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Generation Zero (film)

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Generation Zero (film)

Generation Zero is a 2010 American documentary film written and directed by Steve Bannon, and produced by David N. Bossie for Citizens United Productions. The documentary features historian David Kaiser as well as author and amateur historian Neil Howe.

In the film, Bannon examines the 2008 financial crisis in the context of a generational theory by authors William Strauss and Neil Howe.

The film examines the subprime mortgage crisis and 2008 financial crisis in a generational context. A 2010 review from The Richmond Times-Dispatch described Generation Zero as a horror film about the U.S economy.

While the film focuses on economic topics, including deficit spending and the 2008 financial crisis, the film also heavily focuses on the 1960s. The film interprets the 1960s in the context of Strauss and Howe's generational theory. In the film, Bannon is critical of his own generation. He commented: that the "baby boomers are the most spoiled, most self-centered, most narcissistic generation the country’s ever produced”, blaming the cohort for much of the current economic problems.

The film describes the 1960s as a time in which young adults turned away from their parents' values, saying they turned their backs on history. The film refers to “seasons of history” and concludes that the damage which was initiated in the 1960s, when young baby boomers turned away from their parents' values, will be undone via war or other great crisis. The period of crisis is referred to as a "turning". In Strauss and Howe's theory, the period of crisis or war is referred to as the “fourth turning”. The film concludes with the line "history is seasonal and winter is coming".

Historian David E. Kaiser, who was consulted for the film said that it focused on a key aspect of Strauss and Howe's theory: "the idea that every 80 years American history has been marked by a crisis, or 'fourth turning', that destroyed an old order and created a new one”. Bannon, Kaiser states, was "very familiar with Strauss and Howe’s theory of crisis, and has been thinking about how to use it to achieve particular goals for quite a while.”

In 2010, Richmond Times-Dispatch commented "Filmmaker Steve Bannon has put together a genuine horror flick. It's about the U.S. economy."

The film was subject to renewed attention in late 2016 and 2017, after Bannon became Chief Strategist in Donald Trump's administration. The film has been described as apocalyptical and polemical, although anger over the bank bailouts and concern over deficit spending, specifically that "Our government is spending money that we don't have. The longer we wait to fix that problem, the tougher the solution" have been described as issues on which liberals and conservatives may agree. The portion of the film which blames the housing crisis on efforts to help African Americans, specifically on the Community Reinvestment Act, was criticized as inaccurate.

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