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Wednesday, January 25, 2012

Response to Freakonomics

The movie "Freakonomics" I found to be interesting on a number of levels. They were able to bring economics down to a level that a normal person would understand, and made comparisons that were both shocking and fascinating. One segment that I found fascinating was the section about Sumo wrestling and their comparison to how Wallstreet and the banks work. Normally, one wouldn't think that they'd be so similar, but they are. They are both gilded, appear to be perfect on the outside, but have their holes and secrets. Thousands of people are in the corrupt system of Wall Street, and without it would be worthless. Both systems are in escapable, and for the elite minority must exist in order to profit off of it. Also, although most people now know about the corruption of Wall Street and a few know about the corruption of Sumo wrestling, not much can be done about it. The people in charge are willing to silence whoever they must to keep the system as rigged as it is. People call what Wall Street has become "capitalism", but capitalism in itself is not bad. It's part of what our country was founded on. However, everything has a light and dark side to it, as does capitalism, and the corruption is simply a part of it. Hopefully someday things will get better, but I doubt that corruption can ever be completely erased.

1 comment:

  1. Good comment Kelly! Like Japan, it is important to us in America that our fundamental institutions work and that they at least appear to be clean. That creates an incentive to keep corruption under wraps.

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