300 Trillion - The Debt Trap: Now Streaming on Docuseek
Essential documentary films for higher education
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300 Trillion - The Debt Trap |
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80 min. | Subtitled
A film by Rudolph Herzog
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The worldwide mountain of debt has reached a record-high 300 trillion dollars—more than 300% of the world’s annual economic output. Since the COVID-19 pandemic, debt expansion is out of control. Will the system collapse under its weight?
300 Trillion - The Debt Trap explores the significance of our debt situation, looking at the true stories behind our collective debts, from a debtors' prison in Mississippi to the world’s most notoriously indebted country.
The film looks at entire countries on a sugar high of cheap credit, as well as impoverished states on a precipice of debt. It also tracks the impact of debts on vulnerable individuals. In Mississippi, Annita Husbands lived in a debtors' prison and toiled in a fast food restaurant to pay off a $13,000 debt. In Argentina, we met individuals who are suffering from the bankruptcy of their country as this country has had debt crises multiple times, including three brushes with bankruptcy in the last 20 years.
These examples are punctuated by testimonies of renowned experts, including Richard Vague, a former banker and director of a credit card company, who explains why countries need debt to survive, Sandra Navidi, an international consultant, Christoph Trebesch, a financial historian and researcher at the University of Kiel, and Frederick Wherry of Princeton University who has researched the impact of racism on credit.
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With a healthy mixture of playful observation and documentary precision, 300 Trillion - The Debt Trap, one of over 70 new additions from First Hand Films, streaming exclusively on Docuseek asks: How do other cultures deal with debt? What consequences can indebtedness have, for debtors and for creditors? And, especially, what solutions are there to manage the problem?
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Docuseek streams essential independent, social-issue and environmental documentaries to colleges and universities, providing exclusive access to content from Bullfrog Films, Icarus Films (including The Fanlight Collection and dGenerate Films), Women Make Movies, Kartemquin Films, National Film Board of Canada, First Run Features, KimStim, First Hand Films, MediaStorm, Scorpion TV, Terra Nova Films, Viewpoint Productions, Film Movement, Deckert Distribution, The Films of Anand Patwardhan, Cinétévé, Tecolote Films, Strange Attractions, Clarity Films, AndanaFilms, 371 Productions, Dutch CORE, Autlook, Collective Eye Films, Distrib Films, and GOOD DOCS. Licenses are available for single titles or collections for periods ranging from one year to Life of File. Interested in a trial for your campus? Contact Elena Wayne, Sales and Marketing Manager, 847-537-0606 or at ewayne@docuseek2.com.
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