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.
Command and Control presents the terrifying, true story of what can happen when the weapons built to protect us threaten to become the very source of our own destruction. Based on The New York Times bestseller by Eric Schlosser the film tells the story of a 1980 accident at a Titan II missile complex in Damascus, Arkansas in minute-by-minute detail through the accounts of Air Force personnel, weapon designers, and first responders who were there, revealing the incredible chain of events that brought America to the brink of nuclear disaster. In so doing, the film explores the great dilemma that the United States has faced since the dawn of the nuclear age: How do you manage weapons of mass destruction without being destroyed by them?
2016 • Economics
'Inside Job' provides a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse.
2010 • Economics