Episode 1: The Party's Over—How the West Went Bust (Enhanced DVD)
There was no denying that the West enjoyed a booming economy, which was fueled in large part by the availability of inexpensive products manufactured in China as well as easy-to-obtain credit. Though citizens in the western hemisphere were enjoying this profitable time, problems became much more obvious after the financial crash of 2008. Robert Peston, BBC Correspondent, highlights the problem with the economic system that led to the economic downturn in recent years, not only by interviewing economists as well as politicians and bankers, but by also focusing on the lives of two families, one living in Britain and the other living in China. He compares and contrasts the daily lives of these families, which span three generations. The differences between the two could not be much more unlike one another, from their feelings on work ethics to their access to health care.
This is the first part of the series The Party's Over. This film has a run time of 52 minutes and is closed captioned for the hearing impaired.