Capital in the 21st Century 2019

Directed by Justin Pemberton Aotearoa

A sweeping – and sobering – account of the way that concentrated wealth has both shaped our past and is creating a deeply unequal future. Based on economist Thomas Piketty’s bestselling book.

Sep 04

Event Cinemas New Plymouth

Sep 06

Event Cinemas New Plymouth

Sep 14

Event Cinemas New Plymouth

103 minutes DCP
E

Director

Producer

Matthew Metcalfe

Co-producers

Yann Le Prado
,
Catherine Madigan

Screenplay

Matthew Metcalfe
,
Justin Pemberton
,
Thomas Piketty
,
Based on the book by Thomas Piketty

Photography

Darryl Ward

Editor

Sandie Bompar

Music

Jean-Benoît Dunckel

With

Faiza Shaheen
,
Gillian Tett
,
Joseph Stiglitz

Festivals

Sydney 2019

Elsewhere

PODCAST

A 700-page tome on the long-run effects of wealth inequality, Thomas Piketty’s Capital in the 21st Century was an unlikely bestseller in 2014. Its account of how concentrated wealth shapes the world was so compelling that it went on to sell 1.5 million copies.
Brought to the big screen by New Zealand director Justin Pemberton, Piketty’s thesis is crisply and engagingly presented in a documentary purposefully light on graphs and numbers, and heavy on top-notch talking heads (Nobel laureate Joseph Stiglitz, the Financial Times’ Gillian Tett, et al.), visuals of the rich and famous, and stylised historical recreations.
There is nothing inevitable about the march towards greater equality, argues Piketty. The normal order of things has been a world in which the wealthiest 1% owns around 70% of all assets. The ‘golden age’ of greater equality between 1950 and 1980 was an aberration. Pemberton relays this story in saturated, pop art-style colours. He also blends archival footage with film sequences, both old and new, into an almost hallucinatory cocktail, as if the bizarre excesses of wealth defied realistic description.
The film carries a warning too: that we could be rapidly reverting to Victorian-style levels of wealth inequality. But it also softens this prediction with a few key policy ideas. Piketty, whose classically Gallic charm and intensity make him the film’s centrepiece, argues for greater taxation of wealth and wider ownership of it, too, so that we all enjoy its returns. That way, he suggests, we might avoid a ‘pauperised’ future. — Max Rashbrooke