what capitalism has become well you're in luck because we'll hear from author jeffrey tucker about anarky and the role it can play in building a new civilization in the digital age plus sarbanes oxley turns ten today happy birthday but the threat of jail time for executives knowingly signing off on inaccurate financial reports hasn't been used to go after financial crisis related incidents so what gives and what's the lesson we'll talk about it let's get to today's capital account. now as you probably know as we have a dedicated loyal audience we spend a lot of time a great deal of time rather on this show talking about the big picture of the financial system and financial regulation the need for it the lack of enforcement in many cases the burden of compliance costs for small firms versus the large too big to fail firms that can not only shoulder the cost of violating these regulations but can also spend such a large amount of money lobbying to influence them today just to give you an example we see headlines from r.b.s. over a libre settlement from h.s.b.c. putting aside two billion dol

twenty protest but i've been and they have negative connotations before we go tell us why anarky is positive in your view and how you even define that you know it's one. america simply one that leaves. not look at anarchists believes in society and anarchists believes in a quarter and i don't because simply doesn't believe anybody has the right to rule anybody else so there's no necessary violence or anything like that surely are violent down our office just like there are violent dentists are violent christians for that matter but it has nothing to do with the essence of the wasp americas it was actually the most peaceful and gentlest of swastikas and the watercourse way from a libertarian in arkansas which means that i believe in free minds and free markets and most of the people that you see running around in black throwing rocks these people are anarchists they're just violent goofballs that has nothing to do with an arkansas which is an justly be smirched. but it's a loss maybe we'll thank you for handing us the trade and thank you so much for being on the show today we really appreciat

basically anarky outside the capital. a new way is being driven between moscow and washington this week as u.s. senators back sanctions against russian officials suspect super human rights abuses moscow says it's an interference in its internal affairs and has warned of a symmetrical response the so-called magnitsky list primarily targets people allegedly linked to the death of russian lawyer sort of gave magnitsky he died while in custody facing tax evasion allegations three years ago the u.s. congress has yet to vote on the bill and political analyst of modern safe says the move was extremely ill timed in terms of u.s. russia relations. the united states and russia are the two great thermonuclear powers in the world russia remains the preeminent strategic partner in the eurasian landmass the united states and russia have an enormous amount of strategic interests and concerns in common they are equally threatened on the lawn by islamist fundamentalism they both face major drug epidemics crime epidemics within their own c

basically anarky outside of the capital. now let's have a quick look at some other stories making headlines around the world choose was one of iraq's bloodiest months since the withdrawal of u.s. troops last year with over two hundred thirty people killed neighborhoods and security forces were the main target of attacks in the last few days alone there's been a spate of bombings and shootings across the country it's in the midst of a political crisis with sonny's and kurds calling for prime minister nuri al maliki to resign for sidelining his opponents. japan has restarted its first nuclear reactor since the focus of disaster protesters have gathered across the country to demonstrate against the move japan's prime minister yoshihiko noda ordered the restart last month saying current living standards couldn't be maintained without atomic energy the country shut down all its nuclear plants for safety checks after the deadly spill which was triggered by last year's tsunami and earthquake. the russian built so you spacecraft has