in. ireland. well i'm john marvin in washington d.c. and here's what's coming up tonight the big picture. as austerity policies continue to ravage much of europe the levels of inequality across the continent are skyrocketing what are the consequences of this growing inequality and what can be done to stop it spread also in just over a month since a lot of technologies in freeport illinois will shut its doors thing to banks to mitt romney's bain capital and their love of outsourcing for workers this is sata

are not going quietly and they're doing all they can to bring attention to bain capital's all out attack on american jobs and later in the show we'll have your take my take live segment which is your chance to call in a live and ask a question or make a comment on the air so stay tuned to find out when to call in for your chance to be on the big picture. you need to know this the global economy is watering out the international monetary fund cut its growth forecast for the world economy and warn that there is an alarmingly high risk of deep economic slowdown i am left projections now show the global economy growing by a mere three point three percent this year the slowest growth since two thousand and nine is the i.m.f. says in its report confidence in the global financial system remains exceptionally

fragile bank lending has remained sluggish across advanced economies with europe's economy contract in the united states headed for a fiscal cliff and emerging economies like india and china also slowing down i.m.f. leaders are calling on policymakers to address the threat. in their economies all around the world the world we're witnessing the collapse of corporate globalism the only question left is just how messy will it get before working people around the world come together to forge a new economy for the twenty first century that question is especially important in greece where tens of thousands of demonstrators six's streets today to protest their financial overlord and german chancellor angela merkel greek attempts to ban protests during merkel's visit. were unsuccessful and more than twenty five thousand people still turned out to demonstrate merkel attempted to express solidarity with the greek people acknowledging that it's been a very difficult phase but part of the journey has already been accomplished she

was met with signs that read mirco we are free nation and not your colony to german policy makers like merkel who are shoving austerity down the throats of the greek people it might all just seem like numbers on a spreadsheet but the greeks it's life and death according to some estimates as many as three thousand five hundred greeks have committed suicide because of financial hardship since this economic crisis began austerity is not a bloodless game and republicans here in the united states need to learn that lesson as well that there's another creep danger creeping out of austerity that we all need to be aware of. tough economic times make people desperate and in that despair they sometimes turn to liars hustlers and outright psychopaths who promise them everything well actually plotting to wipe them out clean them and consider the

economic chaos in the united states of chicago to selma after the civil war at war had wrought incredible damage and on top of that the economy was changing at a blinding speed because of both the industrial revolution and abraham lincoln having subsidized coast to coast rail lines. white people were out of work and in crisis so the k.k.k. came along and promised to help them saying that all their problems were because of those freed slaves taking their jobs that one day their neighborhoods and their governments would be run by those same free slaves just like the very first feature length movie ever made birth of a nation check that out if you want to see the ultimate k.k.k. recruiting film similarly in europe after world war one the chaos in germany caused by the treaty of versailles reparations brought the german middle class to its knees and adolf hitler promised to help in spain italy it was a similar story as those nations struggle to recover from world war one leading to the rise of franco and mussolini so here we are now with

a serious economic crisis in the western world caused by american and european banks toure's stealing trillions of dollars but in greece which doesn't have its own currency anymore and chose to use the international banks as euro they've repeatedly gone along with the bankers demand that greece take money from their poor and working class people to make the already rich banks toure's even richer than the greek people are really really upset so now on comes the greek reincarnation of the nazi party a hard right bunch called the golden dawn that not only wants to go after all the immigrants in the country but also wants to go after the banks toure's their fascists literally they call themselves that and their logo is a variation on the swastika but they want to go after the banks ters and in large part because of that in the last election they got eighteen seats in parliament and they're growing again according to some estimates as many as thirty five hundred

greeks have committed suicide since the banking collapse started and the banks there's demand of the greek government cover the cost of the bank's crimes. but there are alternatives in iceland which was hit harder by the banks or crisis than any country in the world the people voted twice to tell the banks no yes planted banks there's one of the governments who make them whole but the icelandic people told the bankers to go to hell they fired the bankers and some of them are actually facing criminal charges and iceland with the relative autonomy of having their own currency like the rest of the scandinavian countries is doing pretty well right now the fastest growing economies all of europe a subtext to both of these stories is that inequality is rising quickly in all of the countries of europe that are embracing the same sort of austerity the republican party is pushing here in the united states and that inequality has its own side effects. meanwhile the nations that said no to the banks toure's into

austerity like ice land in scandinavia the scandinavian countries are not only doing fine but they're also seeing lower levels of inequality and thus their economies are doing better and they're not seeing the high levels of under arrest that showing up in greece here is more about the consequences of inequality is marshall our back economist and fellow in economics at economics for peace and security and a research associate at the levy institute martial welcome home thanks to me on thanks for joining us looking around europe in the recent i.m.f. projections are we seeing the collapse the beginning of the end of globalism. well i think that that we've been seeing that the last ten fifteen years in fact i would say that the high watermark or globalization in the so-called washington consensus actually came in about the midnight hundred ninety s. and i think that the asian financial crisis was the first warning that shot across

the bow that things were not right and interesting the parallels with with what happened in two thousand and eight the same sort of talks derivatives that essentially blew up the economies of those countries and then allowed the i.m.f. to step in there and act as a sort of the way that most greece today restructuring their economies and effectively entrenching the dominance of wall street several years and we're seeing the same sort of thing today so it's a long battle but i do think that turned against globalization the worry however is as you pointed out in your introduction he said it's taking a very decidedly right wing populist tone and that's that's quite a serious concern for many of us. was in greece today is germany is trying to push more austerity on that country without a change of course where do you think if there is no change of course where do you think this austerity agenda is going to take europe. well it's interesting she had seven thousand police officers accompanying her or rather of providing security.

for the scale of her popularity or lack of it in greece. greece already is a barter economy it has ceased to function as a normal capitalist or even socialist economy even even profitable companies in greece get all of pain letters of credit because they're registered companies and so the the whole idea is that you'll have situations where profitable companies will be forced to say german larger german corporations at rock bottom prices in order to and they will act on themselves into an even greater colony than they already are if it goes on in other parts of europe but i think we've got the makings of huge social dislocation from greece in itself is only about two percent of the euro zone's g.d.p. but a much greater concern has to be countries like spain or italy and spain i think you've

not only got the fourth largest economy in the eurozone but you've got a relatively immature democracy and i say that with no disrespect to the spanish but obviously as you pointed out this is a country that was run by the generals until the mid seventy's there was an attempted coup in as late as nine hundred eighty two and there are incipient separatist movements which are beginning to gain greater forcefulness and strain throughout the country in places like catalonia and of course the basque region has long had a problem with. terrorism so that's a sort of country that could literally find itself being torn apart we continue on the course of destructive austerity marshall i have a friend in germany i had and he's deceased now but this was maybe fifteen years ago or thereabouts. the time of the euro was being put into place and he actually now. only lived through world war two he had been a young soldier in hitler's army and i and very much for beauty hated that over the

years and i i asked his opinion of the e.u. and the euro and he said you just watch this is going to be os winning world war two. is that the gospel germany is going to end up basically running europe. well they're not going to be they already knew that i mean that the irony is that this institution this currency union which was designed to prevent the domination of your by the germans is actually had the opposite effect and they've been more successful in terms of being coming the most dominant power in in europe through world war two. you had three three attempts if you like to deal with the so-called german problem and i don't mean that by this to say that the germans themselves but the first time happened after world war one we had the so-called cut the judean policy which you pointed out where we basically tried these huge reparations and

that led to hitler always see the approach that hitler adopted didn't work and so we tried the euro and in each time we always the failed and we see that when other attempts where germany's natural dominance is coming to the poor again and they are becoming the cream of that power in europe marshall just a quick thirty seconds all we have left here but why aren't more europeans and why aren't more observers talking about the scandinavian icelandic model as a model for europe. because the scandinavian and icelandic models well the scandinavian one clearly because it's it's terribly it will destroy the political power of the bankers and as you point out they were on the show right now the all these austerity policies that begin to implement the. bank bailouts and if you had an approach that was adopted say in sweden or norway and instead that same approach we used in the us in the one nine hundred thirty s. name you would break the power of the banking cartel and you'd have a very different yeah and it would be i think a much better one marshal our backup sank you so much for being with us tonight

thanks for having me tom thank you. coming out it's a sad day in america when you can be arrested for trespassing on your own land and that's exactly what happened i want to elderly woman in taxes why was eleanor fairchild arrested on her own land and what does big oil have to do with us and john. well ask her an actress and activist from daryl and after the break.

it is easy to. see beauty. to. see. it.

it's crude news on the show last week we told you the story is seventy eight year old great grandmother eleanor fairchild she was arrested for trespassing trespassing on her own property where you can see mrs fairchild alongside actress daryl hannah standing in front of tractors that are cleaning a pathway for the pipeline right through fairchild's three hundred acre ranch as tractors belong to the trains or at least are under contract to the trans canadian or the canadian company trans canada you probably heard of trans canada or the foreign corporation which was one approval to build a massive toxic tar sands oil pipeline right through the united states and right

through mrs fairchild's property straight down to texas in texas canadian and british and dutch oil billionaires can refine that oil and ship it off to brazil england and china making huge profits for themselves and for trans canada so how do these tractors get on eleanor fairchild's property well texas has a very lax eminent domain laws mean trans canada had very little trouble confiscating a large swath of business fairchild's ranch to build their pipeline and not a single local politician or a lawyer has come to her aid mainly because you don't say no to big oil in texas but actress daryl hannah came to her aid and they both join me now to tell their story on the phone eleanor fairchild and from our los angeles studio actress and activist daryl hannah welcome to both thank you thank you so much for joining us eleanor if i could start with you how exactly did this happen. had it really get out there on the eight men and how did how did trans canada receive permission to

build a pipeline on your property. by eminent domain. an eminent domain in texas is you know. take your land and you have you got to have no rights. it's. terrible what they're doing to property owners here if they're not given a fair money for their property and they are bullies in they intimidate people in the end they did i think and it's just terrible what's happening in texas seems that it is darrell how did you hear about it on our story . well i've been following a lot of the opposition to the keystone pipeline since the entire pipeline was proposed and then postponed till after the election and when i heard that the southern leg was fast tracked without the environmental studies and all of the

other necessary things and yet it still was being characterized as a public use project and i realize there were all these eminent domain abuses and people in texas were just like not having it i thought i would go down and meet with some of them and hear their stories and daryl hannah when you met with them are you finding that there actually is rebellion going on in texas or is eleanor there option rather than the rule there is a rebellion all throughout the entire southern leg of the pipeline just as there has been through the proposed northern section through south dakota nebraska and just as there is on the enbridge pipeline as well in canada there's also you know people saying not through not through our land not through our ranch is not through our prefers not to our freshwater resources so. there's quite a few people who are standing up against it the first nations in oklahoma people

are. are standing up against it as well as as well as many it's bringing a bit together a bunch of different factions both you know conservatives liberals tea partiers even because they're trampling our property rights in this country under the guise that it's for public use project but there's absolutely no evidence whatsoever that this is for the greater good it's all for export which means it's all going to be for the financial gain of a private company right b.p. and shell and whoever happens to be refining this dallaire. and we end up with the toxic waste as a consequence they're refining that's right endangering our water and our soil and you know our climate of course. well i guess the canadians are smart enough to know they don't want the poison out there they're going to export of the us eleanor i'm curious if you could tell us the story your ranch. how does how that. was just one

or the back story of your ranch house how you came to own it it has been in your family what does it mean to you we bought this in eighty three and build it. we can have an eighty eight we moved out here from dallas on my has been retired and we've the laundry home and it's a beautiful piece surprise it's one of the prettiest pieces of property in county texas and it has a spring water as friends make that four hundred gallons of water a minute going off this land from spring and n n n it's the court this piece of property it's it's it's our heaven. and daryl hannah what what can americans who are watching this do to stop this fact of property in this i mean there's there's also

a global warming dimension to this yeah you know the crummy as well please refund that well i think you know people get informed that's the main thing then then trans canada and the politicians who are also in bed with them because of the citizens united and other financial incentives then they won't be able to get away with the deceptive. lines that they're able to get oprah presenting this as some form of america merican energy security or even presenting this tar sands oil as crude it is not crude is a fact the house and ways house ways and means committee. make quite a differentiation between crude oil inch and and shale oil or tar sands oil and this is tar sands oil coming from the canadian tar sands which is the most destructive and. the most hideous sun veyron mental disaster

on the planet you can even see it from outer space so i think for people to understand the climate crisis of course overpopulation and the the growing global water crisis they'll really understand what what threat this pipeline proposes is there is there any possibility daryl hannah that this thing could be you know stopped we have to have thirty seconds. we've got to stand up for our rights in this country we cannot let corporations and corrupt politicians roll over us that's the only way you know and eleanor just very quickly have you had any any positive feedback from any politicians. no absolutely no and we went to washington to meet with two senators and they we had appointments they they didn't show there is distance came in and and talked about it in a way to. i mean. they they're all on.

big money right there you go yeah they're all well they're all addicted to it it's daryl hannah eleanor fairchild thank you both so much for being with us tonight thank you ok thank you. but. in the best of the rest of the news for the past several months we've been following the story of some sata technology is a car a technology company with a factory in freeport illinois since saga is owned by bain capital a billion dollar pirate equity firm started in for mostly by mitt romney bain is now closing that freeport factory and outsourcing the jobs there to china something mitt said the debate isn't even though it's possible i guess in a move that hasn't sat well with some sata employees and the local community yesterday workers us inside along with other protesters tried to block

a truck from removing equipment from the factory and during that blockade three protesters were arrested joining me now via skype is one of those protesters who was arrested some sought employee debbie kemp and debbie welcome hello mr hartman how are you i am i am great thank you for joining us how many people showed up at the protests in saudi yesterday. alors county about a total of maybe fifteen or so is it was there an expectation of being arrested. you know we kind of we went in and contest in thinking that that was a possibility we had china while we stop to chop a week ago last monday and nothing really happened the police came out we all went quietly but way kind of thought yesterday when things that blind that that was a very real possibility you know tell me with beer and tell me about bain port bain

port dot com people can track it down on the internet but tell me about bain port what is this how did it come about and what's the status of it now. well there was a group of people that came to freeport to help the son sign the workers and to make. to make mr romney if that's possible contact them to try to stop this shipping of jobs overseas they stated a local hotel for two months and then they decided they were going to camp out at the student's account if your grounds and the mayor gave them permission so they have been camping in their sense of temper twelve tensile actually a wonderful place you can live there for a long time very comfortable it was fired. the atmosphere is really determined and has a lot of people there that really want to. make brownies see what's

needs to be done have you gotten any feedback at all from the romney campaign or the romney family that mitt romney has seen the damage that his company and his policies that he put in place or are wreaking on you and your fellow workers and might have some concern for you. and i do have to clarify something i don't work it's inside i am just i'm a supporter of ok employees they are and yes they the campaign did actually make a statement and they of course deny any. wrongdoing or any possibility that they had anything to do with these hundred seventy jobs being transferred. and they never did apologize to any of the workers at all for for making that call through

a stressful time you know i'm assuming the the romney campaign did not suggest to you. part of the thirteen to twenty million bucks a year that mitt romney gets as his dividends from bain capital will not include money from since. it's totally denied that they were profit and not all from from this. well why why would they do it if they're if if bain isn't profiting from it he's making millions of dollars a year from bain so it seems like it's all the same pool any i dedicate thanks for being with us so much tonight you're very welcome thank you for having me. thank you. coming up our phone lines are now open for our your take my take a live segment so if you want to chance to ask me a question live on the big picture read about global warming or the stone x.l. pipeline or since or bain or mitt romney or what you think's going to happen the

election whatever may be on your mind give us a call it two zero two nine zero four twenty one thirty four and maybe i'll be talking with you right after the break. while. their show. was a matter you. missed the residue never profited from the performances you'll see him coming all sinners get there if you look up and there's one tacking on you he's the alpha beta gamma he's with all the the fun out. there know what's going on so you can pinpoint. the dirt right now. those shows become income mortal danger and piece of art.

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