agenda and in london we crossed to richard wellings he's deputy editorial director at the institute of economic affairs all right gentlemen this is cross talk that means you can jump in anytime you want and i very much encourage it but first is the capitalism democracy tandem really on the rocks well we're certainly seeing massive amounts of discontent over the. what has been functioning and beginning at least with two thousand made the world and specifically its western part has been undergoing momentous changes in its financial and political system ever since the credit crunch significantly undermined the global financial architecture the entire western paradigm which has for a long time assumed as one of its basic tenets the synergy between democracy and capitalism is now being seriously questioned the global occupy wall street movement is just one example of disillusionment with the promise of representative elections and the free market system which distinguishes between. all the constitution never was easy to distinguish it should not or. it's. pretty little it's a very widespread sense that everythi

solution all of which has led to growing station unrest threatens to undermine the whole concept of european unity. that's not all to talk to richard winnings from the institute of economic affairs joins me live in london all right after taking power in greece and italy the technocrats the financial experts as it were their first thought was process does that mean that all euro the citizens are being made there. well i think so and obviously there's also germany's political elite is no hugely powerful because they actually hold the purse strings but are there any huge worry i mean are these reforms going to be successful if they can't carry the people with them we don't really have much of a democracy left in europe what about those reforms carrying the governments involved the eurozone governments. does it not ring the alarm bells for them that they're going to lose their sovereignty and lose their autonomy specially if we see fiscal control over their economies are we to see them rebelling in undermining the euro even more. there is a fair chance there will be some sort of rebellion hopefully a political one not anything worse but of course we could see a rebellion among the g

us into the mess in the first place all right we'll have to leave it there sometimes political professor david middleton chairman of the institute of economic affairs thanks very much for your insight. thank you. remember you can head on over to archie dot com for all of this and more on all the stories that we're covering here's what's a click away right now a spy story at a pivotal point in iran arrests twelve alleged cia agents supposedly snooping into the country's nuclear program. and how's this for a faberge egg find out why a museum dedicated to the renowned russian jeweler has forked out a million dollars for these practice leftovers all the details of the service at r.t. dot com. right now to some other stories making headlines across the globe a recording of norwegian mass a hughes more norwegian mass killer anders grave exposed to police has been released during two calls the thirty two year old offered to surrender but went on to kill more people on to island according to investigators the alleged killer told investigators that he tried to call the police ten times officers tried to reach the island by boat admits to killing seventy sev