2016.65: The Big Short (Amazon VOD)
The world is a cesspit of lies and corruption, fraud and criminal activity in the financial markets aided and abetted by the political elite who themselves profit from the status quo, and the governing bodies that instead of policing the system sit back and allow things to spiral into financial apocalypse. It sounds like an over-the-top Oliver Stone movie, but instead its the premise of The Big Short, a riveting film that has the form of a factual comedy drama akin to The Wolf of Wall Street but is in reality more of a horror movie.
I can’t say I understood much of it, no matter how often the film breaks the fourth wall to stop and explain in layman’s terms the terminology (mortgage bonds, collateralised debt obligations and credit default swaps) being used by the bankers and investors in the film. Maybe that’s the point- in the film, it’s alleged that even the bankers themselves didn’t really understand what was going on, they just thought the party would never end. It is all smoke and mirrors, tricks and lies. Maybe it would make more sense on second viewing but I must confess there were a few moments it all seemed to be going way over my head. As it is, it remains a thrilling, fascinating ride that is all the more terrifying because it is all based on recent events that we all witnessed and to some extent have suffered by.
The strong cast (Christian Bale, Brad Pitt, Steve Carell, Ryan Gosling) are all great and no doubt their names attract viewers who wouldn’t ordinarily be interested in a tragi-comedy about financial collapse. Maybe a more serious, 1970’s-style investigative drama like Spotlight would have served to make a more daunting film- instead this comedy is more about the elite partying into the apocalypse with our protagonists caught in the chaos and disorder, our witnesses and conscience (at least Carell’s character- Carell is brilliant as the Worlds Angry Man left mutely stunned when he discovers he was right all along).
One of my problems with The Wolf of Wall Street was chiefly that, entertaining as Scorsese made its tale of excess and corruption in Wall Street, there wasn’t enough of a reality-check; coverage of the real losers in its tale of financial whizzkids getting rich at the expense of others. He seemed to be fascinated by the big houses, fast cars and beautiful women- yeah, the exciting and entertaining stuff, sure, but I just thought he owed us more social commentary, more balance. I think we get that in The Big Short because as the apocalypse looms it is clear who is really going to suffer- and it isn’t those engineering the global meltdown. At the end of the film there is a depressing summary of what happened post-meltdown, who was held accountable and what has been done to ensure it cannot happen again (in America at least). Pretty much no-one and nothing, it seems.
Let’s just hope we don’t get a sequel in ten/twenty years time.