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Inside Job

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Money & Finance

Inside Job
A documentary film directed by Charles Ferguson, produced by Charles Ferguson, Audrey Marrs & Jeffrey Lurie & narrated by Matt Damon for Mongrel Media & Sony Pictures Classic.
Official trailer embedded above. Search online to watch the full movie here.

In the wake of the Global Financial Crisis of 2008, filmmaker Charles Ferguson sets out to find out how and by whom it was caused. This involves understanding and explaining complex financial instruments (like sub-prime mortgages and collateralised debt obligations), the governance of international finance and its deregulation (and its consequences), eye-watering banking losses (over $20 trillion), the organisations and individuals responsible for this happening (in financial services, government, academia) and the people plunged into poverty and homelessness after defaulting on their mortgages. The complexity is explained clearly in the film by narrator Matt Damon. And by the talking heads who Ferguson recruits to talk about what happened, their role in it, how they see their responsibilities, why so much public money was spent bailing them out, and why none of them went to jail. For many audience members, it’s shocking to see executives explaining how business works on camera. The logics and passions that drive their work, and the values that they express, can seem removed from the world, callous and dehumanising. But the experts who come out of this film looking worst are the academic economists. One of the biggest impacts of this film is the way that it encourages university business schools to look more closely at their ethics. Who are economists working for, and how responsible is their education of new generations of economists if their ideas remain unchanged after the Crisis? This is another example showing how important and how difficult it is to ‘follow the money’. But like any following study, it’s also about the ways that responsibility – in this case, for a colossal economic injustice – is understood, shared, taken. And where it isn’t. The solution sees obvious to many – regulation! But it’s not happening. If one film was going to cause a revolution, one commentor states, it would be this one. And this is just a taster page for this film. We’ll add much more detail later…

Page reference: Dom Ebbetts, Dave Simpson, Michael Brent, Mickey Franklin, Tommy Sadler & Charlie Timms (2024) Inside Job (taster). followthethings.com/inside-job.shtml (last accessed <insert date here>)

Estimated reading time: 12 minutes.

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The Luckiest Nut In The World

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Grocery

The Luckiest Nut In The World
An animated film written, produced & Directed by Emily James for Fulcrum TV, broadcast in the UK on Channel 4’s Alt-TV series.
Film embedded in full above. Search online for shorter versions and versions with subtitles here.

Who better to explain the rules of international trade than a commodity that has seen it all? An American peanut who wears a stetson hat, plays the guitar, and sings songs about the rules of world trade that work in his favour. Along the way he enlists help from experts and from public information films. Yes, he’s the ‘luckiest nut in the world’ and, as he learns about other less lucky nuts around the world (groundnuts in Senegal, cashew nuts in Mozambique, and brazil nuts in Bolivia), he finds out that it doesn’t have to be this way. All of the world’s nuts – and the people and economies that could benefit from growing and selling them – could be just as lucky is the rules governing world trade werenā€™t stacked against them. Filmmaker Emily James uses animation to do the impossible: to make these rules, and the inequalities they help to create, not only understandable but entertaining. The film becomes a hit with school teachers. Some of their students say they’re bored with its content, but others say they canā€™t help humming the songs, mouthing their WTO lyrics. Itā€™s a catchy way to learn some pretty boring but important information about hope the world works (and years before Horrible Histories began). This is an early example of animated film doing what and academic cook or a documentary films cannot. In this case, making abstract content accessible, making the hidden visible, and explaining trade injustice to wider publics in an engaging – funny, weird, you name it – way. ‘What would commodities tell us about their lives if they could talk?’ is an intriguing question that’s answered in some of the earliest follow the thing ā€˜it-narrativeā€™ writing [see our page on a 1760 travel novel written by a coin here]. ‘What would a commodity sing about its life if it could ā€¦ um ā€¦ sing?’ is a question answered, in our experience, only by this film. Thank you Emily.

Page reference: Ian Cook et al (2011) The Luckiest Nut In The World. followthethings.com/the-luckiest-nut-in-the-world.shtml (last accessed <insert date here>)

Estimated reading time: 19 minutes.

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Employee Visualisation Appendage

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Fashion

Employee Visualisation Appendage
A conference talk prank by The Yes Men at a ‘Textiles of The Future’ conference in Tampere, Finland – filmed & featured in ‘The Yes Men’ movie.

Cultural activists and ‘identity correctors’ The Yes Men set up a fake World Trade Organisation (WTO) website and offer a man called Hank Hardy Unruh to speak at conferences on its behalf. The organisers of a ‘Textiles of the Future’ conference in Finland believe the website is genuine and invite him to give a talk. In the conference hall, the audience watch his assistant ripping off his business suit to reveal a gold lamĆ© telematic suit underneath from which he inflates a huge phallus. This ’employee visualisation appendage’, they say, will allow future managers to give electric shocks to sweatshop workers when their productivity levels dip. To the Yes Men, this gold lamĆ© performance exaggerates to ridiculous proportions the inhumanity of the WTO’s neo-liberal ideology and its dehumanisation of supply chain workers. It’s outrageous and kind of obscene (both the ideology and their performance). Movie audiences find it hilarious. But why is there such a muted reaction in the hall? And what impacts (if any) might these reactions have on the lives of workers in textile supply chains? This compilation page is arranged a little differently than others on our website because this prank had two audiences: the conference delegates and the movie audiences. We find this example fascinating. It’s fair to say that it’s memorable. But where – and upon whom – did it make an impact?

Page reference: Tom Best, Tom Gibson, Beth Massey, Chloe Rees, Kate Ross & Jemma Sherman (2019) Employee Visualisation Appendage. followthethings.com/employee-visualisation-appendage.shtml (last accessed <insert date here>)

Estimated reading time: 47 minutes.

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