Admittedly, I am late to this party. Life & Debt came out a while ago, but I just Netflixed it, so I got to see the Stephanie Black directed feature late. Better than never.
The film tells the story of the island nation of Jamaica’s interaction with the International Monetary Fund. And the effects. I polled a friend and Jamaican native in an informal fact-check and more-or-less got the idea she didn’t agree with the film or the presentation. But Jamaica is a pretty partisan place, and the facts as laid out in the film are sad and the presentation pretty compelling. Belinda Becker, who I know as a New York trend-maker, narrates part of the film. Overall the film is riveting because some of the story-lines, the effects of the IMF relationship are so monumentally disastrous and often inhumane, that you’d think it would sit somewhere on the front page of the New York Times. Here is what the New York Times had to say recently about the film:
“The term ”globalization” is so tinged with rosy one-world optimism that it’s easy to assume the essential benignity of an economic philosophy whose name vaguely connotes unity, equality and freedom. But as Stephanie Black’s powerful documentary ”Life and Debt” illustrates with an impressive (and depressing) acuity, globalization can have a devastating impact on third world countries. The movie offers the clearest analysis of globalization and its negative effects that I’ve ever seen on a movie or television screen.”
Whoa. Watch it.