in mamaroneck new york and also while you were in times square with putting quarters in there for the dancing chicken of course many people know about travis bickle he was also hanging out in times square in his taxi. it could have been a movie but it seems like real life but of course he drove a yellow taxi taxi driver and that isn't our next headline because they have been disinter mediated by an algorithm drivers often make below minimum wage report finds some drivers end up losing money after insurance maintenance and other costs according to a study raising concerns over labor standards so this is a study out of mit and drivers it turns out make basically as little as eight dollars and fifty five cents per hour. the article the researchers they did have a little bit of conflict with over the how they determine how much they actually get paid but nevertheless what the study finds is that lifts.

basically rely on economic ignorance of these people applying for jobs taxi driver. driver jodie foster is a venture capitalist travis bickle is a dot com or slash cryptocurrency want to be and conspire to take down the currency system someday a real crypto come and wash away all this fear travis bickle quote from driver directed by martin scorsese coined available in theaters now of course travis bickle was driving at that taxi to his company owned he was driving the car for them and he had to like hose down the back of the car when everybody vomited in all the sex and all that crazy stuff that happened in the backseat well of course this is part of the cost that many of these drivers trooper lift don't factor in the

damage to their vehicles the mileage on their vehicle the wear and tear the gasoline costs insurance costs all that such that eight percent of drivers are actually losing money so they're just travelers picoult yeah every single one of us there's nobody that's escaping goober ization of the economy we're all working for below minimum wage at the end of the day if you factor in the ecological devastation of the dancing chicken effect and all the cruelty prone eggs who escapes this nightmare we call post-industrial is post ironic post. fantasy is ation and infantile ization and narcissistic cause i reality here now something to think about during the break because we have to take a break when we come back we're going to talk to dr michael hudson don't go away.

this baby and. say that this young much eighteen so vote with your remote. for special coverage of the russian presidential election exit polls opinions real time results monitoring and much more. level walks telling you on the idea that dropping bombs brings police to the chicken hawks forcing you to fight the battles they call. the new socks for the tell you the subject gossip the public by file for the most important news today. off the bat has been telling you are not cool enough to buy their product. these are the hawks that we along with our audience will walk.

into. you know what you're seeing will be you can see them lift up slowly each of you can see just kids because on the front seat you know you seem to be anything else please. look at the t.v. . look up look look look at me. get. welcome back to the kaiser report imax keyser time now to return to our conversation with dr michael i'd say and dr hudson welcome back to the kaiser report good to be here to continue to so we are talking about donald trump and his new steel and aluminum tariffs and how that's going to play out economic lay and. you know last time we

kind of talked about how this could shut wall street out and that's an interesting concept you know if we can take this and go down this path a little bit but what do you mean by it shuts wall street out and isn't that it good i mean you know the economy has always been a battle between main street and wall street and certainly wall street's been a winning the last twenty five years certainly stands the reagan thatcher era and male liberalism and main street spend shut out main street the wages have been stagnant a lot of jobs have been lost so is this signaling kind of an era when main street can look forward to some gains here versus wall street and isn't that a positive thing and there isn't that the way the cookie crumbles if you are working on wall street dr watson well i don't think. economic policies that don't favor walls are the same as bernie sanders was the it's the don't favor wells. just because wall street loses doesn't mean automatically means three yangs there must i

think there's a national security strategy by trump i think the national security the state has taken over and what they're trying to do is play the game of international diplomacy that is not going to help either wall street or. they can both be losers if the economy is being mismanaged and it looks to me like trump and the republicans are mismanaging of the economy for instance if trump wanted and wall street what he would really do would be to build up infrastructure. in some set up infrastructure you would lower the cost of doing business for wall street there's no let me jump in here for a second because you know was america's biggest competition globally would be china china of course as an adult policy and it's a top down hierarchical approach and it was a bit of an iron fist our alleged free market ideology in america prevents our elected politicians from even offering this type of thing but in other words can

have as america compete with china if china's going an american as a seem to have any problem with a lot of the inroads that china is making and so are our technology space etc with surveillance technology this type of thing but in other words are two highly contrast things temps are styles of doing business where your comments it is impossible for a free market economy to compete internationally a free market economy is one of economic collapse and austerity look america didn't get rich by being a free market they got rich by being a protectionist country that's what my book is about america's protectionist state of. in the nineteenth century america had the idea was if we build. america it is a mixed economy where the public sector providing education roads really roads and all of the infrastructure at a subsidized cost there is really then our business can hire labor and do business

and have a lower cost than other countries that are privatized in free market so american got rich by not being a free market china's getting rich by following the exact same policy that made america rich and germany rich and other industrial countries by having a mixed economy where the government provides most of what's their own externalities transportation costs communication boss education costs water sewage all of these are in america the infrastructures. it is being prototypes to increase the cost comes next best. increases the cost of doing business in the financial eyes of the me let me jump in because as an interesting point in other words if you have the infrastructure like roads hospitals education these types of parts of the economy that add to the aggregate gross domestic product in intangible ways and tangible ways of while allowing the

free market to exist and things like computers and soft drinks and you know things that are commercially competing out there you end up with this mixed economy and the best of both worlds but in america and also in britain you have now the privatization of things like transportation a runway it becomes vastly more expensive it doesn't work. ideologically or theoretically you don't want to ends of a railway system competing with each other because then you get stuck breaking down in the middle as you have in the u.k. or amtrak as i don't know if they are a what the current status is of a track but anyway so yeah this mixed economy right and that's the best of both worlds but in this country and elsewhere they've privatized those elements and now you take up of the competitive and has really been destroyed right yes what you call a privatized economy is really a financial at its economy where the financial sector so every bit of

infrastructure privatized finance is very expensive credit with interest charges stock buyback programs management charges overhead capital gains and. america will end up looking like margaret thatcher's single and they call it a free market economy but it's really away from industrial capitalism as we know it in the nineteenth and early twentieth century back into a kind of feudal and it's a kind of me it's you know spoken about. before and it is a retrogression from capitalism industrial capitalism and it's you can either call it finance capitalism or new york feudalism but it's going to be very high cost of living high possible doing business like a competition and the only way you can really are protected this is militarily with a national security state and the military industrial complex and that's not something that benefits either wall street or main street this is something that is

basically simply parasitic changing gears for a second i want to pick your brain on something air everyone from jack ma to marcus dr burke have been warning about the impending artificial intelligence job apocalypse do you agree the most or press will be displaced by machines or algorithms is there anything we should do as a society prepares said so what is your current thinking on the way i transcend and jobs and economic stockyards on this argument goes back two hundred years repairer no marx and other people who are saying it's mechanization going to replace libor or no and marches and if there was no it's not going to because instead of more and more workers are going to be employed in the capital goods industries. that are making the machines that displace our manual labor so what you're going to have is an upgrading it later from the old manual labor to the machine making labor well

the same argument that was waged in the one nine hundred century can be waged now in the twentieth century how many workers are going to be employed in the artificial intelligence of this great how many i mention all of the all of the gas stations that are going to get more business as a so the parents also mention to each other i mentioned the increase in hospitals and the smoke running power automatic in silence and cars run over pedestrians you know who knows you know how many extra jobs are going to be created by this so the let me let me jump in for a second. and let's go off on a wild tangent here as we normally do so you talk about ricardo and marx and nineteenth century economic models and how this is not any different but i would posit that it is different because in the case of the algorithmically driven the high tech economy that we're now living in the cost of the raw materials the digits that go into this economy are zero zero this is completely new never seen in the

history of economics on a case of you know they have over drivers working at under below the minimum wage because it is a platform that algorithmically controls millions of customers and thousands of taxi drivers taking advantage of the fact that they're of raw material cost digit electrons to them is basically zero same thing with google as same thing with all these major platforms facebook it's a platform is resting on a reservoir of raw material that causes and so things are trending down is highly deflationary in this regard and so therefore this artificial intelligence again are algorithmically driven is tapping into this a some pot a current of raw material cost is zero and that's highly deflationary isn't that a seismic change in economics and the models that have been looked at and examined

now for two hundred years dr watson yes i have to admit you're right it is a seismic change and it's a race to the bottom and it goes hand in hand with the nation you're seeing so to the extent that. the artificial intelligence doesn't mean higher quality of life it may very well mean the kind of managerial program that's what you know it results in a lower quality of life for most people just like drivers earn less than the minimum wage people going to work for him as. are notoriously. short lived there there. were these apparently you know. are pretty exploited so right into this mix donald trump is coming out and saying hey you know we're going to put some extra tax dollars in your pocket the form of cash we're going to we're going to bring tariffs on to give steel workers some high wage jobs and you know this is a vote winner and against

a backdrop of fear the average worker is scared to death because they also implicit and this kind of cycle economically would be a trend toward higher inflation anyway as we're now entering into a new era of higher interest rates etc a trade wars. are not deflationary dr odds and they tend to be inflationary aren't they another thing backing up your point of that modern he is different from industrial technology in the nineteenth century. high wage labor under so low it's labor it was goldbach or labor the idea was that once you have machinery you're going to have to have more and more highly skilled highly trained better fed and rested labor in order to operate it so you had upgrading of labor all during the industrial revolution as a result of this mechanization new labor increases living standards in order to be able to perform the higher quality were joe industrial work jobs but now under

industrial technology it's like now the navy designed by geniuses to be run by idiots and you're going to treat labor is essentially you're carrying your turning labor into low quality repetitive servo mechanism later rather than the highly skilled labor that people thought was going to lead from industrial capitalism in the socialism and better living standards fair enough now what's your latest book by the way junk for jay for junk economics at the latest that's no my latest book i'll be coming out with another one and many are not all see it on the new york times bestseller list i see not seem to love this book up there and it is just recycling the same things over and over and over again there's nothing in that seem to love this book we haven't seen already a hundred times you're actually bringing some fresh to the table i come you're not on the new york times bestseller list this is a travesty dr watson because i'm the kind of person that you have on your show not

the kind of person that the new york times likes to celebrate though they review books that advertise in the new york times and i don't encourage that as i go in your fair enough yeah that's right tell it never comes i was on air once i got to say i'll get him on back all right maybe you two should be up for debates and dr archer thanks for being. the kaiser report is always going to be here. well that's going to do it for this edition of the kaiser report was made kaiser and stacy everett like to thank our guest dr michael hudson latest book jay for junk economics if you want to catch us on twitter it's kaiser report until next time. because it will become more. toward your career as well but. it was the most got a year. in one hundred fifty. official line is that. so

i will study is in the us occupied territory to be pretty. source was. probably develop nukes and if that happens what about. to get not all this gantries have. to develop a. combination of. very artful policy. where he used to step out of the great will of the stupid and. this relationship between russia and china to become. quite a lot can be quite. pretty difficult under. the not once not. the finnish. i'm back in the.

south. take in the equal city. in the new day everybody. how is that. movie. going to let you know let the. south. just kill him if one means a lot just like. the show this one tokyo find it he's going to go. to. his look was because did it because it didn't seem quite a cultural if you pulled the premise. i

am. britain and the u.s. accuses russia of breaching the chemical weapons convention at an emergency un security council session over the poisoning of a former spy and his daughter. the u.k. government creatures that it was highly likely that russia was responsible for this reckless we haven't seen anything but hardly likely as of yet. the british prime minister reveals her reprise on moves that expelling twenty three russian diplomats even though police that are yet to announce any specific suspects. also ahead claims that the arab underworld in berlin is undermining the city's police force with criminal clans infiltrating its ranks. as the final

frontier front line for the u.s. military as donald trump suggests the essence baseball. very warm welcome you watching r.t. international with me becky aaron good to have you with us this hour our top story the u.k. government has accused russia of breaching the international chemical weapons convention the statement came at an emergency meeting of the u.n. security council called by london over the poisoning of russian double agents script powell and his daughter in person last week. the u.k. government concluded that it was highly likely that russia was responsible for this reckless and we haven't seen anything but highly likely as of yet we have concluded that mr scruby pro and his daughter were poisoned with a nazi shock

a military grade nerve agent of a type developed by russia. if britain is so confident that it was not a truck gassed the not means they have the chemical formula samples and the ability to produce it the united states believes that russia is responsible for the attack on two people and the united kingdom using a military grade nerve agent. we demand that material proof be provided before making any accusations against us in this high profile case. we requested the russian government to provide an explanation by the end of tuesday the thirteenth of march on how this russian produced nerve agent could have been deployed in salzburg. they provided no credible explanation good with we are ready for open and constructive cooperation within the framework of the organization for the prohibition of chemical weapons we don't speak the language of ultimatums and we won't allow anyone to speak to us this way moscow says that person also blocked

a russia drafted statement at the un security council for a more thorough investigation caleb maupin explains how events unfolded at the united nations bashar is in serious breach of the chemical weapons convention through its failure to declare the navi short program now the u.k. representative who called the emergency meeting was then followed up by the u.s. representative nikki haley now nikki haley not only made reference to allegations against russia about the recent incident but she further fit it into a wider narrative a growing concern and all of this dangerous and destabilizing activity is russia. russia failed to ensure syria destroyed its chemical weapons program russia killed the joint investigative mechanism when it found the side liable for chemical attacks the credibility of this council will not survive if we fail to hold russia accountable in response to the heated words from the united states and the united

kingdom we heard from the russian ambassador pointed out that russia has actually given up its chemical weapons and that the o.p.c. w. has confirmed that russia no longer possesses chemical weapons from there he invoked the memory of when calling powell representing united states in dressed that very body the u.n. security council holding the vials of powder that he said were chemical weapons from iraq he reminded the council and that there seems to be a history of rather unsubstantiated allegations against different countries regarding chemical weapons and weapons of mass destruction from the united states in the u.k. . we are living in a very special time in front of our eyes incredible things are happening the process of replacing the presumption of innocence with the presumption of guilt has taken place in this criminal law principles being transferred into international relations and boy haley as an experienced chemist has talked about crimes committed by russia we've known for years that for you in order to determine the guilty party

no investigation is needed today the best kind of proof is suspicion it's no longer necessary to show to the council why tubes with an unknown white substance in it it's enough to send a letter displaying an egregious attitude too real to sovereign state from there on the russian ambassador went on to call for a thorough investigation of the incident and determine exactly who is to blame of what happened and he called for this to be done through the existing international mechanisms to find out who is absolutely responsible and he reassured the security council that russia was more than happy to cooperate with process this. upper investigation to determine who is responsible for the attack according to the rules of the international organization for the prohibition of chemical weapons or the o.p.c. w. if any state believes that another country might have used chemical weapons it has to provide all the necessary evidence within ten days after the request experts we

spoke to believe it's not russia of laws of the u.k. which has broken the rules c w it's got set procedures in place that need to be followed through with and those are not being followed. those procedures investigation and formal steps are not being followed and from my understanding russia's offer to jointly cooperate but but they would like a formal request and they would like samples in order to do the analysis which makes complete sense to me and why wouldn't you want to cooperate together sometimes if you're trying to hide something or to shift the narrative in certain direction and maybe you don't want to cooperate it's unfortunate but i i do not think this looks very professional and. they're not following the conventions you've got set procedures in place and they're just not being followed or kind of a complete disregard to international law rule of law or rule of agreements that are in place the u.n. security council meeting comes after allegations from britain's prime minister to raise the may on russia's alleged involvement in the poisoning of former spice they

screw powell and his daughter make claims that a soviet era nerve agent was used in the attack and announced reprisals against moscow they include the explosion of twenty three diplomats the suspension of all high level contacts and revoking an invitation for the russian foreign minister to visit britain to resume i also announced an updated sanctions bill against mosco and that m.p.'s and members of the royal family will not attend the football world cup in russia this summer. mr speaker it was right to offer russia the opportunity to provide an explanation but their response has demonstrated complete disdain for the gravity of these events. they have provided no credible explanation that they could suggest they lost control of their nerve agent no explanation as to how this agent came to be used in the united kingdom no explanation as to why russia has an

undeclared chemical weapons program in contravention of international law. moscow has called the u.k.'s measures a crude provocation and announced that there would be counter measures the u.k. now says it has a damning evidence of russia's guilt and will submit it to the o.p.c. w. the investigation into the attack on the former russian intelligence agent and his daughter is still growing and there are still many unanswered questions as artie's daniel hawkins explain and attack by the kremlin on u.k. soil for downing street it seems the case is all but closed russia is the culprit no questions or other. as the prime minister taking the necessary steps to make a formal request for evidence from the russian government given the gravity of the accusations at official request seemed like

a reasonable osc but law school though says no such requests were forthcoming we haven't received any official request from london we've told britain we're ready to respond if they file the request instead of filing the official request the u.k. continues to pull political stunts and moscow also said it would cooperate in a joint investigation within o.p.c. w. parameters it seems this offer was unacceptable to the u.k. government. has high resolution trace analysis been run on a sample. of the nerve agent no answers from to reason may on that but the prime minister believes there's already enough evidence to make it highly likely this was an attack ordered by the russian state guilty as charged this description and his daughter were poisoned with an. a military grade nerve agent developed by russia means motive and opportunity are usually needed to prove criminal guilt the nerve

agent shock legibly used in that attack was actually developed in the soviet union decades ago and the o.p.c. w. officially confirmed that russia had concluded the destruction of its entire chemical weapons stockpile last year but apparently it was not only russia that had access to research labs and the scientists working there in his back to start for example which became independent after the break up of the soviet union it was the pentagon that helped to demilitarize the facility it was in that very facility that never it shock was tested so they didn't even last the global's up with good schools in the mid one nine hundred ninety s. western special services recruited a number of our chemical specialists their names are known they also brought some of the documents and continued research in this area including in the us in the u.k. the results achieved by those countries in creating new poisonous substances that for some reason classified under the common name novacek in the west.