handling personal data across the board in the united states, on the other hand, the, the laws of privacy are, are, are left largely to individual states. to legislation. there is no kind of broad view taken is to privacy law. in fact, there isn't really a right to privacy in the united states. it's just, it's just goes perhaps against against that constitution that sits on the team on my cell for this hour, join us in 30 minutes for the legend. ah, join me every thursday on the alex simon show and i'll be speaking to guess in the world, the politics sport business. i'm show business. i'll see you then me the

who's i'm action or here we're going understanding 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, neoliberalism with no china or russia booth. and cold will that ahead of wednesdays . putin, by the summit in geneva, we investigated china, sees the future of mankind and where the western democracy is amid all the more coming up in today's edition of going underground 1st over the weekend, the circle g 7 countries including the u. s. and you came in cornwall for its annual summit that some of accused of repelling and anti russia, and the china agenda. western relations with one of the world's largest economies,

china of argument, we shall know point, particularly in the wake of accusations over a week last week and week of 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 capitalist and political scientist, eric lee, thanks so much eric for coming on. the g stands for a group, but i didn'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. listen, i grew up my high school. i went to big high school 300 kids just in my class. well, if you want have a party with just 7 people,

you can do that. okay. but i tell you these, these guys i didn't go very far in life. maybe go to a fire live because they wanted to nationalist enough. well, no, they were too expensive too. too much into themselves and they thought they were hot, they were bullies and they could run the world for the 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 wades of the world, has basically failed. they failed western europe is failed. the 28th crash. i think you said that china failed to understand quite cataclysmic. the so called western

economic crisis was that we're still living with today despite the impact of the panoramic. 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 cold war. since then, i think western society has gone on and in the larger cope who se, wedding, their own country. they thought they got the magic formula, which is global, or liberalism, taking around the world liberal market economics. electoral 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 that has 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 a vast majority of the countries that adopted those values. and those systems are not succeeding. developing countries amongst developing countries, post cold war china is the only major country had really prosper and delivered for a large number of people. delivered 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 being 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 tend to divide it into the 1st 30 years and their mouth to about lay in a big 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 in 1949 valley about 40 or i think what, what do you one you and 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 like a 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, 5 years on the 8th invite it. and that allowed it to pursue it. don't pass after the 1st 30 years that the people the public. so thanks shopping the 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 it capital exerts disproportionate influence over politics. here in britain, in nature of countries,

whereas in china, capitalists just don't have that power. well, i'm a capitalist, i got no power in the medical power anyway. so the, 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 the capital has the interest and risen above the interest of the nation state. so capital began to pay politics and they looked after their interest. so that's how you see the wealth gap going liberal society and, and solidified authentication in america and western 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 market economy, we do have a capital and we have people like me will manage a whole capitalism to me. means a market economy that you managed in a way that it generate efficient with time to allocate resources efficiently. ok, capitalism to meaning, somehow capital, the interest of capital rise above the interest as of friday of the whole and they capture the cost for their own benefit. and that we don't want in the country. you've often extol the virtues of marriage, socratic, communist party, congress. the definition, philosophically of meritocracy, easy and equality. do you don't see the dangers of the increase in the inequality in china? not just because of how successfully the in terms of market the economics china is

become because of the system itself based on meritocracy. well, i've always said that china is in, has america aquatic governance, but i never called the american see, i think there's an important distinction there. governments, me able people can raise, can rise through the ranks and become decision makers. and that's what america government me. so you want capable people or test it to the years and just like a good company, you will have people that are capable, your hire them at the bottom and they move their track record and you give them our responsibility and how, that's what, how government should work and you see the future enjoying that in terms of combat to equality, 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 night 10 years. the, i think the paradigm shift occurred in 2012 with the 18 party congress. and china had shifted from the 30 or 40 years prior to that, which was the headlong pursuit of economic growth at whatever the cost actually and that were shifting away from that. and towards what's called more balance, well, balance development, which really mean a common prosperity, a more equitable society. so there were a lot of side effects of market economics that we had pursued for date equality is one of them. environmental degradation, it's 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 were primarily concerned about china being poor and lacking development. but if you ask younger generation those who are born post 994-2000 there, 34 in your home, by the way there of course they want economic opportunities, but their primary concerns are about any quality and sustaining but 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 that. that has already it's he you know, it's the young chinese you, extraordinary knowledgeable about the world and that's the back. we have the post 94000 generations, extremely lifelong about. i mean, i'm not saying wikipedia, is that great, but i mean,

we compete is banned in china. yeah. but, well, basically you 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 tory, the 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 that they're battling mistaken goal still be there more from the leading chinese venture capitalist and political scientists. after this break after the pudding bite and some european leaders, such as germany's merkel and france's macro called for renew dialogue with russia. the baltic states in poland said not so fast,

thus there is no consensus within the e u on how to move forward. the ball remains in brussels course. the welcome back out with venture capitalist and political side as eric lee. you said that 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 as propaganda in the western media? these are the only responses left for brussels and stroudsburg. well, i wouldn't be so cut the mistake about europe and about china. i mean, i don't think your project finishes, certainly in some trouble. i think it's in trouble because probably because it's taken on a overly logical interaction for some time. and i think some corrections are needed

and i'm optimistic about the future of europe and for it to correct itself. and we know that, but in terms of the relationship between europe and china and the west and china, we're talk, i keep them in the meeting that just a thing that i was just looking at the numbers of the countries. and that's the largest 3 largest economy of through us, japan in germany. guess who is their largest trading partner? all 3 of my child in the u. k. china, biggest info market. there's 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 source of foreign revenue in k

universe days. so they're extraordinary interconnectivity between china and all the european countries. very there is the indic electricity in china, just replaced, as you say, germany as britain's big, simple market. but you knew about the sanctions. what the businessman think watching this program, knowing the 3rd party sanctions of china now saying they're going to retaliate against us. trump era sanctions that have been continued through to biden, what is a business? what supposed to think, despite all the big figures of huge india connectivity about the future is this is, this is unstable. how can i be sure that governments here in europe, and i'm going to sanction me for some element in the supply chain? well, it's unfortunate, and i think it's like i said, you know, china is the largest rating 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 world cannot exist. and i know that it's been reducing the amount of bonds 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 chime and of the trading relationships equation has to balance going out, well, mentally. i mean, i'm not a economist, economist,

i believe they will tell you that the us is consuming too much and making and saving and that that's why it's invalid. you know, one way out of the reliance on the federal reserve, which obviously that is in linked to and lots of talk even in nature, countries about the mass printing of money here in britain bag of england and the federal reserve is crypto currency was china 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 the, what i've read is there are 2 issues. one is extraordinary energy come to mind, feel, comments. so i think that's one of the reasons they are trying to control

that. 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 i think are cracking down on crypto currency in the future. i think clinical currently does have a role. i think countries the cooperative work work together to, to, to, to develop the rules of the road. but i think the very early stage, yeah, i mean those who are full of their current senior solar energy development actually is that they should be which is different from the other current. that means i just, 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 will be the united states, regulate,

regulating the dollar. china prefer that. no, i think china will be regulating its own army. i mean, fundamentally, what is, what are the big differences and perhaps reforms that nato countries fulfilled suffering. the legacy of the 20 way crisis could learn from china or the history is just to, to different. i mean, britain, habitable 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 trying to develop a way to keep china down. they need to reform what the, where america and europe need reform,

bad like they need to reform their systems to make them work better. less politics, less ology, and more. delivering practical good and practical benefits for their people. that's what governments tell people is the whole time in the major country. that's exactly what they were trying to to. and in fact, you know, what was the big issue? i think with western country is that somehow they have convinced themselves that there's only one form of democracy as call liberal 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 the 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. philosophically. 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, my procedure. and what that for liberalism is, it's about procedures. so if you follow these procedures correctly or follow these things correctly, you find the condition nation democratic. you might be starting to bet your democratic i think, well, the chinese, 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 how democratic are you. i mean, some may be asking, as we hear the rules based international order being recited here by up all additions all the time that. ready nature is losing patience with china. boris johnson has sent the biggest war ship 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, if the torque 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

the wolf, digital, everything. but it's as if it doesn't realize how in circles and how isolated it is in the world despite all the interconnectivity 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'm always that china, you know, 2030 years ago, china, chad, the chinese before this idea called people right now they wanted to rise people at the time a lot of people thought that you know, that i was not credible. and nobody a very few people believed it. but looking back, i think people rise 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. second largest economy and the largest economy by purchasing power parity. yet, china has invaded a single country, not a single shot, fired and i'm present it in human history. if you review a history, the rise of every great power on the higher the roman empire from 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 slaves, months of entire population, invaders wars. all of them in 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 the 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 sons being tortured up the road here in bel much prison. according to the un, china's network c g n defacto band here by regulate just 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 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 went to the west. the media don't want to portray china that's truthful to their own people. that's their last. and they are doing just 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 invited me virgin needs with joe by mid geneva until then he went to social media and tell us of using major nathan media reporting on china. ah ah.

he is still think the cops right on police report in december 2020 a group of and he finishes fill out a film crew access for 3 months. 3rd row like people, organization. it's an idea that must be opposed that channel out the gate route. they make their faces, but they can say what they believe and we believe in helping our community. we believe that fascism is one of the major threats to the united states as gotten driven. this is a chance to see who and teeth are really are in order for me. my 1st amendment rights and say that my life matter. i have to be onto the teacher that we can't trust the police. we can't trust the government. we can't trust anyone except ourselves to protect ourselves in back, guys, or financial survival guys. housing bubble. oh,

you mean the downside? artificially little marketers don't get carried away. i was calling to report the digging deeper into canada's dark, thought over 100 navy unmarked graves of indigenous people on a p or a formal residential school fine following to similar discovery. in recent weeks we speak to the leader of a it was genocide. the whole point of the residential school was to take the indian out of the indian 6 more bodies, including 2 children recovered at the side of the collapse, the residential building in miami, bringing the old 18. this comes as fee as a growing nearby buildings could also be compromised and the red cross says ready to deliver to sport jobs conflict areas around the world that if the local authorities approve the short.