Central libya Government Troops have seized the town of bani walid and the nearby city of to hold on as they continue to advance eastwards mahmoud otherwhile head has more from tripoli. The 3 of them have to. Let the speaker of. The parliament and the egyptian president. See the 3 of them mentioned blaming. Foreign polars for failing that attempt to take control of the capital tripoli both have to and named turkey the egyptian president said it foreign. Backers as you know that thats because turkey has shifted the power of balance on the ground in favor of the government of National Court and the government of National Accord says that the whole this is visit the whole this whole initiative is an attempt to save have to thats why it does not find it listening years at least for the time being in in the western a camp led by the government of National Accord the government says that the corporation the military corporation was. Has shifted the power of balance has saved the Government Forces and brought the momentum back to the government is by virtue of. An official agreement that military and Security Agreement is sealed between the. Government of national called and the government. All 57. 00 members of a special police unit in new york state have quit after 2 officers were suspended a video showed the officers pushing an elderly man to the ground causing him serious injuries the majority of the units in the city of buffalo were seen to walk past the man as he lay on the Ground Police commanders say officers are being orders. N. F. L. Commissioner Roger Goodell has apologized for the way the u. S. Football league has handled players protests against Police Brutality following the death of George Floyd Goodell says the league will now encourage peaceful protests against racism. Canadas Prime Minister has knelt in solidarity with protesters at an anti racism rally Justin Trudeau made the gesture as the crowd mocked 8 minutes and 46 seconds of silence thats the generation of time a Police Officer kept his knee on George Floyds neck to do has been under pressure to condemn president trumps response to the protests in the us. Astray and have held protests in cities nationwide they supported the black lives Matter Movement and condemned the hundreds of aboriginal deaths in Police Custody judges in sydney overturned a government decision to ban the rally because of Privacy Restrictions minutes before it started. India and china say they want to peacefully resolve a border dispute generals from both sides a meeting close to the site of a recent standoff in the himalayan luck we didnt india accuse china of encroaching on to its side of the border several times last month each country sent thousands of troops to the front tier nigeria says its preparing to make Additional Oil output cuts starting next month until september thats in order to compensate for producing more than its quota in may and june this follows an opec decision that was made last month in which allied countries agreed to a record supply cut that deal is expected to be extended in a Virtual Meeting has just got underway. Kosovos newly sworn in government has lifted all trade restrictions with serbia because of his new Prime Minister says e. U. Brokered talks to normalize ties could resume and those are the headlines coming up next its head to head good buy. From the bronx at vote in britain thanks. To the election of dont. Think you will govern our last. People around the world again. And increasingly turning to the political extremes so what lies behind the we surprised in populism authoritarianism. My guest tonight is an economist who blames the political establishment in her new book edge of chaos why democracy is failing to deliver Economic Growth and how to fix it she believes democracy is in crisis and has some pretty controversial suggestions for how to say im in the house and ive come to the oxford union to go head to head with economist and best selling author. Why she seems to blame democracy for Economic Growth and whether her plan to save democracy by giving some voters more power and influence than others could end up killing it instead. Tonight ill be joined by author of the production of money and one of only a handful of economists who correctly predicted the financial crisis jamie whyte director of research at the institute of Economic Affairs. And they form a new zealand politician and philosophy electra and jason pickel and im for apologist at the London School of economics and author of the divide a brief guide to Global Inequality and its solution. Maybe the gentleman please welcome dambisa moyo. Business 1st book debt a cold wave when she called you the problem help. Foreign aid was actually very poor hes a former Goldman Sachs banker from the. Reason why welcome to day. One of the central premises of your book is that the popular discontent that we see across the west right now for example the brics vote the election of donald trump the rise of populist parties is driven by the failure of governments to deliver Economic Growth yet many experts pollsters people who studied this stuff would say bricks it wasnt driven by economics trump wasnt elected by the poor or the left behind its a complete myth that had much more to do with culture and identity issues which you dont really address and well i dont think. That i completed here at oxford a while ago in economics and so i thought there might see these issues a challenge through that lens im not dismissing that there might be other you know aspects and ill leave that to people who are focused on those areas to to make the case for that i am concerned about the economics and we do know that real wages have come down virtually every developed country over the past 30 years social mobility has declined the income inequality has widened and so the threat of a lack of participation in the neighborhoods to people be simply given up on and work all these aspects have created things like trump and bricks it. Get that thats your prism and thats your specialism doesnt make it correct the majority of americans earning less than 50000. 00 a year voted for Hillary Clinton not donald trump when my vote is in the rust belt states who said the economy is the most important issue for the country with hillary. Income class were not predictors of vote in fact views of multiculturalism of feminism the Death Penalty was actually a greater predictor of peoples views on break so let me let me clarify a couple of things so 1st of all you know a lot of what youve just said certainly culture issues around immigration which have been basically. Sort of put forward as the main argument for break that and for for the rights of camp and poppy. Or more generally across europe to me are masking a more fundamental problem which still has its roots in economics if people feel that their lives are improving their future generations lives are improving i would argue that we would see much more stability we have seen much more stability in those periods a good job than donald trump also one of the last from rich people the need to hold on people dont you wonder how do you hold it ill give you a juggler ill give you a start of a day wages ill give you a statistic that illustrates the story as you were aware the the general high level numbers that hillary won the popular vote by 3000000 if you take out the new york im not about the state just the metropolitan city of new york and if you take out the metropolitan city of los angeles not california Los Angeles Donald trump won the vote by over 3000000 votes that is how split this country is people in new york city and in los angeles are essentially very liberal tend to be much more wealthy and tend to be deriving their welfare and in terms of their Living Standards but from a global societal and unlike you perhaps i take the view is no point in me making arguments that i have no basis in fact or knowledge to make you seem to treat growth as some sort of magic bullet and yet if you look at some of the biggest problems facing the world today problems you recognize in the book income inequality Climate Change more and more Economic Growth is not only fail to solve those problems many would argue experts would say it is in fact a driver of those very same problems would you accept i would not and i would not accept it because i think one of the key points that people tend to miss is not that we have not gained from a model where we have depended on growth we have failed to redistribute that growth in a way that actually enhances the lives of many people around the world if i think specifically of some of the examples of this there are many policies today that have have short term gains particular in western societies but have very deep long term problematic consequences trying to give a good example trade protectionism the fact that the United States through farm subsidies and europe through the common. Culture policy have locked out the goods that are produced in places like africa and south america have essentially created an environment where we have not only created more and more impoverished people but weve also created a fed into issues of political instability im saying deal with the real world not your aspiration mobile aspiration which is x. M. L. Growth the oxfam remora every january theyre putting out reports and saying the world is growing we know that i think the estimate for this year is that the 8 wealthiest people in the world have more wealth than the bottom so were in agreement that rose doesnt inequality in fact increase i was very clear i said that the point is not about growth the fact is that how we do redistribute that growth and on Climate Change you talk about the edge of chaos but what about Climate Chaos is an irresponsible to talk about Growth Growth growth given experts like Kevin Anderson the center for Climate Change research of said continuing with Economic Growth over the coming 2 decades is incompatible with meeting our International Obligations of Climate Change well theres a whole literature which obviously havent cited or perhaps youve not seen which is focused specifically on what we call green growth theres massive discussion around this and in fact you talk about china india china is quite a leader head in terms of trying to in the we of course there have you been there recently beijing has more solar panels than most of the other countries and they are i mean i could go uns Environmental Protection index made formulated by Yale University puts china a 120 out of 180 countries in the world listen china is the 2nd largest economy in g. D. P. Terms its ranked near number 100 per capita incomes terms this is one of the poorest countries on that metric the notion that somehow they should wake up and they have an economy thats functioning at the highest levels is absurd the United States even in the last 20 years theyve had cities where theres been mass pollution just flint michigan is not 20 years ago where they were polluted water and the notion that youre putting all this pressure on china which is still a nascent economy in many respects to me as for hardy russia you cited jonathan you still use my real growth im just here to order green. You dont advocate for green growth i sure do i mean i sure do many times as climate having read my book just how im going it might not only raise the question i would have a very well as you may have just wanted to limit is less of a test or less of a test on your book i mean theres a whole section i mentioned multiple times and there are 4 times the words Climate Change appear in this 200 multiple bit 4 times what pages out of 3 that i can give you the very title of its only 4 and so all im saying is that its great please do go home to me now tell me now though yes what is your position on growth and climate and summarized as innocent as well as i said i think the framing is around green we have 90 percent of the worlds population that lives in the emerging markets 90 percent of those people including myself who comes from africa have been assured have been encouraged that we can live like americans live like british people you if you decide you want to go and put the genie back in the bottle good luck you want to go to the panel on this just before i do want one last question i must ask this to you you working Goldman Sachs back in 2008 tell your is actually work there you were there in 2000 at the time of the financial crash that Goldman Sachs helped cause which killed growth many more are you really the right person to be writing a book about growth given the association with Goldman Sachs i dont understand the connection the question is if you work at it institution youre part of the institution that its so much damage to the Global Economy and then you come in and said these are the solutions for growth the biggest hit to growth came from the banks and from Goldman Sachs you know what you know what youre exhibiting is a pure lack of understanding and how the Global Economy works. So let me just like let me if i mean its a little risk. For you know many governments not just this government in this country but also government in the United States is a good example of this they have a clear and stated policy of cold housing for this is a policy where they deliberately encourage everybody to own a house it doesnt matter what your income is and your ability this is your going to just go down and say im not to become was to blame. Were all to blame because we essentially many men have a special role to play i think to put a very simple question does Goldman Sachs have a special role to play the play to 5000000000. 00 for him and said we need institutions pay fines im trying to help you become a bit more educated in the severe. So to be understanding im not just saying that we all have taken responsibility and you want me to give you a one line only youre so nice only so much of a social responsibility you know theres no special responsibility ok lets go to the panel question. To join this very interesting discussion im joined by. The author of the production of money one of a handful of economists newspapers often reminded to correctly predict the financial crisis what do you when you see the arguments about the importance of growth as as as presented by them these are both here and in the book what you have. To be so you said government should be making formulating Public Policy policy requires boundaries capital hates Goldman Sachs hates these it wants to go where it wants to go where can it make the biggest profits and you are advocating essentially a globalized economy where wont matter where governments wont matter where Public Policy will not have an effect because markets will decide and i find that that that is a really deep hypocrisy in that youre trying youre on the one hand trying to blame governments on the other hand you are mostly in favor of markets making the most important decisions that affect millions of people across the world but yes id like to respond so what is absolutely clear is that i am a supporter of this idea of globalization the movement of trade in goods and Services Movement of capital but also the movement of people immigrant as an immigrant however however we know that what is defined in explained in textbooks does not actually happen in real life because Public Policy and imperatives and trade offs and real politic the fact that especially democratic governments want to win elections means that these things in the app. Apply in real life jamie whites with us whos a director of research at instead of Economic Affairs the i also a former new zealand politician and philosophy lecturer dave david after mr david out of one of britains great naturalists says anyone who thinks you can have infinite growth in a finite environment is either a madman or an economist with the. Internet of course not you cant have it but i really couldnt agree more with them this will be the era of globalization imperfect as it being has seeing. Billions of people lifted from poverty its really been the most astonishing period of success in Human History in 1840 percent of the worlds population lived on todays money 2. 00 a day or less today its about 8 percent i think and its coming down that is a fantastic achievement which we should be celebrating all these funny little i mean i find it astonishi