capitalism does not need to be defended or denigrated. it is an economic system from which our economic system borrows many ideas or qualities. we also have elements of socialism in our economy.
however, the unsavory parts of capitalism have become the hallmarks of modern corporatism and michael moore touches on just a few, key aspects of what is wrong with our economic choices as a society in order to educate the masses and point out some basic truths. he does it with the same sense of humor we have seen in all of the moore films.
capitalism: a love story, makes some main points...
relaxed economic regulations allowed the advent of credit default swaps, which made a few wealthy at the expense of the masses. when toxic loan assets began to show their real colors, some major players went down but goldman sachs was the government's preferred player and recipient of its largess.
the movie also makes a few subtler points such as when america's hero, sully sullenberger, (he of landing a jet airliner in the hudson river,) testifies to congress on how much his pension and pay have been cut in recent years. the point is the united states is like a school yard bully who has been rendered obsolete by apathy. there is nothing the world needs us for anymore. we do not manufacture anything. we merely have the ability to destroy on an unprecedented scale and so we are feared, perhaps. we are tolerated. our sole export of late has been the rubic's cube style financial instruments, (credit default swaps,) that robbed the american people's retirement accounts. beyond that the world would like to de-value our dollar and watch us whither up and shrink away.
ultimately, like many moore films, capitalism is a modern mish-mash montage of images and stories that contribute to the overall idea. that idea is legion, too. that idea is: capitalism is not a good word and socialism is not a bad word, the invisible hand of the market belongs to alan greenspan, franklin roosevelt had a great deal more work to accomplish when he met his untimely end, and our leaders are not elected...they are bought.
1 comment:
Did you change the name of your blog? Oh ya, interesting capitalism stuff..
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