Wednesday, October 27, 2010

A forthcoming film on the financial crisis looks at the planned implosion of US prosperity

How do the rich get richer? Paradoxically, they collapse the economy, according to the in-the-works documentary "Heist," which says there was nothing accidental about the current global financial crisis. Its roots are in Reaganomics and financial industry deregulation, and beginning in the 1970s it started decades of wealth transfer to the US's top 1% asset-holders from everybody else.

From the website:

The collapse of America's economy is the result of conscious choices made over thirty five years by a small number of other Americans: mostly leaders of corporations and their allies—the ones who “make things happen”—people like Alan Greenspan, Robert Rubin, Hank Paulson, Phil Gramm, Larry Summers—and the biggest lobbying interest in Washington, D.C., the U.S. Chamber of Commerce. To this small group, our country’s economic collapse is not a catastrophe, but rather the planned outcome of their long, patient work. Their just reward. For the rest of us, it is merely the biggest heist in American history.

Heist tells the story of how corporations and their political allies in Congress orchestrated the greatest theft in history -- the robbery of Americans' prosperity, savings, and retirement security.

The website features a video trailer which we were unable to embed here, but is worth watching, plus background info and links to action groups.

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