The Media Education Foundation presents a Global Vision Production and a Danny
PLUNDER: THE CRIME OF OUR TIME
Exposing the forces responsible for the loss of trillions of dollars, millions
of jobs, massive foreclosures and the disappearance of retirement funds,
"Plunder: The Crime of Our Time" investigates the unregulated fraud and theft
that led to the market's collapse in fall 2008. Filmmaker Danny Schechter, Emmy
Award-winning former ABC News and CNN producer, explores the epidemic of
subprime mortgages, predatory lending, insurance scams, and high-risk hedge
funds to illustrate the connection between the housing market and the economic
collapse that followed. Schechter tells this story by speaking with bankers
involved in these activities, respected economists, insider experts, and top
journalists, including Paul Krugman, and convicted white-collar criminal Sam
Antar. A must for economics, business, and sociology courses, as well as anyone
who wants to understand the current financial situation.
The free market capitalism started with the deregulation of business the '80's by Ron Reagan and hasn't really stopped since. And what has happened: a US government that has to bail out bankrupt banks, Wall Street and other proponents of the free market theory.
If this were a truly free market capitalism without government subsidies we would not have the following:
schools, public transportation, including buses, trains, and air planes, affordable hospitals, gasoline and other oil products, large scale farming, nuclear power, coal fired power plants, gas fired generators, cars and trucks to drive, and much more to numerous to mention.
Withdraw government subsidies and guaranteed loans (recently $8 Billion to the nuclear lobbies) most of the fabric of our society would collapse.
Of course, there are some of the above that should be allowed to collapse: the nuclear industry, the bankers and wall street merchants who are consumed by greed (one of the 7 deadly sins) as well as the greedy CEO's and Boards of Directors who allow their companies to gouge people.
The recent Supreme Court decision to allow corporations (both foreign and domestic) the right to contribute as much money as they like to political campaigns only shows the complete breakdown of this democracy. If this travesty is not overturned with a constitutional amendment SOON, they I hope that the candidates will have honesty to wear the logos of the corporations who have purchased them - as do the NASCAR racers. And we should demand that the halls of Congress display these logos as well.
The "free" market costs the taxpayers trillions. So where is the free part?