Questions about ‘Money Puzzles

Some questions I’ve been asked about ‘Money Puzzles’, ahead of the first UK screenings in Crewe, London and Liverpool over the next few days.

lucyWhat are the origins of ‘Money Puzzles’ and how do they fit in with your background as a documentarist?

‘Money Puzzles’ is a sequel to ‘Secret City’ (2012), which is about the City of London—the square mile that has been described as ‘a state within a state’. ‘Secret City’ was made in the wake of the Occupy movement, which concentrated attention on the City as the Vatican of financial capitalism. ‘Money Puzzles’ reverses the perspective and looks outward, beyond the citadel of finance, towards the global system of financial capital of which the City is one of the principal agents.

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‘Money Puzzles’ almost ready

Almost ready. About to get delivery of  the first DVD preview copies of ‘Money Puzzles’, and then I’m off to Lisbon, where its first screening takes place at Doclisboa on 29th October.

[vimeo]http://www.vimeo.com/174092191[/vimeo]

Over the eighteen months I’ve been making ‘Money Puzzles’, a good deal has happened in the world and not much has changed, and where it has, matters are getting worse. Read more

Referendum Blues

Like many other socialists, I have had strong doubts about whether the EU is capable of the reforms that would be needed to shake off the shackles of its disastrous neoliberal policies, especially after two visits to Greece last year to film episodes for our new documentary about money and debt, Money Puzzles. I could not imagine myself voting to leave, despite a number calls from the left to do so which I found pretty persuasive, partly because I refused to align my vote with the utterly disreputable politicians calling for exit, and partly because all my instincts, my sense of cultural identity, belong with a European imaginary. I have to say ‘imaginary’ because actually existing Europe is as far from its democratic ideals as actually existing socialism in Eastern Europe was from real communism. Read more

The cognitive map of a refugee

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At the bottom of this long, pitted and dusty road in Athens is the Eleonas refugee camp, located in a run down industrial estate. This is my only picture because we weren’t allowed to film or take photos inside the camp, which currently houses around 1600 refugees from many different countries, but mainly Afghanistan and Syria. More are expected.

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Neighbourhood Solidarity in Madrid

As elections approach in Spain, the latest episode from our forthcoming documentary Money Puzzles.

[vimeo]http://vimeo.com/146373683[/vimeo]

In Greece last July our camera witnessed the tangible forms of solidarity elicited by the extreme austerity imposed by the unrelenting finance ministers in Brussels. ‘Solidarity For All’ is the name of an association of more than 350 solidarity groups across the country helping to feed people, provide health care, and other kinds of services they can no longer afford and whose public provision has been severely cut by austerity measures. But this is not just a stopgap. In Mandra, on the outskirts of Athens, where we filmed a food distribution centre, a local organiser explained that they’ve developed relations with local producers that cut out the middleman, and this was the kernel of a different way of organising society. Something similar is true of the widespread networks of local solidarity groups across Spain, each concerned with particular issues like protection from eviction or running food banks, but activists are never far away from the idea of alternative forms of social organisation, according to different values where money no longer determines what ‘value’ means, and people escape the atomisation and social isolation, with its dire psychological effects, that capitalism in crisis imposes to an ever more intense degree.

One of the reasons for the Eurogroup’s intransigence was the fear that what started in Greece might spread elsewhere in Europe. Syriza seemed to offer the hope that it was possible to overcome the fractured state of the left to create a irresistible new political force. The result of the Referendum last July, when over 61% of voters said No to the bailout conditions, seemed to confirm it. If the effort immediately collapsed when Alexis Tsipras lost his nerve and capitulated to Europe (a moment we documented in Greece, Europe, Undemocracy), then the latest developments in Portugal (Portugal gets new leftwing PM after election winner only lasted 11 days) suggest this dream has not been killed off, even if it implies compromises. In Spain–where I went to film at the beginning of November–there are elections coming up on December 20, but here the left is still fractured, and electoral politics are complicated by the emergence of a populist right wing party, Ciudadanos, in response to the sudden rise of Podemos on the left, who also face a challenge from other left groupings like Izquierda Unida. The primary political issue, however, during my fortnight in Barcelona and Madrid, was Cataluña’s bid for independence, with its unresolvable political and economic conundrums, rather different from the issues in the Scottish case. The issue plays into the hands of the constitutionalist majority, and no-one I spoke to thought that the left could win the elections.

The elections come up obliquely in this short video, Neighbourhood Solidarity in Madrid, filmed in Puerta Del Angel, just across the river from the city centre, with the local branch of the RSP (Red de Solidaridad Popular, or Network of Popular Solidarity) covering the districts of Latina and Carabanchel. The group’s primary activity is a food bank, but they also support people–that’s to say, each other–in other ways, and there are volunteers who provide professional advice or give classes in maths or languages.

The RSP Latina Carabanchel exemplifies the strength of the movement against austerity known as 15M, from the date of the mass demonstrations of the indignados in cities across the country (15 May 2011). The movement has generated a wide set of local initiatives attacking the effects of austerity politics in parallel fields, loose federations of autonomous local groups under umbrella names that indicate their focus. Thanks to a small network of friends active in one or other of these groups, I was able to connect with people working on housing, food provision, and healthcare in Barcelona and Madrid. These sequences will be included in the completed film. My thanks especially to Ricard Mamblona in Barcelona, and Concha Mateos in Madrid, who were both extremely generous with their time and attention as production managers, and to the camera people they found to work with me, Oriol Bosch Castellet and Raquel Salillas.

 

Two takes on the new economics

Two events during October, one in Bristol and one in Brussels, give evidence that notwithstanding the capitulation of Greece’s Syriza to the Eurogroup’s shameless intransigence, anti-austerity economics is gaining ground in Europe in tandem with the gathering social movements across the continent. We went to film both events for Money Puzzles, our documentary-in-progress about money, debt and us. In some ways, Bristol’s New Economy Summit and the Citizens Assembly on Debt in Brussels were complementary, and in other ways contrasting. The former was centred on questions of money, and the theory and practice of green economics, including alternative currencies like the Bristol Pound. The focus of the latter was on questions of debt (the other side of the coin, so to speak) which neoliberal policies create at every level, from the household to sovereign states, with disastrous social effects.

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Down there in Buenos Aires

Arriving in Buenos Aires the day after the Labour Party leadership election results were declared, I was impressed to discover that practically everyone I talked to during the ensuing week—whether economist, sociologist, journalist, workman or community activist—already knew Jeremy Corbyn’s name. My impression was that they also approved of his position that there is an alternative to the politics of austerity, which is something Argentina suffered in the closing years of last century and brought about the country’s economic collapse early in the new one. A couple mentioned the comment of Argentina’s ambassador in the UK that Corbyn is uno de ‘los nuestros’—’one of “ours”‘—in reference to the question of the Malvinas. ‘Is that really true?’ they asked me, and I told them he was no warmonger and advocated negotiation (like Tony Benn in 1982). This is for the future. Meanwhile there are others things to attend to, like the elections coming up in late October—about which I offer no comment: Argentine politics remain confusing and impenetrable even to Argentinians.

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The next chapter: Argentina

The next chapter: Argentina, or, What happens when a country can’t pay its debts?

During the six month stand-off between Athens and Brussels, which we documented in Greece on the Edge?, while European intransigence was driving Greece ever closer to default on its massive debt – a step which would inevitably entail exiting the euro – various commentators began asking whether Greece might have anything to learn, one way or the other, from the case of Argentina,* where the currency collapsed in December 2001,  the banks put up shutters, the country got through five presidents in twelve days, and ended up (when the IMF withdrew its support) in a spectacular default.

There are big differences between the two countries, of course, but there are also strong  similarities in the economic dilemma facing them. Read more

Greece, Europe, Undemocracy

[vimeo]https://vimeo.com/136378322[/vimeo]

This film is a chapter from the forthcoming feature documentary, Money Puzzles, a film about money, debt and the fight against austerity. Money Puzzles is conceived as a follow up to the filmmakers’ award winning film, Secret City. Whereas Secret City investigated a crucial institutional structure that was invisible to most and shrouded in secrecy, Money Puzzles focuses on an everyday commodity the reality of which is hidden in plain sight.

Nowhere is the reality of debt money more evident than in Greece right now. The tussles over the so-called bailout shone a light upon the institutional structures that underpin money and its relations. Yet that light seems to have blinded journalists from the mainstream media and their political counterparts.

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