An unregulated global financial market with the power to create money from nothing to finance high stakes financial speculation — with an expectation that government will step in with bailouts when things go bad — is an invitation to financial disaster.
— David Korten (1937), When Corporations Rule the World, 2001, p 290.
(Charles Ferguson, Inside Job, 2011)
(Collapse, While the Rest of Us Die: Secrets of America's Shadow Government, Episode 5, Season 1, Vice, 2020)
(Collapse, While the Rest of Us Die: Secrets of America's Shadow Government, Episode 5, Season 1, Vice, 2020)
Something Worth Fighting For
Charles Ferguson (1955)
Inequality in wealth, in the United States, is now higher than in any other developed country. …
For the first time in history, average Americans have less education and are less prosperous than their parents. …
For decades, the American financial system was stable and safe.
But then something changed.
The financial industry turned it's back on society, corrupted our political system and plunged the world economy into crisis.
At enormous cost we've avoided disaster, and are recovering.
But the men and institutions that caused the crisis are still in power …
[They] tell us that we need them.
[That] what they do is too complicated for us to understand.
[That] it won't happen again.
They will spend billions fighting reform.
[That needs to change.]
It won't be easy.
But some things, are worth fighting for.