The role of the Federal Reserve’s “easy money” policies in the current economic uncertainty. From the Great Recession to the rise in inflation, FRONTLINE examines the ongoing fragility of the financial system and the widening gap between Wall St. and Main St.
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Explores our economic, historical and emotional entanglement with oil, by looking at the conflicting imperatives around North Sea oil. This invisible machine at the core of our economy and society now faces an uncertain future as activists and investors demand change - is this the end of oil? By highlighting the complexities of how oil is embedded in our society - from high finance to cheap consumer goods – this documentary brings together a wide range of voices, from oil company executives and economists, to young activists and pension fund managers, and considers how this machine can be tamed, dismantled or repurposed. We have five to ten years to control our oil addiction, and yet the licensing of new oil fields continues in direct contradiction with the Paris Climate Agreement. This documentary looks at how the drama of global climate action is playing out in the fight over North Sea oil.
2022 • Economics
Paul Saffo looks at the development of the US economy through the 20th and into the 21st century. What are the trends that have shaped the economy? How are innovations in technology and communications making the 21st century an entirely different landscape for producers and consumers?
S1E6 • Curiosity Retreats: 2015 Lectures • 2015 • Economics
Planned Obsolescence is the deliberate shortening of product life spans to guarantee consumer demand. As a magazine for advertisers succinctly puts it: “The article that refuses to wear out is a tragedy of business “ - and a tragedy for the modern growth society which relies on an ever-accelerating cycle of production, consumption and throwing away. THE LIGHT BULB CONSPIRACY combines investigative research and rare archive footage to trace the untold story of Planned Obsolescence, from its beginnings in the 1920s with a secret cartel, set up expressly to limit the life span of light bulbs, to present-day stories involving cutting edge electronics (such as the iPod) and the growing spirit of resistance amongst ordinary consumers. This film travels to France, Germany, Spain and the US to find witnesses of a business practice which has become the basis of the modern economy, and brings back disquieting pictures from Africa where discarded electronics are piling up in huge cemeteries for electronic waste. Economists and environmentalists believe that the growth society as we know it is unsustainable in the long run and that Planned Obsolescence needs to become a thing of the past, as it is impossible to combine the limitless consumption of resources with a finite planet. But what are the alternatives? The film offers thought-provoking analysis by thinkers working on ways of saving both the economy and the environment, and presents hands-on stories showing entrepreneurs putting new business models into practice.
2010 • Economics
One hundred and fifty years ago, the corporation was a relatively insignificant entity. Today, it is a vivid, dramatic and pervasive presence in all our lives. Like the Church, the Monarchy and the Communist Party in other times and places, the corporation is today's dominant institution. But history humbles dominant institutions. All have been crushed, belittled or absorbed into some new order. The corporation is unlikely to be the first institution to defy history. Based on Joel Bakan's book, "The Corporation: The Pathological Pursuit of Profit and Power," this documentary is a timely, critical inquiry that examines the very nature of the corporation--its inner workings, curious history, controversial impacts and possible futures. We begin by learning that under the law, corporations have all the rights and yet few of the responsibilities of people. By viewing the behavior of the corporation through the prism of Diagnostic and Statistical Manual (or DSM III, the gold standard of psychiatric evaluation) the filmmakers discover that if the corporation were indeed a person, the person would be considered a psychopath. Featuring candid interviews with CEOs, whistle-blowers, brokers, gurus, spies, players, pawns and pundits, the chronicle charts the spectacular rise of an institution aimed at achieving specific economic goals as it also recounts victories against this seemingly invincible force. Once you see it, you may find yourself thinking twice about what you eat, what you wear, what you watch and what you read.
2003 • Economics
Does the stock market accurately reflect the status of the economy? Finance specialists discuss market history, valuations and CEO incentives.
Facebook is a company that has grown from nothing to be worth half a trillion dollars in just 15 years. Today nearly a third of all humans are using it, and yet we rarely get to see the people actually in charge of the biggest social network in the world. The company has suffered a series of deepening scandals and intense media scrutiny. In 2018, their mission - to connect everyone on the planet - seemed to be going dramatically wrong. Data leaks, fake news and hacks on user security were threatening to destroy everything Mark Zuckerberg had built. Yet throughout this difficult time, the company allowed the BBC’s flagship science strand Horizon to follow key members of the team trying to fix the problems and secure the platform. This film goes behind the scenes and follows the teams inside Facebook. It tackles difficult questions, like how our data is used and what content should and shouldn’t be on the site, but also shows how Facebook works, what the teams are doing to secure it, and reveals a hidden technological playground, where some of the smartest engineers in the world are being hired to build systems and technology no one has built before.