I came across the documentary called The Flaw. Basically, this is a documentary about the economic conditions which led to the Great Recession. The documentary reinforces what we already know. There was, to quote Alan Greenspan, “an irrational exuberance.” The exuberance was only exhibited by investors, but pretty much included everyone in the United States. I think the take-home lesson from this documentary is that instead of paying the middle class more money so that the middle class can afford better houses, better cars and have some method to get out of debt, the elite have decided that it’s okay to lend the middle class large sums of money. Because wages are stagnant, there’s almost no way for the middle class to pay back all of this debt.
I highly recommend the documentary – The Flaw