Monday, February 17, 2014

Presentation: pop culture

As Margaret Atwood said "Without memory, there is no debt. Put another way: Without story, there is no debt." Margaret Atwood author of "Debtor's Prism" briefly speaks about people getting themselves in debt and trying to find a way of getting out of this financial predicament. Also explaining debt as "an out-sized bubble of interlocking debt burst, leading to the downfalls of prominent companies. Loans by and to the government, financial institutions, and consumers collided on an epic scale. Still, the idea of what we owe on another is an ancient theme, and this is just the latest chapter in a long cultural history." Atwood looks at debt as a way of seeing your downfalls and doing your best to make it back to the top by doing what you have to do to get out of this situations.
Atwood relating it to it all being a part of capitalism, In which author of "Overselling Capitalism with Consumption" Benjamin Barber a political theorist 's explains debt as a "deferred gratification that has been replaced by an infantilist ethos of easy credit and an impulsive consumption that puts democracy and the market system at risk."which means capitalism is a core virtue that is married to altruism and self determination. But reading both of these articles and seeing where it fits in pop culture it perfectly relates to the movie "The Pursuit of Happyness." This movie describes how being in debt really can hold you back in life and the circumstances of not being able to pay his debt and having almost just about everything taking away from him and having to take care of a young child while trying to make it in the work force after giving up his job, for a job that was only paying on commission. After getting the opportunities to finally get out of such distress and landing a job in Corporate America he was able to appreciate the opportunities and have a better life for him and his son.

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