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54:31The Power of the Fed investigates how the United States central bank’s actions have played out over the years on Wall Street versus Main Street, since the last financial crash of 2008. The film traces how the experiment the Fed began in 2008 has been dramatically ratcheting up, peaking with the COVID-19 crisis in 2020. But, of course, rather than help correct from the huge corruption and financial abstractions that caused the 2008 crash, the fed has doubled down on its policies of “quantitative easing” which have gone on to help widen the greatest inequality of wealth in history, pushing financial products even further removed from the economy, driving inflation, automation, and worsening the impending cycles of boom and bust. The rise of speculative cryptocurrencies and non-fungible tokens (NFTs) has only fueled the mania, as economic volatility increases.
1:52:43Jeff Bezos is not only one of the richest men in the world, the vast corporate empire he has built is unprecedented in the history of capitalism. The corporate power to shape everything from the future of work to the future of commerce to the future of technology is unrivaled. The company’s reach into the everyday life of citizens, manipulating their experience and extracting extreme profits, is profound. It’s extraction of labour and giant streams of data is cataclysmic. It’s reach into culture, media, law enforcement, even a deal with the CIA, is indicative. But despite all of this, the company contradictorily claims it is “just a speck.” As regulators around the world tardily start to consider the global impact of Amazon and how to rein in its extreme corporate power, filmmakers Anya Bourg and James Jacoby reveal how Bezos’s plan to build one of the most influential economic and cultural forces in the world has already transpired, and how the job of reining in this pervasive corporate power will be testing in the extreme.
The Facebook Dilemma aims to open an in-depth investigation into the impact Facebook has had on privacy and democracy in the United States and throughout the world, by revealing how the decisions made by the company as it sought increased wealth and new users, transformed it into a vast surveillance machine, a media company, and a ‘hidden hand’ in elections and political discourse. Drawing on original interviews from those inside the company, this two part series catalogues some of the ignored warning signs, both inside and outside the company, of Facebook’s negative impact, growing from Zuckerberg’s dorm-room project and into a powerful global empire.