The why the U.S. economy grew without any financial

The movie “Inside Job” was
about the financial crisis of 2008. I have always heard about this crisis,
however never got the chance to actually study and understand it. This move
gave me a deeper look at the financial crisis, and most importantly how it started
and who is to blame.

There were many surprising
things that I encountered during the movie but the most shocking one was that
those who are in the academies such as Harvard are the ones who advise
companies about their economic activities. I thought that teachers help their
students to make the right choices for the society because I always believed in
that image of the teacher, but if they also benefiting from the wrongs then why
should they try to correct it and teach the proper way.

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This film showed how unfair the
world is. Many people lost their jobs yet their board of directors were getting
better off. In one sentence, we can describe it as “The rich become richer and
the poor become poorer.”

Another very impressive thing
that I would like mention was the part when it said that this crisis was a
predictable accident. The move gave a clear reason why the U.S. economy grew
without any financial crisis since 1930 until 1980, and it is because the
financial industry had strict regulations. And why after 1980 it started to
come to its collapse, the reason is that they relaxed and become corrupt,
thinking of only about their profit, as a result people were able to borrow as
much as they wanted, which further caused a problem to grow and resulted in the
crisis. The worst part is that financial industries are not trying to take
responsibility for their actions. Moreover, it does not even seem to improve.

I would like to end my paper
with the quotation from the film, which had a great impact on me. “For decades,
the American financial system was stable and safe. Then something changed. The
financial industry turned its back on society, corrupted our political system
and plunged the world economy into crisis. At enormous cost, we have avoided
disaster, and are recovering. But the men and institutions that caused the
crisis are still in power and that needs to change. They will tell us that we
need them and that what they do is too complicated for us to understand. They
will tell us it will not happen again.” This words made me realize that they
are right it needs to be changed, and yes they are right what they do is too
complicated for us to understand. Nevertheless, this can be changed and needs
to be changed, this made me realize that I need to study more in order to
understand that so-called “too complicated” staff. Because that will allow me
to make sure that, what happened in 2008 will not happen again.