Why You Should Watch Inside Job

Album Cover: Abbey Road

"She's killer-diller when she's dressed to the hilt."
The Beatles / Polythene Pam

Posted on March 07, 2011 6:29 PM in Movies
Warning: This blog entry was written two or more years ago. Therefore, it may contain broken links, out-dated or misleading content, or information that is just plain wrong. Please read on with caution.

I'm one of the unlucky many who purchased a home in 2007, right before the housing market collapsed. As such, I'm one of the unlucky many who are stuck paying a hefty mortgage payment each month on a home that isn't nearly worth what I'm paying for, at least from a market perspective. Fortunately, though, I'm lucky enough to afford that mortgage and haven't lost my house.

As covered in my recap of 2008, I was also directly affected by the widespread changes to the economy when the company I've worked for since college ended up cutting half its employees in October of that year. Again, I was fortunate enough to retain my employment through that rough period, but as I said back then, it was nevertheless an experience I hope I never have to go through again.

Since the economy's downturn, mostly through religiously watching The Daily Show, but also by attempting to soak in some understanding via nifty infographics, I've tried my best to learn how and why the economy tanked the way it did. However, up until today, I really didn't fully grasp the details and certainly didn't appreciate the vast corruption that took place to get us where we've been the past few years.

Enter Inside Job, a documentary by Charles Ferguson that succeeds in clearly outlining the roots of the economic crisis. Having watched the film today, I not only understand how we got where we are, but I have a newfound disappointment in our country's past and present failings in terms of financial regulation.

What I liked about the film is that it hears from all sides (at least those who didn't decline to comment), including members of oversight committees (using the term very, very lightly), politicians, economists and other academic experts in an attempt to uncover how things got out of control so quickly. Without a whole lot of extraneous commentary, it's easy to see the scumbags for what they are. I also liked that the film didn't take sides politically, but instead outlined how each of the presidents since Ronald Reagan -- and yes, Barack Obama is included -- has played an integral part as an enabler of the corruption and conflicts of interest that have caused our economy to collapse.

After watching the film, I feel both disgusted and deflated; the former mostly because I'm a believer in learning from past mistakes, and it is painfully clear that none of that is happening at present, and the latter because it doesn't appear that there is anything a middle class American can really do to reverse the direction of these dangerous cogs that have been steadily turning for decades. I do, at least, feel like I have a firmer grasp on the overall problem, and that is precisely why I wholeheartedly recommend Inside Job to anyone who wishes to understand how America got into the financial mess it is in today.

Comments

Ryan McElroy on March 07, 2011 at 6:55 PM:

There is one very important thing you can do: move to a less corrupt country.

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Hoss on May 25, 2011 at 12:51 PM:

I just watched this awhile ago, great documentary. Another interesting one is the one about enron, the smarest guys in the room. http://www.imdb.com/title/tt1016268

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kfhredoi on May 15, 2017 at 5:23 AM:

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