Worst is yet to yet to come do you think theyre right and how much worse can this get. Were obviously in a very deep crisis it is highly differentiated across the world and i think this is the most important point in the Asia Pacific Region the epidemic is getting under control the policies have been smart and effective in stopping the spread of the virus in china japan korea Australia New Zealand taiwan hong kong vietnam malaysia and so want in. Western europe and the United States the epidemic was not controlled effectively at all and in the us we have a complete mass because we have a. Failure of national leadership. Mass deaths. More than 110000 social unrest economic. Catastrophe and throughout most of the rest of the americas resilin for example. Back soko terrible terrible outcomes then the question is the rest of the world including russia including central asia including south asia including africa and the battle is on right now will it be more like the asia pacific experience of stopping the spread of the epidemic or will it be more like the experience in the americas of the epidemic being out of control and its a very difficult battle and its a very important question my point is this epidemic can be controlled but it requires very Strong Public Health measures it requires strong cooperation of the public it requires good leadership that is very clear on putting a priority on stopping the spread of the virus the reason i mention all of this is that if the epidemic continues as a disease the economies will not recover we will not have trade tourism the investments we will have cant kenya weighing very deep economic crisis and so really to my mind good economics right now means good public help stop this virus from spreading learn from asia see what they have done successfully get this applied in our own countries i only wish the United States were growing this way but im quite as a mystic unfortunately. Absolutely that is something his have done with his condemning them in their ways and. It was so difficult for everyone because it was something completely new no one had to answer is no and the professors now are of the doctors now of the president s no one knew how to deal with a was sealed honestly things about this and that way and the way to look its not going to be completely over in terms of the see his coverage and basket Case Scenario up every winter and were still talking about 2nd ways a certain relief we do contain and trying to minimize the damages from this disease from this damage with you want to see the end of a for another say 78 months what does it mean for the economy oh i think at a minimum its a half a year or 2 years even if there is a vaccine which would be very very good luck if it would take quite a bit of time to test it for safety you cant just have a vaccine that works on a test group and then say oh now were going to put it into the bodies of billions of people that would be completely reckless and so the truth of the matter is even though there is a lot of hope for back scenes coming early its not going to be the solution to the next wave the next wave of this epidemic good its going to be quite a long time between there is but before there is really an effective vaccine that is. Already given to a large number of the World Population so we have to fight this by Public Health means what is it that the east Asian Countries knew or figured out 1st they wear face masks very basic they dont transmit the virus to others they take precautions they are screened at the workplace if there is a fever go home they have quarantine facilities they are. Tacking has sting and tracing infected people in other words if you are with symptoms you get tested immediately if you are positive your close contacts in the family or at the workplace or in. Places that you visited are also quickly contacted and has did so these are standard procedures for fighting epidemics and they really should be applied everywhere urgently right now what it means for the World Economy is we are definitely going to have a significant disruption of the World Economy for a long time to come the truth is even if there were a solution to the virus we will not have a nice shaped recovery meaning that were going to bounce back anywhere near the rate that we have gone into a ditch to find people are not going to go back to normal practices were not going to get a construction boom anytime soon because we have more than empty Office Spaces everywhere people are going to stay home and work from home if they are in the kinds of work that allow for on line activities people are not going to be tourists traveling around the world at the same rates as before for an Oil Based Economy like russia the price of oil is going to be considerably lower for quite a long time than it was before for countries that depend on remittance income this is going to be depressed i dont believe in a quick recovery i believe in a prolonged crisis is being more likely and i think were going to need Global Cooperation for the recovery phase this is also very tricky because unfortunately the United States is trying to. Oppose cooperation its trying in the middle of all of this crisis to make a new cold war with china and that is a ridiculous thing to do but that is because unfortunately we have a very poor leadership in the United States which is creating so many problems inside the country add international closer say when this condemning hey. It was so good to see how everyone consolidate and countries yes their forces for mistaken care of their selves and their nations that they started changing data and they started changing the way to mediate and the mass and the medication and the doctors who are arriving from china to their information to their american to hear it was it to see that it will came together to combat this one to me and i am not a half and i just sat was very finger pointing and doing you are to place a you that i ask you today do you see when we say we need to come together to come out of this recession to see a 100 percent. Giving is possible lucas county or it looks like this or says temporary come together and now they were morally maybe even more fragmented than before well theres definitely forces of fragmentation that are in my view quite dangerous and there are needs for cooperation that are more urgent if you look at places that are doing badly and containing the epidemic they tend to be the places also with the kind of strong populist nationalism that are against cooperation in other areas as well look at the United States or resilin or other places where their leadership is already highly nationalistic. Really against lateral cooperation but not even making sense to keep its own citizens safe we should be looking for cooperative approaches we were not doing so even before cope and its not the us approach at least of the trumpet ministration which wants division rather than cooperation thats why trump called out of the paris climate agreement trump cold out of the Iran Nuclear Agreement trump told out of the World Health Organization a trump has launched a cold war against china because his whole strategy is divide. This is not a strategy that is really what we need for solving any of the major problems of the world today president he showed great great how her battle continued talking to jeff for sassafras of economics after the 2nd for Sustainable Development at Columbia University and seen here you know better now than what is in store for us many are suggesting with us. You cannot be both with the yeah you want. Less need less the oldest out of an hour when weve been imaging less of that solicit it was a propagandist you cross and its got its you heard from the regular morgue youre more your partner grooving to rock. My water source like you would get us lucifer mr delicious that im a guy that im just like we do but indeed it is not my achievement mr davies our 5 year of plans were conceived by the need and carried out by the people themselves if how they would produce or even flirted with the idea. Making a film like this theyd probably be branded as crazy. That was the sentiment during the war that the soviets were brave corroborative resisting god says thats going to change of course after the war but once the cold war begins. I believe people think that hollywood is a free place but hollywood is strictly defined by only one side of the business and the other side is ideology. How would i define hollywood is they call it the dream manufacture which i thinks true but i think equally its a propaganda factory. Join me every thursday on the alex salmond show and ill be speaking to guest of the world of politics sports business im show business ill see you then. And were back with Jeffrey Sachs investigator not just after the savages versus sandal development at Columbia University and seen here he had better than youre saying we need cooperation to get out of this crisis lets say things are deal i will call operate we still can go back to how things were going to be the new normal and he mentioned the common change a lot of people who are like you know this and and they actually showed that the climate at the time eightys 2 months of sitting at home and we can see the himalayan mountains that we were able to see for 30 years and we see the years in the streets of paris in the character say just recently as a team that has made him a he and bring them to his sleeve. We hear he has a yes answer to ask here is that the correct crash is given and has started to build a career in there economy of the future i mean something that really pushing away has a lesson like need a friend now she said because it has happened here anyways this is a perfect time to start a new habit of model news have economy futurity point but i want to know is it possible to friend who has to fight that sally out of the way of conducting a well its clear that we needed a new approach even before the pandemic thats why we reach to global agreements and 201511 the Sustainable Development goals of the 2nd the paris climate agreement these are very important new directions for a world to be safer on climate pollution and destruction of nature it says we need a sustainable approach for the world thats the problem was and remains that this requires the transition from a fossil fuel based world to a Renewable Energy world and the fossil fuel based countries russia is one of them the United States is another mexico is another saudi arabia is another australia is another were resisting the move from fossil fuels to Sustainable Energy because they said hey weve got fossil fuel resources this is our livelihood so. Yes code 19 has led to a dramatic drop of oil use oil prices plummeted theres a glut in the markets it was only when russia and saudi arabia cut the supplies the prices gone up a bit but the real issue is a more fundamental issue the real issue is whether the fossil fuel producing countries will work constructively. To develop Renewable Energy as the alternative because if the fossil fuel producing countries the gulf countries the United StatesCanada Australia russia and so forth continue to promote fossil fuels we dont make it transformation so i believe we should make the transformation its really important for Public Safety its important for a safe planet i think every country could cross or in a low Carbon Economy but there are a lot of strong interests that dont want that transformation. A lot of people have been coming to the conclusion that this new model of the company that we have now see have less is going to be like 22 days to ecommerce orientated and things said businesses feels that were starting to be poor and were supposed to be 10 different hears were very high and things are there are supposed to die off in 1020 years also died off in one night so they have ways to navigate was like an accelerator for the things that need to be a start and they said that he seemed to be actually left behind for both of. Them were thinking about this see anything of this sort of visual basic hunger stace economy to you know whats wrong with it i can actually well i think when you describe whats happening extremely well this was an incredible excel or and and ive spoken with so many businesses that have said you know we realized we could be 60 percent on line or 70 percent and we didnt know it before i spoke with a senior un Agency Official who said that there had been a lot of resistance to working online intel suddenly they say oh this works fine theres not a problem we can do this so i think we are going to see. A long term change coming from this short term crisis its pretty much across the economy its definitely in my sector of education after all the universities when i lived in a week ive been teaching for a long time but it was sometimes maybe it wasnt the best advocate shouldnt you be in the classroom but the truth is you can do a lot of very interesting selectable things are bringing in speakers for all over the world. Gauging in new ways of had a goatee which i personally like actually i think it adds. Content. And riches so if you think about it its in offices its it commerce its in governance it should be voting and registrations and Licensing Services online why stand in line in a Government Office when it can be done so conveniently on why its 8 payments its ethan and saying its easy education its health with kalon medicine not for everything but for quite a lot of what needs to be done so im in agreement with i like it because it could reduce wear and tear on us its not all or nothing an office is a good thing once a week maybe maybe twice a week to see colleagues and to socialize and to add that it bandage but every day in an office for work that one can do on line really doesnt make sense commuting is no fun for a lot of people why spend an hour each day going to and from an office with all of the physical resources the Carbon Emissions and so forth about in jails when you dont need to do so so i believe we could move to a world of more leisure thats cleaner bed is less wear and tear on the earth and on our bodies but theres one important point also that i think needs to be mentioned the way that this could work is. Either everybody gets some benefit from less commuting podmore leisure time saving money and so forth or we all end up basically working for just the big Cat Companies you know the biggest gainer of this epidemic has been jeffrey b. So a balance as ours isnt you was this idea that all those tax returns just say hey 50 percent repair wells his 6 years in the well people you know are going to be living at below par in line after this is over is still. Talk to me about that aspect salue we have a good asset that this could work up arrest if they you know if we all agree that we cant do this task based e. Commerce face economy as long as we dont end up all working for tax as to why you got this huge gap that has become given huge account where we see hilarious getting rich share people losing jobs and are going to be living under a party line system in and people have to this and to me and will we see that basically the disappearance of middle class how how does that play out obviously it wont play out well if it isnt addressed through Public Policy mr b. s ost today is with that worth of a 150000000000. 01 person. This is the 35000000000. 00 increase since the start of the year hes been a huge gainer at Mark Zuckerberg 10000000000. 00 on facebook his personal net worth im not talking about the company obviously a so this is ridiculous you know when you think that amazon basically pays no taxes it paid no tax at all for several years that it heinie amount in 2019. We cant go on this way what what kind of society were one individual as 150000000000. 00 of net worth and so many people suffering just to stay alive so we need a system of taxation we need a system of. Meeting basic needs of Health Care Education and so forth that costs money and that requires a redistribution of income from the Mega Mega Mega rich to the rest of society and we need to ensure that he will who have jobs have decent jobs a lot of people have gotten sick in amazon warehouses this spring thats not right a lot of people have gotten sick in doing the basic things to keep our society going during the pandemic and theyre the most marginalized course people and in the United States they dont even have health care much of the time because our societies unbelievably unfair its just money owned and operated and sobeys are things that are absolutely now on the agenda and if they werent on the agenda before they are on the agenda because theres protests all over america about the Racial Injustice but also about the economic injustice so i dont think that its going to stick this kind of inequality but it needs now to be. Channeled into actual policies to make the new kind of a condom a fair that everybody has the benefits of Education Health care basic social services that no one should have 150000000000. 00 i dont care how clever you are in inventing how clever an enterprise most of that should be taxed away because we dont function well in a society with such extraordinary income and wealth inequality and finances or do you feel like the governments general