Thursday, November 10, 2011

Film Review: Inside Job


I just viewed Inside Job, an award winning documentary about the late 2000 Financial Crisis. The film starts as an indictment of Wall Street and the US Political System. It ends with an indictment of Academia and the Economics profession. Neoliberal corruption of US institutions runs very, very deep.

The film makers also produced a study guide (available here). I particularly liked the interviews with Raghuram Rajan, an economist who saw the financial crisis coming in 2005 and a sweating economist, Glen Hubbard, one of President George W. Bush's economic advisor (currently Dean of the Columbia Business School) and architect of the 2003 Bush Tax cuts, who did not see the crisis developing.

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