I caught some of this - not enough really.
It's about the credit bubble, the change in wealth distribution since
the 1950s in 1st world economies, and IT IS BRILLIANT. Here's the blurb
on it from the C4 web site:
"In October 2008, Alan Greenspan, the Chairman of the
US Federal Reserve, admitted to Congress that he'd found
a flaw in his economic model of how the world works.
"He'd placed too much faith in the self-correcting power
of free markets. In a system based on the unsustainable
lending necessary to fuel continued spending, the world
found to its cost what happens when that credit bubble bursts.
"Drawing on interviews with leading world economists, The Flaw
attempts to explain - in unprecedented depth - the underlying
causes of the global financial crisis.
"Unless the root causes of the problem are addressed, the system
may collapse again, and next time it may not be possible for
governments to rescue it."
It's not available for download, but it does have a web site. Apparently
what was transmitted was a re-cut of a feature-length documentary, and
it will be on DVD eventually: <http://theflawmovie.com/synopsis.html>
If you didn't see it, GET THE DVD when it is available. It's the best
economic analysis so far I've seen, putting all the shenanigans over the
Euro , Greece, etc. into context. Obviously it has a US bias, but it's
none the worse for all that. And the cinematographer comes from Bristol
UK!
Regards,
Simonm
--
Simon D. Muir Landline: +44 (0)117-962-9761
Bristol, Skype (muirsimon) DDI: +44 (0)207-193-4761
United Kingdom Mobile: +44 (0)796-601-2038
Wednesday, 9 November 2011
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