Colorado arizona montana oregon utah and washington what were experiencing this year is simply without precedent the small town of malden in Eastern Washington was almost completely incinerated by a wind driven wildfire authorities are searching the rubble unsure whether all of the towns approximately 300. 00 residents made it out alive in medford oregon a fire swept through of mobile Home Community reducing it to a burned out health scape of an ash and twisted metal resident regina hill lost everything she owned. What youre wearing right now this. Powerful winds are spreading the oregon fires the governor invoked Emergency Powers to marshal more resources in california high winds are also fanning the flames 14000 firefighters are out on the front lines in california. Where 28 major fires have scorched over 100000 hectors tens of thousands of people have been evacuated from several of the largest fires in the States History a big fire in San Diego County is moving dangerously close to Populated Areas we have a Sleeping Giant that is in the back country California National guard helicopters flew hundreds of stranded campers and back country residents to safety relatives welcomed the rescued after an anxious night long wait it was through. That no crying but there will be tears the smoke and ash in the atmosphere cast a blow over San Francisco in an eerie orange light air quality in parts of the bay area was labeled hazardous whats behind the many conflagrations bone dry brush and trees following years of intermittent drought low humidity combined with a broadening heat wave in recent days and above all Holly Seasonal winds blowing down from the mountains provide a singular recipe for disaster robert oulds los angeles there are large fires in brazils amazon rainforest which have begun spreading into untouched areas during the 1st week of september more than 8000. 00 blazes were reported in the a 3rd of those are in areas that have not been recently cleared or being used as farmland where its easier to contain the spread is twice the number registered in the same period last year and thought to be a 10 year high the World Wildlife fund is warning of the devastating effect humans are having on the animal and plant life its global living planet index report shows wildlife populations have declined by 68 percent in the last 50 years it blames Climate Change and human activity which is led to a loss of habitat the w w f is edging people to make immediate drastic changes. Newly released audio recordings reveal u. S. President donald trump admitting he downplayed the threat from covert 19 in public even though he knew how contagious and deadly was in them trump says i want to always play it down referring to the outbreak the recordings are from interviews he gave the Journalist Bob Woodward early this year woodward is releasing a book next week trump says its another political hit show. Us secretary of state might pompei o has accused beijing of not respecting Democratic Values and urged nations to act against its influence in the region Foreign Ministers in the 10 nation block have been holding a delayed summit on line the u. S. China rivalry has dominated discussions along with the coronavirus pandemic. And fires are again burning close to a greek refugee camp that was all but destroyed by overnight blazes thousands of refugees have been left without shelter on less boss for months state of emergency has been declared. Well those were the headlines the news continues here on aljazeera after growing pains stage of us watching. The 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 route 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. 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 call marx 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 or might infinite growth actually be possible. The governments dont want us 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. I wonder what was going all what are they doing what what is this gross that has to appear in every political sense on sun 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. And 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 levels you didnt talk vax storm just. Called a guy who talks them style gets built out sucks them in spine and i see him in his eyes the audience votes outfox them and what is being though hes the politics fast senior from the axles to buddy them and up and and because of. The d. M. Z. Politique we can come on thats a. Bit of a fickle. Its a long as mention of the planet and keep to do with mizuho the box to win it how does faith in the one up in the above you just work off. Where does this unshakable belief in Economic Growth come from. Is it always been there. It is a dream part of human nature. It was through all dangers and imaginative use of mass production methods but there was a lot there was able to perform it was primarily to build more planes but all the United Nations put together to turn our ships at the rate of 200. 00 a month ships which carried over 3 of the armed 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 that off towards became the single most important policy number. Across the world it kind of symbolizes progress to us sort of says while things are getting bigger so they must be Getting Better that was the birth of 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 and the grace of the 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 ever 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. Playing 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 the limits of course became visible economically socially and ecologically. We do have some understanding about growth. 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 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 club of rome report sold 30000000 copies and became a global sensation. And yet soon this cause 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 us call those predictions turned out to be right and in many cases reality even surpassed the bleak predictions. As the cover for all 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 Breeders and finally the starving parents. Following that last. Misquoting of one point containing as is new on the nail your. Aesthetician on what audi zome given was a shall not approach government and i. Believe school fair but as the leader of being their god but on knowing that god is following us cie into all there is the south side as i am the ia wars or the dance of the fuzzy and the keep thing there. Were stamped their heads they are. In as good as a side is blue the g. Of us both them slide plimpton the mirror you meant them to mean by you. Must or numbers the last when you see a pick your cup down must own all dog and i was. A mark. Get but is there by god own could boss a. Good the sestak lucias ain been a fierce with who said im on you losing my. The 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. Irene 163. 00 as 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 courts. They pop. An endless sea of soybean fields enormous silos and slaughter houses through one of the largest regions in the world growth rates of up to 20 percent business. And the savage piece is 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 the right place to make new investments to make money. d you carol a good part exported to russia china and the nordic countries. Do you think any limits no limits discuss they 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 forces of chinas capitalist. These had been contained after world war 2 because there were hundreds possibility 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 cool 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 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 games and 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 co and one of the biggest players in the global Financial Markets. Its been fun filled 600000000 Oil Different from 400000000 leaving so see shown at 100000000 for the software c. E. O. In the lead so see shown 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 on base your pick your own invokes an arc to a little finzi a party for mukesh cotton and the same box to pot its a peon so buy spirit box and investments invest its own in it will be and in foster to investments in autobahn and when the tulio to take. The sun was more of a positive closed in in china therefore also a show although some kind of one of them both. In the developed markets in europe and us. They also know new trials to be seen which we could never knock to a finance if a few of whats in it. Does if you puts end to high fashion mission via still going to invest even the high sheen visteon as acts in the movie and its at the law. As a given in the token fini gun opining given me a in didnt try and then he can and then his facts to mean decent and none mukesh who will have to knock and. I defend it and thats after his sister to mislead trick is to stop it going to push it into over the toilet i never was an invoice spent 9 as ish miche to me id have it torn effects from the forced. Thank you sandy 6 a gothic anointed aiyana will miss he felt he could think. Up the sox to a could all kiss 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 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 get 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. A Society Without growth probably wont work at all. Not for long. It will be jerry 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 kept us today Financial Markets not governments determine their we