Popular Culture and the Economic Downturn - Essay Example

The recession has led to job losses in many industries and this has affected the per capita income and production, popular culture has responded by emphasizing the current situation in the economy, this includes job losses and the effects of the crisis on the banking sector, music and films have also concentrated on the crisis example according to MSNBC (2009) J Zay a rapper flash the Euro currency instead of dollars in his recent video and this shows that the dollar is weak due to the current financial crisis.

Films on the other hand have also concentrating on the financial crisis example the documentary named breadlines and Champagne Given the current situation in the economy popular culture has been a refuge to nostalgia, popular culture has in the recent past been viewed as a reminder of the past which is seen to be better than the current situation in the economy.