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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.
Pandora’s Box — A fable from the age of science, is a six part series examining the consequences of political and technocratic rationalism, tying together communism in the Soviet Union, systems analysis and game theory during the Cold War, economy in the United Kingdom during the 1970s, the insecticide DDT, Kwame Nkrumah’s leadership in Ghana during the 1950s and 1960s and the history of nuclear power.
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.
2:24:03Did you know that the legal system recognises a corporation as a person? What kind of ‘person’ is it then? What would happen if it sat down with a psychologist to discuss its behaviour and attitude towards society and the environment? Explored through specific examples, this film shows how and why the modern-day corporation has rapaciously pressed itself into the dominant institution of our time, posing big questions about what must be done if we want a equitable and sustainable world. What must we do when corporations are psychopaths?
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?
52:2425 Million Pounds details the collapse of Barings Bank in the mid 1990s primarily by a broker called Nick Leeson, who lost £827 million ($1.3 billion) by speculating on futures contracts. The film contextualises the downfall as the history of Barings Bank was one of the oldest and most prestigious merchant banks in Britain, run by the same family for decades with extensive ties to Britain’s elites. But in the late 19th century Barings almost went bankrupt after investing heavily in South American bonds, including backing the construction of a sewer system in Buenos Aires. The bank was saved by The Bank of England, but Edward Baring, the head of the bank, was financially ruined and never recovered. This film explores the culture of Barings and of the financial markets during the 1990s, and how Nick Leeson was able to cause another huge loss of money to the bank, this time bankrupting the company. He did this by claiming fictitious profits on the Singapore International Monetary Exchange and using money requested from London as margin payments on fictitious trades to finance his loss-making positions. It’s also the profile of a stereotypical corporate psychopath, as Leeson himself explains how he was able to manipulate those around him to achieve his ends and rationalise his actions.
51:35The Tax Free Tour travels the globe to expose the workings of offshore tax havens and the elite banking systems of the world’s billionaires which operate in extreme secrecy. Using examples from multi-national corporations such as Apple Computer and Starbucks, the film traces sizeable capital streams that travel the world literally in milliseconds—all to avoid local laws and paying tax. Such routes go by resounding names like ‘Cayman Special’, ‘Double Irish’, and ‘Dutch Sandwich’. The Tax Free Tour is a sobering look at how the world’s rich live in an entirely different world than the rest of us…
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.”
1:18:37By comparing the confluence of ideas about modifying behaviour using shock therapy and other forms of sensory deprivation (which culminated in the top-secret CIA project called MKULTRA during the 1950s) alongside the metaphor of similar shock treatment modifying national economics using the teachings of Milton Friedman and the Chicago School of economics, The Shock Doctrine presents the workings of global capitalism in this framework of how the United States, along with other western countries, has exploited natural and human-engineered disasters across the globe to push through reforms and set-up other mechanisms that suit those in power and ‘shock’ other countries into a certain wanted behaviour. Chronologically, some historical examples are the using of Pinochet’s Chile, Argentina and its junta, Yeltsin’s Russia, and the invasion of Iraq. A trumped-up villain always provides distraction or rationalisation for the intervention of the United States—for example, the threat of Marxism, the Falklands, nuclear weapons, or terrorists—and further, is used by those in power as more justification for the great shift of money and power from the many into the hands of the few(er).
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…
1:48:27Inside 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…
1:47:39Let’s Make Money investigates the development of the world-wide financial system, showing that elitists economically exploit the rest of society, especially in the developing world, but also in western nations. Using the savings of a typical depositor as a case study, the film moves around the global system, showing exploitation at many levels. There are several interviews with investment managers, politicians, economists as well as homeless people and workers who give their take on the system and its impacts…
53:54The myths of globalisation have been incorporated into much of our everyday language. “Thinking globally” and “the global economy” are part of a jargon that assumes we are all part of one big global village, where national borders and national identities no longer matter. But what is globalisation? And where is this global village? In some respects you are already living in it. The clothes in your local store were probably stitched together in the factories of Asia. Much of the food in your local supermarket will have been grown in Africa…
1:08:16While corporations and governments continue to disseminate globalisation and the rapacious drive for consolidation of corporate power, people around the world are pushing back to reinstate local communities. Groups are coming together to rebuild human scale, local and ecological economies based on a new paradigm of localisation and sustainability. The Economics Of Happiness documents these shifts and shows how these communities have reclaimed their autonomy…
1:29:20There are plenty of anarchists in the world. Many have committed robbery or smuggling for their cause. Fewer have discussed strategies with Che Guevara or saved the skin of Eldridge Cleaver, the leader of the Black Panthers. There is only one who has done all that, and also brought to its knees the most powerful bank in the world by forging travellers cheques, without missing a single day of work bricklaying. He is Lucio Urtubia from a tiny village in Navarra in North of Spain. Lucio, 75, now lives in Paris, still doing valued political work. Lucio has been protagonist and witness to many of the historic events of the second half of the 20th century. His family was persecuted by Franco’s regime; he was on the streets of Paris for the phenomenon of May of 1968; he actively supported Castro’s revolution; and helped thousands of exiled people by providing false documents to them. But without a doubt, his greatest triumph came in the second half of the 1970s where he swindled 25 million dollars from the First National Bank—or Citibank—to later invest the money in causes he believed in.
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…
1:39:44The 2008 ‘financial crisis’ was a systemic fraud in which wealthy finance capitalists stole trillions of public dollars all over the world. No one was jailed for this massive crime, the largest theft of public money in history. Instead, the rich forced working people across the globe to pay for their ‘crisis’ through punitive austerity programs that gutted public services and repealed workers’ rights. Capitalism Is The Crisis shows and explains this fundamental functioning of the global economy, while visiting protests from around the world against it, revealing revolutionary paths for the future. Special attention is devoted to the current situation in Greece, the 2010 G20 Summit protest in Toronto Canada, and the remarkable surge of solidarity in Madison, Wisconsin.
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.
51:18Featuring George Bush’s famous “go-shopping-speech” calling for a war against terrorism that deters the nation from the fear of consumption; Castro responding with hymns to the anti-consumerist, advertising-free island of Cuba; Bill Gates and Steve Ballmer preaching that the computer will give us peace on earth, and “bring people together rather than isolate them”; while Adbuster Kalle Lasn warns that advertising pollutes us mentally, that over-consumption is unsustainable, that we are running out of oil and this will cause a global economic collapse…
51:57The discrepancies between the “War on Terror” and the facts on the ground in Afghanistan and Iraq are many. In 2001, as the bombs began to drop, George W. Bush promised Afghanistan, “the generosity of America and its allies.” Now, the familiar old warlords are retaining their power, religious fundamentalism is expanding its grip and military ‘skirmishes’ continue routinely. In “liberated” Afghanistan, America has its military base and pipeline access, while the people have the warlords who are, as one woman says in the film, “in many ways worse than the Taliban.”
44:03In the late 1990s, the Reserve Bank of Australia thought it was on a winner. The bank had developed the technology to create polymer bank notes that it claimed rivalled paper money. So the Reserve Bank decided to set up a subsidiary company called Securency to sell the technology to the world. It had just one problem though—getting legitimate access to other central bank officials to pitch the idea. So instead, Securency decided to employ a shadow network of local “fixer agents” to make “connections” with relevant officials, lavishing them with prostitutes, cash, and bribing them into deals. Dirty Money is the story of this institutional corruption at the highest level of finance in Australia.
1:08:51Recorded by over 100 media activists, this film tells the story of the enormous street protests in Seattle, Washington in November 1999, against the World Trade Organisation summit. Vowing to oppose—among other faults—the WTO’s power to arbitrarily overrule nations’ environmental, social and labour policies in favour of unbridled corporate greed, thousands of people from all around the United States came out in force to stop the summit. Against them was a brutal police force and a hostile media. This Is What Democracy Looks Like documents the struggle, as well as providing a narrative to the history of success and failure of modern political resistance movements.
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…
1:18:26Golden Rule presents a picture of today’s political economy interpreted through the framework of the “Investment Theory of political Parties”. The theory, first articulated in 1983 by Thomas Ferguson, is largely based on quantitative analysis of activity in the stock market and its relationship to politics—that is to say that “elections are moments when groups of investors coalesce and invest to control the state.” The film takes this theory and tests it against developments in the political and social spheres of recent decades, right up to the election of Barack Obama in the United States in 2008…
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?
47:39Robert Beckford visits Ghana to investigate the hidden costs of rice, chocolate and gold and why, 50 years after independence, a country so rich in ‘natural resources’ is one of the poorest in the world. He discovers child labourers farming cocoa instead of attending school and asks if the activities of multinationals, the World Bank and International Monetary Fund have actually made the country’s problems worse…
1:17:29The Crisis of Civilization draws on archive footage and essentially monologue by author Nafeez Mosaddeq Ahmed to detail how global problems like environmental collapse, financial crisis, peak energy, terrorism and food shortages are all symptoms of a single, failed global system…
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.
54:27In September 2008 when the American economy was on the verge of melting down, the then-Secretary of the Treasury Henry Paulson, his former protégé John Thain (CEO of Merrill Lynch), and Ken Lewis (CEO, President, and Chairman of the Bank of America) secretly cut a deal to merge Bank of America and Merrill Lynch — in the midst of stock collapse; a rocky merger; the worst fourth-quarter losses in at least 17 years; a stockholder revolt and an urgent need to raise more capital despite a $45 billion “bail-out” from the federal government…
39:40Filmed in Thailand and the Philippines in July 2007, Squeezed tells the story of how free trade agreements and globalisation are changing the lives of millions of people living in the Asia-Pacific region with APEC. Featuring interviews with farmers, workers and slum-dwellers, the film travels across the landscapes of Asia, from the lush rice paddies of Thailand to squatter settlements perched on a rubbish dump in urban Manila. Documenting these contrasts and contradictions, Squeezed accounts the impact of globalisation…
59:01For more than two years the Eurozone has teetered on the edge of an economic precipice. But how exactly did it get into the current financial mess? Talking to historians, economists and politicians, The Great Euro Crash takes a long view of the euro—from Churchill’s vision of a United States of Europe; to the bail-outs of Greece, Portugal and Ireland. Meeting a property developer in Ireland, a taxi driver in Rome and a German manufacturing worker; the film exposes the high cost being paid by European workers today for the dream of European Union—how the entire system has so far come to a complete banking meltdown. The crisis could yet claim Britain, with its vast financial sector, dragged down by the collapse of the euro. And the cost of reviving the complex economy is so high, triggering a return to the economic mayhem of the 1930s.
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…
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?
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.
50:29The Wall Street Code explores the once-secret lucrative world of prolific algorithmic trading by profiling an inside programmer who, in 2012, dared to stand up against Wall Street and its extreme culture of secrecy, to blow the whistle on insights into the way the modern global money market works. His name is Haim Bodek—aka ‘The Algo Arms Dealer’—and having worked for Goldman Sachs, his revelations speak to the new kind of wealth made only possible by vast mathematical formulas, computer technologies and clever circumventions of laws and loophole exploits. Vast server farms and algorithms working beyond the timescale of human comprehension, have largely taken over human trading on the global financial markets for decades. What are the implications of that? The algorithms seem to have a life of their own. Snippets of code secretly lie waiting for the moment that your pension fund gets on the market; trades done in nanoseconds on tiny fluctuations in stock prices. And the only ones who understand this system are its architects—the algorithm developers. The Wall Street Code provides just a small insight into this new world of high-frequency trading, amongst other things…