Pages

Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Saturday, December 11, 2021

Four Horsemen (2012) - Official Version

 


The economic collapse of 2008 scared us. But little has changed since then. This 2012 film explains in fine detail why and how the global society operating within a system of neoclassical economics is in grave peril. All for the sake of a relatively small percentage of the population which controls the means of production, transport and resource extraction. The banks are complicit but they are not driving the system. It is a complex and complete network of actors, institutions, unsustainable laws, practices and methods. 

A debt/credit cycle that is now a growing negative equation. Resources are in decline. Investment is no longer needed to be productive. Banking is a pyramid scheme. The rich have access to government support while the middle and working classes are forced to fend for themselves with welfare dismantled globally. The housing crisis -  which spiked in 2009 but is still ongoing -  is a well known example of how this system functions. 

The situation with the ecology of the planet and its limited resources is the frame to this crisis that has not (yet) ruptured completely. The WWF’s Living Planet Report 2020 identifies five major categories of threat to biodiversity: land and sea changes, pollution, species overexploitation, invasive species and disease, and climate change. The size of the problem is illustrated by the report’s data that suggests 23 percent of land is now degraded (for example, the Amazon rainforest has lost 17 percent of its area in the last 50 years), while agricultural-land use is responsible for 80 percent of global deforestation. The oceans’ “dead zones” already encompass an area larger than the United Kingdom. A draft UN agreement envisages that in the next decade, at least one-third of the planet should be put under nature-conservation protection. This plan also includes targets for reducing the use of pesticides, cutting plastic waste, channeling some US$200 billion into developing countries and reducing harmful government subsidies by $500 billion per year.

If the global economic system is not dramatically reformed within the next decade the results will be catastrophic for hundreds of millions of people, if not the entire world's human population. There will be nowhere to go to avoid it. 

Ross Ashcroft's Four Horseman (2012) does a good job of examining the vast system that is the global economy. But on the micro and personal levels the film does not sufficiently question the ethics of wealth and accumulation. Innovation is seen as a ends in itself, rather than a focal point within the overall system of human society and how it relates to the limited resources of the planet. Four Horsemen uses a Christian ethic to justify wealth and a modernist interpretation of time to qualify a future that continues the exploitative motives of the present system but just with better rules (a 'salvation'). The film posits a capitalism managed better will be both sustainable and fair and that a two-party representative political system can still deliver the best for the majority of the population if we just get rid of lobbyists and money. I doubt these assumptions but unless action is taken to change these elements we will never know. Time is running out. 


Monday, August 16, 2021

Growing Pains: The Ecological Cost of an Insatiable Economy

 

A look at the global and political obsession with economic growth and the ecological and humanitarian consequences.

Tuesday, July 02, 2019

END:CIV


This film examines our culture’s addiction to systematic violence and environmental exploitation, and probes the resulting epidemic of poisoned landscapes and shell-shocked nations. Based in part on Endgame, the best-selling book by Derrick Jensen, END:CIV asks: “If your homeland was invaded by aliens who cut down the forests, poisoned the water and air, and contaminated the food supply, would you resist?” // Franklin López, Canada, 2011, 115' // 

Saturday, January 06, 2018

Catastroika - Privatization Goes Public


It was at the beginning of 1989 when the French academic Jacques Rupnik sat at his desk, in order to prepare a report on the state of the economic reforms in Mikhail Gorbatsov's Soviet Union. The term that he used in describing the death rattle of the empire was "Catastroika". In Yeltsin's time, when Russia instituted maybe the biggest and least successful privatization experiment in the history of humanity, a group of Guardian reports assigned a different meaning to Rupnik's term. "Catastroika" became synonym of the country's complete destruction by market forces; the sell off of public property; and the steep deterioration of citizens' living standards. Now, Catastroika's unit of measurement was unemployment, social impoverishment, declining life expectancy, as well as the creation of a new cast of oligarchs, who took over the country's reins. A few years later, a similar effort to massively privatize public property in unified Germany (which is presented as a model for Greece) created millions of unemployed and some of the biggest scandals in European history.


Nevertheless, Catastroika is a virus that attacks not only the countries that radically change their economic system (like Russia) or countries under financial occupation. In fact, maybe the most unsuccessful privatization examples occur in financial superpowers that theoretically have the financial strength to control their negative consequences. However, its consequences are the gravest and most frightening in countries which fell in the trap of foreign lenders and are obliged to proceed to mass privatization. The public property sell-off which takes place in Greece has been tried several times in similar circumstances.

The procedure always follows exactly the same steps: In the beginning, the government, in collaboration with mass media, starts a forceful attack against public servants, who are presented as responsible for all the country's financial woes. The myth of the overextended public sector is often based on manipulated data from organizations supported and supporting the government of the time. Concurrently, specific public organizations are deliberately left unsupported, exasperating citizens due to their inefficiency. The process is completed by the sell-off of even the most profitable public organizations at a fraction of their real value.

Catastroika's team is already travelling in many countries, collecting images, information and material on deregulation and privatization programs that have been implemented at the so-called "developed" world. The final result of the research is never black or white. The divide between the "social character" of the public sector vis-à-vis the inhumane face of the free market is equally simplistic as the theories of Milton Freedman that professed the need to privatize even the air that we breathe. The Greek case however supersedes the simple theoretical discussion on the role of the country in the economy.

Once more, the documentary will be distributed online under creative commons licence. The free circulation of Catastroika is not just an "obligation" to our co-producers. It is our deeper and, if you prefer, philosophical belief that each product of intellectual creation should be freely available to all. The current financial system, while based all the more on the production and management of information, is incapable by its nature to find a way to secure the remuneration of information creators. This is probably one of many dead-ends in the development of the economy's productive forces, which may soon threaten the bases of the current financial system. Because, as it is well known, every system that stopped the development of the productive forces fell apart -- and you can ask the feudalists about that...

http://www.catastroika.com

Saturday, September 30, 2017

Austerity is a Scam


A searing documentary looking at the pragmatics of what is called Austerity -  "difficult economic conditions created by government measures to reduce public expenditure" - in the UK today.

The present UK Conservative Party government came to power in 2010 but even before that national financial policy favoured the rich over the poor for decades. In 2008 the Labor Government of Gordon Brown responded to the global credit crisis by giving billions of Pounds to the banks. Neoliberalism has been an entrenched defining element in government social, educational and cultural policies in the West since the 1980s. We are now just seeing the endgame of it play out amid economies that have little room to maneuver outside the neoliberal model. When wealth is so concentrated in the hands of those that control the majority of assets, then the majority of the population will be brought to a point of suffering that will only be comparable to feudal societies.