luce chief u.s. commentator for the financial times and standard of beauty c.e.o. of beyond global in new york thank you all so much for being with me today before we get to the bottom line let's go back to new york there is the u.s. national debt clock that we saw at the beginning of the show notice any difference it's not precise but more than $70000000.00 in debt was added in half an hour and for now none of that makes a difference according to our experts so what does matter government debt that cripples new investment trade wars that slow growth inequality were just a few dozen 1000000000 billionaires hold more wealth than 3 and a half 1000000000 people and tech companies that today are more powerful than governments fear is replacing trust in the world and that may cause future earthquakes shaking up the global economy creating a less mighty dollar and changing america's place in the world and that's the bottom line. capturing a moment in time. snapshots of all the lives. of the stories. provid

journalist meanwhile edward luce who has specialized in reporting on india tweeted this he said a system that can arrest and detain guha gandhi's biographer for peacefully purposefully protesting to uphold its constitution is not a liberal democracy he called on people to quote stand with raul. well here's a check now here's a check now of some of the global headlines at this hour olivia's attorney general has issued an arrest warrant for former president evo morales the new government has accused him of sedition and terrorism the left wing leader fled bolivia last month after the country's military pressured him out over a disputed presidential election rallies to announce the arrest order as illegal. spanish police have clashed with protesters outside a football match between our sloma and ryall madrid the protesters you see them there outside the stadium in barcelona trying to draw attention to the catalonian separatist movement during the goalless match it was watched by 650000000 people worldwide. or russian president vladimir putin is giving his annual marathon end of the year news

tyler cowen is joined in conversation by edward luce, national editor for new york times and author of the retreat of western liberalism. join me in welcoming tyler cowen and edward loose. >> thank you very much. and not a neutral, impersonal -- we have been friends for many years. i can confidently say tyler is not just an example of disagreeing without being disagreeable but disagreeing without being disagreeable and being far more knowledgeable at the end of it. we do agree on something that i will get into productivity but let me emphasize tyler's fraternity. we had a great stagnation. and averages -- a remarkable book, we had the completion of this. >> high-speed this weekend. but anyway, that is another purpose. one thing i will say, tyler is unusual, most economists wait for the data, they wait for data. when the data comes in they torture it sufficiently until it confesses whatever case that is. tyler cowen has as many books on history as he does on economics. i know a lot of economists, for the intuitive tyler this evening. let's start by imagining a town called 20th-centuryvi

national editor at the financial times edward luce is with us this morning. >> ed, i'm sorry i'm just talking too much about the british elections last week, drove mika absolutely crazy. give aus a quick 30 seconds on what the political earthquake meant last week and what you, someone who covers british and american politics, what you think it means for american politics moving forward. >> well, the working class in britain have moved to the conservative party. they might have temporary moved there and lent their vote to boris johnson, but it is an earthquake in the sense that the post dust industrial classes are voting for them. this shows that the voters in 2016, blue collar workers, it's a transatlantic trend that's quite profound and might prove to be enduring through 2020. the other thing is that the left having lost the worst defeat since 1935, since before my parents were born, jeremy corbyn is now essentially trying to rig the leadership election to replace him by narrowing it down to candidates who share his fairly secretariat view of the world. it doesn't all go out in terms