Inside Job

Only available on StudyMode
  • Download(s): 46
  • Published: July 16, 2013
Read full document
Text Preview
Where would we be today if the “decision makers” would have made more acceptable decisions that affected the economy prior to the market crashing? Millions of middle-class Americans have been left jobless, and even homeless, as a result of the major corporations getting bailed out, while certain individuals were benefiting millions of dollars in bonuses. Following the Great Depression, the United States did not have a single financial crisis. However, according to Charles Ferguson, who is the director of Inside Job, the progressive deregulation of the financial sector since the 1980s gave rise to an increasingly criminal industry. In fact, many executives and leaders that were involved in this meltdown refused to answer questions, and some refused to interview for the documentary all together. The financial crisis of 2008 left many of us with many unanswered questions wondering how the most powerful nation in the world ended up with a destructed economy. The documentary Inside Job hunts down the culprits of the major financial institutions that had the biggest effect on the nation’s economy. The film attempts to provide a comprehensive understanding of the most important subject we have yet to face as a country; which is the worst financial crisis since the Depression, as well as holding those accountable who destroyed our financial system.

Inside Job exposes the shocking truth behind the economic crisis. Throughout the film, you feel yourself cringing more and more by each interview. This documentary not once uses the word ‘capitalism’, although it is implied throughout the entire duration. The underlying message about capitalism in the movie is that it mainly benefits the elite, and that it is a corrupt world of finance. The big banks and financial institutions molded the government policies in their favor. As the economy came crashing down, the owners and leaders of financial institutions walked away from the crisis with their personal accounts untouched, and in superb condition for what the entire global economy was going to face next. Joe Boustead, of Socialist.net, states “The truth is that in a capitalist mode of production anarchy rules, this in turn led to a massive crisis of overproduction, there were simply too many commodities being produced to be consumed as the individuals could either not afford them or simply had no need for them.” One by one, the big banks came crashing down, and more debt was being added to what would become the worst economic crisis in history.

Out of the various philosophers, Friedrich Nietzsche would be inclined to agree with the behavior of the Wall Street moguls and the politicians who were responsible for the “Great Recession.” Nietzsche is the philosopher of the will to power, seen as vital creation and fulfillment. He believed that humans and animals seek to live only to exert power and that each person should establish their own moral codes. As Nietzsche believed, “A living thing seeks above all to discharge its strength—life itself is will to power; self-preservation is only one of the indirect and most frequent.” As evidenced in the documentary, the government and executives sought to discharge their strength by partaking in self-preserving behaviors. While Inside Job exposed the criminal culture of Wall Street, a culture of lies, trickery, and corruption for power, it also exposed the widespread abuse of cocaine and prostitutes. Jonathan Alpert, a psychological counselor for Wall Street executives and professionals in the film, tells us that these practices “go right to the very top.” Nietzsche valued individualism above all else. He spoke negatively of anarchists, but he believed that only certain individuals should attempt to break away from the “herd.” That is the main reason I believe he would agree with the behaviors shown in this film. He would be inclined to believe that only certain individuals would be intelligent enough to take advantage of certain laws...
tracking img