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Economics


Economics



FREE LUNCH SOCIETY

By Christian Tod

What would you do if your income was taken care of?

Just a few years ago, an unconditional basic income was considered a pipe dream. Today, this utopia is more imaginable than ever before - intense discussions are taking place in all political and scientific camps.

FREE LUNCH SOCIETY provides background information about this idea and searches for explanations, possibilities and experiences regarding its implementation.

Globalization, automation, Donald Trump. The middle class is falling apart. One hears talk about the causes, rather than about solutions. Time for a complete rethinking:

An unconditional basic income means money for everyone - as a human right without service in return! Visionary reform project, neoliberal axe to the roots of the social state or socially romantic left-wing utopia? Depending on the type and scope, a basic income demonstrates very different ideological visions. Which side of the coin one sees depends on one's own idea of humankind: inactivity as sweet poison that seduces people into laziness, or freedom from material pressures as a chance for oneself and for the community. Do we actually need the whip of existential fear to avoid a lazy, depraved life in front of the TV set? Or does gainful employment give our lives meaning and social footing simply because we haven't known anything else for centuries? And because we've never all had the freedom to self-actualise in other ways?

That basic income is a powerful idea is indisputable: land, water and air are gifts of nature. They are different from private property that humans create by their individual effort. However, when we receive wealth from nature, from the commons, then that wealth belongs to all of us equally.

From Alaska's oil fields to the Canadian prairie, from Washington's think tanks to the Namibian steppes, the film takes us on a grand journey and shows us what the driverless car has to do with the ideas of a German billionaire and a Swiss referendum. FREE LUNCH SOCIETY, the first international film in cinemas about basic income, is dedicated to one of the most crucial questions of our times.


DVD (English, German, Color, Closed Captioned, With English Subtitles) / 2017 / 92 minutes

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WHEN BANANA RULED

By Mathilde Damoisel

Bananas are everywhere: Americans eat nearly 10 billion of them per year, consuming more pounds of bananas than apples and oranges combined.

WHEN BANANA RULED tells the story of the men who made bananas the most ubiquitous fruit in the world, through a multinational empire that dominated production and sales, overthrew governments, and created a business model still largely used by today's tech giants.

The story of bananas as commodities begins with a failed railway project started in Costa Rica in 1871, led by American Minor Cooper Keith. When the Costa Rican government defaulted on its payments to Keith for its construction, the businessman faced ruin. His salvation? Bananas. Keith would go on to co-found the United Fruit Company and within decades - after a concerted campaign led by the father of public relations, Edward Bernays - bananas became a staple of the North American diet. Animated mascot Miss Chiquita Banana was a pop culture icon, doctors recommended bananas as an ideal food for children, and bananas popped up in movies and Broadway musicals.

But, as WHEN BANANA RULED documents, the entire enterprise was built on a rapacious, imperialist business model that required the domination of countries including Guatemala, Honduras, and Colombia. United Fruit took over critical national infrastructure like railways and ports, rapidly expanded plantations by displacing small (often Indigenous) farmers, bought itself favorable legislation, and, like today's largest companies, sheltered profits offshore to avoid taxes.

Life on the plantations was a world within a world: A strict hierarchy with white managers from the best business schools, foremen from the US South (recruited for their knowledge of slavery), and black laborers paid largely in company food coupons and strictly forbidden to unionize. When a new, revolutionary government was formed in Guatemala, United Fruit's plantations were nationalized. What happened next came straight from the playbook that would dominate US foreign policy in the region: claim a Communist threat, persuade legislators back home of its dangers, bomb the country, and install a new, pro-American and pro-business regime.

Using a rich trove of archival footage and documents, including letters to and from lobbyists, telegrams, vintage ads and movie clips, and gorgeous, hand-tinted stills, WHEN BANANA RULED is a story of intrigue that touches on economics, international politics, the history of multinational business and reveals how an array of forces conquered the world through a simple fruit.


DVD (Color, Closed Captioned) / 2017 / 52 minutes

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WECONOMICS: ITALY

Directed by Melissa Young and Mark Dworkin

Weconomics: Italy reports on the extensive and innovative cooperative economy in the region around Bologna.

The Emilia-Romagna region in northern Italy has one of the highest concentrations of cooperative businesses in the developed world. The capital, Bologna is an industrial powerhouse, where prosperity is widely shared, and cooperatives of teachers and social workers play a key role in the provision of government services.


DVD / 2016 / (Grades 9-12, College, Adult) / 19 minutes

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CHICAGO BOYS

By Carola Fuentes and Rafael Valdeavellano

After the 1973 coup which brought Augusto Pinochet to power, a group of Chilean economists were given the power to turn Chile into a laboratory for the world's most radical neo-liberal experiments.

These men, including Sergio de Castro and Rolf Luders, both of whom would serve as ministers of finance during the Pinochet years, met in the 1950s at the University of Chicago, where they studied under the famed economist Milton Friedman, and the man who would become their mentor, Arnold Harberger.

CHICAGO BOYS is their story from their student days through the dictatorship, told by the Chicago Boys themselves. Could their program for 'economic freedom,' such a drastic restructuring of the Chilean economy, only have been implemented by an authoritarian regime? What were they willing to do to achieve their goals? And how do they see the long-term results today?

Even though they do eventually acknowledge some of the darker sides of their work, Luders "couldn't care less about inequality," de Castro feels bad for the torturers, and they all seem completely baffled by those Chileans who have filled the streets, for five years now, in protest against their legacy.


DVD (Color) / 2015 / 85 minutes

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DEBT MACHINE

What exactly is public debt? And why has it been spiraling for years?

This documentary takes viewers on a fascinating journey through the rugged landscape of economics, and renders it more human. Fast-paced and dynamic, and packed with offbeat images, it recounts the history of sovereign debt from the late Middle Ages to the present day. It highlights at top speed the current crisis and points viewers in the direction of unexpected exit routes to safeguard the Euro zone from future crises.


DVD / 2015 / 52 minutes

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GENERATION JOBLESS

In Canada, while the economic recovery has eased for many, the youth unemployment rate remains staggering-double that of the general population. The documentary Generation Jobless explores the crisis of over-educated youths being underemployed, scraping by in low-paid, part-time jobs that do not require a degree just to pay off their debt while struggling to find real jobs. Some call them the lost generation, but it is not only young people who will pay the price.

If this generation is unable to forge a way into the economy, whose taxes will support the social safety net? If young people can't afford to buy homes, will the real estate market come crashing down again?

Youth unemployment and underemployment is a ticking time bomb with consequences for everyone.


DVD / 2015 / 43 minutes

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CAPITALISM

Capitalism has been the engine of unprecedented economic growth and social transformation. With the fall of the communist states and the triumph of "neo- liberalism," capitalism is by far the world's dominant ideology. But how much do we understand about how it originated, and what makes it work?

CAPITALISM is an ambitious and accessible six-part documentary series that looks at both the history of ideas and the social forces that have shaped the capitalist world.

Blending interviews with some of the world's great historians, economists, anthropologists, and social critics, with on-the-ground footage shot in twenty-two countries, CAPITALISM questions the myth of the unfettered free market, explores the nature of debt and commodities, and retraces some of the great economic debates of the last 200 years.

Each fifty-two minute episode is designed to stand alone, making these ideal for classroom use or as an additional resource for students:

Episode 1: Adam Smith, The Birth of the Free Market
Capitalism is much more complex than the vision Adam Smith laid out in The Wealth of Nations. Indeed, it predates Smith by centuries and took root in the practices of colonialism and the slave trade.

Episode 2: The Wealth of Nations: A New Gospel?
Adam Smith was both economist and moral philosopher. But his work on morality is largely forgotten, leading to tragic distortions that have shaped our global economic system.

Episode 3: Ricardo and Malthus: Did You Say Freedom?
The roots of today's global trade agreements lie in the work of stockbroker David Ricardo and demographer Thomas Malthus. Together, they would restructure society in the image of the market.

Episode 4: What If Marx Was Right?
Have we gotten Marx wrong by focusing on the Communist Manifesto instead of on his critique of how capitalism works - a critique that is relevant and as penetrating as ever?

Episode 5: Keynes vs Hayek: A Fake Debate?
The ideological divide between the philosophies of John Maynard Keynes and Friedrich Hayek has dominated economics for nearly a century. Is it time for the pendulum to swing back to Keynes? Or do we need a whole new approach that goes beyond this dualism?

Episode 6: Karl Polanyi, The Human Factor
An exploration of the life and work of Karl Polanyi, who sought to reintegrate society and economy. Could the commodification of labour and money ultimately be as disastrous as floods, drought and earthquakes?

CAPITALISM is an impressive series that makes economics accessible through an interdisciplinary approach that explores the work of great thinkers, while embedding economics in specific social, political, and historical contexts.

The series features some of the world's top economists, historians, anthropologists, and sociologists, including Thomas Piketty, Noam Chomsky, Yanis Varoufakis, Nicholas Phillipson, Kari Polanyi Levitt, David Graeber, and Abraham Rotstein.


3 DVDs (Color, Closed Captioned) / 2014 / 320 minutes

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DETROPIA

Directed by Heidi Ewing and Rachel Grady

A vivid portrait of Detroit, America's first major post-industrial city, as it struggles to deal with the consequences of a broken economic system.

Detroit's story has encapsulated the iconic narrative of America over the last century...the Great Migration of African Americans escaping Jim Crow; the rise of manufacturing and the middle class; the love affair with automobiles; the flowering of the American dream; and now the collapse of the economy and the fading American mythos.

With its vivid, painterly palette and haunting score, DETROPIA sculpts a dreamlike collage of a grand city teetering on the brink of dissolution. These soulful pragmatists and stalwart philosophers strive to make ends meet and make sense of it all, refusing to abandon hope or resistance. Their grit and pluck embody the spirit of the Motor City as it struggles to survive postindustrial America and begins to envision a radically different future.


DVD / 2012 / (Grades 10-12, College, Adult) / 86 minutes

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SHIFT CHANGE

Directed by Melissa Young and Mark Dworkin

Investigates employee-owned businesses that provide secure, dignified jobs in democratic workplaces even in today's economic crisis.

Shift Change: Putting Democracy to Work tells the little known stories of employee-owned businesses that compete successfully in today's economy while providing secure, dignified jobs in democratic workplaces.

With the long decline in US manufacturing and today's economic crisis, millions have been thrown out of work, and many are losing their homes. The usual economic solutions are not working, so some citizens and public officials are ready to think outside of the box, to reinvent our failing economy in order to restore long term community stability and a more egalitarian way of life.

There is growing interest in firms that are owned and managed by their workers. Such firms tend to be more profitable and innovative, and more committed to the communities where they are based. Yet the public has little knowledge of their success, and the promise they offer for a better life.

Amongst the organizations featured in SHIFT CHANGE are:

Mondragon Cooperative Corporation - Begun in the 1950s, the Mondragon co-ops have transformed a depressed area of Spain into one of the most productive in Europe with a high standard of living and an egalitarian way of life. They are owned and managed by their workers. Seeing the achievements of the MCC helps to overcome the idea-widespread in North America-that worker run cooperatives can only exist on the economic fringe.

The Evergreen Cooperatives in Cleveland, OH - This is an ambitious urban redevelopment model, directly inspired by Mondragon, where local institutions and public officials are supporting green cooperatives of previously marginalized, predominantly African American workers, who provide commercial laundry services, install solar energy systems, and grow vegetables in vast urban greenhouses.

Arizmendi Association of Cooperatives, San Francisco, California - Started 30 years ago, there are now six of these independent worker owned and managed cooperative bakeries that work together to provide the financial and legal services they need, and to incubate new coop bakeries.

Equal Exchange, Boston MA: Founded in 1986, Equal Exchange is one of the largest roasters of fair trade coffee in the world.


DVD / 2012 / (Grades 10-12, College, Adult) / 69 minutes

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MARX RELOADED

By Jason Barker

MARX RELOADED is a cultural documentary that examines the relevance of German socialist and philosopher Karl Marx's ideas for understanding the global economic and financial crisis.

The recent crisis triggered the deepest global recession in 70 years and prompted the US government to spend more than 1 trillion dollars in order to rescue its banking system from collapse. Today the full implications of the crisis in Europe and around the world still remain unclear. Nevertheless, should we accept the crisis as an unfortunate side-effect of the free market? Or is there another explanation as to why it happened and its likely effects on our society, our economy and our whole way of life?

Today a new generation of philosophers, artists and political activists are returning to Marx's ideas in order to try to make sense of the crisis and to consider whether a world without or beyond capitalism is possible. Is the severity of the ongoing recession a sign that the capitalist system's days are numbered? Ironically, 20 years after the fall of the Berlin Wall, could it be that communism might provide the solution to the growing economic and environmental challenges facing the planet?

Written and directed by Jason Barker - himself an experienced writer, lecturer, translator and doctor of philosophy - MARX RELOADED includes interviews with leading thinkers on Marxism, including those at the forefront of a popular revival in Marxist and communist ideas. The film also includes interviews with leading skeptics of this revival as well as light-hearted animation sequences which follow Marx's adventures through the matrix of his own ideas.

Interviews with leading experts include: Norbert Bolz, Micha Brumlik, John Gray, Michael Hardt, Antonio Negri, Nina Power, Jacques Ranciere, Peter Sloterdijk, Alberto Toscano, and Slavoj Zizek.


DVD (Color, Closed Captioned) / 2011 / 52 minutes

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KAPITALISM: OUR SECRET RECIPE

By Alexandru Solomon

When George Becali's limousine was stolen in 2009, he didn't call the police. Instead, Becali - one of the wealthiest men in Romania - turned to his personal bodyguards. They tracked down the alleged thieves, then captured and tortured them. Becali was imprisoned briefly. Soon after his release, he was elected to the European Parliament.

Few stories better illustrate contemporary Romanian economic and political realities: the fluid line between private wealth and political power, and the egos of wealthy men who see their own actions as above the law.

Becali is one of the rich and powerful Romanian magnates who have dominated the post-Communist Romanian economy, and to whom filmmaker Alexandru Solomon introduces us in his startling documentary Kapitalism: Our Secret Recipe.

With the 1989 fall of the Ceausescu regime the future seemed bright. Freed from its tyranny, Romanians looked forward to a capitalist, entrepreneurial age marked by freedom and a higher standard of living.

Twenty years later, Romania has the smallest GDP of all former Communist countries, with a third of the economy controlled by a small group of millionaires. Meanwhile, spending on infrastructure has stagnated: Romania's roads rank 110th in the world. Kapitalism: Our Secret Recipe seeks to understand how this came to pass - how public assets enriched very few, to the detriment of the country.

Rather than trying to understand the elite from a distance, Solomon sits down with them and asks them pointed questions. And they are surprisingly forthcoming in their responses.

Take Dan Voiculescu, the Vice-President of the Romanian Senate, who leveraged a job with a state-controlled export company into a net worth in the billions. Speaking in his palatial home, under an oil painting of himself, Voiculescu makes no apologies: a small group of people were in a position to get rich, and they did.

Then there's Dinu Patriciu, who bought a state-owned oil refinery valued at 615 million Euros for only 50 million Euros - then sold it a few years later for two billion. By its very nature, capitalism in a transitional period is "immoral" he says.

Intermingled with the interviews, are whimsical but effective animated sequences that use clay, LEGO and Playmobil to visually highlight key points and clearly demonstrate labyrinthine transactions. In addition to its personal interviews with the oligarchs, Kapitalism also depicts them at a distance, on television screens overlooking Bucharest, for instance. Here, they are remote, unapproachable - as most Romanians would experience them.

Ultimately, what Kapitalism suggests is that not much has changed over the last 20 years. The film imagines Ceausescu returning from the dead to tour the country now, and finding much to like. "You have maintained the three pillars of the Communist Party," this imaginary Ceausescu tells a group of assembled magnates. "Prejudice. Corruption. Relationships."


DVD (Color) / 2010 / 55 minutes

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BANKING THE UNBANKED

By Sarah Vos

Ever since microfinance entrepreneur Muhammad Yunus won the 2006 Nobel Peace Prize, microfinance projects have played a growing role in international development.

For executives like Reliance Financial CEO Baboucarr Khan and COO Ismaila Faal, the field offers opportunities to raise people out of poverty - and to make money.

Banking the Unbanked is a verite documentary that follows Khan, Faal and other members of the Gambia-based Reliance team as they try to build the bank into a viable West African financial institution. Their target clients: those who make under five dollars a day. Taxi drivers. Small shopkeepers. Seamstresses. Fishermen.

Running the company weighs heavily on Khan. We see his frustration when construction on a new branch is not only sloppy but also behind schedule. And he is taken to task by the board of directors for an outburst against the Central Bank of Gambia - Reliance's regulator - after it issues a scathing report on some of the bank's practices. Meanwhile, members of the Reliance senior management team participate in an executive leadership program run by a Dutch university.

As Reliance falters, microfinance consultant Craig Feinberg urges a harder line on defaulting creditors - and suggests the possibility of getting out of small loans altogether, concentrating instead on wire transfers and foreign exchange.

Banking the Unbanked captures the tension and drama in the surprisingly cut-throat world of microfinance - a world where many small loans add up to a whole lot of money. Can promoting development by lending to those at the bottom of the economic ladder co-exist with the need to provide investors with attractive rates of return?


DVD (Color) / 2009 / 56 minutes

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RISE OF DISASTER CAPITALISM (NAOMI KLEIN)

The Rise of Disaster Capitalism features Naomi Klein explaining the ideas and research behind her bestselling book, The Shock Doctrine: The Rise of Disaster Capitalism. In this riveting lecture and interview, Klein challenges and exposes the popular myth of the free market economy's peaceful global victory.

Around the world there are people with power who are cashing in on chaos, exploiting bloodshed and catastrophe to brutally implement their policies. They are the shock doctors. From Chile in 1973 to Iraq today, this is the chilling tale of how a few are making a killing while more are getting killed.


DVD / 2009 / 77 minutes

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WE ALL FALL DOWN: THE AMERICAN MORTGAGE CRISIS

Directed by Gary Gasgarth

This timely and informative documentary chronicles the history of America's mortgage finance system, from its origins in the 1930s, when the federal government first made available long-term, fixed-rate loans to new American homeowners, to its current state of crisis, after an excess of risky mortgage financing led to the system's collapse, which in turn triggered a wider economic recession.

WE ALL FALL DOWN features dozens of interviews and commentary from a wide variety of industry experts and Wall Street insiders-including mortgage brokers, appraisers, bankers, lawyers, analysts, sellers and buyers, and economics scholars-who explain in terms clearly understandable to the lay viewer such concepts as the "subprime" mortgage market, the financial alchemy of "securitization" whereby Wall Street banks packaged and resold mortgage loans as securities that could be bought and sold like stocks, and how the mortgage crisis led to a sudden halt to other types of lending to individuals and businesses.

Among the many authorities interviewed in the film are Paul Muolo, publisher of National Mortgage News and author of Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis; Nouriel Roubini, NYU Professor of Economics and International Business; Mark Wiseman, Director of Foreclosure Prevention; Til Schuermann of the Federal Reserve Bank of NY; Guy Cecala, President of Inside Mortage Finance; and Richard Sylla, NYU professor of the History of Financial Institutions and Markets.

Filmed over a twelve-month period, from Rochester, NY and Cleveland, to Seattle, Los Angeles and San Diego, WE ALL FALL DOWN also shows how an out-of-control "mortgage machine" has today led to home foreclosures nationwide, featuring interviews with families who have been devastated, as loan defaults and evictions spread from the poor to middle-class sectors of the populace, in turn creating millions of abandoned and disintegrating properties in neighborhoods and cities throughout the U.S. Their emotionally moving stories reveal the all-too-real personal consequences for Americans caught up in this financial spiral.

WE ALL FALL DOWN concludes with an analysis of the economic and political impact of the collapse of the mortgage finance system on American society, now and likely for decades to come. America today is truly at a crossroads and the question is how and whether it will be able to rebuild a devastated economy.


DVD (Color) / 2009 / 65 minutes

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WHAT'S THE ECONOMY FOR, ANYWAY?

Directed by John de Graaf

Ecological economist Dave Batker questions whether GDP is an adequate measure of society's well-being and suggests workable alternatives.
Fame, ecological economist Dave Batker presents a humorous, edgy, factual, timely and highly-visual monologue about the American econom
y today, challenging the ways we measure economic success--especially the Gross Domestic Product--and offering an answer to the question: What's the Economy for, Anyway?

Using Gifford Pinchot's idea that the economy's purpose is "the greatest good for the greatest number over the longest run," Batker compares the performance of the U.S. economy with that of other industrial countries in terms of providing a high quality of life, fairness and ecological sustainability, concluding that when you do the numbers, we come out near the bottom in nearly every category.

Batker shines a humorous light on such economic buzzwords as "productivity," and "consumer sovereignty," while offering ideas for "capitalism with a human face," a new economic paradigm that meets the real needs of people and the planet.


DVD / 2009 / (Grades 10-12, College, Adult) / 40 minutes

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WORLD'S NEXT SUPERMODEL, THE

By IJsbrand van Veelen

With America's version of capitalism seemingly heading for bankruptcy, is there a crisis-proof economic model that can shape the 21st century?

In THE WORLD'S NEXT SUPERMODEL, three prominent thinkers argue for competing economic models. Kishore Mahbubani, author of The New Asian Hemisphere, pitches the Asian model, characterized by the economic successes of China, India and Singapore. Wouter Bos, Dutch Minister of Finance, claims that the values of the European model are superior, while Brazilian economist Marcelo Neri praises the economic success of his country.

The proposals for these models are discussed by a jury consisting of macro-economist Willem Buiter, professor at the London School of Economics, New America Foundation's Parag Khanna, an expert analyst of global geopolitical issues, and author and Yale law and globalization professor Amy Chua.

These expert "judges," in a lively debate, examine the three models on the basis of issues such as social stability, environmental sustainability, government and market relationship, and their crisisproof nature. Their surprising decision is sure to provoke continued debates on this important global issue.


DVD (Color, Closed Captioned) / 2009 / 48 minutes

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LA$T MARKET, THE

By Shuchen Tan

Most of the world's companies market their products to the richest part of the world's population. Since these consumers represent a declining share of the marketplace, many multinational corporations have begun to target the world's poor, those with less than $1500 annual disposable income, some five billion consumers who comprise the bottom of the economic pyramid.

Featuring an interview with C.K. Prahalad, Professor of Corporate Strategy at the University of Michigan and author of the global best-seller, The Fortune at the Bottom of the Pyramid, THE LA$T MARKET explains how the world's poor, who collectively have enormous buying power, represent an untapped engine of global economic growth. By developing new business models, corporations can democratize commerce, not only reaching underserved markets but also helping millions to escape poverty.

THE LA$T MARKET focuses on the Dutch multinational corporation, Philips, and its efforts to develop one of the world's largest emerging markets in India with new products, including an inexpensive woodstove and a battery-charged lamp. The Philips strategy is illustrated through scenes of its sales representatives in the field and NGOs enlisted in their marketing outreach, plus interviews with the CEO and Marketing Manager of Philips India and purchasers and potential customers for the new products.

The film explores the pros and cons of strategies to market to the poor, questioning whether it is truly possible for corporations such as Philips to revamp capitalism so that it works for everyone. Can the bottom of the pyramid be mobilized? Can poverty be fought with profitability? Is this a true win-win situation or merely a neocolonial strategy in disguise?


DVD (Color) / 2007 / 48 minutes

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WHERE IS THE WORLD GOING, MR. STIGLITZ?

Director: Jacques Sarasin

Simply and eloquently, Nobel Prize-winning economist Joseph Stiglitz explains how the world's economy works. Drawing not only from his academic expertise but also from time spent on the ground in countries around the world, Stiglitz offers fresh thinking about the questions and challenges facing all of us - from well-off Americans to those mired in Third World poverty.

This five part series will appeal to experts and non-experts alike, as Stiglitz's clear and concise reasoning about the complexities of globalization is revealed. The topics covered include an overview of the world economy; the challenge of global warming and the environment; the future of global trade and immigration; how globalization can benefit (and harm) developing countries; and issues of security and terrorism.

Jospeh Stiglitz is one of the most respected economists in the world today. Some of his positions and achievements include:

Winner of the Nobel Prize in Economics
  • Chairman of Bill Clinton's Council of Economic Advisors
  • Chief Economist at the World Bank
  • Chair of the Management Board of the Brooks World Poverty Institute
  • Consultant to World Leaders
  • Professor at Yale, Princeton, Oxford, Stanford and (currently) Columbia University
  • Author of the Best-Selling Book Globalization and Its Discontents (translated into 35 languages) and its followup Making Globalization Work


  • 2 DVDs / 380 minutes

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