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tv   [untitled]    November 11, 2011 5:30pm-6:00pm EST

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for a little bit algis you split. the sun. come up. the same. cultures the same much i was among the feeling the life in the muslim really i was told is china and the inner is the world undergoes massive economic and geopolitical shifts and as the world changes will china take on the greater. emissions. couldn't take three cars for charges three. three. three. three. the old city block canceling videos for your media projects and free media don carty dot com.
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more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. shut for asians are the day the slums.
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keeping. a low income came across our computer a little china is maneuvering our chinese fortunes faring during the global financial crisis and the eurozone fiasco political uncertainty in the u.s.
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and the arab spring is china and the gainer is the world undergoes massive economic and geopolitical ships and as the world changes china take on a greater leadership role. to cross our china's growing influence i'm joined by greg audrey in irvine he's an entrepreneur and co-author of death by china in miami we have already shankar he has to ford motor company chair in global business management i don't hire state university and in beijing we cross to doris nesbitt she's the director of the nesbitt china instead of right folks you have difference of points of view on this and i want you to show my viewers ok but first marcia people say that china is set to save the world i don't know about that but there is little doubt that over the last decade asia and china specifically has been steadily moving to the floor of the global economy and in the wake of the two thousand and eight credit crunch would shatter the western financial crisis and triggered europe's own sovereign
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debt crisis experts say china's role and power in global affairs is more palpable than ever growing economic might is reflected in recent talk over beijing's the passageway to contribute to the hero zones bailout funds the decision has not been finalized the european leaders and the i.m.f. have all welcomed the prospect of an investment which could arrange the truth fifty and a hundred billion dollars. i believe the resolution for european debt is very important to the stability of finance trade and economy. if china doesn't check cashing into the eurozone it would mark an unprecedented shift in global power dynamics and make china a financial power on par with the u.s. but this wouldn't be the first time that the two countries jousted for a while now the u.s. has laid claims that china is under valuing its currency they continue to try to game the system to their advantage and our disadvantage so i think it's appropriate and fitting and timely for us to be standing up and saying this is this is not
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acceptable ultimately however saving the eurozone and the u.s. is in china's own economic interests meanwhile economists are already warning of contagion thread if the crisis unravels and some have pointed to the country's slow growth as a sign of the spillover effect concerns that beijing has dismissed. if you intend on our own new location is that you know who owns it is safe to say that the national economy is generally on the right track and is benefiting from our macro control policies on the domestic front china's been further tightening the screws on internet freedom whether it's a sign of its internal vulnerability in the world by popular uprisings is unclear but history is a media conference last week and it was a whole slew of measures aimed at stopping what the chinese call the spread of harmful information but irrespective seems like it's going to go its way well let's talk about which way it's going to go aaron oden in miami if i go to you first year i mean what's most topical right now is well whether the chinese will bail out the
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europeans bailout for your euro zone i usually do but when they get out of it well first of all i think. you know the rise of china has been. you know unfolding fairly fairly quickly. my book the chinese century you know about six seven years ago i you know i predicted that china would become world's largest economy in twenty twenty five and we are mid-way through there through the process so this is not entirely unpredictable i mean you know we have both the united states and europe that are really mired in mountain of that there are only two countries out there that have the resources to help them out one is japan which is also somewhat reluctant global player with a lot of the west and you choose to solve a and then of course china you know your . mountain of trillions of reserves were. sinking deeper into debt hole this was i think you know quite predictable ok
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great if i can go to you in irvine and the chinese have been very hesitant because they see that the europeans just can't get their house in order they've created such a mess of their economies with this debt crisis here why would the chinese want to get in there and it will see the euro feel half year from now. you know first of all we've got to be clear when the chinese loan money to america or to europe it's not because they would like it's merely to gain political advantage you know for which are economic exploitation like every other country there's a moral reason it is a different than other countries do i mean every country goes after self interest right and geopolitical interest as well. no where near is cutting and strategic as china does and we've got to be clear that finding our moral hazard in keeping us behaving badly either in europe or the united states is not in china's long term best interest it's. china want to see the west continue to harm itself doris you
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want to jump in there go right ahead. yes i was just trying to say was sets the measure i mean who decides what's good and behavior you know i think we're at a point where the west has to think who decides what's good and bad are we really in the position given all the problems we have just talked to china and say what we decide this court and what we think is good and what you would do is i think that the approach which is much more would be what can we do to kiev that will solve the problems ok greg you want to reply to that do you think that the who decides to measure very good question yeah well you know the. moral equivalency arguments really interesting and so you come to face somebody who is truly evil we went through this whole same argument in the 1930's don't criticize the germans a lot of american companies went over there and set up business and said it's not
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our position so you're equating creating therefore if you're equating china of today to nazi germany of the one nine hundred thirty s. . absolutely although i think you know in china somewhere worse as far as well i'm a scale in the level of censorship that's happening internally but clearly the repression they put on there right now it's an honest rest of the world put together are you saying i object absolute objective moral values and it's going to do it in miami go ahead. no no i dream of the object i mean i wouldn't you know equate the two together you know and i think germany is on a completely different level i mean you know a country that has been probably the worst atrocity that we have witnessed i mean human civilization so with all respect i mean i would not put china out there which i discovered is perceived and i think it is all any other totalitarian regime in history doris you want to reply to that here. and you are scared you have so little
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to me. here now you open your poor car mr park we were squatting. mach two cannon square that was in one thousand eight hundred nine i don't know when you have been to china for the last time and i don't know what how many times you weeks ago you have been talking you know we have up we you can either place expression or stand us in mainland china and not and not go well. you know we are in china right now and we have been talking last weekend with people of chengdu where they really try and work on the integration to get people into an economic growth to rural population. the young people are growing with each other via internet it's not that there is no communication. internet certainly can be called the second party in china and it's certainly certain things
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are regulated that's without doubt but china is in the process of establishing each own way of running the country ok call greg a true extreme point i mean if the chinese china is a very good interview if i can hear james here for a commuter jet or i meet each in the last chinese criticize because it is not in line with the washington consensus if i can use that term here china is a rising power the west is enduring steadily gets little steadily. lighning ok i mean so it really is the west has to adjust itself to a rising china and india with its own relative decline would you agree with that the same argument was made about the declining british empire at the beginning of the twentieth century and how the new way it was the soviet union and the fascist states in europe. so countries that are willing to exploit their people to any level are always able to achieve quick turnaround so we saw that really we saw that in germany we saw the beginning of the soviet union it's not sustainable but that's
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how they do i really i mean i've seen the people standing behind the rear of an ox with a wooden plow while the party members in shanghai in the business people in shanghai in moscow party like there's no tomorrow i've seen little children who are going to die because of lack of a five thousand dollars surgery because their health care system is an absolute joke if you want to jump in there go ahead in miami yeah yeah yeah yeah i mean i mean first first before i mean again and i want to say in you know very very clear clear fresh air yeah these no question do you know a chinese is a bed regime as far as as moralities is concerned to put it at the same level as a regime that is old and eyes and ears of entire people you know because of their you know religion or otherwise you know clean nation. they've all gone wrong having said that having said that you called even though. i finished it in jail or disappeared don't you go ahead and finish up in miami go ahead yeah i don't
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think you can equate it with close to training camp i'm very sorry i think you're entirely wrong but let me finish my point having said that these no question that china is going to extract a heavy price for any but the c.p.a. shares in a bailout my own view is that we're going to do it in a more this way but there will be a lot of strings attached of course i do not buy the voices coming out of the e.u. the united states would not be any strings attached it would be a lot of string of patch but again he's in the the in china's interest their main markets the euro and the u.s. remain able to buy you know a chinese product i don't think it is. question about that ok greg i want to ask you a question i mean what china has benefited so much from the current economic order in the world right now i mean they're going to still continue to work as
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a partner is doris tried to point out you want to demonize them into an enemy but it's in their own interest to keep the order going the way it is. exactly the way that it's an interested drug dealer housing his customer being able to continue to buy products that are doing them economic hard sustaining europe's bad behavior sustaining america's bad behaviors like that or is not ok on this one we're going to go short break and we've got a lot more of this on the last day and after that short break we'll continue our discussion on china's state authority. in canada and the us that it is legal for you to use a bubble bath your baby it contains a known carcinogen something that causes cancer most of the parents is not put into
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print they are supposed to and i think in this day and most of this guy they don't claim it's a conflict of interest today an average cancer drug prescription costs nearly one thousand six hundred dollars a month oh my god i'm a nobody with cancer in my time and therefore i protect folks because the nature of ninety five percent of cancers hurt people with health funding history of cancer the pharmaceutical industry spends about fourteen percent of their budget on research and development and about thirty one percent for marketing in a ministration. in fact there are more pharmaceutical industry lobbyists in washington d.c. and members of congress. to. a very warm welcome to you this is your news today protesters on the walls. they
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have. ladies and gents a good chance to try to get a glimpse at the status of the huge experiment to. see with business rap music would expose the absolutely trysts sense of the local economy and it's all changelings us financial tips. to maintain our confidence in markets and. wants to be seen trade imbalances recession look to keep the nation's close to collapsing the subprime loans close. to fail so we played the second syllable thing as us crash seven and smashed it seems just like the cars in the streets beyond the trail just programs increase the total economy. the economic system. the
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book. welcome back to cross talk a little about the true mind you were discussing chinese things precinct our. mother can. see the be. ok doris i know you want to jump in right here out and you want to react to what dr greg said i did before the break so go right ahead. yeah i think we have one common ground and that is that china has. pointed out millions hundreds of millions of people out of paul the key to a relatively modest wealth i think you know the finishing of human rights includes in china that people have something to eat that people have a hope that people have a future and in charge in china which is
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a very emotional. moment as we can see when we are here when we listen to what we have to say. you have to consider we have china came from where it started and if you look around china we're not only in sickness like beijing or shanghai we are on the countryside and if you see the children of parents who can not to eat having the ability. that often to visit the school to afghanistan to learning so that they're all to look for life has increased and improved dramatically you know you cannot always see look at china and say ok you cannot always throw the government clearly you cannot all of us for the problem but life is not the only content in overthrowing governments life is that you can fulfill your dreams that you can create a child that you can well create a family all of this is very much in the needs of the chinese people and they
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have more and more of it. yeah ok i get there but i don't want to hear the story that china has communist government has raised two hundred million people out of poverty they didn't raise anybody out of poverty hard working intelligent chinese people raise their selves out of poverty where the boot lifted just a little bit and cheering for the chinese government in this way is like sharing the last horse in the kentucky derby japan korea taiwan singapore thailand all these are very asian nations. pulled themselves up way before chided the only thing the chinese government did was hold its people back longer so that they could be the very last people to achieve that sort of lifestyle it's a tragedy it isn't going to think if i don't even have to find out of miami here i mean i think most reason people would say the chinese have done a pretty good job with the economic policy at least they're not in my mind in dead like their competitors in the european union the united states i mean they've
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certainly done some some very positive things now you could say also with their foreign economic policy they're just only interest in self interest they don't have all the baggage that the west has about humanitarian interventions and all these other things mean the chinese should go on their own way i mean there's something to be said about that right right i mean for that and i think. you're going to. go to miami greg greg. i hope you will be brought to the hague that has nothing to do with it i mean we're told by china china you know they're going to is always more complex than the excuse me the picture is always more complex than the one sided argument that they hear here on on both sides yes does this cheney's leadership have caused suitability of men i don't think there's any question about it when you're talking about you know literacy and the like is there a heavy very heavy price being paid by individuals because
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of the policies of you know more than these asian and economic growth and no question about it i mean i can give you a very specific example of myself about trade off you know a child with cancer each child and things that are not being taken care of and so forth these no question about that as well the reality is is always much more complex than it seems. you want to see a democracy in china eventually. of course yes. can it happen it was will it happen it was i am not so sure i want to remind everyone did it with the exception of play one there was really no precedent of. a democratic chinese society u.k. intimate things such that i saw one of them or that i heard it eventually of course ok great i mean it was me why should we assume if i go back to grade here in irvine
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and i should be china were to go down the world the path of democratization is we all would understand it why would it have to be a western liberal model can't they have a model that is more representative of their society and values go ahead. i didn't say that i just say we need a model that doesn't involve killing a lot of people locking them up in jails because of their religious beliefs and them intentionally exploiting the weaknesses of the western governments in order to bring them down faster my concern which side is internal behavior in this conversation is mostly to say to you i prefer if they treat their own people this way why would you expect them to treat you fairly and in economic or business contractual relationship and they don't they're systemic cheaters and liars ok i do receive a very strong. critique of china there how do you react to that i know we lost you for a second so. we respond to what you did here ok well you know i think that one can prove anything and everything if you look at
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a certain point if you choose certain points looking at the us the picture can be very grim why it can be very bright so there can be thing said about china which are not bright and there are things that are very good but consider one thing china is only thirty years. into reform and opening up where was the us years after the constitution was written where was the us only more than a walking years ago when the blacks were still. oh come on. if china was here he could tell you first have first hand all the riots were against the facts how he was taking share in citizens because perplexed couldn't take go to a restaurant so you know the point is we are not i am not here to defend the government but i want to say what we observe and what we observe is that china is
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on the path and it has done a very poor trawl it has its flaws there are lots of things fred has to improve including the environment corruption the freedom of speech concerning the government of course nobody would deny that but. you cannot only look at one side and you can take everything that's possible if you do that with the u.s.o. with your daughters they're going to want to make sure they're well greg you want to reply to that because i'd like to talk about your point i'd also like to talk about chuck in china taking more responsibility on the global stage because it is the second largest economy in the world and will surpass the united states soon but it's still not flexing its diplomatic and political responsibilities i would say commensurate with the size do you think about that yeah well let me just first of all say the key to being able to improve yourself over time is freedom of speech criticism and so yes the u.s. is committed some terrible sense at home and around the world but the thing that's important is that we had made it we publicly flogged ourselves for it and we try to
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prove the chinese government's incapable of doing that now regarding their position around the world they are very cautious and i think the key thing everybody needs to understand is that in china. politics lead economics as opposed to in europe united states where the goal of politics is try to achieve a better economic state for the people in china the goal of economics is to keep the chinese communist party in power and that's why they allow improvement because they care about those kids out in you know province it's only because they want the boys to beijing to stay in power ok or do you think that it's really very sad actually they're not really really sunshine is self interest it's the self interest of the communist party this is what we just heard. then of for once i'm sure all over. the system go ahead to a different question here first of all eat so happens that in the eighty's the interest of their communist regime to provide economic prosperity i don't think there is any question about it. it happens to be good for the country i mean to
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a great extent so the fact that these two objectives are those who spend you know is something that we should do we should keep in mind of course the regime would like to stay in power of course it's a regime for weak economic prosperity is even more important for any other regime and they have of the last piece on paying their kids creates a lot of good for the chinese people as well so that we need to keep in mind going back to your earlier question yes china is a reluctant player on a global scene and other reasons because it has a relatively new clear on global scene and they're all bit between play a remains to be seen what we've heard so far with china ease against the so-called u.s. exit money what we have all deserve so far is that china is unfortunately willing to engage with a lot of bad regime that each should not engage but all in all it's still
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a fairly reluctant player and may i say that one reason why china is hesitant about providing more. the european union is really put back at home and here are increasingly concerned there you know chinese resources will go down. sinking a hole and the money will never be seen again ok go to frankly if there is another historical precedent out there was of an emerging power that the international community the international architecture didn't accept very well and that was germany at the end of the nineteenth and beginning twentieth century do you see that we've learned any lessons there because china is coming up very very fast and particularly as the economic global crisis is affecting the west the most i mean this is a time for china it's an opportunity for china but also there are they still can remain hesitant and really stepping up on the stage a lot more when the world really needs more leadership. well but does the world
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allow try not to take pocket as as apocryphal global community i mean just listen to what happened it has been said during this show it has been offended. and and at the same time people say well why don't they tap a bigger share well china will take its share and it has its growing and has its also maturing in its system it's on the global communique wrote it will grow but it's sort of flying against very heavy headwinds because everybody tells you how terrible you are and on the other hand come sialic lobo response ability of us you wish we don't want to give you because you're not trustworthy so you know if you can offer on one time say you're not worth having responsive and you're saying you very much elaine with we've run out of time we've run out of time here we'll find out later if china will save the world many thanks to i guess today in miami irvine
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and in beijing i think sure he was there watching it here archy see you next time member crosstalk.

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