The “Inside job” movie proves how neo- liberalism system has turned this world into a chaos. I find this movie very informative, hard to believe but it shows the reality of the world in which we live. The movie is structured into five parts which are: how we get here, the bubble, the crisis, accountability, and where we are now. The movie denounces how academic economic experts, politicians, and board of directors use their political influences on financial industry. Those experts are extremely corrupt and above all very selfish. They have no feelings for the majority and totally ignore inequality. They all work together based on the same ideas, use the same techniques and strategies to make money. They come up with policies and complicated laws that are hard for people to understand, and they are the only one who benefit from those laws. What really amazes me is how this minority use their power and expertise skills to dominate the majority. They exploit the majority or the working class to be always on top of their games. They work in circle through the same jobs and are severally appointed in the same cabinets. They move from one company to the other and teach in well known schools. I see the impact of their power not only on financial industry but also on school system. Basically they build and control the system. David Harvey proposal’s theory of how neo-liberalism has achieved growth has been confirmed in this documentary. In this paper, I will be talking about how the four elements of accumulation by dispossession which are privatization, financialization, manipulation of crises, and state redistributions are verified throughout the movie. The movie started with how Iceland was deregulated and how privatization affected th... ... middle of paper ... ...ent bailout. The state became the prime agent of redistributive policies. They sought redistribution through the revision in the tax code to benefit returns on investment rather than incomes and wages. A lot of workers were laid off and the Obama administration’s financial reform has not been able to solve the problem. All those top executives who caused the crisis happened to be economic advisors to Obama. This financial crisis has caused a lot of problems and inequalities in our society. We live in a corruption world whereby those who make the system benefit the most. I do not see any change in the coming year if we still remain in this neo-liberalism system where there is conflict between capitalism and democracy, the ruling class and the working class. We can only change this corrupt system if we all come together and force change in Washington and Wall Street.
The financial crisis of 2007–2008 is considered by many economists the worst financial crisis since the Great Depression of the 1930s. This crisis resulted in the threat of total collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. The crisis led to a series of events including: the 2008–2012 global recessions and the European sovereign-debt crisis. The reasons of this financial crisis are argued by economists. The performance of the Federal Reserve becomes a focal point in this argument.
The video “Nick Hanauer: Beware, fellow Plutocrats, the pitchforks are coming” is a powerful speech made by Nick Hanauer to address the growth of inequality among social classes. He also states how to prevent the effects that would come to the plutocrats’ class group if the social inequality continues this fast paced growth.
Year’s ago, mention of this widening gap between the privileged and the struggling was considered “Marxist”, but now the facts are too evident to be blamed on a belief. The richer continue to get richer and the poorer get poorer; due to the fact that, the wealthy pay the labor working majority unfair wages. Ironically, this “supreme” group makes their fortune because of these under paid people. For example, Walmart a low paying corporation owned by the wealthiest family in America. As previously stated, the success of the upper class is at the expense of the lower class and we see this in more ways then one: late fees and rates are collected by the rich, Realestate is bought up by them, and they have control of politics. The solution seen most fit by Ehrenreich and Lowenstein would be to remove the classes and have an egalitarian
Michael Moore’s film of Capitalism: A Love Story is an examination on how much of a financial impact that corporation has on the lives of Americans. Capitalism seems to emulate a love affair gone wrong, with lies, abuse and betrayal towards the American people. Moore moves the film from Middle America, to the halls of power in Washington, to the global financial epicenter in Manhattan in order to answer the question of what price do Americans pay for the affection of capitalism. There is irony in the title of this film because there is certainly nothing to love about capitalism when families have to pay the price with losing their jobs, their homes and their savings as a result of the risky investments that the rich and powerful have at their disposal. With more than 14,000 jobs being lost, residents being evicted from their homes and banks stealing away families’ savings, one must wonder if there is an upside to capitalism at all. True democracy is the biggest threat to corporate America because of the one person one vote system. In order for this to take place, the growing number of people would have to come together and expose capitalism for what it truly is, a corrupt and greedy system for the wealthy.
Inside Out is a film about a young girl named, Riley, whose world gets turned upside down once her family moves from Minnesota to San Francisco. In this film, Riley’s five main emotions are personified. Riley, who is only eleven years old, is known for her joyous attitude but with the drastic change of lifestyle, she begins to show and feel many other emotions. As Riley and her family are adjusting to their new surroundings, she becomes more irritable and rebellious. As depicted in the film, Riley’s emotions, Joy and Sadness, get lost trying to find their way back to Headquarters. While Joy and Sadness are gone; Fear, Disgust, and Anger are left in charge of Riley’s actions. On account of Joy is not being there to help Riley make rational decisions, Fear,
... warn them about their future in the financial market. Even though Miller wrote this novel in 1991 about the trends of the 1980s, the graphic novel is still current today. In fact the distribution is even more skewed then it was 20 years ago. “As of 2007, the top 1% of households (the upper class) owned 34.6% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 50.5%, which means that just 20% of the people owned a remarkable 85%, leaving only 15% of the wealth for the bottom 80% (wage and salary workers)” (Domhoff). This data shows that we should be extremely worried about the trend of the distribution of wealth in the United States. A more equal distribution is healthy for average citizens because it allows us to thrive in an environment which gives us more opportunities to move up in the economical society.
The Sub-Prime Mortgage Crisis of 2008 has been the largest financial crisis to take place since the end of the Great Depression. It was the actions of individuals and companies that caused this crisis. For although it could have been adverted, too much money was being made by too many people in place of authority to think deeply on the situation. As such, by the time actions were taken to attempt to rectify the situation, it was already too late. Trillions of dollar of tax payers’ money was spent trying to repair the situation that was caused by the breakdown of ethics and accountability in the private sector. And despite the government’s actions to attempt to contain the crisis, hundreds of thousands lives were negatively affected before, during, and after this crisis.
“Adults with any type of mental illness in the past year: 45.1 million” (APA). Mental disorders are not easy to visualize. Especially three of the most common disorders, Clinical Depression, Anxiety Disorder, and Post-Traumatic Stress Disorder. However, the Oscar winning film, Inside Out, places an interesting perspective on mental disorders by occasionally panning back and forth from the main character’s head to the heads of the other cast. The main character, Riley, has five personified emotions in her head: Joy, Disgust, Fear, Anger, and Sadness. All five of these characters are given certain shapes and colors to go accordingly to what their emotion is. An example is that Anger is given
The film the Assassination of Jesse James - by the coward Robert Ford is a historical western drama based on a novel about a real American outlaw who lived during the 19th century . The novel, with the same title as the movie, is written by the author Ron Hansen and first published in 1983. The film is directed by Andrew Domnik and produced in 2007 by, among others, Brad Pitt, who even plays the main character Jesse James. Other characters are performed by Sam Shepard (Frank James), Casey Affleck (Robert ”Bob” Ford), Sam Rockwell (Charley Ford), Paul Schneider (James ”Dick” Liddil), Jeremy Renner (Wood Hite), Garret Dillahunt (Ed Miller) and Mary-Louise Parker (Zerelda ”Zee” James).
The ordinary people affected by the crisis experienced many forms of mass unemployment. As the workforce began to panic the anxiety grew stronger. The stress of unemployment and anxiousness forced thus individuals to look to the government for the answers. Governments quickly responded to the anxiety by raising taxes. Which in turn only seemed to make matters worse. The United States attempts at restoring the nation with confidence failed. Some believe that the main reason being that the United States had developed an enormous economy of mass production, but the larger picture consisted of analyzing more than the mass production. Instead there was a problem arising. How would the nation survive with a population of mass production and a decrease in consumption became the main question being analyzed. As the stock market crashed and the United States economy began to as well the U.S. government began to focus on the idea of every nation for themselves.
From 2008, the US financial system itself has been subject to shock therapy, not necessarily to the advantage of neoliberalism: in fact, there has been a mini-revival of Keynesianism through nationalization and state subsidies.
Food Inc. directed by Robert Kenner gives viewers an eye opening experience to the politics of the industrial food manufacturing and processing system. Kenner is an award winning documentary director and producer since the 1970’s. He has perfected his craft in Food Inc. by allowing the viewer to better understand where processed food comes from and the corporations that own it all. The film takes a look into three of the most popular goods of corn, beef and pork. There becomes a better understanding of the corn industry and how almost all processed food can be traced back to the genetic modification of corn. Beef can be tied into this scenario with the newer practice of feeding cattle corn. The film takes some interest in explaining how corn
The "Wall Street"(1987) profoundly reveals the hidden rules of the financial realm. It won several awards of Oscar. So many people who work on Wall Street are gained a lot of enlightenment from this amazing movie. Now "Wall Street 2" comes back. The Director still Oliver Stone, the difference is this movie links to the financial crisis of 2008. Just as the dominoes falling. Some people gained, but more people down with drain, even the live.
...ention the foreclosure on their homes. The workers ended up suffering more but the wealthy bankers increased their wealth as they received bailouts from by the government. Nonetheless, the wealthy bankers continue to receive their annual corporate bonuses which amount to billions of dollars. It indicates the level of alienation of worker from the wealth they create as they are left to languish in poverty.
This movie starts off as Jordan Belfort, the main character in the movie, losing his job as a stockbroker in Wall Street. After losing his job, he goes and gets a job in a Long Island brokerage room. In the brokerage room, he sells penny stocks. Thanks to him being aggressive in his selling skills, he was able to make a profit. With the new income, he gives his wife a bracelet and she asked him why doesn’t he go after the people that can afford to lose money, not the middle-class people or lower income people. That is when he gets the idea to get a lot of young people and train them to become the best stock brokers.