Irish Economist David McWilliams investigates the causes of the Economic crisis arising from the last decade.
David McWilliams surveys the wreckage of the global economy and points to the worrying, but potentially transformative challenges ahead.
David travels the world, from Europe to America to China, Australia to Latin America surveying the wreckage that has been caused by the great meltdown. He discovers that this was a crisis that was avoidable, yet ironically necessary if we are to deal with the real crisis that lies just over the horizon: creating an economy that can sustain our society for the long term.
Part 1 – Who Killed the Economy?
In Episode 1 `Who Killed the Economy?’ we go on a forensic investigation to work out the root cause of the Global Financial Crisis. Using the analogy of ‘easy credit’ as a form of drug that we all became addicted to, David guides us through a tangled web of this economic underworld – the seduction we all went through, our increasing need for more and more credit, shady back door banking deals, blatant corruption, greed and blind witnesses. We climb the various levels of the economic drug pyramid from the streets where the quality of the drug was diluted by the many dealers taking their cut, back up to the top where the drug was at its purest. We explore the workings of the cartel – who was making it, who was pushing it, who was using it, who was turning a blind eye and who was making a massive profit.
Part 2 – Nowhere to hide
In Episode 2, “Nowhere to Hide”, David takes a road trip through the economic badlands, revealing the inescapable global reach of crisis, from bankrupt Iceland to struggling Honduras. Now that the credit meltdown has peaked, it’s left debris spread throughout the real economy. What we are witnessing is the ebbing tide of a failed ideology, supercharged capitalism, says David. And in its place are the skeletons of industries that can’t adapt to the downside of globalisation.
Part 3 – Peak Everything
The party is over. Having barely survived a complete collapse of the financial system, the global economy is tottering on the brink. we’ve reached the limits of what our desires demand of the planet and what it can deliver. We’re reaching Peak Everything and the question is whether we can manage the change or will we let the changes manage us. Economist and author David McWilliams consults some of the most innovative and exciting developments around the globe as we embark on a quest for re-building a sustainable economy and a sustainable planet.
Reviews
Best Documentary on 2008 financial crisis todate! 5 Stars
- The Ascent of Money by Niall Ferguson was produced before the financial crisis of 2008 hit, a wonderful documentary by itself it detailed the financial history of how today’s use of money has came about, it has only scratched very little on the crisis itself. I wish there is a documentary of the same quality about the crisis itself. Enter Addicted to Money! The best dissectable 'for the general public' documentary on the crisis has got the whole world into trouble to date!
A remarkable achievement on par with the best BBC natural history unit has produced. Addicted to Money is able to make its intended audience understand the magnitude of the troubles the world is in right now. The documentary contains data I read from other sources concerned with the same issue, but unlike those books I read, this documentary was much more accessible. Any one watched it would take the news of recovery of nations around the world even china with a gram of salt, because Addicted to money shows you why one wrong move would push us over the edge yet again…
A must watch for anyone whom wants to have more understanding on the biggest financial crisis of the 21st century and the past 60 years.
- 28 Dec 2009 )
Excllent review of Global finance 5 Stars
Extremely well done documentary, explaining the global financial mess, includes Australia and the possibly changing future of where all of us are heading money wise with the direct impact on every one of us.
Well Done 10/10
- 22 Nov 2009 )
Addicted to Money: Part 1 – Who Killed the Economy?
October 7, 2009
Trailer for part 1 of the three part series, Addicted To Money
Who Killed the Economy?
In Episode 1 `Who Killed the Economy?’ we go on a forensic investigation to work out the root cause of the Global Financial Crisis. Using the analogy of ‘easy credit’ as a form of drug that we all became addicted to, David guides us through a tangled web of this economic underworld – the seduction we all went through, our increasing need for more and more credit, shady back door banking deals, blatant corruption, greed and blind witnesses. We climb the various levels of the economic drug pyramid from the streets where the quality of the drug was diluted by the many dealers taking their cut, back up to the top where the drug was at its purest. We explore the workings of the cartel – who was making it, who was pushing it, who was using it, who was turning a blind eye and who was making a massive profit.
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