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Catastroika
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Catastroika

2012 · EN · STATUS: [ STREAMING ]

Greece's sovereign debt crisis becomes the pretext for a sweeping sell-off of public assets, and this film follows the money behind it. Directors Aris Chatzistefanou and Katerina Kitidi trace privatization from Athens back through Russia's oligarch-era asset grabs, the sale of British Rail, and the reunification-era stripping of East German state enterprises, arguing the pattern repeats everywhere it's tried: prices rise, jobs vanish, and public services degrade while a small circle of buyers profits. Economists, politicians, and workers affected by these sales appear on camera, including voices defending privatization as necessary discipline and others calling it a transfer of wealth dressed up as reform. Archival footage of stock exchanges, protests, and shuttered factories anchors the argument in specific deals rather than abstraction. The film treats the Greek crisis as a test case for a decades-long international experiment, asking what happens to a country's water utilities, ports, and railways once they stop being public. It ends with the sell-off still underway and the results still unfolding.