This essay is a film analysis that is based on the movie by the name Inside Job, which was directed by Charles Fergusson that is currently being played at theater. The essay includes the plot of the movie, it analyses characters, and then gives my own thought of the story of the movie in general.
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Amongst the first movies that exposes the reality that shocks about the truth that that is perceived to cause the 2008 economic crisis. It begins with a state that is much stable and very wealthy. The state had high level of democracy, and very low unemployment rate. Later the state falls into financial problems due to its regulations dating back to the era of Reagan.
This problem which amounted to more than $ 20 trillion led to millions and millions of individuals becoming unemployed and loosing homes in the recession that could be described as worse after the great depression in 1930s, problem was just about to give rise to global financial downturn.
By the use of extensive research and interviews, these involved stakeholders in finance, politics, journalism and the academicians, this film investigates the coming up of a rogue firm, which is much affected by corruption, bad politics, poor regulations and academicians.
Many characters that were much interesting in the movie were interviewed. On the other hand, many others forming the foundation of this movie purportedly refused to be interviewed.
Amongst these who accepted the interview, like Hubbard, who was from the Colombian School of Business, and who also performed as economic advisor in the former regime of President Bush, heavyweights like Paul Volker, professionals in finance like Minyanville were caught unaware with certain interview questions, as they provided answers that were revealing, as they gave responses that might be considered as being priceless.
The major objective of this movie is to bring out the reality that led to the economic crises in the year 2008. This film very rich with information, and Ferguson played his part well in explaining all the financial terms which have been now and then been mentioned by CNN, and in most cases had no meaning to most of the people.
Generally, this film borrows more from Michael Moore, when talking about capitalism. This film has used humor to bring out the reality behind the hysterical claims for banks deregulations. The film tries to show a canvas that is very large, and has moved from generation to generation and describes relations among agencies, rampant gluttonous and very corrupt habit.
In addition, it explains on how tax payers’ money is being wasted on prostitute and drugs by these in power. Amongst other things that brought value in the movie were the interviews that Ferguson used. They also provided different perceptions concerning the reasons and impacts of the 2008 economic recession.
However, the film does not explain at all the advantages of and circumstances that come after the crisis times. It is true that it can never happen to be that all decisions concerning finance are wrong, nor that all individuals involved in business are corrupt and bad.
In addition, the film portrays all economists, elites and all involved in politics to be bad. It was just by bad luck the majority of them had no powers, were easily cheated, not brave and even greedy, to a point of not even not assisting millions and millions of Americans not to lose their livelihood, their homes and even their country at large.
In conclusion, The Inside Job film is the best primer about the 2008 economic recession, for all those that have never followed the situation, on the reason that, they either have no or have little knowledge about finance and economics it follows the slogan that getting angry after having a thought about a crisis, will make one more angrier after watching this film.