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...
55:34Nearly 100 years after its creation, the power of the United States Federal Reserve has never been greater. Governments and financial systems around the world pay close attention to the Fed Chairman's every word, philosophies and ideologies. Yet the average person knows very little about the most powerful and least understood financial institution. Money For Nothing takes viewers inside the Fed and reveals the impact of Fed policies past, present, and future.
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...
52:14Your retirement plan, if you're even lucky enough to have one, is a gamble. Fees, self-dealing, kickbacks, deregulation and/or no regulation at all brings great profits to the financial system, while imperiling the future of individuals who provide 100% of the funds, take 100% of the risks, but only get 30% of the returns. Even the privileged Baby Boomer generation now faces uncertainties, to say nothing of those who come after and face an even more staggering wealth inequality. The paternalistic "American dream" of the 1950s has long been over. Now, thanks to decades of neoliberalism, with a financial system geared towards short term profits and externalising risks and costs, the retirement fund industry is a ten trillion dollar industry, protected by obfuscation and complexity. The Retirement Gamble offers a window into this racket, raising just some of the troubling questions about how this supposed system claims to "work for everyone" when it does nothing of the sort, by design.
49:05The Chicago Sessions explores the ethical implications of the financial crisis during three sessions with a group of law and philosophy students. The grounds of the University of Chicago provide a compelling arena, since it is here that both economist Milton Friedman—staunch promoter of free market capitalism—and Barack Obama, lectured. Examples of crisis related issues discussed during the sessions are: mortgage lending practices, foreclosures, bail outs and CEO pay. The students will test their ideas both on eminent professors and on field experts. The discussion is fueled and illustrated by case stories that the students themselves provide. The cases show how the financial crisis really affects the people of Chicago and in one example shows the consequences of the foreclosures in a neighborhood not far from the university and Barack Obama's home.
1:14:02The film is a video essay by Professor Albert Bartlett essentially serving as an introduction to the concept of steady growth and doubling time, by taking us through the impacts and consequences of exponential growth on a finite planet. By making good observations of this impossible growth as applied to fossil-fuel consumption, population and the endless growth of which the global economy requires, this presentation gives us the basic tools to fundamentally understand that we've got a real problem on our hands.
47:18"Quants" are the mathematicians, software developers and computer programmers at the centre of the global economy. These are the people who designed the "complex financial products" that caused the financial crisis of 2008. Here they speak openly about their game of huge profits, and how the global economy has become increasingly dependent on mathematical models that quantify commodified human behaviours to the point of insanity. But things don't stop there. Through the convergence of economy and technology, the Quants have now brought this model into the world of the machines, where trades are done at the speed of light, far from the realm of human experience. The machines are in charge. Some Quants are even now worried. What are the risks of this complex machine? Will the Quants be able to keep control of this financial system, or have they created a monster?
25:00Mongolia is the next target for the world's biggest mining corporations for copper. The Oyu Tolgoi mine currently under construction in the South Gobi Desert is a combined open-pit and underground mine due to start extraction in the next few months of 2012. But the problems don't end there. The Oyu Tolgoi deal between the Mongolian government and the massive Australian mining company Rio Tinto is truly indicative—Mongolia gets just 34 percent, while Rio Tinto is exempt from a profits tax and receives open access to scarce desert aquifers and the provisioning of water to people living close to land that the mining company now claims to own. The Big Dig documents how this avaricious mining-driven culture comes at the expense of the natural world and the way of life of local communities.
1:31:32Housing is fundamental human right. But in cities all around the world, housing affordability is decreasing at record pace. The local working and middle classes have become unable to afford housing in major cities: London, New York, Berlin, Hong Kong, Toronto, Tokyo, Valparaiso, Sydney, Melbourne, Caracas, Barcelona, Paris, Amsterdam, Stockholm... the list seems endless. People are being pushed out of their very own homes--because living in them has rapidly become unaffordable. Told through the eyes of Leilani Farha, a United Nations special rapporteur on housing, Push touches on the foundations of the crisis, as we follow the rise of abstract finance and the pervasive influence of neoliberalism that conjures a perfect storm: the global financial crisis of 2008--where houses packaged as "complex financial instruments" were the core of the crisis. Then, once the financial industry was bailed out by the public to the tune of trillions of dollars, financiers bought up millions of houses around the globe for cents on the dollar, and their power and influence has only increased in the subsequent decades. Farha travels all around the world, speaking to people that now spend 90% of their income on rent, after wages have stayed stagnant since 1970s, and how large corporations swallow up entire communities, guided by the same politik. She says we still need to confront those old ideas--the financialisation of the housing 'market.' "There's a huge difference between housing as a commodity and gold as a commodity." These systems don't consider the people they extract from.
43:25Why did appointed officials of the Australian Reserve Bank and its employees break sanctions in Iraq and cosy up to Saddam Hussein through a frontman during the late 1990s, early 2000s and beyond? Why did a former Deputy Governor and other directors hand-picked by the Reserve Bank to safeguard its subsidiary companies from corruption, end up--over a decade--overseeing some of the most corrupt business practices possible? How did they allow millions of dollars to be wired to third parties in foreign countries--including a known arms dealer--in order to win banknote contracts knowingly using bribery and supporting corruption?
The Mayfair Set is a four part series that studies how capitalists overtly and surreptitiously came to prolifically shape governments during the 1980s, epitomised by the Thatcher government in Britain at the time. But the corporate influence of political power doesn't simply arrive, it rather culminates after decades of engineering rooted in the economic collapse from the aftermath of the Second World War. This series focuses on the unreported and almost unseen approach that capitalists have taken since the 1940s to gradually take control of the political systems of not only the United States and Britain, but elsewhere around the world—exemplified by the boom of globalisation.
1:33:08Freakonomics is a segmented adaptation of the book by the same name, by Steven Levitt and Stephen Dubner about incentives-based thinking. The film presents segments to examine the theories of human behaviour and data mining presented in the book through case studies. Subjects include: the influence a person's name has on their personal and social development; corruption in an honor-bound sport such as sumo wrestling; what alleged factors lead to a statistical reduction in crime rates in the United States during the 1990s; and a school experiment to see if cash payments could incentivise students to get good grades. Through these examples and others, the film exposes the problems with data-driven economic incentive models, and the society obsessed with quantitative measuring and data, rather than a focus on quality of outcomes or even what the outcomes are.
Corporations On Trial is a five-part series following just some of the many lawsuits being brought against multinational corporations for war crimes, conspiracy, corruption, assassinations, environmental devastation and payments to terrorists. Such serious charges have forced some of the world's largest companies to hire high-profile defence lawyers to protect public relations in cases often brought by plaintiffs who are barely literate. These five films reveal a growing anxiety about the power and influence of big business, as many multinational corporations have annual revenues greater than some countries' national budgets and indeed increasingly hold governments to ransom by their economic power. Around the world, ordinary people are fighting back and asking how many more times their interests should be sacrificed for corporate greed and shareholder profit...
Shifty is a series of films that traverse the past 40 years in Britain, showing how the shift of political power to finance and hyper-individualism came together in powerful ways, to undermine one of the fundamental structures of mass democracy--the shared idea of what is real. As that fell apart, with it went the language and the ideas that people had turned to for the last 150 years to make sense of the world they lived in. As a result, life in Britain and the current and former colonies of its empire, has become strange--a hazy dream-like flux, where distrust in politicians keeps growing, and the political class seems to have lost control. Through archive footage, news reels, and on-screen-text in video essay format, Shifty documents the shapes of how this happened, using the vast ranges of footage to evoke what if felt like to live through an epic transformation during the 1980s.
1:25:20Brussels, the capital and largest city of Belgium, has a long history of hosting the institutions of the European Union within its European Quarter; while the Union itself claims it has no capital and no plans to declare one--despite the fact that Brussels hosts the official seats of the European Commission, Council of the European Union, and European Council, as well as a seat of the European Parliament. In any event, it is here--in this centre of smoke and mirrors--that exists one of the largest concentrations of lobbyist power in the world. The Brussels Business scratches the surface of this extensive world hidden-from-view by looking at the direct influence of lobbyists and the complete lack of transparency in the decision-making processes. Speaking with lobbyists and activists themselves, The Brussels Business reveals the beginnings of a vast landscape of PR conglomerates, front companies, think-tanks and their closely-interlinking networks of power and ties to political and economic elites. The questions then become: Who actually runs the European Union? How? And why?
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.
1:49:13In post-industrial United States, the Chinese company Fuyao opens a car-glass factory in an abandoned General Motors plant, hiring thousands of blue-collar American and Chinese workers. Through an an observational format, American Factory presents the two distinct cultures, comparing and contrasting each other, as well as weaving subtle commentary revealed from the workers' themselves about the nature of manufacturing work; their differing cultural and generational attitudes on labour rights and unionising; as well as observing upper management methods and corporate politics. The film is a collage of self-revealing messages about the cultures of high-tech China and post-industrial United States, shown through the lens of capitalism and the changing status of each country in the global economy.
59:03Exploring the collusion between the richest people in the United States and the figureheads of political power in government, this film focuses on Park Avenue in New York which is currently the home to the highest concentration of billionaires in the United States. Across the river in Manhattan, less than five miles away, Park Avenue runs through the South Bronx which is home to the countries' poorest. The disparity of wealth has never been so stark and has accelerated extraordinarily over the last 40 years. As of 2010, 400 people controlled more wealth than the bottom 50 percent of the population—150 million people—as well as seizing political power. Park Avenue travels through this to illustrate why the concept of so-called "upward mobility" is a myth perpetuated by the rich, and also to unpack the workings of plutocracy and capitalism—the current-day rule by the rich, and the implications of this collusion of power and control.
44:51"Supermarkets have bulked up. These days they’re retail superpowers who make money not just when we eat or drink but increasingly when we fill the petrol tank, play pokies or buy a hammer from the local hardware – and they’re quietly stalking pharmacies, newsagents and florists. Coles and Woolworth’s sell 70 percent of the dry groceries and half the fresh food that Australians consume – among the highest concentrations of market power in the developed world"...
1:48:27Inside Job provides a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. Through interviews with key financial insiders, politicians, journalists, and academics, Inside Job traces the rise of a rogue industry which has corrupted government and academia...
This Is Neoliberalism is a series of video essays that explore the origins and makings of neoliberalism--the dominant ideology of capitalism. The series explains what neoliberalism is and where it came from. Economic liberalisation, privatisation of the public sphere, deregulation of corporations, tax cuts for the rich, "free trade," "austerity," and reductions in government spending in order to increase the role of the private sector in society are just some of the many themes of neoliberalism, which as an ideology, fundamentally seeks to increase the power of corporations and ensure wealth remains shifted to the upper class. The series begins in 1918, and takes us up to modern politics, through globalisation, and to the modern ruling economy.
58:32Over six desperate days in October 1929, the New York Stock Exchange crashed leading to the collapse of three thousand banks, taking people's savings with them. In a matter of days, the United States economy was obliterated. The crash was followed by a devastating worldwide depression that lasted until the Second World War. Finances did not regain their pre-crash values until 1954. This film recounts the story of a financial disaster that we hoped could never happen again, revealing the familiar tune of cheap credit, consumerism, greed, corruption and cronyism in the current-day financial crisis...
1:23:40Fascism Inc. examines a series of historical events to compile a view of the past, the present and the future of fascism and its relation to the economic interests of each era—including the current era. The film travels from Mussolini's Italy, to Greece under the Nazi occupation; the civil war and the dictatorship; and from Hitler's Germany to the modern European and Greek fascism. Following on from the foundations of earlier films such as Debtocracy and Catastroika which described the causes of the debt crisis, the impact of the austerity measures, the erosion of democracy and the sell-out of the country’s assets; Fascism Inc. aspires to continue to motivate anti-fascist resistance movements across Europe, and the world.
1:08:29Confessions of an Economic Hit Man is a presentation by John Perkins, based on the book by the same name published by him in 2004. Perkins describes the role: "Economic hit men are highly-paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the US Agency for International Development (USAID), and other foreign "aid" organisations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources. Their tools included fraudulent financial reports, rigged elections, pay-offs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalisation."
45:23Controlling Interest is one of the first documentary films to provide a critical analysis on the growth of multinational corporations, and their impacts on people and the environment. Upon its release, Controlling Interest quickly became a standard audio-visual text for those concerned about the growing impact of multinational corporations, examining how the ever-increasing concentration of money and power affects employment in the United States, shapes patterns of development across the world, and influences foreign policy. This is the film that helped kick-off the anti-globalisation movement. Remarkably candid interviews with business executives provide a rare glimpse of the reasoning behind corporate global strategy, and the never-ending search for resources, ever-cheaper labour, and the commodification of life. The film documents the impact of corporate decisions on people around the world, including how "freedom" has come increasingly to mean the freedom of global corporations to operate without restriction. Some of the case studies include Massachusetts' declining machine tool industry, Brazil's "economic miracle," and Chile before and after the 1973 coup.
51:47Obey is a video essay based on the book "Death of the Liberal Class" by author and journalist Chris Hedges. The film charts the rise of corporatocracy and examines the trending possible futures of obedience in a world of unfettered capitalism, globalisation, staggering inequality and environmental crisis -- posing the question, do we resist or obey?
42:25Fashion Victims looks at the real cost of cheap clothes from the conditions of sweat shops in Bangladesh. On 24th April, 2013 more than a thousand people were killed when an eight storey building collapsed in the heart of Bangladesh's capital, Dhaka. The collapse of Rana Plaza turned the world's attention to the shocking conditions workers in the country's clothing industry are forced to endure. In recent years, Australian companies have flooded into Bangladesh to take advantage of lax labour laws and the lowest wages in the world, paid to the predominantly young, female workers in the factories.
42:53S11 documents protest actions in Melbourne, Australia, 2000 against the World Economic Forum meeting. Specific accounts of police brutality and ferocious attacks on people protesting national and international issues are captured, in direct contradiction with mainstream media coverage, portraying activists as violent protesters.