Review

Culture

Film & TV

Justice

Race

18 September 2024

6 min read

Rebel Ridge switches the code on corrupt coppers and body counts

An action movie tackling the all-time low trust in public bodies.

Krish Kandiah

Krish is a social entrepreneur partnering across civil society, faith communities, government and philanthropy. He founded The Sanctuary Foundation.

Two men stand off against each other, one holds a holstered gun.

Don Johnson and Aaron Pierre.

Netflix.

I wasn’t expecting to emotionally connect with this straight-to-Netflix action movie but Rebel Ridge is not a normal action film. It may be sitting at the number one position on the Netflix film charts, with its echoes of a classic Jack-Reacher-style thriller, but where it surprises and stands apart is in its challenging and nuanced handling of race, violence and corruption.

Race

Like Lee Child’s character Jack Reacher, Terry Richmond played by Aaron Pierre is a former US military officer. He is a private person, self-confident, respectful, comfortable with his own company and willing to go the extra mile to help a cousin who has got himself in a mess. Despite his lowly job in a restaurant, Terry happens to have financial means as well as expert survival and hand-to-hand combat skills. He is also Black.

The opening sequence shows Terry cycling into a small town when he is accosted by two local – white - police officers. Suddenly the dynamic changes. The determined, self-confident, resourceful man becomes the downtrodden object of a series of abuses and injustices. Terry tries everything to deescalate the problem, without success. Nevertheless, he remains polite, referring always to the officers who deal with him as “Sir”, and finding things to thank them for.

I found myself relating to this, remembering times that I have had to deal with abusive power and hoping that if I remain calm, polite and respectful, I could win the other side over. Some have called this “respectability politics” – the pressure on marginalized groups, particularly Black people, to behave in a manner that aligns with dominant cultural norms - including being overly-polite or restrained - especially in the face of abusive power or injustice. Another term for this is "code-switching," where minority groups feel the need to adjust behaviour, language, or appearance to fit into a different cultural context, often in response to systemic power imbalances.

Terry tries everything to get out of his situation with minimum disruption. But things deteriorate so far so quickly that Terry realises that nothing he can say or do will allow him to extricate himself. Cornered in this way, he is forced to pursue justice by other means.

It is hard not to see this film without remembering the death of George Floyd. That terrible incident in May 2020 highlighted racial disparities in policing in the US: 13 per cent of the American population is Black, yet they account for about 25-28 per cent of police killings each year. According to the Mapping Police Violence project, Black people are up to three times more likely to be killed by police than white people - between 2013 and 2022, about 7,000 Black Americans were killed by police.

The UK’s police services have had to admit to similar disparities. Black people are seven times more likely to be stopped and searched compared to white people in England and Wales. In London, where stop-and-search powers are more frequently used, Black individuals make up around a third of all stop and searches, despite representing about 13 per cent of the city's population. From arresting, handcuffing, the use of taser, remanding in custody and more, data shows that racial disparities are evident across the service. These disparities undermine trust in the police service, which in turn can inhibit the cooperation and information sharing needed to reduce crime and protect citizens.

The racial tensions that permeate the movie give viewers a glimpse into what it is like to be mistrustful of those who are supposed to help and serve us. As such it is a masterpiece in raising awareness of racism wherever it is experienced, and the fear and injustice that go with it.

Violence

Terry is huge, athletic and highly skilled. Like most movies of this genre, I was expecting the protagonist to be pushed to breaking point, thereby unleashing a wave of violence so severe and overwhelming that he becomes an unstoppable killing machine.

In Taken, Bryan Mills, played by Liam Neeson, kills almost 100 people, mainly of Albanian nationality, by gunfire, strangulation and electrocution, on his quest to protect his family. In the more recent John Wick series of films, Wick, played by Keanu Reeves, a retired assassin, kills over 400 people in a wave of violence initiated by the theft of a car and the killing of a puppy.

But Rebel Ridge is different. A key thread in the movie is the use of Escalation of Force–Non-Lethal Effects (EoF-NLE), meaning the use of verbal warnings, warning shots, non-lethal explosives and physical restraint tools like tasers or pepper spray that are supposed to minimise the risk of injury and death. In the film, the corrupt police officers have not only illegally raised money to buy this equipment they have also profited from renting out their EoF-NLE to third parties.

Terry shows himself to be a different kind of hero, with a stronger moral compass than the police service as he uses their own EoF-NLE against them. On one occasion we watch as he loads and racks his gun, only to use it in self-defence. He is an avenging angel unleashed who refuses to kill people. There are plenty of showdowns, but the final total body count is one.

Corruption

Many action movies, Taken and John Wick included, contain little social commentary. Rebel Ridge, on the other hand, is prepared to tackle some significant social issues. The corruption around EoF-NLE and militarisation of local police forces is one example. The other questionable practice that gets much discussion is “civil asset forfeiture” - an anti-drug regulation that allows a police officer to seize cash and other valuables with no due process. Both issues as portrayed in this film highlight the wider question of accountability of policing, as well as the potential for corruption that comes with its absence.

Indeed, it's not just about ‘bent coppers’ – the whole justice system is shown to be at risk in this film. The local judge is implicated in the corruption, and the state prison, as expected, fails to protect. The impact is pervasive. We see a conflicted black female police officer, a court worker struggling to get court support, and many others who stand idly by because they don’t seem to know what is right or good anymore.

At a time when trust in public bodies is at an all-time low – this film, despite its non-violent and subversive tropes, presents to us a heroic rebel with a higher moral compass who goes against the flow and pushes back against the system to try and fix things. It may not restore faith in our society’s institutions – but perhaps it does restore faith in something else.

Although the director, Jeremy Saulnier, claims Rebel Ridge was not based on a true story, I cannot help thinking of a true story that might have inspired it. I am reminded of Jesus Christ, the most famous rebel in history, who was killed in a showdown on a ridge outside Jerusalem for speaking out – lashing out even - against the corruption in the religious institutions of his time, for taking an anti-racist stance, and for living in a way that went against the flow. It reminds me of the lengths he went to get those he loved freed from the mess they had gotten themselves into, and the price he paid to try and save them from certain death. Like Rebel Ridge, the ending to that story remains open: who will take up the call and will true justice ever be served?

Article

Culture

Economics

Ethics

1 May 2025

1 min read

The rights and wrongs of making money with meme coins

When does investing become speculating, or even addictive gambling?

Laurence Fletcher

Laurence Fletcher is a journalist at the Financial Times.

A montage shows Trump with a raised fist against other images of him and the phrase 'fight fight fight'.

$Trump coin marketing image.

gettrumpmemes.com,

Donald Trump’s “liberation day” tariffs may have driven sharp swings in global financial markets, but his actions in markets a few months earlier were in some ways even more peculiar.

On the Friday before his inauguration as the 47th US President in January, the Republican surprised many with the launch of the $TRUMP memecoin, described by its website as “the only official Trump meme”. The cryptocurrency token, in which Trump’s family business owned a stake, initially soared in value to more than $14bn over that following weekend.

Then, on the Sunday, Trump’s wife Melania launched her own memecoin, $MELANIA, which reached a value of $8.5bn. Even the pastor who spoke at the president’s inauguration subsequently launched his own memecoin.

For those wondering what exactly a memecoin is, you are not alone. In short, they are a form of cryptocurrency - an asset class that itself has attracted plenty of questions about its substance and purpose - representing online viral moments. They have no fundamental value or business model and, according to the US securities regulator, “typically have limited or no use or functionality”.

Donald and Melania Trump’s coins subsequently plunged in price, but still have a value of around $2.5bn and $214mn respectively, according to website CoinMarketCap.

There are plenty of others in existence. PEPE, based on a comic frog, has a value of around $3.6bn; BONK, a cartoon dog, has a market cap of $1.5bn; and PNUT, a reference to a squirrel euthanised by authorities in New York and about which Trump was allegedly “fired up” (although doubt has since been cast on the president’s involvement in the matter), is still valued at around $174mn, despite having fallen sharply in price.

Dogecoin, seen as the world’s first memecoin and originally created as a joke, boasts a market value of around $25bn. (There are other memecoins which may not be suitable for these pages).

Some people’s willingness to buy an “asset” with no use or fundamental value may seem strange to more traditional investors. But it can be viewed as just one manifestation of the speculative investor behaviour evident since the onset of the coronavirus pandemic and, indeed, at times throughout history.

The price of Bitcoin recently rose above $100,000, despite many investors still viewing it as having little or no value (in 2023 the UK’s Treasury select committee described cryptocurrencies as having “no intrinsic value, huge price volatility and no discernible social good”). In early 2021, shares in GameStop - a loss-making US video games retailer that some hedge funds were betting against - rocketed as much as 2,400 per cent, as retail investors piled in, many with the aim of inflicting pain on the hedge fund short sellers (in that respect at least, a highly successful strategy that became the subject of the film Dumb Money). The huge rise in AI and other tech stocks in recent years - until the recent tariff-driven volatility - has also been described as a bubble by some commentators.

Whether or not such episodes can be compared to infamous bouts of speculative mania in history depends on your point of view (and often can only be judged with the benefit of hindsight) - be it the 17th century Dutch tulip bulb mania, shares in the South Sea Company in the 18th century or the dotcom boom and bust of the late 1990s and early 2000s.

But it does give rise to the question of when investment should start to be described as speculation or even as gambling? And what are the rights and wrongs of any of those activities?

There can be negative effects, for instance if the actions of speculators force businesses in the real economy to change their plans or divert time and resources...

Gambling can be thought of as risking a stake on, for instance, the result of a game of chance or sport in the hope of a bigger payout. While often the result is purely down to chance, in some cases a strategy or an element of research (for instance of a horse or football team’s form) can be used. Investment, in contrast, tends to involve purported economic utility and assets believed to have some sort of underlying value, and holds the hope of future profit (although there are also plenty of bad investments or those that have gone to zero). While an investor must be prepared to lose their entire stake, in some cases such an event is relatively unlikely (for instance, if they buy a fund tracking the performance of a major stock exchange). Speculation is harder to define, but is generally seen as shorter term than investment, with more chance of a bigger gain or loss, and dependent on price fluctuations. Rightly or wrongly, the term has a more negative connotation than investment.

One writer who explored the ethics of these activities was Oswald von Nell-Breuning, a Jesuit theologian and economist who served as an adviser to the Pope and who was banned from publishing under the Nazis.

While he found that “one general definition cannot capture all the nuances” of speculation, he identified two different types of speculative activity - one that was purely trying to make a profit from financial market trading, and one based on trying to create a viable business. (See this article in the Catholic Social Science Review for a fuller explanation of Nell-Breuning’s views on speculation).

As the CSSR article shows, Nell-Breuning found that there can be positive effects from speculation - one might think of better liquidity and price discovery in a market, while, in commodity futures markets, speculators allow producers to hedge risk.

But he also argued that there can be negative effects, for instance if the actions of speculators force businesses in the real economy to change their plans or divert time and resources away from production.

And whereas gambling typically takes place within a circle of players who have chosen to take part, speculation, he wrote, can affect a greater portion of society - for instance, if it affects the price of shares or bonds they hold.

The Bible - on which Nell-Breuning’s faith and analysis was based - does not take a prescriptive approach to such activities. But it does provide some interesting guidance.

An entrepreneurial approach to business and investment is applauded, for instance when the writer of the book of Proverbs (traditionally believed to be King Solomon) praises the virtues of “an excellent wife”. These include investing in a field and using her earnings from business to plant a vineyard, and feeding her family from her gains.

Jesus tells a story of a master who, before going on a journey, gives his property to his servants, each according to their ability. To one he gives five “talents” (a large unit of money), to a second two and to a third servant he gives one.

The first servant trades with his talents and makes five more talents - a 100 per cent profit - and is applauded by the master on his return. The second servant also trades and similarly makes two more talents and is again applauded.

But the third servant, being afraid and believing the master to be “a hard man”, hides the money in a hole in the ground. He is condemned as “wicked and slothful”, and told that he should at least have put the money in the bank.

While Jesus’s story may primarily be about how we view God’s nature, how we use our God-given abilities and whether or not we can take risks in faith for Him, it is also hard not to see investment and indeed wise speculation as being virtuous activities here. Putting the money into a bank account is, in this story anyway, more of a fallback option.

But the Bible also warns us against putting money above all else in our lives. The love of money is, famously, a root of all sorts of evil, while we are also told to be content with what we have, and that “wealth gained hastily will dwindle”.

Nell-Breuning similarly warns that a “get-rich-quick” mindset, when this is placed above all else, can be harmful, and advises caution in situations where the lure of big profits can lead the speculator into market manipulation or fraud.

After all, both gambling and crypto trading have the potential to become dangerous and damaging addictions needing treatment.

Ultimately, Nell-Breuning struggled to come to a simple conclusion on the question of whether speculation, in and of itself, is morally wrong. It is, he wrote, a judgment call for those involved.

When making such decisions ourselves, his - and the Bible’s - warnings may be worth bearing in mind.