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Battle of ideas - Movie Review Example

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The author of this movie review "Battle of ideas" comments on how the present economy was developed. According to the text, the episode “battle of ideas” presents the battle over who should have control over the “commanding heights” of the economy…
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Battle of ideas

Download file to see previous pages... Episode 2, an agony of reform, narrates how the ideas of the economies failed. In addition, it also shows how new world leaders are trying to the adopt the free market capitalism as the narrator states at the 3.49th minute “The terrible events of September 11 showed how the whole world might be driven deeper into recession.” (Episode 2).The argument in this episode was about globalization. In the movie at 2.47 minute, the then U.S president Bill Clinton argued “You cannot get away from the fact that globalization makes us interdependent. So it is not an option to shed it.” (Episode 2). The ideas presented here were those of reforms and the antireform who still embrace the central government policies. The concept of “shock therapy” revolutionized economy in some of the major countries including Russia, Chile, Poland, and India. Thatcher and Reagan were the key figures to lead the reform movement and drew the world away from the state control economy.According to the experience of the past economy results, a combination of the free-market system and capitalism would the best idea on how to run a business economy. Communism will not be a good idea since the absence of market forces may result in low market returns. In the communist economy, there is no way of punishing inefficiency and rewarding hard work and competence. Consumers will be a force to buy even what they hate, and this will not be a good signal indicator for the market towards what is in high demand for the growth of the economy. ...Download file to see next pagesRead More
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