Community wake up to the challenges presented by chinas manipulation of the longstanding International Rules based order that has benefited all of us for many decades john holl as our correspondent at that conference in munich. You know they say that the Munich Security Conference doesnt provide solutions but it provides platforms for competing narratives to play out weve certainly seen that here in the last hour under the same roof youve got the United States effectively firing the starting gun and missile to a new era of foreign and defense policy naming china as the number one threat to the world and then swiftly followed by the Chinese Foreign minister waving the flag seemingly for multilateralism a concept that seems to be under increasing strain and threat in the west we have the headlines europe has recorded its 1st death from corona virus after an elderly Chinese Tourists died in france the 4th person to die outside of Mainland China and south break has now killed more than 1500. 00 people but the World Health Organization says china is running 82. 00 trials for possible treatment the director of the w h os Emergencies Program is calling on nations around the world to work with beijing to fight the virus but 82 different trials underway in china right now everything from Traditional Medicine all the way through to and drugs. And thats not only in collaboration with trying to explain. Investigators. Thats an incredible advances in just basic knowledge of the next 2 to 3 weeks these drugs will have results in 2 to 3 weeks however another 67 people on board a quarantined cruise ship in japan have now been infected with corona virus that takes the total number of cases onboard the diamond princess to nearly 300. 00 that is the largest cluster of cases outside of china earlier the United States embassy in japan said about 400 american passengers will be flown home on sunday this ship has been isolated since the 3rd of february but 11 vulnerable passengers were allowed to continue their quarantine on land. South sudans president has agreed to return the country to 10 states and 3 administrative areas that move by salva kiir is an attempt to resolve one of the most contentious issues of the countrys peace deal here an opposition rival rick nash our have until ever the 22nd to create a unified army and to agree on the number of states the parties have twice failed to form a unity government the minister announced a deal said it was for the sake of peace in the country and should take effect immediately a military offensive on the last rebel held region in northwestern syria is causing the largest single displacement of people since the conflict began 9 years ago 800000 people have now fled the fighting since december Government Forces are trying to retake the last opposition held areas protesters in mexico of march to the president ial palace to condemn violence against women marchers were outraged that a Newspaper Publishing photos of the body of a murder victim 25 year old. Killed earlier this month the Mexican Government says 10 women were killed every day last year in gender based attacks and u. S. Federal prosecutors have dropped a criminal investigation into the former Deputy Director of the f. B. I. Over his role in leaking to the media and was accused of lying repeatedly about allowing a subordinate to brief a journalist on an investigation into the Clinton Foundation ok has always denied any wrongdoing those are your headlines the documentary growing pains is next. Youre. They view growth as something positive. Its great watching our kids grow up or seeing a tree grow. It we always aware that all growth must come to an end. Theres a limit nature knows no such thing as infinite growth this rule seems to apply to every kind of growth but one Economic Growth is somehow supposed to continue indefinitely. We believe them and now there are no limits to growth and Human Progress when men and women are free to follow their dreams and we were right. If that growth fails to materialize we panic but why. Does one person recognize the 150 years ago growth is the fundamental principle of our Economic System capitalism only works when the economy grows but calm mocks recognize Something Else as well it is this growth that will eventually destroy the system itself. And today. If we reach that point is the system about to collapse. At infinite growth actually be possible. The governments dont want to even question the g. Word they dont even want to put a discussion around growth if youre looking at this from the outside it an alien arriving from outer space and youre looking at the society. You would really wonder what was going all what are they doing what what is this gross that has to appear in every political sense on some is the basis of every economics textbook what is it all about is it or is it a religion that they have is the god that theyre chasing is the virus thats taken over them. What is this visceral fear that emerges as soon as growth starts to go away. And he says off to one of vox storm kindness garnished given the well to do from is it the mention the of it was not available didnt talk back storm in the. Fall to guy fox whom style gets filtered out sucks them into finding and seemingly the audience votes us maximun know what is being there which is the politics of exhausted but it went up and and because if what. Mediums the politic can come. On by the perfect thing. Is along is mention of the planet and keep to. The box to a huge how does. This work after. Where does this unshakable belief in Economic Growth come from hasnt always been there. Is a drearily part of human nature. It was raw data was under imaginative use of mass production methods but there was a lot they was able to perform it was time marable to build more planes that all the United Nations put together to turn our ships at the rate of 200. 00 a month jobs which carried over the years beyond might of the United States to decide the outcome of a war. The Success Story of Economic Growth began during world war 2 mass production of tanks and aircraft let the American Economy out of crisis the output of military equipment was now calculated by a new statistical measure of Gross Domestic Product or g. D. P. If production i. E. G. D. P. Grew and so depressed berty americans believed so firmly in this new formula that they compel their allies to bring they cannot make policies in line with it from then on it wasnt peoples incomes that counted it was only growth and it turned out to be such a useful measure actually for the war effort and for understanding the war effort that awful would still became the single most important policy number. Across the world it kind of symbolizes progress to us soldiers says while things are getting bigger so they must be Getting Better that was the g. D. P. In the 3 decades after the war the western economies grew up to 8 percent and in the u. S. They called it the golden age of capitalism in france they were the 30 glorious years in germany it was the economic miracle an entire generation enjoyed material prosperity and full employment and this became engraved in the collective consciousness even though these high growth rates were only made possible by massive water destruction to believe in growth was now unstoppable. G. D. P. Became the most important benchmark in history. And the economy in the grace of economy was doing a good job force when when we were young if you like when as an economy as a society we were young and one of the really important things to say is that there are some societies where that is Still Necessary where you still need that growth where you still need food clothing and shelter whether very very poor undernourished People Living on less than the price of a skinny latte from the cafe downstairs and thats why thats a situation where growth makes some sense. But the idea that as human beings all we want ever is more and more stuff doesnt really stack up so after a certain point you have to ask yourself well how much is enough how much how much more do i need to great economy to satisfy human appetites. The 1970s so our growth rate sink for the 1st time due to the oil crisis and other factors the boom was over the market saturated western economies stagnated millions suddenly found themselves unemployed it was uncharted territory. For the 1st time the limits of growth became visible economically socially and economically. We do have some understanding about groet. In 1982 a group of scholars commissioned by the club of rome presented a report in washington and titled the limits to growth using a computer simulation such as that mit had calculated for the 1st time what continues Economic Growth would do to the planet theyre finding set off alarm bells around the world when resource consumption is doubling every 20 years for the 1st time people were confronted with the fact they can only grow it could also have negative consequences and that the planets natural limits would soon be reached the Success Story of growth was in crisis weve reached levels of prosperity which carry the seeds of disruption and necessitate a complete relook at the whole world social political and other situation. The cup of rome report sold 30000000 copies and became a global sensation. And yet soon this calls themselves came under attack their calculations ready tried as irresponsible fear mongering because its impossible to admit the end except. The Success Story of growth must continue. Unfortunately many of the socalled us predictions turned out to be right and in many cases reality even surpassed the bleak predictions. As the cover for only reports was causing an International Uproar the brazilian rain 1st in the amazon basin was doing nearly untouched the huge brazilian state of much of grosso largely populated by Indigenous People consisted of forest and 70 today not much of that is left since the mid eightys progress aided by International Investors has been eating away at the rain forest 35 football fields of forest disappear every minute its been the same story over and over again lumberjacks moving 1st. Thank cattle breed s. And finally the sort of the parents. Call and they love. This quote of one point containing as is new on the nail your. Aesthetician on what ought is known. The pledge government and i. Believe school fair but as the leader of seen their god but on knowing that god is following us and you eat their own theyre at the side as i am the ia wars are the dance of the fuzzy and the keep thing there. Were stamped there has there. Been as good as society has boogy of us both them flightplan than the meal you meant them to mean by you. Must or numb was a loss when you see a pick you up doll most of all who are going to wash. Mark will. Get it is their viii god only could possibly. Know the sestak luzhin has been infused with the ceremony he cut off his boozing mice. The tropical climate and then the 3. 00 to 4. 00 hard to spray year and with that massive profits saw and corn for export an animal feed. I mean 163. 00 is the gateway to the amazon basin it brought lumberjacks money and destruction into the forest. Today countless trucks lined the agribusiness highway transporting their valuable cargo to the international ports. They passed and the sea of soybean fields enormous silos and slaughterhouses through one of the largest regions in the world growth rates of up to 20 percent business. And the savage beasts this region it was just lived by indians its just amazing forest. 3040 years just off colonization and its the most important region nagra business off the country. Its just the right place to make new investments to make money. You carol a good part exported to russia china and in other countries. Do you see any limits know the limits of the disk i have and the limits. In response to the crisis of the seventys Economic Policy underwent a change of course new growth had to be followed no matter what the cost even if that meant only seeing the prime and falseness of chinas capitalist. These had been contained after world war 2 because there were hundreds sponsible of the Great Depression and the war itself. Monetarism was a new magic word. Among them was the idea that if you put more money into the economy liquidity it was told that additional money in the economy would help really best that would help give a small production that would allow us to consume more goods and we would get growth back again so this little hiatus if you like in the seventys primarily caused by the oil crisis led to a a transformation in the economics of society and in particular how we think about right now we think about stimulating growth i. Governments deregulated Financial MarketsBanks Insurance Companies and Investment Funds going to influence and were now allowed to gamble with currencies stocks even with peoples Retirement Funds capital was that lose and the Financial Sector was flooded with my. Divorce a pact with the devil and the beginning of the slow process of south disempowerment in exchange for growth governments relinquish the power to Financial Markets but who do we mean by Financial Markets and capital and what does it all have to do with us. The Allianz Group is europes biggest Insurance Company and one of the biggest players in the global Financial Markets. Its been fun for 600000000 oil the from from 400000000 leaving so say shown at 100000000 for the softness you know in the lead so say showing leading via the foresaw good ones oquinn one fist to she went on my country to so for stay in. The us some are spirit of figure one inch own base your pick your own inbox in uk 2 is wolf in a party for mukesh cotton and the same box to pot its a peon so buy spirit box in investments invest it to one in it will be here and then in foster to investments in autobahn and when the tulio could take. The sun was one of the positive closed in in china therefore also a show although some kind of one of the growth. In the developed markets in europe and us. They also no new one strives to be seen which we could never knock to a finance if a few puts in but it does if you puts end to high fashion mission via in so going to invest even the high sheen visteon as a sin it will be when its at the law. As a given in the token fini gun opining given that mia didnt try and then he can and then his facts to mean decent and none mukesh to the left eye doc and i defend it and the tough to his sister to mislead no trick is to stop it going to push it into over the top that i knew was an invoice spent 9 as ish miche to me id have a torn effects from the forced. Thank you sandy 6 a gothic anointed aiyana wilmas he felt he could touch up the socks to a cold case for cost by this thank god to 6 months i thought to look for cost beyond. The number of millions of insured individuals its sent on its way to multiply when andre has group as team has a rough idea to which countries and sectors the billions that flow they hire an asset manager he determines what stocks or bonds to invest and. Most of our clients are institutions what they want is they want their their money invested in the Capital Markets. Our customers expect their capital to be returned they want their money back and they want to return on that game and the world there is. Another agenda. Well why im commander just 1. 2 trillion euros obvious its and in germany were managing 490000000000 euros of a sense of. The Financial Markets they have a social role in distributing peoples savings towards investment and that investment is usually a form of debt so when you you take out a loan for example to buy a house that line could end up in a bun and we could end up buying that phone so growth is important so that individuals and companies who borrow money in the Capital Markets can actually pay those lines back. Off of this free trade when he said 20 just. Imagine a world with 0 growth thats a world in in which pretty much everything gets frozen if you havent got a job in this new world with no growth bad luck. Youre going to have to wait for somebody to retire before maybe you get their job. A Society Without growth probably wont work at all. Not for long. It will be cherry and to collapse. Without growth societies will descend into chaos according to the financial and political elite. But is that really the case isnt it rather the blind faith in growth that leads us to chaos. In the eightys the world of finance operating from the city of london and wall street increased its influence and governments and societies and became the driving force of capitalism today Financial Markets not governments determine the wellbeing of anti countries. How did it come to this how could Financial Markets gain such influence over our lives