Browse content similar to 04/01/2018. Check below for episodes and series from the same categories and more!
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The playground has always been
a judgemental space... | 0:00:05 | 0:00:09 | |
But there's no playground
more judgemental than | 0:00:09 | 0:00:10 | |
that of social media. | 0:00:10 | 0:00:16 | |
What does getting a like mean? You
get popular. Popularity. You know | 0:00:16 | 0:00:23 | |
people like me. | 0:00:23 | 0:00:26 | |
It's hard enough for adults
to navigate their way | 0:00:26 | 0:00:28 | |
through the world of social media -
so feel for the children | 0:00:28 | 0:00:31 | |
who have to learn the do's
and don'ts for themselves. | 0:00:31 | 0:00:34 | |
England's Children Commissioner
thinks they need guidance. | 0:00:34 | 0:00:36 | |
We'll ask what parents
and schools can do to help, | 0:00:36 | 0:00:38 | |
and what damage is done
if they don't. | 0:00:38 | 0:00:40 | |
Would you be more likely to invest
in a furniture manufacturer | 0:00:40 | 0:00:44 | |
if they put the word "blockchain"
in their name and said | 0:00:44 | 0:00:47 | |
they were now getting
into the crypto-currency business? | 0:00:47 | 0:00:49 | |
Yes? | 0:00:49 | 0:00:53 | |
You're not alone. | 0:00:53 | 0:00:54 | |
It's all the rage. | 0:00:54 | 0:00:55 | |
We have a psychology professor
to help analyse your problem. | 0:00:55 | 0:00:57 | |
And activist power. | 0:00:57 | 0:00:59 | |
A new study tells us
what the members of | 0:00:59 | 0:01:01 | |
political parties think. | 0:01:01 | 0:01:02 | |
And, yes, they do think. | 0:01:02 | 0:01:04 | |
But are they exerting too much power
over parties that are really meant | 0:01:04 | 0:01:07 | |
to be accountable to the people? | 0:01:07 | 0:01:14 | |
Hello. | 0:01:18 | 0:01:19 | |
We've all met adults
who are worryingly addicted | 0:01:19 | 0:01:21 | |
to social media and the sense
of self worth it gives them. | 0:01:21 | 0:01:24 | |
So how much more concerned should
we be, when it comes to children? | 0:01:24 | 0:01:27 | |
Well, the Children's Commissioner
for England, Anne Longfield, | 0:01:27 | 0:01:31 | |
is very worried about those leaving
primary school, who end up craving | 0:01:31 | 0:01:34 | |
acceptance via likes
and positive comments on line. | 0:01:34 | 0:01:40 | |
Publishing a study on social media
use of 8 to 12-year-olds, | 0:01:40 | 0:01:42 | |
she concludes that schools need
to help the pre-teens prepare | 0:01:42 | 0:01:46 | |
for the emotional assaults
they will endure on social media | 0:01:46 | 0:01:49 | |
when they are in secondary school. | 0:01:49 | 0:01:53 | |
Enormous change in the use of social
media from something that is fun | 0:01:53 | 0:01:57 | |
and friendly and part of family life
when they're | 0:01:57 | 0:01:59 | |
younger, to an absolute cliff edge
when 13 go to secondary school - | 0:01:59 | 0:02:04 | |
which we know is one
of the most pressured times | 0:02:04 | 0:02:07 | |
for children when they
start to learn what the new | 0:02:07 | 0:02:09 | |
environment is about, where they
have an avalanche of | 0:02:09 | 0:02:11 | |
pressure from social media. | 0:02:11 | 0:02:12 | |
Suddenly, the whole new peer group
has a phone in their hand | 0:02:12 | 0:02:22 | |
and has access to social
media as part of that. | 0:02:23 | 0:02:26 | |
She thinks parents need
guidance too, by the way. | 0:02:26 | 0:02:28 | |
But before we talk about how
to best help young people | 0:02:28 | 0:02:31 | |
navigate social media,
let's hear from them. | 0:02:31 | 0:02:32 | |
We sent Katie Razzall to a girl's
state secondary school | 0:02:32 | 0:02:35 | |
in south London today. | 0:02:35 | 0:02:38 | |
She talked to some eleven and
12-year-olds. Their school has a ban | 0:02:38 | 0:02:46 | |
on phones, but for a conversation
about phones and what these students | 0:02:46 | 0:02:50 | |
do with them, the rules quite fairly
went out of the window. Does | 0:02:50 | 0:02:56 | |
everyone in your class have a smart
phone? Yes. I got it when I was 10, | 0:02:56 | 0:03:03 | |
because my mum thinks I'm sensible.
As I got into year six I started | 0:03:03 | 0:03:10 | |
having Instagram and things like
that and yeah... Lie did you want | 0:03:10 | 0:03:13 | |
them? I think it is because everyone
else had it and it is not like, it | 0:03:13 | 0:03:19 | |
is at school I want it. You're
supposed to be 13 to have them? Yes. | 0:03:19 | 0:03:27 | |
It makes people our age feel under
pressure, because you know you're | 0:03:30 | 0:03:35 | |
supposed to have this thing and your
parents say you can't and it is over | 0:03:35 | 0:03:38 | |
and over again like a cycle, should
I get it? Other people have Facebook | 0:03:38 | 0:03:48 | |
and Instagram. Some people that you
have got to be like them and do | 0:03:48 | 0:03:52 | |
everything they do and if you don't
have something, people aren't going | 0:03:52 | 0:03:57 | |
to like you. I had music in my
phone, because I thought it would be | 0:03:57 | 0:04:02 | |
fun. Then I found out that all the
stalkers and all the other people | 0:04:02 | 0:04:07 | |
that are not really good. So I just,
my mum told me to take it off. I | 0:04:07 | 0:04:12 | |
spend about... Six to seven hours on
my phone. Every day? It just depends | 0:04:12 | 0:04:21 | |
on what I'm doing every day. Used to
spend a lot of time on my phone, now | 0:04:21 | 0:04:27 | |
I spend kind of enough. What is
that? Four or five hours a day. But | 0:04:27 | 0:04:35 | |
I'm also on games. I don't spend
much time on my phone, because I do | 0:04:35 | 0:04:44 | |
things like learning Japanese
because of some obvious reasons. | 0:04:44 | 0:04:48 | |
What does getting a like mean? You
get popular? People appreciate me. I | 0:04:51 | 0:05:06 | |
don't have the social media that
gets me like, but my friends care | 0:05:06 | 0:05:10 | |
about getting likes. When I observe
my friend getting them likes, they | 0:05:10 | 0:05:20 | |
go, like they have won the lottery,
like I got a like. And for them it | 0:05:20 | 0:05:27 | |
means the whole world. Do you think
it can be damaging to people? Yeah, | 0:05:27 | 0:05:33 | |
because for example Instagram it is
something like the perfect image and | 0:05:33 | 0:05:37 | |
the perfect body and people can
change that and start to not eat | 0:05:37 | 0:05:41 | |
anything or start to change the way
they look or you know do things | 0:05:41 | 0:05:47 | |
without their parents knowing. Yeah,
it is damaging. | 0:05:47 | 0:05:50 | |
Do people worry about being rejected
if they're not part of something | 0:05:59 | 0:06:04 | |
online? Yes. It depends who it is.
Some feel if I don't get added to | 0:06:04 | 0:06:14 | |
this group, then you're not part of
anything and you feel like excluded | 0:06:14 | 0:06:18 | |
from everyone. People go out of
their way to try and make themselves | 0:06:18 | 0:06:23 | |
look like the perfect image. They
have seen someone like a celebrity | 0:06:23 | 0:06:29 | |
and they're, like, they're perfect.
So they try to make themselves look | 0:06:29 | 0:06:32 | |
like them in speech or in appearance
or even in personality. Sometimes | 0:06:32 | 0:06:39 | |
two people are having an argument
and loads of people go on one side | 0:06:39 | 0:06:45 | |
and the other person feels bad. And
they get upset and people add them | 0:06:45 | 0:06:53 | |
back to torment them. People believe
people, like they say, oh, you're | 0:06:53 | 0:06:59 | |
not good enough. And yeah, that is
what they say. Online? Yeah. How | 0:06:59 | 0:07:05 | |
does that make people feel? Sad.
Views from one school there. | 0:07:05 | 0:07:14 | |
Now, I am joined by head teacher
of Passmores Academy Vic Goddard, | 0:07:14 | 0:07:17 | |
author Shannon Kyle,
and Carina Maggar who is choosing to | 0:07:17 | 0:07:19 | |
take a step back from social media. | 0:07:19 | 0:07:25 | |
I want to ask each of you, if I put
a button here and if you pushed that | 0:07:25 | 0:07:32 | |
button all social media disappears
and is eradicated from everyone | 0:07:32 | 0:07:38 | |
under 16 would you push the butt snn
Yes. Why would you do that? Because | 0:07:38 | 0:07:45 | |
it has so many negative effects and
it is so time consuming on their | 0:07:45 | 0:07:51 | |
daily lives. So much time is spend
on their phone. They can keep the | 0:07:51 | 0:07:56 | |
internet and look things up, just
the social media. I would push it as | 0:07:56 | 0:08:01 | |
well. Yes? Definitely. I think the
ability to communicate orally is | 0:08:01 | 0:08:09 | |
affected by the fact is that they
communicate in that way and I think | 0:08:09 | 0:08:15 | |
it will limit their life chances.
You can have both, but that takes | 0:08:15 | 0:08:18 | |
parenting and balance. We have heard
one pupil in that saying, six hours | 0:08:18 | 0:08:23 | |
a day on the phone. That is
ridiculous. Do you come across that | 0:08:23 | 0:08:28 | |
that? Yes. If I ask a pupil where
their school planner is they can't | 0:08:28 | 0:08:35 | |
find it but they know where their
phone it. I believe it can be a | 0:08:35 | 0:08:40 | |
force for good and I think that
there is a lot of hysteria around | 0:08:40 | 0:08:44 | |
this that is unnecessary. It is like
in the 1960s when our grandparents' | 0:08:44 | 0:08:52 | |
generation were worried and the
coffee shops and it was just | 0:08:52 | 0:08:56 | |
something for young people and I
think that it can do a force for | 0:08:56 | 0:08:59 | |
good. They can make friends and get
advice that they wouldn't otherwise | 0:08:59 | 0:09:05 | |
get. Of course, it can be a bit of a
beast and it needs containing and | 0:09:05 | 0:09:12 | |
using responsibly, but ultimately it
is a fantastic thing. When I was a | 0:09:12 | 0:09:16 | |
teenager in the nineties I was stuck
in my bedroom thumbing through old | 0:09:16 | 0:09:23 | |
copies of Just 17. I'm struck by if
kids are not being cruel this way, | 0:09:23 | 0:09:29 | |
they're going to be cruel in another
method. Maybe we worry about the | 0:09:29 | 0:09:33 | |
vehicle. It is control. Where is my
child at its safest? In my house. If | 0:09:33 | 0:09:40 | |
my son's in my house he is safe. Not
any more. He is not safe in my | 0:09:40 | 0:09:45 | |
house. If I don't know what he is
on, what social media, we have got | 0:09:45 | 0:09:51 | |
to translate social media into the
real world, would you allow a | 0:09:51 | 0:09:55 | |
stranger to walk into your child's
bedroom? No. That is not good | 0:09:55 | 0:09:59 | |
enough. Would you like a stranger to
walk up to your child in a park? No. | 0:09:59 | 0:10:05 | |
It is about good parenting. Kit be a
superaccelerator of problems, | 0:10:05 | 0:10:13 | |
children can bully each other, they
always have, but it can be | 0:10:13 | 0:10:21 | |
particularly aggressively magnified
when there is this power of | 0:10:21 | 0:10:26 | |
communication. Is that not a
problem? Of course it is. I wouldn't | 0:10:26 | 0:10:29 | |
deny for a second that it was. But
at the end of the day, on social | 0:10:29 | 0:10:35 | |
media, you can block somebody. If
you're getting bullied in the school | 0:10:35 | 0:10:40 | |
ground, you have to see them. And if
you educate your children to | 0:10:40 | 0:10:46 | |
actually acknowledge when this is
happening, when something's out of | 0:10:46 | 0:10:51 | |
order, you can get them to do it. Do
you buy that? I find it so difficult | 0:10:51 | 0:10:57 | |
to answer that question. It is about
educating your kids and about | 0:10:57 | 0:11:01 | |
knowing... I would worry that
putting up a selfie and a kid | 0:11:01 | 0:11:10 | |
receiving ten likes will feel ugly
and insecure and it is about | 0:11:10 | 0:11:14 | |
educating your children about the
things they should be sharing | 0:11:14 | 0:11:17 | |
online. Let's talk about how we make
it better. We haven't got the | 0:11:17 | 0:11:22 | |
button, we just have to make the
best of what exists. You have writ | 0:11:22 | 0:11:27 | |
an letter to your parents. Bizarrely
today. It had nothing to do with | 0:11:27 | 0:11:34 | |
this. You have rules, you let them
bring phones in. You could say no | 0:11:34 | 0:11:39 | |
phones. Schools do. When you speak
to the parents of the children in | 0:11:39 | 0:11:46 | |
the school, because some work in my
school and they go they have never | 0:11:46 | 0:11:50 | |
handed their phone in once. The the
school has achieved that the phone | 0:11:50 | 0:11:56 | |
is not disturbing learning. Some say
you have to hand it in. I haven't | 0:11:56 | 0:12:02 | |
got one today, Sir. Of course you
haven't. For me, it is about as a | 0:12:02 | 0:12:07 | |
parent giving them a space where it
is monitored. Getting them to | 0:12:07 | 0:12:11 | |
understand having a phone is a
privilege, not a right. I have given | 0:12:11 | 0:12:15 | |
them that phone and there comes
responsibility for their behaviour | 0:12:15 | 0:12:18 | |
and how they deal with each other.
Charging stations in your house no, | 0:12:18 | 0:12:22 | |
phone in the bedroom. Before you go
to bed, the phone is charged here. | 0:12:22 | 0:12:26 | |
You have a night's sleep. The
fear... Of missing out. What with | 0:12:26 | 0:12:33 | |
your daughter, do you let her keep
the phone with her by the bed at | 0:12:33 | 0:12:37 | |
night? She is 16 now, I would defy
any parent after the age of 14 or 15 | 0:12:37 | 0:12:43 | |
to take that phone off them. It is
about being sensible, but it is | 0:12:43 | 0:12:48 | |
also, it is about education, so the
kids need to know when they have had | 0:12:48 | 0:12:52 | |
enough. Sometimes my daughter says,
I have had enough of my phone and | 0:12:52 | 0:12:57 | |
I'm going to put it away. She is
just fooling you. That is what I | 0:12:57 | 0:13:05 | |
started to do, I found I was
spending too much time on my phone. | 0:13:05 | 0:13:09 | |
And you have to have the will power
to say it is not the first thing I | 0:13:09 | 0:13:14 | |
will look at in the morning. It is a
fairly tale land, this is the real | 0:13:14 | 0:13:19 | |
world. What is in the palm of your
hand is a fairy tale version. It | 0:13:19 | 0:13:25 | |
takes a lot for a teenager think
that when everybody else is looking | 0:13:25 | 0:13:31 | |
at their phone. There is a thing
about tough love, I don't think it | 0:13:31 | 0:13:36 | |
is tough love, it is authentic care.
I want to keep my child safe and Pow | 0:13:36 | 0:13:46 | |
understand the power and what it can
be used for in the good and to | 0:13:46 | 0:13:49 | |
understand when it is time to put it
away, I as a adult will make that | 0:13:49 | 0:13:55 | |
decision if I have to. Do you allow
your daughter secrets on line, you | 0:13:55 | 0:14:04 | |
don't read her texts? No, not now.
When she was younger I was there | 0:14:04 | 0:14:12 | |
when she signed up to Facebook and
giter and looked to see what she was | 0:14:12 | 0:14:18 | |
doing. She fined up at 1. She is not
allowed at 11. The rule is 13. But | 0:14:18 | 0:14:24 | |
they're all doing it at 11. I made a
decision, maybe I may... You let her | 0:14:24 | 0:14:30 | |
lie online? Yes I did. I hold my
hands up. What does that teach her? | 0:14:30 | 0:14:41 | |
Why are they different ages? This is
the thing. The social network | 0:14:41 | 0:14:47 | |
companies need to get together and
they need to monitor this. It isn't | 0:14:47 | 0:14:51 | |
being monitored. Kids will do what
they want at whatever age. You are | 0:14:51 | 0:14:55 | |
right, it starts at secondary
school, that's when the problems | 0:14:55 | 0:14:59 | |
start. If you go to secondary
school, you don't have a mobile | 0:14:59 | 0:15:01 | |
phone, you are not on social media,
you are really left out. It must | 0:15:01 | 0:15:06 | |
come back to the schools, as much as
it comes to the parents. If the | 0:15:06 | 0:15:10 | |
parents try to impose something on
their child that none of the other | 0:15:10 | 0:15:14 | |
are doing. What impact can I have? I
cannot tell parents that, I can | 0:15:14 | 0:15:20 | |
encourage, but I can't do it. At
least the hours you have them at | 0:15:20 | 0:15:24 | |
school, you can say put the phones
away. That is what we say. From my | 0:15:24 | 0:15:29 | |
point of view, if a child is doing a
science experiment, they can put it | 0:15:29 | 0:15:35 | |
on their phone, and use it later,
that is worthwhile. I used to like | 0:15:35 | 0:15:41 | |
the blackberry phones, because they
used to flash a red light in their | 0:15:41 | 0:15:48 | |
pockets. IPhones, we say in your
bag, unless we give them permission | 0:15:48 | 0:15:51 | |
to have it out. A parent who gives a
phone to their child without | 0:15:51 | 0:15:58 | |
boundaries, they have reneged on
their responsibilities. We will | 0:15:58 | 0:16:01 | |
leave it there. Thank you. | 0:16:01 | 0:16:02 | |
You've heard of bitcoin,
and its ability to apparently | 0:16:02 | 0:16:05 | |
create money from nothing. | 0:16:05 | 0:16:05 | |
And hundreds of billions
of dollars of money at that. | 0:16:05 | 0:16:08 | |
But you may have missed just how
wacky the world of crypto currencies | 0:16:08 | 0:16:11 | |
has become in recent weeks. | 0:16:11 | 0:16:12 | |
There are over a thousand
of them now - and more | 0:16:12 | 0:16:15 | |
are being created all the time. | 0:16:15 | 0:16:16 | |
It's a classic gold rush. | 0:16:16 | 0:16:17 | |
But even more weird has been the way
ordinary companies have jumped | 0:16:17 | 0:16:20 | |
on the bandwagon with some
spectacular market results. | 0:16:20 | 0:16:22 | |
One American iced tea maker,
for example, changed | 0:16:22 | 0:16:24 | |
its name in December
from Long Island Iced Tea Corp, | 0:16:24 | 0:16:27 | |
to Long Blockchain Corp -
blockchain being the technology that | 0:16:27 | 0:16:29 | |
powers bitcoin and other
digital currencies. | 0:16:29 | 0:16:31 | |
The share price tripled. | 0:16:31 | 0:16:32 | |
Not surprisingly, regulators
are worried and many think this | 0:16:32 | 0:16:34 | |
is reminiscent of the worst excesses
of the dot com bubble. | 0:16:34 | 0:16:37 | |
Our technology editor David Grossman
explains what has been going on. | 0:16:37 | 0:16:47 | |
A rose by any other name, of course,
but in the corporate world names | 0:16:52 | 0:16:56 | |
matter. The promising start-up
backrub that managed to conquer the | 0:16:56 | 0:17:03 | |
world would not have done had it not
changed its name to Google. Wood | 0:17:03 | 0:17:07 | |
blue ribbon sports have made such a
swoosh if it hadn't become Nikkei? | 0:17:07 | 0:17:12 | |
-- if it hasn't become Nike. We have
had the words biotech and nano | 0:17:12 | 0:17:20 | |
putting companies -- are giving
companies a good share price. Now, | 0:17:20 | 0:17:27 | |
the word is blockchain. If people
stick blockchain in their company | 0:17:27 | 0:17:35 | |
name, people will think, we will go
with them, because I will see a good | 0:17:35 | 0:17:39 | |
return. You are seeing that a lot.
Anything with bitcoin is doing well. | 0:17:39 | 0:17:48 | |
Blockchain Might be able to do
similar, so people will want some. | 0:17:48 | 0:17:52 | |
It's the technology that underpins
currencies like bitcoin. It allows | 0:17:52 | 0:18:00 | |
every currency to verify every
transaction. It means you can do | 0:18:00 | 0:18:03 | |
away with a central register which
is vulnerable to hacking. Blockchain | 0:18:03 | 0:18:09 | |
Is opening up a way to do finance
which is more transparent, cheaper, | 0:18:09 | 0:18:16 | |
faster, and it gives us the ability
to cut out a lot of the middlemen | 0:18:16 | 0:18:20 | |
and automated processes, whilst
still keeping the same level or an | 0:18:20 | 0:18:25 | |
improved level of security. But
it'll take time. We still have a | 0:18:25 | 0:18:27 | |
long way to go. We need to battle
test the technology. There will be | 0:18:27 | 0:18:32 | |
ups and downs along the way. From a
starting point, it's a really good | 0:18:32 | 0:18:37 | |
start. Our company simply cashing in
on the name? Take, for example, | 0:18:37 | 0:18:43 | |
online plc, an Essex -based company
that plodded along with a share | 0:18:43 | 0:18:47 | |
price so that you could hang washing
on it. Until late October when it | 0:18:47 | 0:18:51 | |
changed its name to online
blockchain plc, the 400% share price | 0:18:51 | 0:18:58 | |
rise immediately. The name change
simply reflected the reality of what | 0:18:58 | 0:19:02 | |
the company was now doing, according
to its owner. Clearly changed our | 0:19:02 | 0:19:07 | |
name once in a generation. But it
was a big change. It's had a big | 0:19:07 | 0:19:10 | |
effect. We could have carried on
with online and not change the name | 0:19:10 | 0:19:18 | |
and nobody would know for another
six, nine months, that would be a | 0:19:18 | 0:19:22 | |
distortion of the facts. It's
important with names that you tell | 0:19:22 | 0:19:27 | |
people what you are doing and that
you transmit your message. It's all | 0:19:27 | 0:19:31 | |
well and good being called something
obscure, but it's hard to get your | 0:19:31 | 0:19:33 | |
message across. In some cases,
though, in the early stages of a new | 0:19:33 | 0:19:39 | |
technology it isn't always possible
to say which companies claims are | 0:19:39 | 0:19:42 | |
real and which mere illusion.
Investors have to be very careful. | 0:19:42 | 0:19:48 | |
There is a lot of good projects out
there and equally there are a lot of | 0:19:48 | 0:19:52 | |
projects that have understood that
by just using the buzzword | 0:19:52 | 0:19:58 | |
blockchain you can attract a lot of
investors and money. Homework is | 0:19:58 | 0:20:02 | |
required. A lot of self education,
self teaching, is required before | 0:20:02 | 0:20:06 | |
putting any money to these products.
As the super investor Warren Buffett | 0:20:06 | 0:20:13 | |
sagely remarked, only when the tide
goes out to you discover who has | 0:20:13 | 0:20:15 | |
been swimming naked. The blockchain
tide is still rising and come who | 0:20:15 | 0:20:23 | |
knows, it might do for decades, or
it might drain on the Santa Maria | 0:20:23 | 0:20:28 | |
exposing, well, who knows what? | 0:20:28 | 0:20:30 | |
Well, at least in the time
of tulipmania, there were actual | 0:20:30 | 0:20:33 | |
tulips at the end of it all,
and people understood | 0:20:33 | 0:20:35 | |
what they could do. | 0:20:35 | 0:20:36 | |
Let's talk to Professor Peter Ayton
who is a psychologist specialising | 0:20:36 | 0:20:39 | |
in behavioural economics. | 0:20:39 | 0:20:43 | |
Would you buy shares into a company
that changed its name, and changed | 0:20:43 | 0:20:47 | |
its focus to dabbling in crypto
currencies? Possibly. I'm a human | 0:20:47 | 0:20:54 | |
like everybody else. I don't suppose
my baby would be that discrepant | 0:20:54 | 0:20:57 | |
from what everybody else might
think. To me it looks crazy. -- I | 0:20:57 | 0:21:04 | |
don't suppose my behaviour. What
would motivate people to go into | 0:21:04 | 0:21:08 | |
this? Has agreed taking over? There
were some psychology, isn't there? | 0:21:08 | 0:21:14 | |
-- has agreed. There is a behaviour
which is anonymous with respect to | 0:21:14 | 0:21:22 | |
what economists think ought to be
happening. That shouldn't be a | 0:21:22 | 0:21:24 | |
surprise. We have had another Nobel
Prize for a behavioural economist | 0:21:24 | 0:21:31 | |
this year. What we observe happening
is no surprise to me. Is it almost | 0:21:31 | 0:21:39 | |
hormonal, biological, you can put
people's brains into MRIs and see | 0:21:39 | 0:21:43 | |
what they are thinking when they
make these choices? This is the | 0:21:43 | 0:21:48 | |
field of new economics. The
existence of such a field would be a | 0:21:48 | 0:21:52 | |
science fiction 20 years ago. But
now it is providing us with all | 0:21:52 | 0:21:55 | |
sorts of insight into the way the
brain does things, which then have | 0:21:55 | 0:22:00 | |
ramifications. It is slightly
curious to me that we have this, | 0:22:00 | 0:22:05 | |
sort of common interest in
phenomena, which, sort of, looks | 0:22:05 | 0:22:09 | |
psychological more than economic.
Irrational exuberance is one of the | 0:22:09 | 0:22:14 | |
hallmarks of the surprise that human
beings have brains and emotions and | 0:22:14 | 0:22:19 | |
all sorts of things, why shouldn't
that reflect in economic behaviour? | 0:22:19 | 0:22:23 | |
Looking at this, though, you've got
people borrowing money to invest in | 0:22:23 | 0:22:29 | |
these things. In the currencies
themselves. And now presumably in | 0:22:29 | 0:22:33 | |
some of the shares of companies
dabbling in it. Probably doing that | 0:22:33 | 0:22:37 | |
in the hope others will do that, so
the prices will go on up. Isn't that | 0:22:37 | 0:22:45 | |
just a bubble? An archetypal case of
a bubble? The stock market is based | 0:22:45 | 0:22:50 | |
on an audit assessment of what
people think other people will | 0:22:50 | 0:22:53 | |
think, other people will think it's
worth, and so on. -- based on nth | 0:22:53 | 0:23:02 | |
assessment. You are basing things on
people's behaviour, rather than | 0:23:02 | 0:23:08 | |
understanding asset value of a
business. What is the asset value of | 0:23:08 | 0:23:12 | |
a business that says, we made
furniture, now we are going to do | 0:23:12 | 0:23:16 | |
something involving a currency like
bitcoin... How do you possibly think | 0:23:16 | 0:23:24 | |
this company is going to be in a
particularly good position to | 0:23:24 | 0:23:27 | |
generate profit? I don't really
understand exactly why the sort of | 0:23:27 | 0:23:33 | |
thing happens. Neither does anybody
else, for that matter. The idea that | 0:23:33 | 0:23:37 | |
changing the name of something might
make a difference is as old as the | 0:23:37 | 0:23:40 | |
hills. We've seen that happened many
times -- happen many times. You see | 0:23:40 | 0:23:48 | |
more relaxed by this than perhaps
even regulators are. They are | 0:23:48 | 0:23:52 | |
obviously worried lots of people
will lose quite a bit out of it, I | 0:23:52 | 0:23:58 | |
think. I don't know how you can
regulate for people to prevent them | 0:23:58 | 0:24:02 | |
from speculating in a way they see
fit. There is an market if you | 0:24:02 | 0:24:06 | |
regulate that out of existence. And
people losing money. The advice is | 0:24:06 | 0:24:11 | |
not to invest into it if you cannot
afford to do that if you lose. I | 0:24:11 | 0:24:15 | |
don't know how much the investment
is discretionary. I don't know, I | 0:24:15 | 0:24:21 | |
would be astonished if everybody
backed their hat on it -- on | 0:24:21 | 0:24:28 | |
bitcoin, for example. Thanks Ray
much. | 0:24:28 | 0:24:35 | |
-- thank you very much. | 0:24:39 | 0:24:40 | |
Viewsnight has no aspirations to add
blockchain or any other | 0:24:40 | 0:24:42 | |
cryptocurrency terms to its title. | 0:24:42 | 0:24:44 | |
It is is of course our opinion slot,
and this week we are getting views | 0:24:44 | 0:24:47 | |
on big issues that face us in 2018. | 0:24:47 | 0:24:49 | |
Now on Brexit, among fervent
remainers, there is a big | 0:24:49 | 0:24:52 | |
debate going on right now
as to whether it is right to aim | 0:24:52 | 0:24:55 | |
at reversing Brexit,
or whether that is anti-democratic. | 0:24:55 | 0:24:57 | |
It's a lively argument, but tonight,
Times columnist David Aaronovitch | 0:24:57 | 0:24:59 | |
argues that Brexit voters may be
in demographic decline. | 0:24:59 | 0:25:04 | |
The Brexit generation is dying out.
The other evening I was talking to a | 0:25:04 | 0:25:13 | |
friend from Yorkshire about, you
know what. | 0:25:13 | 0:25:15 | |
Should we be grateful to the members
of political parties? | 0:27:21 | 0:27:24 | |
They pay subscriptions that help
keep the parties going, they trudge | 0:27:24 | 0:27:27 | |
the streets trying to bring politics
to your doorstep, they go to | 0:27:27 | 0:27:30 | |
meetings to help shape party policy. | 0:27:30 | 0:27:31 | |
And however much you may
dislike politicians, | 0:27:31 | 0:27:33 | |
you at least have to recognise that
democracy requires functioning | 0:27:33 | 0:27:36 | |
parties, even if it is only to give
you something to complain about. | 0:27:36 | 0:27:39 | |
So, yes, we should be
grateful to the activists. | 0:27:39 | 0:27:45 | |
But at the same time
there is a problem - they now | 0:27:45 | 0:27:48 | |
have the power to pick a Prime
Minister and yet they are not | 0:27:48 | 0:27:51 | |
altogether representative
of the population at large. | 0:27:51 | 0:27:53 | |
And we can say that now
because of a big survey of party | 0:27:53 | 0:27:56 | |
members, carried out
by the Mile End Institute attached | 0:27:56 | 0:27:58 | |
to Queen Mary University of London. | 0:27:58 | 0:28:08 | |
And on and on TV coverage of the
party conferences. Maybe you can | 0:28:08 | 0:28:12 | |
tell they are not typical. The
average age of conservatives is 57. | 0:28:12 | 0:28:17 | |
The population at large is younger,
average age 40. Labour is more | 0:28:17 | 0:28:22 | |
surprising. You might have seen
images of lots of young Jeremy | 0:28:22 | 0:28:26 | |
Corbyn supporters, but the party's
membership actually has an average | 0:28:26 | 0:28:30 | |
age is not much different to the
Tories, 53. But what about their | 0:28:30 | 0:28:37 | |
views? Labour and Tories are poles
apart, they imported the divisions | 0:28:37 | 0:28:41 | |
within the country. On same-sex
marriage, for example, conservatives | 0:28:41 | 0:28:45 | |
are only 41% in favour, labour, 85%.
The public are in the middle at | 0:28:45 | 0:28:52 | |
about 66%. On the death penalty,
most Tory members think it is the | 0:28:52 | 0:28:57 | |
most appropriate sentence for some
crimes, and fewer than a tenth of | 0:28:57 | 0:29:01 | |
Labour voters do. National polls put
public support for the reinstatement | 0:29:01 | 0:29:06 | |
of the death penalty at between 36
and 49%, depending on how you ask | 0:29:06 | 0:29:11 | |
the question. Then there is Brexit.
Should Britain stay in the single | 0:29:11 | 0:29:16 | |
market, for example, a quarter of
conservatives want to, the vast bulk | 0:29:16 | 0:29:21 | |
of Labour members want to. As for
the public at large, polls vary, as | 0:29:21 | 0:29:26 | |
do the questions, but generally
support for the single market is | 0:29:26 | 0:29:28 | |
nearer 50%. You would expect
activists to be unrepresentative, | 0:29:28 | 0:29:34 | |
particularly as there are so many
fewer of them as they used to be. | 0:29:34 | 0:29:38 | |
The Tories boasted of having over 2
million members in the 50s, now it | 0:29:38 | 0:29:42 | |
is maybe fewer than 150,000, but
they don't publish figures any more. | 0:29:42 | 0:29:47 | |
But that's select group has the
potential power to select a Prime | 0:29:47 | 0:29:50 | |
Minister. In 2016, when David
Cameron resigned, Tory members came | 0:29:50 | 0:29:55 | |
close to having a say between
Theresa May and Andrea Leadsom over | 0:29:55 | 0:29:59 | |
who would lead the country. It would
have been the first time party | 0:29:59 | 0:30:03 | |
members had chosen a PM and on the
evidence of the poll Tory members | 0:30:03 | 0:30:08 | |
would have been closer to Andrea
Leadsom. She, of course, dropped out | 0:30:08 | 0:30:11 | |
of the race before they had a | 0:30:11 | 0:30:12 | |
But the country is already divide
and politics need to involve the | 0:30:15 | 0:30:25 | |
process ofarbitration between values
and should power be in the group who | 0:30:25 | 0:30:30 | |
tend to have opinions at the extreme
ends of spectrum. When I said there | 0:30:30 | 0:30:38 | |
was 150,000 fewer Tories, some say
it half that number, but they don't | 0:30:38 | 0:30:44 | |
publish the figure. | 0:30:44 | 0:30:46 | |
Ustin Fisher is Professor
of Political Science | 0:30:46 | 0:30:48 | |
at Brunel University London. | 0:30:48 | 0:30:49 | |
Cherry Mosteshar is co-chair
of Momentum in Oxford. | 0:30:49 | 0:30:51 | |
Chloe Ahmed is a member
of the Conservative party. | 0:30:51 | 0:30:57 | |
Why do you do it? I ask that myself
on a very cold January evening when | 0:30:57 | 0:31:06 | |
I'm standing at someone's door
trying to persuade them to vote | 0:31:06 | 0:31:09 | |
Labour and all they want is why
Jeremy Corbyn wears a certain kind | 0:31:09 | 0:31:13 | |
of shoe. It does get soul-destroying
sometimes. But I believe that if you | 0:31:13 | 0:31:19 | |
want a certain sort of world and you
have a vision of how it can achieve | 0:31:19 | 0:31:24 | |
that, you have to go out there and
try and at least talk to people and | 0:31:24 | 0:31:30 | |
tell them why you think they would
be better off. What about you Chloe, | 0:31:30 | 0:31:35 | |
do you, hope that you will influence
the Conservative Party in some way | 0:31:35 | 0:31:38 | |
as an individual? That and you have
to be, to change anything you have | 0:31:38 | 0:31:43 | |
to be part of it. You can't expect
your future to be a certain way if | 0:31:43 | 0:31:47 | |
you don't put anything into it. You
can't sit back and say this will | 0:31:47 | 0:31:50 | |
happen. It is civic duty. Yes, you
can't expect anything to happen if | 0:31:50 | 0:31:58 | |
you don't put anything in. You are
half the age of Conservative | 0:31:58 | 0:32:02 | |
Parties, you must be the youngest
person in the room by a mile. | 0:32:02 | 0:32:06 | |
Everybody says that, but no, there
is lots of young Conservative | 0:32:06 | 0:32:11 | |
groups, we have a great young
Conservative movement and we go to | 0:32:11 | 0:32:16 | |
lots of socials and meetings and I'm
not the only person. You're the | 0:32:16 | 0:32:21 | |
liberal end, the younger
demographic, political views as | 0:32:21 | 0:32:25 | |
well, you support Theresa May in
favour of same sex marriage. Yes | 0:32:25 | 0:32:28 | |
definitely. I go to meetings and I'm
the oldest one. How did that happen. | 0:32:28 | 0:32:35 | |
We have shown this young activist
Labour Party, your members are the | 0:32:35 | 0:32:38 | |
same age as the Conservative
Parties. 53 to 57. There is a big | 0:32:38 | 0:32:46 | |
influx of new, young members and
they have more energy than activists | 0:32:46 | 0:32:49 | |
have had. I have been doing this
for... 40 years and I have never | 0:32:49 | 0:32:55 | |
seen so many people that are going
we are going out are you coming? | 0:32:55 | 0:32:59 | |
Labour do have half a million
members. It is incredible. Now | 0:32:59 | 0:33:07 | |
professor Fisher, is it an issue
that these people have too much pow | 0:33:07 | 0:33:13 | |
sner -- power? If it is an issue, it
has always been an issue and at the | 0:33:13 | 0:33:23 | |
start of 20th century people asked
if it was right that lead we are | 0:33:23 | 0:33:29 | |
accountable to the members. Labour
kept the unions, because they were | 0:33:29 | 0:33:40 | |
scared of people being too radical.
Before it was a balancing act | 0:33:40 | 0:33:45 | |
between voters, the leader and the
activists, what we see in Labour is | 0:33:45 | 0:33:49 | |
the leadership and the activists, at
least the momentum being more | 0:33:49 | 0:33:54 | |
aligned than usual. As we have seen
in this data, the voters are nor | 0:33:54 | 0:34:01 | |
centrist. I'm not a separate group.
I organise under a banner calmed | 0:34:01 | 0:34:07 | |
momentum -- called momentum, it was
the campaign to elect Jeremy Corbyn. | 0:34:07 | 0:34:15 | |
It is to preserve his legacy. You're
a Labour Party member No 1. Did you | 0:34:15 | 0:34:22 | |
campaign for Blair? I did, but those
were my salad days. Is it the case | 0:34:22 | 0:34:30 | |
that parties, this is the crucial
question, parties have that have | 0:34:30 | 0:34:36 | |
more members have become more
alienated from the voters. That has | 0:34:36 | 0:34:41 | |
tended to the care, particularly
with more left of centre. That is | 0:34:41 | 0:34:48 | |
largely because right of centre
parties have been able to command | 0:34:48 | 0:34:51 | |
things like finance from outside
sources. Left of centre parties tend | 0:34:51 | 0:34:56 | |
to be less well served financially.
Labour has had the unions in the | 0:34:56 | 0:35:00 | |
past. But you know now we see that
the Conservative Parties are more a | 0:35:00 | 0:35:05 | |
wealthy party. It is a balancing
act. You have got to give the | 0:35:05 | 0:35:09 | |
members something back. But
sometimes democratic participation | 0:35:09 | 0:35:13 | |
can be unpredictable. What do you
think of momentum, do you think of | 0:35:13 | 0:35:17 | |
momentum as a great democratic
force, you obviously don't adegree | 0:35:17 | 0:35:21 | |
with them. - agree with them. Do you
see it as a good thing. I to engage | 0:35:21 | 0:35:26 | |
people, yes. It is a good thing for
every political party to be able to | 0:35:26 | 0:35:31 | |
engage with the general public. But
what momentum has become, do I agree | 0:35:31 | 0:35:42 | |
with it no, it has become a platform
for people to abuse. There is no | 0:35:42 | 0:35:50 | |
such thing as momentum as, we're a
disparate group. We are leaderless. | 0:35:50 | 0:35:58 | |
I there is no one to answer to. What
I want to ask, would you consider it | 0:35:58 | 0:36:06 | |
democratic in 2016 if Tory member
had picked Andrea Leadsom as leader. | 0:36:06 | 0:36:17 | |
Does that feel to you democratic? We
have We have to look at the whole | 0:36:17 | 0:36:24 | |
system. You believe in members. I
believe that members and specially | 0:36:24 | 0:36:32 | |
ly now with the growing members of
Labour Party. Would you be happy | 0:36:32 | 0:36:36 | |
with Tory members picking a Prime
Minister. Of course you're happy | 0:36:36 | 0:36:39 | |
with Labour members picking a Prime
Minister, what about Tory members. | 0:36:39 | 0:36:44 | |
That is democracy. It is like
saying, yes, I would like to choose, | 0:36:44 | 0:36:50 | |
but we weren't going out of Europe.
But I can't. Why not, when Blair | 0:36:50 | 0:36:57 | |
resigned, as leader, the Labour
members had the opportunity to elect | 0:36:57 | 0:37:02 | |
a new leader. It was the same one
member election that we had in the | 0:37:02 | 0:37:06 | |
Conservative Party. But it is no
different if it is the Conservative | 0:37:06 | 0:37:08 | |
Party or the Labour Party. The
members, the MPs, are accountable to | 0:37:08 | 0:37:14 | |
their voters. And so you used to be,
until recently that the MPs chose | 0:37:14 | 0:37:22 | |
the leader a the Prime Minister and
now the MPs might be foisted upon | 0:37:22 | 0:37:26 | |
them somebody they don't want as
leader. That is always a danger. We | 0:37:26 | 0:37:32 | |
saw that with the Conservative Party
when Iain Duncan Smith was elected. | 0:37:32 | 0:37:37 | |
What you have to remember is the
parties have to give members | 0:37:37 | 0:37:40 | |
something to keep them involved.
Cherry and Chloe do all the | 0:37:40 | 0:37:46 | |
wonderful things that party members
do, campaigning and so on, but what | 0:37:46 | 0:37:50 | |
is the incentive for someone to get
involved if they don't get a say? It | 0:37:50 | 0:37:54 | |
is a real balancing act for parties.
It is extending it. You know having | 0:37:54 | 0:38:02 | |
members choose the leadership,
whatever party is more democratic. | 0:38:02 | 0:38:05 | |
It is about... Better than the MPs.
Yes, because they're a small group | 0:38:05 | 0:38:11 | |
and they can be, deals can be
stitched up, they think about their | 0:38:11 | 0:38:17 | |
promotions. They're accountable to
the voters in t way that the | 0:38:17 | 0:38:21 | |
activists aren't. If you're asking
members, we are members of | 0:38:21 | 0:38:26 | |
Conservative Party, but anybody can
be a member of a political party. | 0:38:26 | 0:38:31 | |
Anyone can join. This argument has
been raging since 1902. So we won't | 0:38:31 | 0:38:38 | |
resolve it now. We are trying to
make politics that reflects the | 0:38:38 | 0:38:42 | |
people. Thank you all very much. A
very quick time to look at the | 0:38:42 | 0:38:50 | |
papers, the financial times
companies want to replace hard ware. | 0:38:50 | 0:38:56 | |
The Times question President Trump's
mental health. The Guardian, Theresa | 0:38:56 | 0:39:03 | |
May says sorry to patients and The
Express give foreign aid crash to | 0:39:03 | 0:39:08 | |
NHS. | 0:39:08 | 0:39:15 | |
Well, that is it for this evening. | 0:39:15 | 0:39:16 | |
But Glasgow film festival announced
today it will open with the UK | 0:39:16 | 0:39:19 | |
premiere of Wes Anderson's new film
- an animated feature | 0:39:19 | 0:39:22 | |
called "isle of dogs". | 0:39:22 | 0:39:23 | |
Anderson is famous
for his hyper-stylised | 0:39:23 | 0:39:24 | |
and symmetrical aesthetic. | 0:39:24 | 0:39:25 | |
You may have seen it in films
like The Grand Budapest Hotel | 0:39:25 | 0:39:28 | |
and The Royal Tenenbaums. | 0:39:28 | 0:39:29 | |
Well sometimes life imitates art. | 0:39:29 | 0:39:30 | |
Wally Koval's instagram feed,
"accidentally Wes Anderson" gathers | 0:39:30 | 0:39:32 | |
some evidence for that. | 0:39:32 | 0:39:36 | |
Good night. | 0:39:36 | 0:39:39 | |
MUSIC: Alone Again Or by Love. | 0:39:45 | 0:39:51 |