The Crisis of Credit Visualized

By the author: “The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated. This project was completed as part of my thesis work in the Media Design Program, a graduate studio at the Art Center College of Design in Pasadena, California. For more on my broader thesis work exploring the use of new media to make sense of a increasingly complex world.”

See http://www.crisisofcredit.com

To watch this short animation in HD click here http://www.vimeo.com/3261363

One thought on “The Crisis of Credit Visualized

  1. As a result of the Great Depression in the 1930’s (the biggest crisis of capitalism to date), governments came to see the need to interfere with capitalism (that is to adjust interest rates, exchange rates, etc.) in an attempt to prevent future crises. But the more credit, speculation (the buying and selling of stocks, real estate, bonds, etc., to profit from fluctuations in prices) and money with no real basis (money which is just paper and doesn’t represent anything real of value) build up and comes to dominate the world economy (which is happening more and more each day), the more difficult it is to stave off crisis. The current crisis has proved that.

    So, who was Marx, and what does he have to do with all of this?

    Karl Marx was a political economist and political theorist, but above all, he was a revolutionary. Among his many writings was Capital, an exposé of the workings of the exploitative capitalist system. But Marx didn’t just criticize capitalism, he also pointed the way forward for humanity, through the creation of a higher form of social organization. Marx lived from 1818 to 1883, but his theories remain as relevant today as when they were first written.

    >> What Marx said

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