Debtocracy

We are all Greeks today, are not we? This is a documentary produced by Greeks about Greece, the world they live in and the causes/ consequences of the odious debt which is strangling the nation. Watch it.

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Inequality for all

To recognize the World Day of Social Justice which was on 20 February, I watched this great documentary produced by Robert Reich, renowned US economist who has advised several US presidents and governments. Though this documentary is focusing on USA, it brings into light the danger of inequality anywhere; danger to people, to living standards, to democracy. In the film Mr Reich suggests to address the challenges of inequality through:

  • middle-out economy (opposed to trickle-down economy which is a pure myth),
  • investment in education (if anything, education can be a Troyan horse to reduce inequality);
  • putting the people first;
  • strict policy on tax justice and stopping tax breaks to ensure fair contribution by the rich to the society (higher concentration of money in fewer hands creates power and ability to influence politics and democratic processes).

He is calling for bigger social change which should should be triggered by society. Complacency won’t work. https://www.youtube.com/watch?v=0NdDupITDv8

Money and Life

During the last few years following the global financial crisis many films have been produced to explain the paradoxes of current economic/ political system and what are the real consequences and impact of modern capitalism on the state of economy, our lives and planet.

This particular film has managed to find the right balance of simplicity and quality of argument from analytical point of view. This is not a mainstream film and not everyone would find it easy to follow, but it does give a great insight into the history of money, money creation, consumerism, growth, enoughness, Wall street, financial sector, democracy, new alternatives, redistribution of resources and wealth, cooperation, Occupy movement etc.

Film is particularly critical about the financial sector which has doubled in its size over the last 14 years in USA and is simply taking over economy. It is not economically productive, but is becoming as a cancer of a real economy as it is sucking real resources out of it. One of the story tellers in the film claims: “if financial sector was working as Las Vegas gambling business, we would not be in that mess now.” This perfectly illustrates how out of control this sector is and how dangerously relaxed and asleep we still are. Watch this film and wake up.