to talk about fake news dogs political sounds and using cartoons to combat the mainstream media echo chamber all the same or coming up a day's show but first today is the day the oil services company forever linked to the iraq war that killed wounded or displaced tens of millions of civilians however reports results on the new york stock exchange it's a company referenced by the president leader of britain's labor party when an edge to war criminal tony blair was in power the american led ministration. is now proposing the privatization of resources it's handing out contracts to bechtel and how to all companies that supported george bush's election campaign well one division of the infamous halliburton company whose c.e.o. was dick cheney before he became u.s. defense secretary is called k.b.r. today's results will reflect the company's successful attempts at fighting lawsuits against u.s. soldiers over what some are comparing to u.s. chemical weapons used in vietnam this could be the next agent orange no military

members can only carry so much so they'll dig holes and burn things like chemicals munitions human waste and food doctors don't know about the full effects of exposure but they have seen some issues that could be connected to it want to affect could silently be lurking in people who've served in operations iraqi and enduring freedom desert storm and other conflicts since one thousand nine hundred ninety except that even if one hundred twenty thousand u.s. soldiers of the registered for contracting health problems because of exposure to so-called burn pits k.b.r. and halliburton have so far one in the courts those who believe big companies with political connections can always win in nature nation courts though would arguably do better asking questions about corruption when it comes to economic theory itself rather than keynesian neocon wars because it is neoliberal economics that is arguably been impoverishing hundreds of millions especially since the twenty eight bankruptcy of lehman brothers joining me now is rebel economist with a cause professor steve keen author of can we avoid another financial crisis thanks

so much reza are coming back on see the new book is called can we avoid another financial crisis can we will you can see where you are if you're standing in the u.k. in america yes you can avoid across this because you are still standing aftermath of the last one it won't happen again to them but it will happen to the countries of the void it which includes china canada south korea a strong belgium sweden in the new book you focus on them they're on the precipice right now because of because of wars exactly what because what actually caused the cross. yes and this is what most mainstream economists completely miss is that people borrowing private money and spending it now if you borrow money from the banks you actually create new money and then when you create the money you spend it so that it is actually a total increase in demand and mainstream economists ignore that because they pretend banks like ashley madison rather than walk. all the red light district does well they just threw out my view is when they bore him with our own money what a bank does it says they don't have the money you don't have the money they

effectively printed you have a deposit account they put the money at the positive count and they have a matching level of debt you owe them as well as about your assets and you are abilities go up did for the bank and that creates money out of nothing which even central bankers assign base dies and then you spend the money so that increase in debt causes a boost to demand of course if that gets to be as big as it was leading up to the two thousand and eight financial crisis in america the annual change in private debt was equivalent to fifteen percent of j. now it went from plus fifteen to minus six over a two year period say it about a twenty percent decline in terms of g.d.p. in total demand in the economy and that's why it crashed so forget about quantitative easing the brilliant hundreds of billions of buttons with the money which will get all different it's a good effect when you borrow money you're doing the kind of volume of germany not so much that i mean credit credit is a normal part of a well functioning capitalist economy but one of the dangers is you we tend to borrow money during a boom and we have to reply during a slump what it means is the amount of money and the debt you commit yourself to is

based on a set of expectations about mit in the future you have less money to refinance that debt with and then when you reach that downturn you stop you have to have a buy so we decline in demand we had the full vice chair of the week who echoed to raise a million supporters who are in this at least saying that accompanying this kind of policy as being the free trade to free market economy being the greatest agent of collective human progress of a created something we can at least will agree about yes in the sense that what the free market does. it gives people in cars going to invite and that's the real important part of it and you and if i had the main reason we had so much growth occurring is back in the light seven hundred somebody just saw to clean out the water that build up an english coal mines using a steam engine and perfected the steam engine and we started exploiting that fossil energy and that's what gave us the great growth with had but that really comes out of investment and entrepreneurship it does not come out of special and for a tried in fact the countries that are growing most rapidly at the ones of the protected their industries but put them under pressure at the same time to win

a fight japan south korea china as well and they did not practice for a try they practiced a stimulus to push their firms to innovate and invest that's what would be ok will looks like that will provide share the body probably doesn't agree with that what he would just idea but he was very keen on attacking jeremy cool been for that cutting to pull as he's saying it would turn britain into venezuela what do you make of this is one of the problems about to buy in general and amongst humanity but certainly in in western societies that they have this one extreme of the free market will socialism that's a sort of alchemy you have i brought along what can come out of the buddhist philosophy that so you're being and yang is a balance there are roles for both of them and clearly for a total centrally planned system collapses because it actually suppresses innovation that's the major problem with it and one of the leading our intellects that is a guy called you on this call and i mean talked about socialist countries being what a cold supply constraint they have some much every investments necessary every sector

is supposed to get the funds that it gets they don't nobody gets all the funds they need so the easiest way for those firms to go forward is to simply replicate last year's product being good for china but then that's an emerging nickel that was in fact what it what drives it was you have a shortage of demand so the shortage of demand you go to innovate to get customers in your door rather than your competitor and that's generally speaking capitalist economies do better at that than socialist economy is to no argument but that doesn't mean one hundred percent capitalism is better than any touch of socialism it's getting a balance between the because two. there are some things you don't want to have provided on a for profit bice's such as for example reliable server it sure labile the tricity if you do that and they're not reliable because people go on for short term profitability suddenly the surge stops working all the electricity goes out and that huge and we can't afford to have that well in fairness to the ex goldman sachs bank of england governor mark carney he has tried various experiments you say in your own book that strange experiments are being carried out the printing of

hundreds of billions to do to easing negative interest rates do you sense that the elites who aren't reading your would. desperately trying to figure out that the problem is they are in a quote they're in a swamp they didn't expect to find themselves in the basic philosophy they had was even more the more you deregulate the better the economy works for people who suffer from that initially it's like cost royall a bad at all and it's good for year and forty years later people to sign will be taking the cost for all forty years now i feel like i'm worse off than i was forty years ago it doesn't feel all that good i want to go back to what we had before hand and the conservatives never expected to find themselves in that situation so there's a fallacy in their argument as to why deregulation works and i'm all in favor of deregulating the industrial manufacturing side of the economy i'm not in favor of deregulating the financial sector and that's fundamentally what that neoliberal period did and millions hundreds of millions paying the price across nato countries for instance you raise the specter of the academy that one problem about policy makers trying to understand the prevailing conditions economic conditions and the

just talking to each other not only do they know understand what's going on they deliberately try and suppress those who try to find the truth well that's what you get is a mindset that they've learned textbook economics one hundred one supply and demand to see everything works in equilibrium and the bad thing about government pushes you away from this equilibrium and did if you tried unions so they become anti government and you try doing it and so on that is a mythical view of how a market economy overwrites it's a textbook that doesn't actually a plot of the real world you're saying in the bank of england even. maybe in brokerage houses the software on their computers trying to move illegally is i mean the thing you say uses it's there are variations inside the bank of england i realize that they use what they call dynamics to caustic general equilibrium models really begin and impressive then models that basically you see in the economy is always an equilibrium will disturb a shock and then it will converge back to a new equilibrium after the shock and that was the model they had before the financial process those models completely emitted the roles of banks the role of

money and the role of debt not they didn't exist in the model at all just briefly on the debt which of the public do in the year in mainstream media pundits and the democrats use the would ask them what they're talking about private versus public first of all because if you look at the most of the pond a safe obsessing about level of government it i don't even ask a level of what's the level of profit now at the moment on the level of government in the u.k. is on the order one hundred two hundred ten percent of g.d.p. and that's panic stations top out assured the level of profit to pick one hundred ninety percent of g.d.p. it's fallen by twenty percent and that after the financial crisis but that is the real anchor around the ankles of the of the u.k. economy that level of profit is so high compared to historical average before maggie thatcher came into power that servicing the debt means people don't have enough left over to invest or to buy things on credit on the scale they would otherwise do so you have deficient demand and a slight a stagnant economy well obviously e.q. regulations may compromise governments trying to get to grips with that perhaps a little does that mean the brics it could open

a great future for britain it's one reason i was in favor of bricks and not because i thought would be good or bad necessarily for the u.k. economy but i see the european union as being based on a set of insanely bad economic concepts and the major one there was a belief that the government should not exceed sixty percent of j k and the deficit should never be larger than three percent of g.d.p. and the belief is they achieved those targets that have a stable system now the only country that actually managed to achieve that was spying and well how to achieve that was because while they were obsessing about with reducing government it there was a. housing bubble enormous housing bubble financed mainly by french and german banks lending into the into the spanish economy which increased profit to about two hundred twenty percent of a booming economy then people stop borrowing money aside to try to pay that debt down and the economy plunging it and unemployment right which was literally great depression level twenty five percent of the population what i would call the capital of spain probably breaking up so yeah i do think that when tourism me and for the palin the chance or the exchequer talk about the great employment figures

we have in this country the president would say that's just avoiding all these facts they don't really think about it because again the monster that won and in doing which i think is should be abolished we're going to have this one day they simply want a model where the banks don't play any role in the economy whatsoever so they completely blindsided for the role of the city which is bizarre because of course the publishing to support what the city thinks is a good idea but they simply do not understand the monetary dynamics that drive the economy for thieves gain thank you after the break could the u.k. government and british universities because looting with the city of london to displace communities in colombia and from sound the fingers to the news hasn't happened yet we speak to the filmmaker whose videos about tens of millions of views about how they can use is being used to promote his new film all this is. true of going underground.

in case you're new to the game this is how it works in our economy is built around core. perforation washington the washington post media the media. business to run this country business. it's not business as usual it's business like it's never been done before. here's what people have been saying about redacted in the night. along. with the only show i go out of my way to launch you know what is the really packed a punch in the john oliver of r t america is doing the same we are apparently better than two thousand and six and see people you never heard of love redacted tonight the president of the world bank hate to write a seriously send us an e-mail. but also

dead to the ship. it was suggested. and a fairly strong one there were two thousand. volt in the study it's a very extensive study done by a well respected scientist. do chemicals that down the advertising. really increase the risk of cancer means i'm known to use them in the launch of a sham skepticism they do not believe that this is true by independent scientists so did the industry. i received some compensation for my time as well as the others why is that the meat lobby definitely didn't like what we were doing and if you want to learn more you'll get a definite on see the flood you. do not go back to.

big business against health. care started. all. welcome back when the communist party of china wraps up its national congress in beijing tomorrow it will be apparent even to its greatest critics that the largest producer and consumer of coal in the world intends to become the world's leader in green energy. britain destroyed its fossil fuel production systems on the misses but not for renewables for imported fossil fuel from the child miners of colombia it was a point repeatedly made by the leader of britain's mining union scargill that in twenty seventeen could britain from its government to its universities still be colluding in human rights violations in colombia senior producer bennett with activists and indigenous leaders fighting for their land through film protest and poetry went to the london a.g.m. of one mining company b.h.p.

billiton on to investigate in the neoliberal global market economy the exploitation of natural resources in developing nations it's all could be driven state corruption regime change and western imperialism to the detriment of the country's working classes i to an indigenous leaders and activists on the front line is they demonstrate outside money joint being peace annual general meeting in london's westminster. the epicenter of u.k. government many are claiming either support or purposely ignoring the community's plight the issue here is that there are three london listed companies including b.h.p. which together said hong kong in the gulf of colombia in the profits of lucky and think development of mine over the past twelve thirteen years also has led to forced relocations of a number of african descent farming communities and degenerates communities is better protection of the mine against anyone who might wish to disrupt its

operations as provided by the colombian army and by armed private security guards and that's a poor and i think that the fact that the british government does not sufficiently challenge british based multinationals to. improve their behavior is sufficient to warrant criticism at the turn of the twenty first century coal is still the largest growing energy source in the world despite many claiming it's the most polluting. colombia's increased from four to sixty five point six. twenty. i spoke. about how her community in the second poorest region of colombia was allegedly being threatened by. the companies that are. has the largest open pit mine and latin america which has displaced several communities where you communities after descending communities encompassing our communities they extract thirty two million

tonnes of coal which goes to various countries and various places the merger of the of that goes to europe the communities are fragmented as they have been only partially resettled for example which had two hundred thirty families of which only twenty three have been resettled the rest of the population is now in different places in different cities and even outside of the country according to the latest studies done by the colombian government out of thirty two the partment that make up. is the second poorest this is very worrying because they say that development brings progress however there is poverty and malnutrition. sixty percent of the population lives in poverty when you look at municipalities near the mine in rural areas basic necessities are built for eighty to ninety percent of the population this can be seen in different situations lack of accessibility to water health care education and housing it's

a multi-dimensional poverty which is also reflected in the food crisis that has affected in the last couple of years thousands of children have died of malnutrition all of this is a consequence of mining in. terms of the environment it affected the woods and the territories that. many of the water sources have been dried up they even tried without success to divert what he does mean river. however they're still trying to do so by trying a different tributaries of that. they stopped the population from moving freely in their own territory they ruptured the social fabric of the forcefully evicted and relocated communities something else that is very important is that because a loss in the cultural and traditional subtleties that belong to the indigenous and african unity. his grassroots movements support environmental and social justice in colombia in the u.k. a network of british students of universities to stop investment in the very companies have allegedly led to the forced displacement around the set of hong coal

mines ultimately universities themone in the u.k. acting like businesses trying to make as much money as possible but what we're saying is any money that you can make from fossil fuel companies like b.h.p. or mining companies like b.h.p. it's not worth it it's not acceptable the universities are making money from companies driving climate change and human rights violations basically in solidarity with the frontline communities who have come to really demand the big piece stop that kind of find an extract of as and and that they you know off of reparations for those communities and those people they displaced that they've kind of the wall supply off through the projects whether it's in colombia the u.s. brazil this is part of a reparations movement it's a movement to repair the damage that colonialism has gone to to really. make people in the u.k. aware of the damage that our organizations our governments and the corporations do around the world you know name will force was the white savior.

all africa i don't do dumb dumb all private multinational corporations yes they still run by so that i will be awash on heroes like william pitt. centuries after they supposedly freed i was still dealing with destruction of the people's land culture religion history philosophy history and black inferiority white supremacist bull. but my haitian brothers and sisters together with european working class all of our two movements were strong by repairing the armies of napoleon spain and blighty they died for this generation rebelling triumphant lee so won't you help to bring some movement to was much needed long awaited necessary and deserve freedom.

because we need to. reparations dialogue reparations dialogue. senior producer pete bennett reporting that well from huge companies mining underground in allegedly displacing communities in south america to the weird and wonderful underground world of david the animated director and musician is best known for his haunting character salad fingers the gruesome and just some charming creation has gone to dim tens of millions of views on you tube aside from the news as it happened yet say satirical show that skew is the mainstream media they would further just collaborated on a feature film with award winning artist flying lotus called couso with music from fun to cats and a fixed when we spoke to him in going underground secret news bunker.

i like. coming. janice. david thanks for coming down to the old going underground car park before we go to the new his stuff your arguably world famous because of something called salad fingers for the few people on the planet who haven't seen it just tell me what it was something it was was. a green light to change things and he still

is you know it's not the past. they're going to be more. i'm working on now actually i mean right from the outset spoons don't rust of the stainless steel do they know i've got to spend you know if i wanted to gotten. old a spinster for that stainless steel when i did that one no one was watching that was the one that's started people watching i want to put more thought into it and you people are going to say i'm not saying i regret how i did it just feel like if i have the pressure of know in a million people going to watch this or fifty million however many out and up to then i would have probably thought more than a day about what i did as they only took one day and one night to make their way do you come up with these ideas for a blue you know they just fall just fall from the sky and i guess there's no real place to come from it's not like i'm observing one person like i'm following him around just saying right this one's going to a new episode like i did the now i'm just i don't know it's just i just i'm

a book full of little stupid ideas and eventually they all get used to someone not a day goes by with another without another humanitarian catastrophe you are one of your latest generations appears to some data over the way us professional journalists covering those crises i think so pretty much all i think that they all know who they're a man. maybe they don't expect someone is going to read them all like they all know that they've got their own little bubbles of audience and they just take the news from one source but if you're like me and you just curious about all the sauces then you read it all and you get very confused and bamboozled by the whole thing but the fact that the videos that you've put up on you tube are so popular could that be symptomatic of something like ghosts territory the fear of terror there's always very personal fears even if you don't allude directly to you know i says sure. people of faith i mean that's that's what is in common with you know what my

stuff has in common with the news people of faith and you know i just read in a. world war three potential nuclear armageddon kind of like. the excitement for people listening think the same thing if they actually find they can get scared by my videos i don't understand how they can but they can then you know that's something to share with the friends i guess share some fear. that's rising mainstream media was chris morris famous later for feature films. satirizing. militants trying to bomb things up in london things become more purell than the good things of things he was attacking through his window when he was making other shows i think the thing is with brussels and now is that it's not that different from what we've got now so eat have to exaggerate a lot more so that was

a massive exaggeration of ninety's topical and news media and now. the news media is so ridiculous that i mean he needs to come back he's probably overwhelmed with it he probably you know just thinks this is too ridiculous already what can i do when i make my stuff it's very it was personal therapy to make that was news was i was just really annoyed with what i seen and it was just overwhelming me so i just wrote a little script and then i felt. and you know i don't really have it i don't really care what other people think of it it just it was personal level and you also did some work on this very controversial film crew so people working out mass walkouts apparently had some must walk. twenty people out four hundred is not must walk out of huge purple and some of them might have just been some needing to be somewhere for actually i think it benefited the film to have that headline in the news whether it whether or not it was true or not i mean we weren't propagate in the

nonsense but we didn't say all that this is going to harm us i only did a small can so i wrote one of the sections and it's invoice. whereas it was steve flying lotus and it was like his baby flying loves likes the idea that it's called the grossest movie ever made for it probably is the word mass walkouts but it makes a good. subject for journalists to write about but there are problems with shocking graphic content arguably because we think of say david lynch or made films that. are seen as very underground he himself is a republican and they actually some people said hang on he's actually saying that we had this. room and actually we should celebrate the fifty's america in the world could so what's your stuff and think you know he's attacking weirdness here in moore what he's doing rather than celebrating it's funny i don't even just spend two minutes thinking about what the message is going to be or how it's going to be

perceived it's entirely how it makes me feel inside to put this idea out if i get a rush of energy excitement from an idea that it's going on and then pay for the you know pay for it with a backlash if it's truly horrific you know i don't really spend too much time thinking about how it's going to be received but what would you say to any worried parents who are see their child's bedroom to they've been watching your you tube videos that's pretty good because none of my characters are aspirational they're not going to. the fingers on rusty. nails and things i don't think anyone wants to be selling because i think they just look at them and go oh he's way ahead that's interesting they were fred thank you thank you. well that fit for the show we'll see you on wednesday when german president frank called to shine my beat let me have it in mosco children people talk about social media we'll see on wednesday six hundred g.t.s. of the day of henry the fifth the battle of agincourt against the french about well

for which henry the fifth was found guilty for slaughtering prisoners of war in the twenty first century washington d.c. .

discussion club and u.s. russia relations and the state of the world. the russian economy. and i know a lot of people. here's what people have been saying about. really.

better than. to see. heard of. the world bank. protests over the future. region is left in limbo decision to impose a rule. of a newly liberated syria. recently freed from islamic state by the syrian army. and the czech republic. skeptic media mogul.