CCTV.com - CNTV English - CCTV News

Dialogue 12/01/2012 Is capitalism in crisis?

12-02-2012 05:46 BJT

The debt crisis of Euro Zone and the faltering US economy are seriously rocking the boat of western capitalism. High unemployment and low confidence started to undermine the credit rating of those conservative and liberal governments in the west. The rise of far-right movement in Europe also deters the tidal waves of immigration from developing countries to industrial nations where democratic changes and the old welfare program are weakening the competitiveness of the economies. Is western capitalism in crisis? Can eastern diversity and dynamics replace the floor of western capitalism and dominance?

Host: Yang Rui

Yang Rui

Studio Guest:

Prof. Michel Chossudovsky, University of Ottawa

 

Editor:James |Source: CCTV.com

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program