Home / Series / Al Jazeera Documentaries / Aired Order / Season 2017 / Episode 29

Debt Machine

A look into the global economic system, focusing on the role of debt and Europe's debt crisis spiraling out of control. Debt drives financial markets, creates profit and generates an endless cycle of production and consumption. Many aspects of modern life revolve around credit. Our homes, cars, schools and government expenditures are financed by borrowing. Debt has become the engine of growth, the lifeblood of the economy. It is a machine that creates more and more debt, day after day. This debt machine has grown to epic proportions, and now seems to have spiralled out of control. Public debt, the debt held by governments, is soaring. The Eurozone is having a much harder time than other economies emerging from the crisis of spiraling debt. Why? How can the debt be repaid? And how can we ever get out of the spiral? This documentary takes viewers on a fascinating journey through the rugged landscape of economics and finance. Fast-paced and dynamic, it recounts the history of sovereign debt from the late Middle Ages to the present day and offers unexpected exit routes to safeguard the Eurozone from future crises.

English
  • Originally Aired June 1, 2017
  • Runtime 45 minutes
  • Network Al Jazeera
  • Created June 2, 2017 by
    Administrator admin
  • Modified June 2, 2017 by
    Administrator admin