All entries for Wednesday 15 October 2008

October 15, 2008

James Bond and the global economic crisis

Possibly not a title that Ian Fleming remembers…

It occurs to me that there are a number of similarities between what is happening now in the global economy and the plot of Casino Royale…

In the big plot set piece, James Bond has to gamble some money to try to win some from other people. In this, he fails. He therefore goes to his principal backer and asks for some more money. Because he has to get his money back somehow or the plot fails he gets given a lump sum from the government to gamble with again. He wins big, of course, and all is well (despite momentarily considering keeping the money for himself).

Quite apart from the fact that having flushed away the first tranche of money and therefore he would in real life not be given any more, because he’s clearly not as good at cards as he made himself out to be… the film is one of the modern trend of movies in that if we only have faith in someone, it will all come good in the end.

And right now it seems we have to have faith in the banking system that they will, despite (or because of) being the people who said that “past performance does not guarantee future returns” – never a more disingenuous statement was said!!! – we have to have faith that bankers will learn the error of their ways and not be so naughty ever again!


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