To an end last month in 2017 saudi arabia the u. A. E. Behind and egypt cut all diplomatic and economic ties with cats are we are open to any genuine intention to resolve this problem and we have been we demonstrated this in fact when there was an opening. Here and november and of last year. And unfortunately these efforts didnt succeed and spears suspended at the beginning of january but. Remain at the same position that we are often the 4 blockading countries accused katz of supporting terrorism which its repeatedly tonight its also rejected a list of 13 demands which include closing a Turkish Military base downgrading ties with iran and shutting down the aljazeera media network. In december cats are sent its highest representation since the blockade then Prime Ministership. Then e to the annual Gulf Cooperation Council summit in saudi arabia at the time capsule had said theyd been positive talks with saudi leaders his attendance came after the National Football teams of saudi behind and the u. A. E. All took part in the arabian gulf cup in cats on november reversing an earlier decision not to participate. Cattle is home to the largest u. S. Military base in the middle east and gulf region the u. S. Has called on its gulf allies in the future fearing it might undermine its efforts to contain seize irans growing influence in the region normally the United States. Should have been involved in pressing all the countries involved. Saudi arabia the u. A. E. Bahrain egypt and qatar to come to some kind of date talked we have very very extensive relationships with all 4 of these governments all 5 of these governments and really its a failure of u. S. Diplomacy 3 years after the blockade began the 6 nation regional bloc is still struggling for unity so hideouts al jazeera doha the u. S. Defense secretary has called china the biggest threat to the global order speaking at the Munich Security Conference mark asked for accuse the Chinese Government of seeking advantage across the wilds by any means and at any cost and here again to other countries to stay away from chinese tech giant huawei and demands thats been rebuffed by european allies or chinas government has Just Announced the death toll from the corona virus has exceeded 1600 the head of the World Health Organization has warned the International Community its impossible to know which direction the epidemic will take us democrats are starting to cost early votes in nevadas president ial caucuses the still the still crowded field of contenders has been campaigning in las vegas ahead of the nominating contest next week and. South sudans president says hes agreed to a painful compromise aimed at meeting the deadline to form a unity government saw the kids cutting the number of states from 32 to 10 thats a major demand of the opposition to formally end the civil war care and his rival react much to have a week left to agree on a joint government after 2 failed attempts. Protesters in mexico have launched to the president ial palace to condemn violence against women demonstrators were outraged as a Newspaper PublishingGraphic Photos of the body of im not a victim the Mexican Government says 10 women died every day last year. Well those are the headlines the news continues here on aljazeera after growing pains to stay with us. I am on. The view growth of 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 fades to materialize we panic but why. Has one person recognized the 150 years ago growth is the fundamental principle of our Economic System. Capitalism only works when the economy grows but call marx recognize Something Else as well it is this growth that will eventually destroy the system itself. And today has reached that point is the system about to collapse. Infinite growth actually be possible. The governments dont want us to even question the g. Word they dont even want to put the discussion around grace 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 often one of storm kindness garnished gave the whale to be defined as a dimension the of it was not a little you didnt talk vacs storm in standards. Fault a guy who just backs them style gets built out sucks them into finding and seemingly the audience votes us maximina what his finger was just the politics. But it went up and and because if not. Mediums he politique can come. On by the perfect thing. Is along his mention of the planet and keep to. The bucks to make him a huge how does anyone up in the back off. Where does this unshakable belief in Economic Growth come from. Hasnt always been there. Is a dream part of human nature. It was raw data was under imaginative use of mass production methods but there was a lot there was able to perform which was primarily to build more planes but all the United Nations but 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 did prosperity americans believed so firmly in this new formula that they compel their allies to bring they can elect 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 the. Became the single most important policy number. Across the world it kind of symbolizes progress to us soldiers says wow 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 anti 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 the believe in growth was now unstoppable. G. D. P. Became the most important benchmark in history. That 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 a thats a situation where growth makes some sense. But the idea that human beings all we want is more 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 grow the economy to satisfy human appetites. The 1970s so our growth rate sing 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 and then thats of course 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 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 growth 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 from reports was causing an International Uproar the brazilian rain 1st in the amazon basin with doing nearly untouched the huge brazilian state of matter 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 Breeders and finally the starving parents. Along that last. Misquoting of one point containing as is new on the nail your. Aspiration on what audi zome given was a shall not approach government and i. Believe school fair but as you live out of being there god put on knowing that god is following the cie intone there at the south side as. The ia wars are the dance of the fuzzy and the keep thing there. Were stamped their heads they are. In as good as a side is below the g. Of us both them slightly and then the merely meant them to mean by you. Must or noms the last when you see a pick your cup down must own all who are going to wash. Mark. Get it is their viii god dont keep boston broke without borders as the glue she has been a fierce would look to said im on your losing my. Tropical climate and there were 3. 00 to 4. 00 harvests per year and with that massive profits soy and corn for export an animal feed. I mean 163. 00 is the gateway to the amazon basin at both lumberjacks money and destruction into the forest. Today countless trucks lined the agribusiness highway transporting their valuable cargo to the international ports. They possum and the sea of soybean fields enormous silos and slaughter houses through one of the largest boom regions in the world growth rates of up to 20 percent business. And the savage piece is region. It was just. Its just amazing forests. 34 years just off colonization and needs to most important region nagra business off the country. Its the right place to make new investments to make money. d you carol a good part you sport it to russia china and the nordic countries. Do you think 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 found 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 possible for 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 lead to a transformation in the economics of our 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 retirements funds capital was that lose and the Financial Sector was flooded with my. Divorce a pact with the devil and the beginning of a slow process of self 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 co glamour and one of the biggest players in the global Financial Markets. Its been fun felt 600000000 oil whole different from 400000000 leaving so see shown at 100000000000 for the softness heel in the lead so see 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 owing base your pick your own and box in uk to a wolf in a party for mukesh cotton and the same box to pot its a peon so by spirit box in investments invested to one in it will be yen in foster to investments in autobahn and when the 2 leo in the city take. The summer was one of them also disclosed in china therefore also a show although some kind of want to both. The developed markets in europe and us. They also know new lines to be seen which we could never knock to a finance if a few of whats in it. Is if your parts and i missed in via so going to invest in visteon i sucked in the movie and its at the law. As a given in the token fini gano ponding given me a in didnt shred and then he can and then who has faxed to me indecent and done mukesh who will have to knock and. I defend it and the tufted his cysteine or docs to mistake nicholas is to stamp it door to push it all into over that i never was an invoice spent 9 as ish mish to me id have a tone of x. From the forst. Thank you sandy 6 a gothic anointed aiyana wilmas he thought he could hang. Up the socks to record all cars for cost by this thank god to 6 months i thought to assist could look for cost beyond. The number of millions of insured individuals its sent on its way to multiply when andre has group as a 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 in. 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 their return on that game and the moment 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 bond 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 friend you 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. And 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 their wellbeing of enteric countries. How did it come to this how could Financial Markets gain such influence over our lives. One person who knows the financial world better than almost anyone asked you at college for nearly 30 years you were the Successful Fund manager on wall street and in the city of london. Known of times people financial i was a scientist and ive been offered 20000 pounds to go and stone wall street in 1008. And i was one of th