The Political Debt Scandal | Poverty in the US
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- Опубліковано 31 тра 2024
- The Political Debt Scandal - About the human stories behind world debt.
The Political Debt Scandal (2022)
Director: Rudolph Herzog
Genre: Documentary
Country: Germany
Language: English
Also Known As: 300 Trillion - The Debt Trap
Synopsis:
In the United States, people are punished for their poverty. Annita Husband was detained for months in a debtors’ prison in the state of Mississippi. Her fate is just one extreme example from a society in which more and more people in debt find themselves in a hopeless situation and lose their freedom.
But debts per se aren’t a bad thing, insists economist Christoph Trebesch. Particularly when the borrowed capital is used for sensible investments, debts make sense. But there are plenty of negative stories.
One standout example of the credit-fueled hubris is the project "The World”, artificial islands off the coast of Dubai that, seen from the air, resemble a map of the world. Luxury properties built on the islands were designed as resorts for the super-rich. But the project ground to a halt in the financial crisis of 2008. Since then, the wind and the sea have blurred the outlines of some of the islands.
The film explores the question: what are the consequences of debts - for both debtors and creditors? And what sort of solutions might be on hand to deal with the gigantic volume of debt taken on by nations, companies and private households?
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These documentaries are from 2008. Can we get updated content?
Perfectly documented and wonderful. Thank you.
Worse than a third world country while oligarchs get insanely rich. No, individuals are not to blame for everything. We're the wealthiest country in the world. SHAME, SHAME, SHAME
I agree 100% SHAME!!!
Great video. Thanks
Personal debt is usually out of consumerism which can be avoided but unfortunately.....
Solution: higher wages. Simple
BUY ASSETS ALWAYS
DEBT MAKE YOU RICH WEALTHY
DEBT MAKE THE RICH. RICHER
KK Kent. Is this person for real? 40:00
KKK
yep just keep re running these video lol... and the video starts in the UK ??? and the title says what?? jeez unsub
Right on! WTH with European take on their problems...?? Just cut video in half appropriately..🤨🤨