ah, i'm action or we're going under grinding of the narratives, the so called mainstream media will give you coming up in the show was boris johnson's g 7 conference, the nail in the coffin of neoliberalism, with no china russia, in cold. well, the head, wednesdays putin, by the summit in geneva, we investigate out china, sees the future of mankind and where the western democracy is amiss. all the small coming up in today's edition of going underground for over the weekend, the circle g 7 countries, including the u. s. u k. as in cornwall, for its annual summit, that some of accused of repelling and anti russia. and he, china, agenda, west and relations with one of the world's largest economies. china of argument, we shall know. point, particularly in the wake of accusations over a lot of bleak and we get genocide. nevertheless, communist china is the only major economy that hit record economic growth in the 1st quarter of this year. amidst the current pandemic. joining me now for a special show from shanghai venture capitalists and political scientist. eric lee,

thanks so much eric for coming on. the g stands for a group, but i don't know whether you think it could stand for globalization. you said before that globalized door globalism, injected globalization is dead, has been dead for a while. was the g 7 basically another funeral? well, thank you for having the, i wouldn't call the funeral. it it's, it's a small party, you know, listen, i grew up my high school. i went to 300 kids just in my class. well, if you want to have a party with just 7 people, you could do. that's okay. i tell you these, these guys didn't go very far in life. maybe go to a far life because they wanted to nationalist enough. well, no, they were 2 exclusive to too much into themselves and they thought they were hot.

they were bullies and they could run the world was much larger than that. and you've said that you can trace current society as, as configured in western europe to, to new liberal reforms after the fall of the berlin wall. you see, one of us swathes of the world has basically failed. they failed western europe has failed. the 20th a crash. i think you said the china failed to understand quite how cataclysmic, the so called western economic crisis was the we're still living with today despite the impact of the pandemic. well, i think it all transpired at the end of the cold war. and as we all know, america and west one, the cold war are somewhat

a lot co since then, i think western society has gone on an indian logic cope who say, wedding their own country, they thought they got the magic formula, which is global, or liberalism, taking around the world liberal market economics, electro democracy, all these things they think is what made them succeed. and they're going to universalize and push it to the extreme in their own countries. and that led to the new liberal doctrine of economically and politically and socially. if you will, and i think i have run the ground in the past 10 years. they've gone too far and left too great unraveling of their own societies and a large number of bathrooms in the country that adopted those values. and those systems

are not succeeding. developing countries among developing countries, post cold war china is the only major country that had really prospered and delivered for large number of people. deliver it to them a better life in the world. and the analysis that you'll see in the west for that is because it abandon socialism. i understand you've said actually the years between 949 and 979 of state socialism were the fundamentals upon which the chinese 21st century was built. this is, this is be an evolution from the time of the creation of the people's republic. well, yeah, i had said that and i think you know, people miss and miss. since through the history of modern times they,

they tend to divide it into the 1st 30 years and their mouth to about lane and then shopping market reform, which china to what it is today. but i've always said that without the 1st year, the 2nd that the market with mom would not have been in the 1st 30 years. obviously we had a lot of problems and a lot of mistake. but it was in the 1st 30 years, we go like expectancy and 1949 valley about 40 or i think what, what do you one you when i live out live life expectancy in 1949. when people to publish mounted to already in the late sixty's in the late 1967, i think literacy rate went from negligible to over 80 percent among young people. in emily, 970 industrial base was built in the 1st 30 years, and more importantly,

national independence china. nobody's invite it. and that allowed it to do it don't pass after the 1st 30 years that the people at the public. so thank shopping warms were successful in many ways because the foundation was late in the 1st 30 years and profound you've argued has been the relationship between political power and capital. you claim that will these g 7 leaders capital exerts disproportionate influence over politics. here in britain, in nature of countries, whereas in china, capitalists just don't have that power. oh, i'm a capitalist. i got no power in the medical pow anyway. so be, i think, what has gone astray in the where in america and maybe in europe and you case who

is after the cold war. they've gone on the new liberal path where capital has the interest in capital risen above the interests of the nation. so capital began to pay politics and they looked after their own interest. so that's how you see the wealth capital in liberal society and, and solidified authentication in america and western side. and indeed, equality has exploded their food banks down the street for me here, remind us what is the precise difference between capitalism in nato, the liberal country and capitalism. in china, we don't have capitalism. we have a marketing economy, we do have a capital and we have people like me will manage capitalism. to me, means

a market economy that you managed in a way that it generate efficient time allocated efficiently. ok, capital is to meaning somehow capital the interest of capital rise above the interest of the friday of the whole and they capture the cost for the benefit and that we don't want in the country. you often extol the virtues of marriage, socratic, communist party, congress. the definition, philosophically of meritocracy, easy in equality. you don't see the dangers of the increase in inequality in china, not just because of how successful in terms of market the economics china is become because of the system itself based meritocracy. well, i've always said that china, india has america credit governance, but i never called a america cd. i think there's an important distinction there. governments,

me able people can raise, can rise to the rack and, and become decision makers. and that's what matters matter. government me. so you want capable people or test it through the years and just like a good company, you will have people that are capable, your hire them at the bottom and they move, they food, their track record, and you give them more possibility and how that's what, how government should work and you see the future enjoying that in terms of combat, again, quality, a return to some of the more socialist marxist principles that have arguably been last well, yes i in the past we've seen a great transformation of china last 9 to 10 years

the, i think the paradigm shift occurred in 2012 with the 18 party congress. and china had shifted from 30 or 40 years prior to that, which was the headlong pursuit. gonna be comic well at whatever the cost actually and that were shifting away from that. and towards what caught my balance well, balance development, which really mean a common prosperity, a more equitable society. so there are a lot of side effects of market nomics that we had pursued for date, any qualities, one of them, environmental degradation is another, an odd and corruption was another. so all these issues needs to be addressed. and i think there's been a, a great transformation where the chinese society in china self perception and the national aspiration of the chinese people in my generation,

especially among young people in my generation. we work primarily concerned about china being poor and lacking about on. but if you ask younger generation those who won post 994-2000 there, 34 in your minimum, by the way there of course they want economic opportunities, but their primary concerns are about any quality and sustainable sustainability for the future. so if you're a viewer in a nato country watching this interview, you're going to be thinking, hang on a minute. china is responsible for genocide every other day. we hear about this alleged genocide in june. jang, and arguably, arguably a connected to china's lack of interventionism given it's afghan, has done the chinese officials now talk about and you have no free press and you're not allowed to. the chinese people is 400000000 young people. they're

not allowed to understand the history of civilizations from all different points of view. what sort of society is that? well, if that's what they want to believe, they can believe. if that's true, china going nowhere. if that's true, china would never have achieved already, as he you know, the young chinese view jordan, knowledgeable about the world. and that's the fact that we have the post $92000.00 generations. extremely lifelong about. i mean, i'm not saying wikipedia is that great, but we compete is banned in china. yeah. but well, base they can still get cnn. let me, let me give you one exam. ok. i'm so sorry. sorry. yeah, that's, yeah. but listen, i think that the year before 2019 alone about a 120

a 130000000 chinese people went abroad and came back the largest car of outbound part of the country in the world by far so. so to say that somehow chinese people don't know about what's going on in the world. i think they're battling mistake. still be there more from the leading chinese venture capitalist of political scientists often break as well as sanction, rarely work rarely work except maybe a week, maybe a month when the world always figures a way to get around the same. whether it's, whatever it is that was anxious, don't work, politicians get the city. and they say, see, i am saving the world, saving themselves and they're making friends, which these are the 4 people

who pulled the trigger. survive something on survival. was the hardest things that i had. the face was not having a face adult by patient life accepted. i accept the fact that i made that appointment. we had no fears. del change pretty fast for shots. different stories behind the bullets. the welcome back. i'm still with venture capitalists and political scientists. eric lee, you said the europe european project is basically finished. obviously a lot of people in britain agree with you because they voted for breakfast and the largest democratic vote in history in this country. do you see the response to china's rise in terms of sanctions, in terms of what many suddenly chinese officials believe is propaganda in the western media. these are the only responses left for brussels and stroudsburg.

well, i wouldn't be so kind of the mistake about europe and about china. i don't think your project finishes, certainly in some trouble. i think it's in trouble because probably because of taken on a overly geological interaction or some time. and i think some corrections are needed and i'm, i'm optimistic about the future of europe and for the correct itself. and we know that, but in terms of the relationship between europe and china and the western china were type i, q 7, meeting late in the year, i was just looking at the numbers of countries. and that's the largest rate, the largest economy of us, japan in germany. guess who is the largest trading partner?

austria, china. ok. in the u. k. china, your biggest income market. there are 200000 chinese students studying u. k, u n. of our cities right now. paying 1700000000 pounds a year in tuition. it's probably the largest thought the foreign revenue and your k universe days. so they're extraordinary interconnectivity between china and all the european country. very there is the interconnect in china, just replace as you say, germany as britain's big, simple market. but you know about the sanctions. what does a businessman think? watching this program, knowing the 3rd party sanctions, china is now saying they're going to retaliate against us. trump era sanctions that have been continued through to biden, what is the business? what's supposed to think, despite all the big figures of huge into connectivity about the future is this is, this is unstable. how can i be sure that the governments here in europe and going

to sanction me for some element in the supply chain? well, it's unfortunate, and i think, i don't feel like i said, you know, china is the largest trading power in the world today. and it's the largest trading nation in the history of the world. so if, if the country is one of a and they, i fully china, they're going to be isolating. but i mean, china is built in to the economic well, the can exist. and i know that it's been reducing the amount of bond us bond between buying us debt piley's increasing its now $9000000.00 up $1.00 trillion dollars of us debt. and why, why is china so interested in, in optimism for the american dream. as we've seen, the recent instability in the united states, i'm not sure optimism is the right way to describe the national relationship. china,

obviously there's a lot of matter why, why in the dead? because the economic way to china and the trading relationships equation has the balance going out. well, mentally. i mean, i'm not a economist, economist, i believe they will tell you that the u. s. consuming too much and making a saving and that, that's why it's involved. you know, one way out of the reliance on the federal reserve, which obviously that is into linked to and lots of talk even in nature, countries about the mass printing of money here in britain, bank of england and the federal reserve is crypto currency was trying to clamping down so hard on crypto currency mine is that would make countries all over the world in the developing world, independent of a federal reserve,

which arguably operates for u. s. interests. well, i'm not an expert currency, but what i've read is there are 2 issues. one is extraordinary energy come to mind, climes. so i think that's one of the reasons they are trying to control it. and the 2nd reason, obviously, it's a currency that poly regulated at the moment. so they're probably out of potential for financial. i mean the us federal reserve, the i thing are cracking down on crypto currently in the future, i think currently does have a role. i think countries that cooperate and work worked together to, to, to, to develop the rules of the road. i think the very early stage. yeah, i mean those who are full of their current so you'll get solar energy or any water

in modern development actually is that they should be which is different from the other current. that means i think china is at the bottom of that and already the united states is looking into that too. but i mean when you talk about regulation, that would be the united states regulate, regulating the door, trying to prefer that. no, i think china would be regulating its own army. i mean, fundamentally what is, what are the big differences and perhaps reforms that nato countries fulfill suffering the legacy of the 20 way crisis could learn from china or the history is just to, to different. i mean, britain, have a civil service. people say vaccination program here in britain benefited from the creation of the national health service in the, in the post war period. are there other lessons that western european countries can

learn from china recovering from the impacts of neo liberal policies? i think the western countries are really, instead of trying to develop way to keep china down, they need to reform what, where america and europe need reform balance. they need to reform their systems and make them work better. less politics, less ology, and more delivering practical goods and practical benefits for their people. that's what governments tell people all the time in the major country. that's exactly what they were trying to to. and in fact, you know, what was a big issue. i think with western country is that somehow they have commenced themselves. there's only one form of democracy as call level democracy. and they've made this length of liberalism and democracy,

only liberal society can give them a crack. and i think that fall there could be other forms of democratic governance . i, i, for one thing, china is very democratic and it's not liberal democratic. western countries tend to believe that somehow you have to be liberal democratic. and in fact, i think liberalism has left to a lack of democracy in western countries as may the west let democrat. so i think that's something that we ought to consider in western countries. and yet the peoples of europe, the vast majority of them are sure they are the ones living in the democratic societies and you are not i, i think, you know, the west tends to measure democracy by procedure and what that for liberalism,

it's about procedures. so if you follow these procedures correctly or follow the things to sion correctly, you have that condition nation democratic. even if you're starting to bat, you're democratic. i think, well, the chinese that is for me, i think democracy ought to be measured by outcome by resolve. so if you're delivering a better life for a large number of people, vast majority of young people, of course your democratic. if you're not delivering hub democratic art, i mean some may be asking, as we hear the rules based international order being resides, is here by up all additions all the time. that nature is losing patience with jane morris. johnson has sent the biggest warship in the royal navy towards china's maritime borders. china is allowed 400 bases in circle your country. and

obviously companies, big companies who are way obviously banned from the 5 g infrastructure of this country. it is if it's as if the talk is being ratcheted up or multiply and the communist party of china is trying its best talking a bit more. the wolf diplomacy, i don't know whether she jim brings against him now will differ busy. but it's as if it doesn't realize how and circled and how isolated it is in the world despite all the integral activity isolated militarily under siege. i think that's an unfortunate development. i think it's contrary to what we know are the facts on the ground and what we know from history. so i've always said that china, you know, 2030 years ago, china, chad, the chinese before this idea, comp,

fluoride. now they wanted to rise people, and at the time a lot of people thought that you know that i was not credible and nobody believed it. but looking back, i think people arise has already happened. we went from a for a growing country to the great industrial power house that china is today in merely 2 generations, 2nd largest economy and the largest economy by purchasing power parity. yes, china has invaded a single country, not a single shot, fired and unprecedented in human history. if you reveal survey history, the rise of every great power on the higher the roman empire on the british empire to america manifest destiny to the rise of modern japan, modern germany. almost all of them actually,

all of them were accompanied by great flush at colonization of entire continents killing off and in slaves. months of entire population invaders, wars, and china thrive had been faster and bigger than them all. so far, not a shop had been inspired and that's a great accomplishment. and instead of celebrating this accomplishment encouraging its further development, we have these hostilities that developing among western powers. and i think that's an unfortunate and disappointed maybe even in the global south recognize those chinese achievements. i know the, the programs in latin america and in africa inside these to asia here in britain, you probably know about media censorship. we have julie and son being tortured up

the road here in bel much prison. according to the un, china's network c, g, g n, defacto band here by regulators. how can china get this message out to the world that it comes in? peace if every time any official, medium tries to speak it's suppressed. and journalism, arguably in nato countries is well, some people accused of being captured by the military. industrial complex. well, i tell you, i don't have any idea how to get the message across, but it was the west. the media don't want to portray china that's truthful to their own people. that's their law. and they are doing service to their own people and they're losing credibility. i'm on 1400000000 chinese people as well. and i think, you know, it's on them. eric lee,

thank you. and that's for the show what we'd like a wednesday when pigeon needs with joe biden in geneva until then keep in touch with social media and tell us of using major major media reporting on china. ah, ah ah, one of the worst in mass shootings in america was in las vegas in 2017. the tragedy a close a little of the real last vegas. where many say elected officials are controlled by casino loaners. the dangerous shooting revealed what? the l v m p d really is and now it's part of the stem machine to the american public barely remembers that it happened, but just shows you the power of money in las vegas. the powerful showed that true colors when the pen, demik haired, the most contagious contagion that we've seen in decades. and then you have a mayor who doesn't care to care on goodman,

offering the lives of the vegas residence, to be the control group, to the shiny facade, conceal a deep indifference to the people the vice could have been saved. if they were to take an action, absolutely keep the registering and keep the slot machines being in vegas is a money machine is a huge cash register that is ran by people who don't care about people's lives being lost. look forward to talking to you all that technology should work for people. a robot must obey the orders given it by human beings. accept where's the short or conflict with the 1st law show your identification. we should be very careful about artificial intelligence. at the point, obviously is too great truck rather than fear on various jobs with artificial intelligence. real, somebody with him and a

robot must protect its own existence with the with the 1st us russia summit of the by the ministration looming, the us president coles posted an autocrat stops setting the toad might be for the upcoming face to face on the celebration that israel makes is we don't to, but the junior ability, the countries, new coalition government, which ended by 12 year rule joe biden promises half a 1000000 doses of covert jobs for the polar nations. but it seems not for everyone . we look at how washington's foes being left behind ah.