I managed to catch one of the last few screenings of Capitalism: A Love Story last week and it’s greatly entertaining.
The documentary film focuses on the recent financial crisis and the recovery stimulus, and manages to convince the viewers that everything was a result of capitalism – an evil that should be best eliminated. The poor gets poorer while the rich get richer; middle class families being driven out of their homes due to foreclosures and end up working for the rich people that drove them out of their homes. Talk about vicious cycles.
There was a term “plutonomy”which means that the top 1 percent of the population controls more financial wealth than the bottom 99 percent. Basically, an advantage for those wealthy but a problem when it comes to politics as the 99 percent are more likely to bunch up together and fight for their rights. There’s also the “dead peasants” insurance schemes that employers buy for their employees such that they would gain from their deaths. The part that touched home was when Moore went to Wall Street asking around for the definition of “derivatives”, and even after a pretty thorough explanation from a Wall Street expert, he’s dumbfounded (so am I).
The most entertaining part would be Moore going to the major banks with money bags so that they could return the money the government used for the bailout. One of the scenes earlier showed him interviewing a committee head in charge of the bailout and even she says she has no idea where the money went. Thus, the fitting use of “crime scene investigation – do not cross” yellow tape across these banks!