Item Details

Free-Market Capitalism Is So 20th-Century [electronic resource]: A Debate

Intelligence Squared
Format
Video; Computer Resource; Online Video; Online
Summary
The recession of 2008 has cast serious doubt on whether free-market capitalism, an idea set that functioned reasonably well in the 20th century, is a healthy economic ideology to carry over into the 21st. Has free-market capitalism become an outdated economic model? That is the question in this Oxford Union-style debate as panelists make their case. Speakers for the motion argue that capitalism has been empirically proven wrong due to its failure to warn of impending crisis and that "state capitalism," as it is evolving in Saudi Arabia, China, and Russia, is the model for the immediate future; those against identify contributory factors-for example, a lack of adequate competition that enabled core institutions to grow too big to be allowed to fail-as the agents of capitalist catastrophe and point to the systems used in Scandinavia as exemplary models of free-market capitalism. Questions from the floor follow. The final vote? Significantly against. Political satirist Rory Bremner presides.
Release Date
2009
Run Time
106 min.
Language
English
Rating
12 & up
Notes
  • Films on Demand is distributed by Films Media Group for Films for the Humanities & Sciences, Cambridge Educational, Meridian Education, and Shopware.
  • Encoded with permission for digital streaming by Films Media Group on October 08, 2010.
Variant Title
Debate
Contents
  • Introduction to the Debate on Free-Market Capitalism (3:20)
  • Paul Mason For the Motion (8:45)
  • Stephen King Opposes the Motion (7:42)
  • Ian Bremmer For the Motion (8:28)
  • Kim Campbell Opposes the Motion (9:50)
  • Jean Pisani-Ferry For the Motion (8:47)
  • Vince Cable Opposes the Motion (9:21)
  • Initial Vote on the Motion: Free-Market Capitalism Is So 20th-Century (0:40)
  • Q & A: Culpability of Bankers and the Failure of the System (9:23)
  • Q & A: Groupthink, Orthodoxy, and Power (4:21)
  • Q & A: True Free-Market Capitalism (2:06)
  • Q & A: Government Intervention & Crony Capitalism (2:32)
  • Q & A: Rigged Markets? (2:10)
  • Q & A: Obama and Bush Administrations (4:23)
  • Q & A: What Could Government Have Done (4:50)
  • Q & A: Thinking Outside the Box (1:53)
  • Q & A: Whose Failure? (4:29)
  • Summary Remarks: Cable, Pisani-Ferry, Campbell (5:28)
  • Summary Remarks: Bremmer, King, Mason (4:05)
  • Final Results: Free-Market Capitalism Is So 20th-Century (2:33)
Published
New York, N.Y. : Films Media Group, [2010], c2009.
Publisher no.
40532 Films Media Group
Access Restriction
Access requires authentication through Films on Demand.
Description
1 streaming video file (106 min.) : sd., col., digital file.
System requirements: FOD playback platform.
Mode of access: Internet.
Technical Details
  • Access in Virgo Classic

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    a| Introduction to the Debate on Free-Market Capitalism (3:20) -- Paul Mason For the Motion (8:45) -- Stephen King Opposes the Motion (7:42) -- Ian Bremmer For the Motion (8:28) -- Kim Campbell Opposes the Motion (9:50) -- Jean Pisani-Ferry For the Motion (8:47) -- Vince Cable Opposes the Motion (9:21) -- Initial Vote on the Motion: Free-Market Capitalism Is So 20th-Century (0:40) -- Q & A: Culpability of Bankers and the Failure of the System (9:23) -- Q & A: Groupthink, Orthodoxy, and Power (4:21) -- Q & A: True Free-Market Capitalism (2:06) -- Q & A: Government Intervention & Crony Capitalism (2:32) -- Q & A: Rigged Markets? (2:10) -- Q & A: Obama and Bush Administrations (4:23) -- Q & A: What Could Government Have Done (4:50) -- Q & A: Thinking Outside the Box (1:53) -- Q & A: Whose Failure? (4:29) -- Summary Remarks: Cable, Pisani-Ferry, Campbell (5:28) -- Summary Remarks: Bremmer, King, Mason (4:05) -- Final Results: Free-Market Capitalism Is So 20th-Century (2:33)
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    a| The recession of 2008 has cast serious doubt on whether free-market capitalism, an idea set that functioned reasonably well in the 20th century, is a healthy economic ideology to carry over into the 21st. Has free-market capitalism become an outdated economic model? That is the question in this Oxford Union-style debate as panelists make their case. Speakers for the motion argue that capitalism has been empirically proven wrong due to its failure to warn of impending crisis and that "state capitalism," as it is evolving in Saudi Arabia, China, and Russia, is the model for the immediate future; those against identify contributory factors-for example, a lack of adequate competition that enabled core institutions to grow too big to be allowed to fail-as the agents of capitalist catastrophe and point to the systems used in Scandinavia as exemplary models of free-market capitalism. Questions from the floor follow. The final vote? Significantly against. Political satirist Rory Bremner presides.
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