MovieChat Forums > Inside Job (2010) Discussion > Thanks for being gullible!

Thanks for being gullible!

posted 13 years ago by bbagnall
4 replies | jump to latest

People who are buying into the message in this movie are doing *exactly* what the big bankers want you to do. Their nightmare would be:
1. To have to compete against start-up banks and each other in a free market
2. When their ill-advised loans fall through, in a free market no one would bail them out and they would actually face the possibility of losing money.

They want neither of these. What they want is a system that locks out competition and gives them a no-lose situation where even if their loans fail, the government taxpayer has their backs.

This movie is their piece of propaganda. They will pretend it is against their wishes and say, "Oh, please don't regulate us!" Meanwhile, they work pen in hand with legislators to make sure the legislation freezes out competition and perpetuates the status quo.

Their worst nightmare is a free market system which would allow competition among the banks, allow new entrants into the industry, and no one to bail them out. The Freddy Kruger in their nightmares isn't someone like Barney Frank, it's Ron Paul.

You can tell this movie is the ruling class explanation for the financial disaster because it is being pushed into the school curriculum and teachers are showing this movie to their students. This is playing right into the bankers wishes. There are two explanations as to the economic failure: not enough regulations, and the other explanation is that there was too much government interference. They really don't want people to think too hard about the second possibility.

[–] Strazdamonas 13 years ago

So you are saying that it is bad that we believe in the messadge of this movie, then go telling is that bankers fear the messadge in this movie, then claim its propaganda. so it turns out, you want the banks to be bailed out. good call!

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Applied Science? All science is applied. Eventually.

[–] bbagnall 13 years ago

You got that wrong. I didn't say the bankers fear the message in this movie. I said they love it. In fact, they probably indirectly funded this movie.

[–] kickingasses 13 years ago

I agree wholeheartedly. a real free market will ACTUALLY punish those that take risk without losing out. Keynesian school of thought only works if the private sector is actually trying, not just waiting to take advantage of policy that protects them.

The real problem in my opinions are the bailouts. Bailouts are only needed if the sufferers were really needing basic human necessities to survive, not to save the private sector from indulging in bonuses.

I still don't get how lobbyist still have a job or how lobbying is legal. But this said, the general public usually goes along with the media brainwashing, so if Occupying a city park or protesting WTO meetings is the best we can come up with, nothing will change sadly.

[–] bbagnall 13 years ago

Here's an interesting article on how these oligarchs use regulations to protect themselves from free market competition:
http://lewrockwell.com/orig13/tucker-e1.1.1.html