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Rowan 2022-09-16 12:32:07
Movie Diary: Financial Crisis
The documentary about the financial crisis in 2008 was vague at the beginning due to too many technical terms. It probably means that the top executives of Wall Street in the United States have designed a set of rules for financial derivatives and refused to be regulated through legislation and...
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Nikita 2022-09-15 14:17:13
after watching
1) Everyone in China criticizes the academic environment of colleges and universities for being polluted. Professors from top universities in Harvard and Columbia also accept funds to write reports that do not correspond to the truth.
2) People's desires will change with their class changes. At...
Andri Snær Magnason
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Andrew Lo: Recently, neuroscientists have done experiments where they've taken individuals and put them into an MRI machine. And they have them play a game where the prize is money. And they noticed that when these subjects earn money, the part of the brain that gets stimulated is the same part that cocaine stimulates.
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[last lines]
Narrator: For decades the American financial system was stable and safe. But then something changed. The financial industry turned its back on society, corrupted our political system and plunged the world economy into crisis. At enormous cost, we've avoided disaster and are recovering. But the men and institutions that caused the crisis are still in power and that needs to change. They will tell us that we need them and that what they do is too complicated for us to understand. They will tell us it won't happen again. They will spend billions fighting reform. It won't be easy. But some things are worth fighting for.
