let's have george papandreou answer first.y is the china model wrong. 63% growth increase in good good ? we'd kill for that, right? >> i don't think that is because of inequality. i think the chinese government invested in industry. it brought people out of poverty, yes. but the rising inequality in china is facing a dead end. because first of all, the chinese realize, and i talked to the chinese, they realize they don't have a pension and a welfare system. they have a rising population. e one child per family has worked they also have a problem of needing to cater to the needs of a new working class that's asking depor higher wages. we know it here in the west because we know about the different companies that do the apple iphones and other industries. they are asking for better life conditions. thirdly, they have a major environmental problem. soon these businesses will not be vieable. they realize they need more money to create a better society. so i don't think it is inequality that's helped them. it is inequality that has

up next, george papandreou speaking for the pro team. [applause] >> thank you.et me thank you, when i was a teenager in canada, it was very hospitable to my family who were in exile because of a so thankship in greece. you, canada. it is an honor to be here with the speakers. we are talking about a very important issue. that is inequality. everybody knows there's a story -- anequality created in the soaring inequality even more than in the 1920s. it has undermined basic principles of fairness and justice in our societies. i am in favor of this proposition because i believe we need to ensure fairness and a just society. i admit, there's a value which i cherish. beyond the moral reparative i feel that is important, i would like to relate a personal experience to you. when i became prime minister, i had huge deficit made by the previous conservative government. i had to raise taxes. my main task was to revamp the tax system because there were loopholes, lack of transparency, and a lot of tax evasion. the greek people, who were paying for the debt of greece, were at

george papandreou thinks the model isn't open. in serious trouble. >> it's a consequence of its own success. you have a china with so many cars, a problem with air pollution. you have people so many people working they have a problem with transportation. china with so much of a need of goods and services they need to go to the policy which is, for example, you don't want several hundred dead pigs floating down the river. unlike 60 years ago, the chinese have generated enough wealth that they can actually deal with the next generation of problems which, in 1930 would have been starvation, slavery. people who had no hope, a level of poverty that's unimaginable. big problems, big country. going to have big solutions. >> the central planning of government in china? >> not talking about that. the more billionaires, the better, china doesn't allow inequality. it doesn't go after the rich the way you would want. >> i said last time on these -- anyway. latin america looked at this. 28 years ago wide spread acceptance of the liberalized ma

debating for the motion to tax the rich, former greek prime minister george papandreou and new york times columnist paul krugman. arguing against is newt gingrich and andre laffer. this is one hour and 25 minutes. ♪ >> you did not know which one of your arguments would be totally >> he has never said precipitous withdrawal. >>

a debate between former speaker of the house newt gingrich and george papandreou. they participated in the biennial debate where they argued about whether taxing the rich enters or contributes to economic equality. thomas a second from the clinton initiative with a panel that includes the walmart ceo and houston mayor. they took part about the economic benefits that come to communities. this is 35 minutes. ,> please welcome our panel is , president andr ceo of walmart stores incorporated. venture partner, the collaborative fund, jessica jack lee. and our moderator, al jazeera america. good afternoon. it is our pleasure to be here. with anicking us off interesting discussion about shared values and shared responsibility. it is a complicated question. whetherto determine shared value is important to us and whetheret there shared responsibility helps us achieve reacher shared value. i have replaced shared value prosperity. i hope you all voted. we put a question out there to say i fully understand the concept of shared value. we asked if you strongly .isagree or disag

arguing in favor of the measure is george papandreou. >> no man needs a strong partner, other than the american president, sheltered and cocooned in what harry truman called the great white prison. that is what i concluded after five years and hundreds of interviews, that those presidents with brave spouses willing to speak sometimes hard truths others are not willing to speak to the big guy, those presidents have a distinct advantage. we give an example. had pat nixon been able to cut through her husband's paranoia, watergate might have an avoided. but that had long since given up on her then by the time they reach the white house. a were leading virtually separate lives, as you will in my portrayal of this saddest of all presidential couples. i don't give my husband advice, pat was quoted as saying, because he does not need it.