The Big Short Analysis

The film the Big Short, a film adaption of a book by the same name, explains the events leading up to the subprime mortgage crisis of 2008. It presents the complex economic mechanisms behind the crisis in layman’s terms by using analogies and metaphors to explain to the audience what the big banks were doing to destroy the global economy. While the primary focus of the film is about how relatively few organizations could have such a profound effect on the global economy, I came to the realization that it was much more than that. By the end of the movie I had come to the conclusion that society as a whole had become apathetic, cynical, and firm adherents to the adage that ignorance is bliss. Today’s society seems to be falling into a deep

It seems that the public finds corruption to be an inherent characteristic of any banker and that nothing can be done about it. The people have become so disillusioned with the state of the world that they don’t vote, which continues to allow these banks to conduct themselves dishonestly. One instance where justice was served was in Iceland where 29 bankers have been persecuted for their involvement in the global collapse in 2008. However, in the United States, the center of the crisis, only one arrest was made. It seems that the most destructive outcome of this crisis is increase in the public’s apathy and

We have a responsibility as a society to care and to respond appropriately to affronts to our way of life. Millions of people lost their homes and their jobs, yet there was only a minor public outrage and it was quickly forgotten. No one was held accountable and the banks are the biggest they have ever been due to the mergers that occurred following the 2008 crisis. They even continue to lobby congress in their favor and have effectively blocked the reinstatement of Glass-Steagall, which allows them to continue the same practices which caused the 2008