Review
Culture
Film & TV
3 min read

Thank you for being born

A thermonuclear ethical debate swaddled in a family road-trip comedy. Daniel Kim reviews Broker.

Daniel is an advertising strategist turned vicar-in-training.

Three people, one carrying a baby, stand on a dock side at a harbour
The brokers await a meeting with prospective buyers.

In 2009, a Korean pastor at Jusarang Community Church installed a small, two-way, hatch on the wall of his church. One way opened out onto the street where mothers could place unwanted babies anonymously and inconspicuously. On the other side, the child would be taken into a nursery, cared for, and put up for adoption. By 2019, over 1,500 babies were left in this ‘Baby Box’ and the scheme has spread out across Korea and other surrounding countries. Since then, it has continually raised challenging ethical, pragmatic, and social questions in the media. What about the legality and safeguarding of this scheme? What about the possibility of corruption and bad actors? Does it incentivise irresponsible motherhood? Is it better to abandon a baby than to abort it? Least to say, the topic is one that spins off into many controversial and toe-curling conversations.  

Hirokazu Kore-eda’s Broker is a film that is equally about all of these things, and also none of them. After a young woman decides to abandon her newborn child at a Baby Box she discovers that a pair of criminal ‘brokers’ are at work who take these children and sells them to childless parents. She decides to join them on the search for the right ‘customers’.  

If the premise conjures up images of a grim existential drama, you would be mistaken. If I were to describe this movie in two words, it would be ‘intimate’ and ‘humane’. It is not a moralising hit-you-over-the-head polemic. Instead, it is a thermonuclear ethical debate swaddled up in a warm, slice-of-life, road-trip comedy. Yet it manages to do this without feeling contrived or losing the empathetic depth required to do the topic justice. It humanises the ethics and portrays them in a heartwarming yet unsentimental narrative. For this alone, the writer-director Kore-eda deserves his plaudits. Rarely does the film feel heavy.  

Broker trailer

The tone of the film is measured and meditative without dragging. The lingering and deliberate cinematography doesn’t overstay its welcome and contributes to the calming, road-trip atmosphere of the film. There are some particularly memorable compositions during key dialogue scenes that will leave an impression - The Ferris Wheel. You’ll know what I mean.  

Set in predominantly rural coastal towns, the camera writes a subtle love letter to the South Korean coast. And at a time when the films that manage to gain wider Western viewership are heavy, Seoul-centric dramas, it is refreshing to see a film that points the camera to the rural coastline and celebrates its understated but lived-in beauty. In this way, the Japanese influences of the director shine through.  

The performances are strong all around. The ever-reliable Song Kang-ho of Parasite brings in a reserved yet dialled-in performance as a good-natured yet morally dubious broker which is worthy of his Best Actor award at Cannes 2022. Yet Ji-eun Lee’s performance deserves particular attention. Playing the mother, she inhabits the emotional core of the film with convincing depth and complexity. This is particularly impressive given that it is a debut performance in a feature film. The writing is gently comedic and delightful while being doggedly committed to portraying its characters as they truly are - in shades of grey and emotional complexity. Tackling such a thorny issue would have run the risk of characters becoming mere caricatures in the hands of a less sensitive screenwriter. 

To the question, what am I worth if I was abandoned, orphaned, divorced, poor, morally compromised, or whatever else? the film responds thank you for being born. 

The film does not seek to paint ethics in black and white clarity, resisting any effort to politicise or polemicise. Despite this, the core of the film is a celebration of life, an exploration of the meaning of family, and an unflinching affirmation of the inviolable value of the human individual. To the question, what am I worth if I was abandoned, orphaned, divorced, poor, morally compromised, or whatever else? the film responds: thank you for being born.  

From a Christian perspective, this was refreshing. Rarely does a film portray human complexity without cynicism. The ‘ethics of Life’ has made its foray into the cinema scene several times in the last few years including Ozan’s drama exploring euthanasia, Everything Went Fine (2021), or the more widely known Me Before You back in 2016 delving into similar waters. They bring with them their own nuanced perspectives, but they trend towards the possibility of death being more desirable than life. Into this conversation, Broker provides an uncomfortable yet much-needed counterpoint in which life wins. The film doesn’t glorify or heroise the Church's efforts, playing only a minor background element. Instead, it is the story of complicated, broken people stumbling through the best they can. 

Broker debuted in Cannes 2022, releasing in South Korean cinemas in June, but has only just made it into cinemas in the UK. It will probably not gain wider cinema openings like Parasite did, but if you have a chance to watch it at your local independent cinema, you are in for a heartwarming, meditative, and intimate experience, dripping with humanity. 

The real Baby Box

Article
Culture
Economics
Ethics
1 min read

The rights and wrongs of making money with meme coins

When does investing become speculating, or even addictive gambling?
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.