for now but there's plenty more later here on alt. culture is that so much of a given to a huge percentage of the power of the financial markets when is the end really the end the strategy of the u.s. led mission in afghanistan is in a shambles green on blue attacks against coalition.

overcoming a barrier like this seems impossible. but then you crave something higher. and when you reach the future. you'll do whatever it takes to get all the talk of the world on our t.v. . you know how sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know what i'm charging welcome to the big picture.

soon which brightened me about someone from files to christianize. these flames stunts on t.v. don't come. while. offers an air show and an uninitiated museum doesn't matter you. most of the residents never profit from the performance you'll see of coming on a signature trip there when you look up and there's one check in on you he's the alpha beta gamma he was all the the fun out to metry and he's letting a guy with out there know what's going on they can pinpoint. the dirt right now. does shells become income mortal danger and a piece of art school student exemptions based checklist. making kinda

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