Adapting one of the most groundbreaking and powerful books of our time, Capital in the 21st Century is an eye-opening journey through wealth and power, that breaks the popular assumption that the accumulation of capital runs hand in hand with social progress, shining a new light on the world around us and its growing inequalities. Traveling through time from the French Revolution and other huge global shifts, to world wars and through to the rise of new technologies today, the film assembles accessible pop-culture references coupled with interviews of some of the world's most influential experts delivering an insightful and empowering journey through the past and into our future.
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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
This documentary travels through a world of joblessness, debt, and economic uncertainty to the sovereign nation of the plutocrats, where each crisis seems to offer a new business opportunity. In America, where the 2008 financial meltdown cost $4 trillion in economic output, fortunes were made by the very people who precipitated the disaster while millions lost their homes and their savings. Austerity in Europe, economic stagnation in Asia, a lost generation of the young and unemployed - signs we are living through a fundamental global reorganization, the result of which no-one can predict. The world of the 1% has arrived, and the wealth gap is now greater in many countries than during the Gilded Age, the era of the Rockefellers, Carnegies and Vanderbilts. Can our stressed democracies deal with the fallout? Or have governments simply become instruments of the new elite?
2017 • Economics
Robert Peston travels to China to investigate how this mighty economic giant could actually be in serious trouble. China is now the second largest economy in the world and for the last 30 years China's economy has been growing at an astonishing rate. While Britain has been in the grip of the worst recession in a generation, China's economic miracle has wowed the world. Now, for BBC Two's award-winning strand This World, Peston reveals what has actually happened inside China since the economic collapse in the west in 2008. It is a story of spending and investment on a scale never seen before in human history - 30 new airports, 26,000 miles of motorways and a new skyscraper every five days have been built in China in the last five years. But, in a situation eerily reminiscent of what has happened in the west, the vast majority of it has been built on credit. This has now left the Chinese economy with huge debts and questions over whether much of the money can ever be paid back. Interviewing key players including the former American treasury secretary Henry Paulson, Lord Adair Turner, former chairman of the FSA, and Charlene Chu, a leading Chinese banking analyst, Robert Peston reveals how China's extraordinary spending has left the country with levels of debt that many believe can only end in an economic crash with untold consequences for us all.
This World • 2014 • Economics
Higher education helps society. But paying for it can be ruinous. What led to the U.S. student debt crisis, and is there a way to fix it?
S1E3 • Money Explained • 2011 • Economics
How will we power the planet without wrecking the climate? Five years after the earthquake and tsunami that triggered the unprecedented trio of meltdowns at the Fukushima Daiichi nuclear power plant, scientists and engineers are struggling to control an ongoing crisis. What’s next for Fukushima? What’s next for Japan? And what’s next for a world that seems determined to jettison one of our most important carbon-free sources of energy? Despite the catastrophe—and the ongoing risks associated with nuclear—a new generation of nuclear power seems poised to emerge the ashes of Fukushima. NOVA investigates how the realities of climate change, the inherent limitations of renewable energy sources, and the optimism and enthusiasm of a new generation of nuclear engineers is looking for ways to reinvent nuclear technology, all while the most recent disaster is still being managed. What are the lessons learned from Fukushima? And with all of nuclear’s inherent dangers, how might it be possible to build a safe nuclear future?
Cullen Hoback investigates the origins of Bitcoin and its anonymous creator Satoshi Nakamoto, exploring the potential of this cryptocurrency on the global financial system and who could hold immense power if it became mainstream.
2024 • Economics