In: Economics
Write a summary of The Inside Job in one paragraph (about 150 words).
Critically reflect on the main points and questions raised in the movie (do you agree with the main arguments, provide evidence from the movie and/or other relevant sources to support your answer—if you use other sources such as any data remember to cite sources following the APA citation style).
SOLUTION :
All around the world everyday some people are face a loss of wealth and, or, income as a direct result of the ability of this small group to impose its own agenda on us. Yet that group has emerged unscathed. They still rotate through the same jobs. They still try to teach at elite schools. They still control the academic agenda. They still run the same banks. They still staff the Treasury or the Federal Reserve Board. And they still dictate how our national wealth will be divided: 95% for them, 5% for the rest. Just the way it ought to be in a society where democracy has been weakened by decades of free market dogma, slipshod oversight, defunded government, and an extraordinary collapse in ethical standards.America is not what it was. It’s political system is with respect to job it horribly corrupted by the flow of money. Rich companies and individuals impose their views simply by dint of their ability to spend. The rest of us, those who object, are muted by the flow of cash that drowns out dissent. Supreme Court justices cavort in private jets and take cash sums for speaking to lobbyist groups. They then ask us to believe they are impartial.