Question
The film The Big Short is one of the better films about the economic recession of 2007. Without going into too many technical details, the
The filmThe Big Short is one of the better films about the economic recession of 2007. Without going into too many technical details, the film shows several things: (a) the financial industry is a kind of high tech, socially respectable gambling, (b) the name of the game in finance is merely to get a larger share of what others produce, (c) the interests of those in the game concern only the "team" (managers and investors) not the other teams or the rest of society, and (d) though it is all considered "private," the consequences of financial actions are totally public, and everyone suffers for the mistakes of others. Is Wall Street's view of itself (presented here) different from the Mainstreet view of most people about capitalism? Do the bare facts shown here imply a moral indictment of capitalism, or do most Americans simply accept the Me-first ethic driving finance? How much of Main Street's acceptance of Wall Street has to do with their nice suits, their hard work, the legality of the system, and most American's loyalty to the capitalist ideals?
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