Films about debt
Money is a new form of slavery and is only distinguishable from the old slavery simply by the fact that it is impersonal—that there is no human relation between master and slave. Debt in government, corporate and household has reached astronomical proportions. Where does all this money come from? How could there be that much money to lend? The answer is that there isn’t…
1:45:01The End of Poverty? traces the growth of global poverty back to colonisation in the 15th century to reveal why it’s not an accident or simple bad luck that there is a growing underclass around the world. Featuring interviews with a number of economists, sociologists, and historians, the film details how poverty is the clear consequence of free-market economic policy which has allowed powerful nations to exploit poorer ones for their assets, turning the money back to the hands of the concentrated few. This also follows on to how wealthy nations—especially the United States—thereby exert massive debts, seize a much disproportionate exploit of the natural world, and how this deep imbalance has dire consequences on the environment and on people…
51:54War By Other Means examines the policy of western banks making loans to so-called ‘third world’ countries, which are then unable to meet the crippling interest charges—debt used as a weapon. The film primarily analyses ‘Structural Adjustment Programs,’ which are proclaimed to enable countries to compete in the ‘global economy,’ but have the opposite effect of lowering wages which in turn further transfers the wealth from the poor to the rich.
Far from ending with the abolition of slavery, the trade in human beings is thriving more than ever before. Today, 27 million men, women and children are held, sold and trafficked as slaves throughout the world. From the sex slaves of Eastern Europe to China’s prison labour slaves; from Brazil’s hellish charcoal slave camps to entire families enslaved in Pakistan’s brick kilns, this series exposes the people behind modern slavery and the companies who profit from it.
1:27:22Catastroïka follows the global trend of privatisations in the past two decades, extrapolating the forthcoming results of the current sell-off in Greece, which has been demanded in order to face the country’s enormous debts. Turning to the examples of London, Paris, Berlin, Moscow and Rome, Catastroïka predicts what will happen, if the model imposed in these areas is imported in a country under international financial tutelage…
46:21With the recent global financial crisis, governments across the world promised decisive action — the biggest financial stimulus packages in history, along with gargantuan bail-outs of corporations and floods of money into private banks and investment firms. But what crazed logic is this: propping up bad debt with…more bad debt? Overdose reviews the happenings of the bail-outs over these years, showing how dangerous the situation continues as a burst bubble is re-inflated globally. What happens next?
For millions of people, the global economic collapse has generated curiosity about how money systems actually work, as opposed to how they’re portrayed, especially when so many financial pundits seem to be baffled. In The Ascent of Money, economist Niall Ferguson works through some history that created today’s money system, visiting the locations where key events took place and poring over actual ledgers and documents, such as the first publicly traded share of a company. Viewed with a critical eye, this series aims to show how the history of money is indeed at the core of civilisation, with economic strength determining political dominance, wars fought to create wealth and individual financial barons determining the fates of millions.