punisa
24th September 2009, 11:35
On his new movie "Capitalism: a love story" (excerpt):
Larry King: You describe this movie as the culmination of all the films you've made. Does that mean this is it?
Michael Moore: No. I hope not. It means that, for 20 years, as you said, I've been doing this. I started out by showing people what General Motors was up to and how this was a company that was making a lot of bad decisions and it wasn't good for the company nor for the country. That was 20 years ago.
And since then, I've covered a number of issues and different things. But it all seems to come back to this one issue of "follow the money."
Who's got the money? And whoever has the money has the power. And right now, in America, tonight, Larry, the richest 1 percent have more financial wealth than the bottom 95 percent combined.
King: Are you saying capitalism is a failure?
Moore: Yes. Capitalism. Yes. Well, I don't have to say it. Capitalism, in the last year, has proven that it's failed. All the basic tenets of what we've talked about the free market, about free enterprise and competition just completely fell apart. As soon as they lost, essentially, our money, they came running to the federal government for a bailout -- for welfare, for socialism. And I thought the basic principle of capitalism was that it's a sink-or-swim situation. And those who do well, the cream rises to the top and, you know, those who invest their money wrongly or, you know, don't run their business the right way, then they don't do well.
And if you run your business the wrong way, where does it say that you or I or anybody watching this has to bail them out?
I understand why everybody seemed to get behind it, because a lot of people were afraid, because these people down on Wall Street had taken our money and made bets with it. I mean, they essentially created this invisible virtual casino with people's money -- people's pension funds, people's 401(k)s. They took this money and they made bets. And then they made bets on the bets. And then they took out insurance policies on the bets. And then they took out insurance against the insurance -- the credit default swaps.
King: You started filming before Lehman Brothers went belly up.
Moore: Yes.
King: The stock market tanked. Now, how did the events, as it occurred, affect the movie? Did it change gears?
Moore: It didn't change in terms of what I was looking at, but it did, obviously, offer probably the best example of why this is a system that is really corrupt at its core -- corrupt because it doesn't, it isn't run with democratic -- small "d" -- democratic principles. There's no democracy in our economy. You and I and the people watching have no say in how this economy is run. The upper 1 percent, the people down on Wall Street, the corporate executives, they're the people that control this economy.
King: And they don't want to see the economy do well? They don't want to see people...
Moore: Oh, they sure do.
King: Don't they want people to make money so they can buy the products? I mean it's silly if they want people unemployed?
Moore: Oddly enough, yes.
King: Why?
Moore: I'll tell you why. Because your employees are your biggest expense. And, as you've noticed in the last few months, as the unemployment rate has gone up, so has the Dow Jones. Now, you'd think, you know, that Wall Street would respond with "Oh, my God, unemployment is going up, you know, this is bad for business." But the reality is, is that Wall Street likes that. They like it when companies fire people because immediately the bottom line is going to show a larger profit.
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My comment:
Now I know, Moore is as socialist as Bill Gates (he isn't). But lately I'm very pleased when someone speaks out against current economic model in whatever way they can, as long as they can reach the large masses.
For example, remember that weird Zeitgeist movie(s)? I thought the whole project was nothing more then a great stuff to watch when you get high. But it has been proven on many occasions that talking socialism to people who have really enjoyed watching Zeitgeist was a much easier task then if you deal with "praise the flag and God" folks.
Do you think that projects like these can indeed be an aid to our movement? if we recognize the revolutionary potential it can spark off and then work on expanding and guiding those ideas in the only feasible direction (socialist revolution)?
Larry King: You describe this movie as the culmination of all the films you've made. Does that mean this is it?
Michael Moore: No. I hope not. It means that, for 20 years, as you said, I've been doing this. I started out by showing people what General Motors was up to and how this was a company that was making a lot of bad decisions and it wasn't good for the company nor for the country. That was 20 years ago.
And since then, I've covered a number of issues and different things. But it all seems to come back to this one issue of "follow the money."
Who's got the money? And whoever has the money has the power. And right now, in America, tonight, Larry, the richest 1 percent have more financial wealth than the bottom 95 percent combined.
King: Are you saying capitalism is a failure?
Moore: Yes. Capitalism. Yes. Well, I don't have to say it. Capitalism, in the last year, has proven that it's failed. All the basic tenets of what we've talked about the free market, about free enterprise and competition just completely fell apart. As soon as they lost, essentially, our money, they came running to the federal government for a bailout -- for welfare, for socialism. And I thought the basic principle of capitalism was that it's a sink-or-swim situation. And those who do well, the cream rises to the top and, you know, those who invest their money wrongly or, you know, don't run their business the right way, then they don't do well.
And if you run your business the wrong way, where does it say that you or I or anybody watching this has to bail them out?
I understand why everybody seemed to get behind it, because a lot of people were afraid, because these people down on Wall Street had taken our money and made bets with it. I mean, they essentially created this invisible virtual casino with people's money -- people's pension funds, people's 401(k)s. They took this money and they made bets. And then they made bets on the bets. And then they took out insurance policies on the bets. And then they took out insurance against the insurance -- the credit default swaps.
King: You started filming before Lehman Brothers went belly up.
Moore: Yes.
King: The stock market tanked. Now, how did the events, as it occurred, affect the movie? Did it change gears?
Moore: It didn't change in terms of what I was looking at, but it did, obviously, offer probably the best example of why this is a system that is really corrupt at its core -- corrupt because it doesn't, it isn't run with democratic -- small "d" -- democratic principles. There's no democracy in our economy. You and I and the people watching have no say in how this economy is run. The upper 1 percent, the people down on Wall Street, the corporate executives, they're the people that control this economy.
King: And they don't want to see the economy do well? They don't want to see people...
Moore: Oh, they sure do.
King: Don't they want people to make money so they can buy the products? I mean it's silly if they want people unemployed?
Moore: Oddly enough, yes.
King: Why?
Moore: I'll tell you why. Because your employees are your biggest expense. And, as you've noticed in the last few months, as the unemployment rate has gone up, so has the Dow Jones. Now, you'd think, you know, that Wall Street would respond with "Oh, my God, unemployment is going up, you know, this is bad for business." But the reality is, is that Wall Street likes that. They like it when companies fire people because immediately the bottom line is going to show a larger profit.
----------------------------------------------------------------------------
My comment:
Now I know, Moore is as socialist as Bill Gates (he isn't). But lately I'm very pleased when someone speaks out against current economic model in whatever way they can, as long as they can reach the large masses.
For example, remember that weird Zeitgeist movie(s)? I thought the whole project was nothing more then a great stuff to watch when you get high. But it has been proven on many occasions that talking socialism to people who have really enjoyed watching Zeitgeist was a much easier task then if you deal with "praise the flag and God" folks.
Do you think that projects like these can indeed be an aid to our movement? if we recognize the revolutionary potential it can spark off and then work on expanding and guiding those ideas in the only feasible direction (socialist revolution)?