“F**k normal people.”
That's what Will, the sometimes-shady head of trading, told recruit Seth.
The tone of the film "Ultimate to the Sea" is dark and sharp. The protagonists are all dressed in black suits and look serious and melancholy. Coupled with the backlit close-ups of several characters that appear from time to time, this group of high-level financial players is portrayed as cold and cunning. Compared with "The Big Short", this film has revealed the true face of "stupid banks" in this financial crisis. What it shows is the humanity of rational people in the financial world. Minimizing self-loss is a One of its basic characteristics is that we can't define Tould as a bad guy who made a clearance decision, nor as a stupid guy like Sarah who didn't heed the warning a year ago, in a "Your loss is mine." In the capitalist world of “compensation”, it is actually a crazy thing to pursue the right and wrong, innocence and greed, scheming and stupidity of the 2008 financial crisis.
What's more, since the avalanche has already occurred, will there be innocent snowflakes? The era of the 2008 financial crisis was in the stage of a neoliberal system [1] , and its social structure was characterized by a long-term decline in capital accumulation, followed by globalization and financialization. At the same time, corporate governance in developed countries has undergone important changes. The interests of company management and shareholders are increasingly integrated. Through the form of equity incentives, the income of management has expanded rapidly. This can explain the film from Peter, Seth to Wei Wei Err, and then to Turde, the phenomenon of an exponential increase in worth as the position rises. The result of this is that the income distribution is skewed towards the high-income earners, but the consumption expenditure of ordinary American households has not decreased, but has risen sharply . ] , in this case, the emergence of MBS is not surprising. The basic rule we've learned is that where there is demand, there is supply, and as Will put it, "These ordinary people, they want a life of luxury, but they can't afford it. That's why we're so important. , we are the root cause of their luxurious life.” On the surface, the beginning of the crisis was caused by a formula of investment banking, but in fact the first small point of the snowball rolling was ordinary people’s desire for a better life. lead to the concept of advanced consumption. It's probably no wonder that Will would say something like "f**k normal people".
Not only that, director J.C. Chandol gave an answer in his heart at the very beginning of the film, which was exactly the song "Wolf" that Peter listened to while working overtime.
"Mama there're wolves in the house
…
Make for my heart as their home”
Perhaps, in this financial crisis, it is because people have introduced a greedy wolf into their hearts.
But even so, it is still difficult for us to say whether there will be a specific group responsible for this crisis. Financial crises occur in cycles and seem to have their own destiny. Today's smart people have no choice but to act accordingly, unless human beings move towards a communist society as soon as possible. .
[1] Meng Jie. The contradictions of the neoliberal accumulation system and the 2008 economic-financial crisis [J]. Academic Monthly, 2012, 44(09): 65-77.
[2] G. Dumenil, and D. Levy, “The Crisis of the Early 21st Century: A Critical Review of Alternative Interpretations”, manuscript, 2011.
View more about Margin Call reviews
