Meltdown: The Secret History Of The Global Financial Collapse [Film]

Meltdown: The Secret History Of The Global Financial Collapse [Film]

Meltdown: The Secret History of the Global Financial Collapse paints a picture of the 2008-to-2010 global socio-economic sphere. It follows the banking bubble’s burst in September 2008, and the worldwide domino effect of troubles and uprisings that followed. The Financial Crisis Forced People To Recognize Global Interconnectedness Most notably, Meltdown: The Secret History of the Global Financial Collapse presents how the 2008-to-2010 financial crash and its effects stamped an imprint of global interconnectedness into people’s worldviews, especially those of bankers, economists and politicians, forcing a revision on issues of global-scale responsibility and interdependence. Meltdown: The Secret History of the Global Financial Collapse takes the viewer through the times before the 2008 financial crash, when there was little acknowledgement or concern about the vast reaching implications of global interconnectedness, as New York Times’ Andrew Ross Sorkin points out in the first part of the movie, about how people in New York did not take the English bank Northern Rock’s crash as a warning sign: People in New York saw the crash of the Northern Rock bank in England as ‘that’s happening over there, that’s not happening here.’ The sense of interconnectedness was not realized until the very last moment.” … to 2010, a time when the change in people’s sensitivities to globally connected relationships became felt, as IMF Managing Director Christine Lagarde mentions in the film’s final part: Everyone has changed in this crisis. When the real estate and financial bubbles burst, it caused an examination of conscience about the creation of wealth, how resources should be allocated, the sharing of wealth, how countries relate to each other, what defined well-being. On those issues, we...