geo political reordering the world powers so this is a very and therefore i have the election right the election is obviously going to be contentious and we got a good 3rd 4th quarter of 2020 shaping up max you studied greek tragedy as a student at n.y.u. you know not only did the greeks give us democracy and philosophy and so much of mathematics and our understanding of humans but they also you know really understood like this sort of inevitability of these cycles of life tread greek tragedies you're always know what's coming right the chorus is there you know we're. like the chorus of this tragedy where it's just saying i care this is about to happen and this is where hubris is going to make this person do so it is a perfect time a perfect word to cities trap to use for this sort of situation because it's just inevitable there's no like good guy or bad guy it is just what it is that's fatal fatalism and it doesn't mean necessarily that one is being cynical if one

recognizes the fatalistic quality of certain dramas as they unfold because what makes a good drama is are the rules outlined by the greeks you know 262700 years ago and it is entertaining for that very reason that the ending is known but the hero or antihero walks right into that buzzing sol and i allays themselves in extra blade but fatalistically and we see this time and time again so the us. at any moment they can get off this path of the can of walking into the buzz saw that mick conceivably but fate is drawing them to the blade you know we had aristotle plato socrates they understood the the man right they understood what tribes us and we always try into the buzzsaw that's the way powerful people or powerful nations do it. they just go straight into the buzzsaw there's no other

option they can just like kindly walk up the states you know it's just goes into the bud is cyclical nature of nature is one that can be dramatize stand in the case of humans they typically will be drawn to a fatalistic end unnecessarily and that's what makes it tragic speaking of tragic just look at that chart this is our deficit numbers plunging here it is the deficit serves the u.s. record it is why despite the deficit in fiscal 2020 since the 2nd world war that was a child she was what she was a massive global tragedy at the end of the last empire of the british empire and you know the rise in power at that time was germany and the and the us but they decided to fight germany right in the us went into massive debt to win world war 2 it was a kind of a gamble and it's like amazon went into massive debt for many years to become the world's biggest retailer and it paid off and jeff bezos is the world's richest man but this time america went almost into similar debt and before it's all over

probably equal if not more debt but without any payoff there's no way that there will reap any reward to this because they are hauling themselves out after world war 2 the us was intact the rest of the world is in shatters here the us is in shatters and the rest of the world is on a relative basis in different layers and levels of being shattered and it becomes kind of a battle of the most shattered and in that battle the us is not necessarily got the best poker hand it's mazing that to me that the timing of this new bretton woods talk comes at the exact same time debt levels in the u.s. work where they were during it just after world war 2 so when you get into those huge debt levels and you need a reset you realize your paper funny money is no longer valuable you need to appeal to the globe now we were essentially america's tapping out or tapping out and saying we need a reset and the shining city on the hills about to go bankrupt please help us please help us so they're going to go out of the global brand. woods to employ this

massive geo political financial poker game and as we've said on the screen show before the u.s. is holding not a great hand everybody was and after world war 2 but mostly to me and say everybody owed the united states money at this time when we enter this 2nd bretton woods what we see is there are videos china money however i think china understands they're not actually going to get paid back like the marshall plan loans were paid back you know the last them only just paid back in the last 2 or 3 years but the china knows i'm not going to get paid back that's why i think they built up a huge amount of infrastructure during the past decade especially so the original article mo hussein says that u.s. budget deficit tripled to a record 3 point one trillion in fiscal 2020 spending soared 47 percent in the year and to september 30th in this case we have what the you know the equivalent of world war 2 is this pandemic and it's cause a hit to global economies to now not as many deaths obviously but it has hit

production and manufacturing capacity and with that you know we also at the same time have a u.s. election and goldman sachs saying this sell us $1.05 silver invest. we're to apologize for interrupting the program but russia's president vladimir putin is now addressing the involved i discussion club here in moscow this year's event has been held by video link up bringing together politicians business leaders and academics them as a heavy focus on the lessons of the ongoing pandemic so let's listen in. on the social business international life but didn't stop there could change the day to day life the habits of people everywhere. oh most every country in the world has introduced some sort of and forced restrictions public events have been cancelled even for your. club this year was

a difficult one too but the crucial thing is that you continue working through the use of cutting edge remote technology. firas you can cycle discussions you debate you introduce new experts that share their views they. always engaging creative fulfilling controversial metrically opposing views on the current developments he was in the police and this debate is in much demand right now it's very useful when there's no shortage of difficult issues that need to be answered. yet to read round had surround actually keeping demick it's present and future important for the humanity of it but as we confront this barrel of this challenge the international community is trying to come together.

and it managed to accomplish certain things together but let me be frank with you if it accomplished far less. could have been done and should have been done. and the face of such a colossal common challenge in the us movies and this is a squandered opportunity is also invited to join us in a national discussion he rushed from the start to leave the democrats focused on the core very idea on life and safety of people and this was a conscious choice. but you told me it was a choice only to stand by the culture from the cultural and spiritual traditions of our nation from its complicated enough and dramatic history and just remember of the huge demographic losses that was sustained in 20th century we had no other way we had to fight for the life of every man for the future every russian family. and

so we did just that would he tried to do everything to save health and lives of our citizens to help parents and children alike to help the elderly those who lost their jobs to keep the unemployment to minimize the economic damage if you like we had to support millions of entrepreneurs who are in charge of small businesses or family businesses you know you just like everyone else i think keeping tabs on the daily data on the demick so in the world coronavirus is not yielding and still a serious challenge so i think this gives this creates a grounding exactly for many people when they start to think that it's kind of a new era right now and that we're not just on the threshold of a major changes this is a start of a new era after tonic shifts across the demands of our life. and we see the. couple

of had breaking pace so many approaches that have been discussed and valdai club sessions in the past for instance 6 years ago in 24 to. the discussion was dubbed the world order new rules or game of the rules. so we've discussed this topic so what now now regrettably the game without rules. and should not is really horrifying but it's been accomplished. right now the pandemics has reminded us how fragile human life is and could you imagine that in this technologically advanced 21st century even the most well to do you prosperous country's population could have been rendered vulnerable exposed to is a stand simply not that fatal infection not

a fatal threat and yet life itself has shown us that it's not just about the accomplishments of the medical sciences with its testicular accomplishments you get turned out that something else is even more relevant and important is the way the public health care is organized and whether it's accessible and available on the values of mutual health duty self-sacrifice if this is what unites people accountability composure and integrity of the authority to see its readiness to appreciate the public demand and at the same time clearly justifiably explain the rationale and the consequence we conducted majerus in order to stop people from succumbing to fear to not see become a strange one and it's by confidence that whatever difficulty it will stick it out together in the fight against corona virus has shown that only

a capable state can efficiently address the crises it runs counter to the claims of those who are the role of states in the global world globally is shrinking of those who say that it will be giving way to some other shapes of social organization it's true everything changes and it might happen some point in future but today with thing that. was then this is not the case we have always believed that strong state is a basic mabel or the development of russia. and us and we have sang it is. this is to bear true once again we've been painstakingly restoring and buttressing the state institutes after the education and often total destruction in the ninety's now let me ask you what is he trying to state what makes a strong granted it's not about the total control or law enforcement acting sort of ousting the private initiative for infringing upon civic initiatives it's not even

upon about the might of its military or defense potential although i think you understand how important this component is given its geography and the whole array of geopolitical challenges. and given our historic responsibility as a permanent member of the united nations security council responsibility to keep the global stability. and yet i'm convinced that the strength of the state is in the trust of its citizens the trust that citizens put into it our comes from people and it is not simply means coming to a ballot box or casting a vote it's all about the reading us to delegate. lest you should make you well known abroad magnate to you elected officials it's ability to perceive the state it's buddies of stated civil servants as their representatives as those who are entrusted with decision making and also those who can be held accountable for doing

their duty to properly. and the same time the institutional framework can and can vary it can take whichever shape i mean it doesn't matter how the political system is called each country has its own political culture and political traditions their own views on how they should develop. dams to blindly copy cats somebody else is pointless and harmless it's crucial that the states and the society will live in harmony and trust and confidence is the most real. libel the better foundation for productive work on the state. of the only by working together we can strike an optimal balance of the freedom of actions and the security guarantees. and once again during the darkest moments of the pandemic. just in my

sense of pride and i'm still proud of the russian people i'm proud of our citizens of my fellow competitor it's of their readiness to. humanize mission work everything possible for one another and primarily i'm proud of our doctors nurses zavala ambulance workers for every one who keep our health care go angels and i believe that the civil society will became a blur of russia's development and it went forward which is why we seek to make sure that the citizens our citizens have the final say to make sure that meaningful contributions and popular demands of from across the society will materialize. naturally it. seans a question. how does this happen how does this popular demand take shape whose voice is the state supposed to here how do we understand if it's truly a point to avoid or is it just some backroom whispers or 3. sheet issue leak

even something irrelevant for our nation some rowdy clamor bordering on syria just . what we haven't see is how you bonafide a popular demand is being substituted by an interest of some narrow social strata or even for any external powers you know what tradin mark received on civil society cannot be imported but i've mentioned this time and again they cannot be a product of some do gooders from abroad even if they purportedly wish you well. and i was theoretically this is probably possible yeah but let me be frank with you that. i have never seen anything of the kind in my life and i don't really believe in this. we all know we've been for that we know how this cargo cult democracies function this is but a hollow shell

a sham and devoid of any semblance of sovereignty. and human the only nations actually have no say the. so at least the new bulletin overselling as it will. quote unquote heads of state vessels who fate is decided by the masses so let me tell me once again only citizens. what i think of the country are entitled to decide. what the popular demand is russia has been through a long and winding road and basically their primary source of creating in funding the ngos was some foreign foundations granted not all of them had. self-centered goals or malice of forethought but some how to go to throw the situation of balance to interfere into affairs to weigh in on the russian and in turn on foreign policy to win it in their favor. not have not all n.g.o.s are like this there are

independent civil society groups and probably there are genuine organizations wishing to help and they were really grateful to them but even in this with these instances they were alien and extraneous but is that true flecked to do with your views and interests of their foreign patrons not russian citizens which is to say they were tools in somebody else's hands with all that implies. a strong free independent civil society it is by definition a nation centered and a server and one. that has its origins in the grass roots level it can have various shapes you do but this is a product of the culture and traditions of a specific country it's not a by product of some abstract transnational mind that has nothing but is is nothing

but a screen for some foreign interests a duty of a state is to support civil initiatives to open up new opportunities for them and this is exactly what we do and i think that this issue of must top the russian official agenda for decades to come. regardless of who holds which office a look. this is key mabel or others over and sustained development of russia's main stage is the basis of genuine continued here as we move forward as the mainstay of capacity and ability to rise to global challenges your colleagues you're well aware that controversy is down russian issues a barge in international life. possibly moving into mostly when there was a moment when the stable after a fashion and predictable model of the cold war era. existed the situation changed since then don't take it as

a sign of wistfulness for me i'm not. using that era at all but the world changed many times over a sense that and. the forces that were used to hold political elites had no time or maybe there were unwilling or unable to analyze so what's exactly going on some countries hastened to slice up the bite to rid the benefits. that they gained after the cold standoff quote unquote was handed the others rushed to adapt to the new world order and still others things country included and we had and. have very dark experience indeed we struggle to survive to keep the country from breaking out to keep agency in the international political affairs at the same time time persists in asking the

question what future has in stock and for humanity and how the global order should look like what it's supposed to look like are we going to go forward meaningfully or are we going to feel our way in the dark. but with nobody to rely upon but yourselves the most recent report of the valdai club. and your club says and i quote. the changed international environment. shows that institutes are no longer the guarantee of a global stability and governance rather be in feed the shaping of a system of relations that would be fit for the new era and of quote so the authors believe that. we are about to see the world where certain states or groups of states will be acting more independent while the traditional

international organizations will slip into irrelevance and when you will let me say this. it's quite clear what is the rationale of this stance but in fact the post-war global order was created by 3 things i'm saying winning powers the soviet union the united states meaning the united kingdom. and united kingdom's role has transformed ever since the u.s.s.r. no longer exists and russia was marked by some as a nonstarter. let me be frank with you we assessing our capacities intellectual territorial economic and military capacity to see what you know soberly we have very clear eyed about them that we and our potential. need is something that we strengthen and lectures and making more of us to day in

and day out. and there are still forces who doesn't believe that russia will just fade away when you no longer are relevant. well the. issue facing their only concern is not to. it called it our youth. burial ceremony . which is we she was not only well i cannot agree that the current international structures that you should be you. know. let's not disposed off yes and even in fact i believe that we need to maintain all the main instruments of the global security i mean in the united nations i was security council and the veto rights you know i'm going over the permanent members i've recently mentioned this anniversary special general assembly and i believe that this stance maintaining the

basics. of post 2nd world war order has broad support in the world and. now having said that the very idea of readjusting the institutional layout of the global politics of it with you know i think that merits discussion plays for the sheer fact that the balance of power just like i said i said changed dramatically weeks especially over the last 30 or 40 years you know what you need to do with this is yes u.s.s.r. no longer exists and i mean there is russia and its place and we you know it's well you can only wait. and political clout of china isn't the only grants it's the status of the superpower and germany is on the same trajectory. and we can kind of notice that it becomes. you know if you please will you know a greater actor and international cooperation for the same time. the u.k.

and france. has seen a major transformation of their role even the united states at some point held sway globally but now they can no longer make such a claim for exceptionality. and of course. when you credibility and weight of sarge powers as india brazil and south africa has improved it's true that not all international organizations are efficient at. fulfilling their missions and mandates they were meant to be impartial arbitrators and yet they are driven by ideology they got captured by a gravity field of strong powers and they become a tool of those. people may well reshuffling rules of procedure gerrymandering with privileges and mandates and bias especially when it comes to conflicts and planned the rivalry of powers or groups of states is regrettably

a common practice and it is deploring when credible international organizations are motivated by time by someone's ego to stick interests. that are getting dragged into politically driven campaign against certain leaders and countries which is practiced discredits this institutes and leads to their decay. on the other hand though we have positive experience we have examples of groups of stale cold or states coming together to address specific issues for instance a case unlike the case in point would be shanghai cooperation organization that for almost 2 decades now has been helping to settle territorial disputes and reinforced ability in central asia it creates a unique spirit of partnership in this part of the world or take us to now formatted helped to unlock a logjam over the political and diplomatic process in syria when you've least

worth remembering to hold back plus it's an efficient although you know rather complicated tool for stand lies in the global markets the world is getting ever more fragmented and such approach can. prove more productive what's crucial though it addresses the specific problems and more it can help to reinvent multilateral diplomacy itself which is important. it's also obvious that we need to share the universe so basically bug back bone structure. in international affairs and which other groups blogs tactical alliances emerged now are going forward we can't do without such or such a bad boss try turning. you can see why it is just that a multilateral ism should be understood not as 100 percent inclusion but rather a need to engage actors who are actually holding

a stake in settling the problem and granted no good comes out of the following situation say there is a process that implies certain. groups of stakeholders that can actually come to terms with one another and then 3rd parties invite themselves shamelessly and we brazenly and we only reason we only go to showcase their ambitions power and influence to carve out a need. for themselves to con everybody out but rather than make a meaningful contribution. let me say this again international system right now is fragmented itself on split into parts splintered but there are tasks that require more than just the potential of a certain state even know if influential states. but issues like international stability and security countering terrorism and addressing acute regional conflicts

are one of those likely just as well as ensuring global economic development and fighting poverty expanding cupper rationing health care which i think is more than relevant today so that your users know that i've mentioned all those issues in details about a month ago. versus retreat session of the general assembly. to tackle. that we need to put together systematic joint efforts. designed for the long run. however you are right even more of the reaching issues something that. markets that everyone of us has to deal with i think many of us read. their little brains by and to understand exhibit 3 and the child there is a steadfast rule you wake up in the morning and you wash a self you tidy up yourself and then you die d.r.p. a planet which in. its. debt is job all right but not difficult

at all and i'm convinced that we have to beat me constantly engaged in this is quote unquote tedious work if we want to save our shared home for the generations to come we have to tidy up our planet. the issue of environmental protection is a step wide among the global agenda but i would look at the bigger picture yes. we need to abandon the excessive be unrestricted. over consumption and choose for gallatin statures reasonable sufficiency. because this is not going to students we should leave. not just in the. in the present we should think about tomorrow you often say that the major is extremely vulnerable for human activity especially as the natural resources are

mind and exploited on a large scale globally and here. a man is still exposed to natural disasters many of them which are caused by anthropogenic interference besides many scientists think that outbreaks of dangerous diseases is a response to such an intrusion and this is why it's crucial to build a harmonious relationship of man and made sure we see this on the example of climate change this to them problem requires real action it's no longer a nabs an abstract tide bright high brow item for the scientific debate something that has direct relevance for every citizen of what are the. global warming makes the ice cap melt.