UPDATE : 2024.5.20 Mon 00:14
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About Responsibility through the Film “The Big Short”

A few days ago, I watched a movie titled “The Big short”. It’s a movie based on a true story, which is about the so-called “financial crisis of 2008”. Because I always pay so much attention to economics, I was able to find out about this movie. The main characters in the film are four people, who are Michael Bury, Mark Baum, Jared Bennet, and Ben Likert. They all became aware that the financial crisis would come soon. However, no one except them was aware of the crisis. Most people just enjoyed the unbelievable situation that everyone, even those without jobs, could buy houses and financial companies allowed them to get mortgages without conditions. As a result, the main characters earned much money because they sold short mortgages but most people lost properties, love, and everything.

The film shows us that the greed of human beings has no end and are willing to sacrifice innocent people. However, I think that even innocent people are all guilty of the crisis because they simply followed other people without any consideration and also sought profit by purchasing houses and expecting the price to rise. It is the same as financial companies. What is the difference between financial companies and the public? I think there isn’t any.

What I think is being said in “The Big short” is that we must not blame others but ourselves. All the results happen for causes and you make the causes by yourself. If we just blame others for the situation that we face, we won’t be able to get through anything.

Seong Jaeho  msjwk9497@naver.com

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