A financial earthquake destabilises the ordinary lives of a series of Hong Kongers in Johnnie To’s circular thriller, Life Without Principle (奪命金). As one character puts it, greed is human and everyone always seems to want more but even a little is out of the reach of many and so perhaps their desire is understandable in a world in which a loan shark can lord it over the bank who are in essence little better than he is in exploiting their customers by charging them extortionate fees yet failing to protect their investments.
Just before the financial crisis of 2008, bank clerk Teresa (Denise Ho Wan-see) is beginning to fear for her job because she’s stuck at the bottom of the staff sales leader board and her boss doesn’t even bother to tell her off anymore. Under pressure she finds herself misselling a high risk BRIC loan to an older woman seemingly fearful of her declining economic power and hoping to make her savings pay a little more rather than just sitting in the bank doing nothing. Meanwhile Teresa is at the constant beck and call of boorish loanshark Yuen (Lo Hoi-pang) who won’t take out a loan with her because banks just rip you off. “Business is about profit but you have to play fair” he unironically explains handing over a card in case Teresa ever needs a “fair” loan pointing out you’ll pay 35% interest on a credit card but he’ll give you 15% even with bad credit. In any case, he leaves with only half of the 10 million he took out, asking Teresa to deposit the rest and sort the forms out later because he’s in a hurry, only he ends up getting offed in the car park meaning that second five million is in paper limbo.
Teresa can’t really argue that the bank is morally any better than the loanshark, only that what they’re doing is legally regulated even if she has just broken a series of regulations in talking the old woman into the risky loan because she herself fears a financial crisis in losing her job. Meanwhile in another part of the city, one old man ends up killing another in a property dispute amid the city’s notoriously difficult housing market. The policeman investigating, Cheung (Richie Jen), is ironically called away because his wife, Connie (Myolie Wu Hang-yee), is nagging him about buying a new apartment requiring a one million deposit on a 30-year mortgage. She complains that he’s stubborn and overcautious, but he is at least pretty much the only person showing any kind of prudence in the cutthroat investment world even as he hesitates on learning that his estranged father is at death’s door leaving behind an illegitimate little girl it falls on he and his wife to adopt.
If Cheung’s caution seems cold, it’s ironically mirrored in the film’s only pure hearted hero, ironic triad parody Panther (Sean Lau Ching-wan) who only cares about old-fashioned ideals like gangster loyalty even if those ideals are often expressed through money. Complimented by a boss for not trying to steal from a wedding collection he nevertheless games the restauranteur but only desires money in order to bail out his gangster friend Wah (Cheung Siu-fai) who is immediately deserted by all his minions who obviously don’t have the same ideas of loyalty as old school Panther. “Loyalty matters most” he insists to an old friend who left the triads to work as a junk collector because you can make more money recycling cardboard than in the contemporary underworld. Even his former sworn brother Lung (Philip Keung Ho-man) has managed to do very well for himself as a legitimate businessman hosting online gambling platforms and playing the stock market.
Yet as Panther pores over data it becomes obvious that they are all betting on the market remaining the same, blindsided by the advent of the Greek Debt crisis and its devastating destabilisation. They thought they had control, that the decisions they made based on the data they received would remain correct only to realise that they are almost entirely powerless. Teresa fiddles with the jammed lock on her cabinet as she vacillates over whether or not to cash out of the corporate life with the “invisible” money, while Connie reckons with potentially losing her deposit when the already risky mortgage application is turned down, and the old lady is left to face potential financial ruin all alone in the twilight of her life. Then again, fate is fickle. The crisis passes as quickly as it arrived allowing a kind of normality to return but finding the desperate protagonists largely unchanged if perhaps emboldened by the feeling of relief resulting from their accidental lucky escapes from certain ruin. A slick and intricately plotted elliptical thriller, Life Without Principle revels in cosmic ironies but nevertheless holds only scorn for the dubious promises of spiralling consumerism in an increasingly jaded society.
Original trailer (English subtitles)