The Flaw

The Flaw

Just caught The Flaw on Netflix, and it’s well worth the watch. Director David Sington pulled together an impressive panel of economists and historians (including Robert Shiller and Joseph Stiglitz — my favorite was Louis Hyman).

The film borrows its title from Alan Greenspan’s 2008 congressional testimony but doesn’t devote a ton of screen time to the video of that testimony. Instead the film focuses on its luminaries’ analysis and opinions, who each have their own take on “The Flaw”. One thing everyone seemed to agree on was the asset-if-ication of real estate, exploited by market forces in unprecedented fashion.

I was fascinated by the film’s liberal use of clips from a cartoon developed by the U.S. Chamber of Commerce in 1954. It’s Everybody’s Business, in addition to being a great example of Cold War capitalist propaganda, is stunningly good design. There’s a video game in that film somewhere…