Money Puzzles

Full version (2hrs 10mins)

Short version (59mins)

A film about money and debt, austerity and solidarity, and economic alternatives
“Sharp critique” – “Fascinating” – “Outstanding achievement”
”a brilliant and illuminating film with really good storytelling and construction 
of its epic subject”

The complete version runs 130mns. 
The short version runs 58mns.

Money Puzzles addresses the widespread misunderstandings about money and debt to be found in both the media and everyday life, not to mention university economics departments. It questions the illusory qualities of the myriad forms of money in the twenty-first century, along with the falsehoods and distortions of the economics on which austerity politics is based. It asks about the role of debt as a form of control and coercion at international, national and household levels, and what happens when debts become unpayable. It also reports on alternative approaches variously found in the social solidarity movements in countries like Greece and Spain, complementary currencies in the UK, the international campaign for citizens debt audits, and the need for universal principles for sovereign debt restructuring recognised by the UN General Assembly last year.

Money Puzzles is a counter-narrative to mainstream economic orthodoxy. It also dispenses with the conventions of the mainstream documentary – the all-knowing narrator, the balanced opinions – and turns to different voices: economics students in England frustrated with the inadequacy of what they’re being taught, solidarity volunteers in Greece, anti-eviction activists in Spain, advocates of citizens debt audits across Europe, critical economists like Costas Lapavitsas, Molly Scott-Cato, Johnna Mongomerie and Axel Kicillof.

It is not without irony that a film about money is constrained by lack of it: the subject matter of the film is necessary for making it. Working from an academic base but very much at the margins, with only small tranches of academic funding, the film was made with support in kind from colleagues (especially the Political Economy Research Centre (PERC) [DEAD]at Goldsmiths), and a small crowd-funder. I also owe a great debt of gratitude to friends and colleagues in Greece, Spain, Belgium and Argentina who helped to make it happen, and to the community groups who opened their doors to our cameras.

Credits

Directed and Produced by
Michael Chanan

Camera
Michael Chanan
Kaveh Abassian
Enrica Colusso
Philippa Daniel

Edited by
Michael Chanan
Additional editing
Philippa Daniel

Production (New Statesman)
Daniel Trilling

For Banner Theatre
Don Bouzek: filming, video editing
Dave Rogers: filming

Additional Footage
ReelNews
Richard Hering, visionon.tv
Pete Beckworth-Wilson
UCL Occupation video

Music 
First of May Band
Musical development and songs arrangements
Vince Pryce: vocals, keyboard, bass, drums
Dave Rogers: lyrics, vocals, guitar
Laura Owen Wright; vocals, guitar, keyboard
Fred Wisdom: vocals, guitar

‘Buen amigo’, Anibal Troilo

Thanks
Josh Abrams ‧ Terryl Bacon ‧ Anna Burton ‧ Patricio Coll
Jonathan Derbyshire ‧ Gillian Gadsby ‧ Alan Gibbons
James Hunt ‧ Karen Jonason ‧ Andy Keenan
Joe Kelleher ‧ Sophie Mount ‧ Paul O’Prey ‧ Nina Power
Peter Richardson ‧ Lee Salter ‧ Anthony Scully
Eva Slotegraaf ‧ Richard Stainton ‧ Paul Sutton
Dave Tinham ‧ John Wood ‧ John Wyver

Natasha Reid, Lewisham Council
Chelmsford TUC

This is a film that the ruling order will regard (I hope) as a bit dangerous, because it wholeheartedly celebrates the protest movement against government-imposed austerity. It presents the discussion, debate and arguments which have come together in open dialogue within the movement, without preferring one position over another, but trying to make sense of the collective clamour, in opposition to the disinformation of the mainstream media.

In this sense, ‘Chronicle of Protest’ fulfils the task of documentary to report on (a segment of) the world, not objectively, which is hardly possible, but without guile. For unlike television reportage, it doesn’t pretend to some mythical notion of balanced truth, but fully acknowledges the subjective positioning of the film-maker within the great We of which it speaks—the real big society, not David Cameron’s fairy tale version.

The film follows the chronology of events over five months, from November 2010 to the end of March 2011, interspersed with songs by Banner Theatre’s First of May Band, filmed at a performance of their show, Cabaret Against the Cuts. It also borrows footage from various sources, since this is current affairs, which nowadays passes not only on television but also on the web. The purpose of these borrowings is not to give a ‘balanced’ picture but a dynamic one, which reminds us of the give-and-take of the public sphere around the issues of the day.

The mainstream media come under criticism from the start, exposed by the new flux of the internet’s social media, which have become a parallel domain of communication through which the politically unorganised can discover each other, communicate, and organise with great rapidity. This film belongs to this alternative circuit, since it takes the form of a reworking of a series of video blogs originally posted on the New Statesman web site. As the Brazilian film critic José Carlos Avellar put it another context, the camera is an actor within the reality which it films, and that reality is the co-author of the film.

One of the things it inevitably shows in consequence is the reclamation of public space through occupations, street protests, marches and rallies, as the proper place for the expression of popular political demands, precisely because the popular voice is never heard in the mediated public sphere directly but always filtered by the editorial stance. In this film, by contrast, the aim is to hand the word over to the range of individual and collective voices which are now ringing in the politicians’ ears at every turn, clamouring for social justice.

My main hope? That it proves useful in expressing and strengthening the spirit of popular resistance to the democratic deficit of Britain under the Cameron-Clegg Coalition.