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Michael Moore: Capitalism Has Proven It's Failed


Business  (tags: celebrity, movies, media, politics, culture, business, economynews, corruption, americans )

AWAY AWHI
- 3558 days ago - cnn.com
the interview on Larry King Live



   

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Comments

Linda H (199)
Thursday September 24, 2009, 5:46 pm
I have to see this movie!
 

Laurie W (189)
Thursday September 24, 2009, 6:01 pm
The last part said it all. GM made 4 billion in profits, and laid of 30,000 workers...Yes it was for the obvious more profit for those on the top. When the heavy cream stay on the top instead of filtering down to the bottom everything drys up..soon the Fat Cats will get hungry but no one will be left to feed them...I wonder who they will blame it on then
 

Kathleen R (983)
Friday September 25, 2009, 12:21 am
I love it that he made the movie without political bias and I pray people will also be non-biased and go to see the movie!!! It looks to be exceptional~~~
 

Frank M (44)
Friday September 25, 2009, 4:56 am
Capitalism is a cancer on the earth that can only survive by consumption of the earths resources. We the consumers, are the fuel that feeds it, untill we to are consumed by the unfeeling, self serving corporate greed.
 

Paul Puckett (46)
Friday September 25, 2009, 6:03 am
Michael Moore mad a movie with no political bias? I can't wait to see the movie, although I'll be shocked if Moore fairly portrays capitalism. Still, I love his passion even when he has an agenda. Funny, how much does he make on his movies? If capitalism is so wrong, why doesn't he make his movies and live in a country that doesn't have any small vestige of capitalism? Not suggesting he should, just noting that he benefits from choosing to live in the US. Currently, and for many years, there is no purely capitalist country. All have some characteristics of other philosophical and political systems. US has major economic issues, but I'm not certain capitalism is to blame.

I wouldn't wait on the fat cats to need food. If they get to that point, the rest of us will have starved long before. Not a lover of fat cats, and certainly don't qualify as one, just an observation on those that have banked millions. They have no fear of starvation. Maybe their own Karma, but not hunger.
 

Christoph Wuth (72)
Friday September 25, 2009, 1:18 pm
A society depends on the continued creation of wealth for its prosperity and survival. Services cannot perform this function. They depend, in fact, upon wealth creation for their continued improvement. The explosion of wealth creation in the past few centuries was made possible because capitalism emerged in free, or nearly free, societies that allowed individuals to seek to better their own conditions without being given orders by higher authorities. Many unfairly consider that capitalism is cold and impersonal, but that's not the fault of the as such, but of its cold and impersonal administrators. No economic system is ideal or perfect, but capitalism is somewhat better than other principles.

 

(0)
Friday September 25, 2009, 4:17 pm
I Normally don't go to a movie But Michael Moore I Just My GOOOOO
 

Fiona Ogilvie (562)
Friday September 25, 2009, 4:40 pm
Michael Moore is brilliant. I have been following his career since Sicko.
 

Mitch Offutt (47)
Friday September 25, 2009, 4:44 pm
Hey Mkey. Where's the free admission to your simple little film? Give up that30 room mansion you roll in. Your moral grandstanding is pretty tepid.
 

MmAway M (519)
Friday September 25, 2009, 6:40 pm
OOHHHHH Coming back to get to this one and site also all of your comments.

I heard about his new movie out, though I normally don't go for his movie, this one seems to be a great one from the news I have seen!!!

Thanks for this Cal...gotta get back to this one for sure.
 

Paul Puckett (46)
Saturday September 26, 2009, 3:00 am
Gotta see this movie after hearing an interview with Michael Moore on NPR yesterday. In the movie, he interviews a Lehman Bros exec about derivative investments, specifically Credit Default Swaps. If the rest of the movie is anything like the clip I heard, don't eat popcorn during the movie. Laughter and popcorn are not a good combination.

Still, I wouldn't judge true capitalism on a Michael Moore movie.
 

. (0)
Saturday September 26, 2009, 6:23 am
If Karl Marx had been alive in America today, he would have said "See, I told ya." Michael Moore is right on in his making of this movie. I love bad reports on the mean, evil, selfish, greedy thugs, individual by individual. I hope the people Mike targets in this movie find it necessary to hire personal guards at great expense.
 

. (1)
Saturday September 26, 2009, 7:23 am
Every American needs to see this movie! We tend to walk around with blinders on, trying to ignore the facts that Michael Moore has brought out, or we want to just throw a person, a team, or money on it, and make it go away. Until we have REAL reform in the government, and in the ways things are run, where it is about the people, this will always be an issue. The rich get richer, and the poor stay in the slums. What hit me about part of this, was talking about college students getting so deep in debt by the time they graduate it takes them years to dig out when they first go to work. They do not have a chance if they take the credit cards, and the loans... yet college is so expensive without those loans how would they pay for college? Lots of questions he raises... that need many answers.
 

MmAway M (519)
Saturday September 26, 2009, 7:44 am
Great article at site.

Thanks for this one.

I personally have questioned Michael Moores tactics in the past, but would of just loved to see this CNN with Larry King, they probably will have this on my Demand channel since it is so contriversal.

Yep we all need some answers, like Pam said, rich get richer the poor stay in the slums and or in their cars, and saying that the Stock market likes it when we have unemployment since these companies have fewer peole to support, thus their bottom line is better.

UMMM -- At first I was thinking about a news story that had this new movie all about GOVERNMENT WITH TOOOOO OMUCH POWER.

So much more at this article site!!!

Thanks and Thanks again, always like to know what is going on, find that I am reading more on Care2 and less in the paper. Going to read the paper today though and a couple of back issues.
 

MmAway M (519)
Saturday September 26, 2009, 7:46 am
Just so I make this clear, when I referred to Pam's comment it was only about the Rich getting richer and the Poor in the Slums. Thought that was a great comment!!!
 

Ben O (128)
Saturday September 26, 2009, 7:46 am
Capitalism has destroyed our belief in any effective power
but that of self interest backed by force"
(George Bernard Shaw)
 

Ben O (128)
Saturday September 26, 2009, 8:00 am
"While they're standing in the welfare lines..."
http://www.youtube.com/watch?v=SKYWOwWAguk
 

Paul Puckett (46)
Saturday September 26, 2009, 8:01 am
In defense of capitalism, it might be helpful to define it. Capitalism is characterized by the private ownership of the means of production (businesses, manufacturers, etc.) and the distribution and exchange of goods and services in a "free" market or exchange. All of the alternatives to capitalism involve the ownership of businesses by governments or non-private owners. The alternatives also limit the exchange and pricing of goods and services.

For capitalism to work, people must have some level of trust in each other or the system won't work. With socialism, fascism, communism, etc., people trust their government and it's leadership, or are forced to pretend that they trust them, or the system won't work.

If you think about it, our system is not true capitalism. It is also not perfect, but it is probably better than the alternatives.
 

Ben O (128)
Saturday September 26, 2009, 8:27 am
"Keep on rockin' in the free world..."
http://www.youtube.com/watch?v=fQccK0F1_iY
 

Gissel Escudero (11)
Saturday September 26, 2009, 8:54 am
Paul,

Finally someone who agrees with me! THANK YOU.

Sorry to contradict the rest of you, but capitalism is NOT the problem. You know what? The problem is GREED. Capitalism is not a living thing, it doesn't think, it's not the Devil. PEOPLE are greedy, and they can be greedy independently of the financial system of their countries.

In Latin America we're supposed to have "socialist" governments. And do you know what we really have? GREEDY politicians who use money to buy votes, not to take people out of poverty. The few countries of Latin America who have good numbers in economy, are those that have, precisely, a rather capitalist system, or at least something in the middle. Because our so-called "socialist" governments make people equal... equally poor! Our "socialist" politicians waste our money in bureaucracy; for every dollar that gets to the poor, they keep a hundred. They don't care about improving our educational systems, because it's better for them to keep people ignorant, so they can believe their many lies, and vote them over and over.

Have any of you noticed how many "socialist" presidents of Latin American countries are trying to (or would like to) change the laws or the Constitution of their respective countries so they can be re-elected forever? Have any of you noticed, as well, how many of them attack the press for being critical toward their failures?

Let's be realistic. Socialism is not a solution per se (the same goes for capitalism). What we must do, I think, is to condemn greed, and selfishness. Let's start with a good punishment for Maddoff: send him to a 3rd-world-country, and force him to live with less than 2 dollars a day :-D

I liked Michael Moore's documentary, by the way.
 

. (0)
Saturday September 26, 2009, 12:50 pm
Any movie Michael Moore makes is worthwhile. I think he is great!
 

Ruby S (44)
Saturday September 26, 2009, 12:51 pm
Does anyone know the dictionary term: Capitalism, socialism....????
 

Christoph Wuth (72)
Saturday September 26, 2009, 1:07 pm
For Ruby: cap-i-tal-ism (kapt 'l iz|m) n. 1 the economic system in which all or most of the means of production and distribution, as land, factories, railroads, etc., are privately owned and operated for profit, originally under fully competitive conditions: it has been generally characterized by a tendency toward concentration of wealth, and, in its later phase, by the growth of great corporations, increased governmental control, etc. 2 the principles, methods, interests, power, influence, etc. of capitalists, especially of those with large holdings
so-cial-ism (sol iz|m) n. 1 any of various theories or systems of the ownership and operation of the means of production and distribution by society or the community rather than by private individuals, with all members of society or the community sharing in the work and the products 2 [often S-] a) a political movement for establishing such a system b) the doctrines, methods, etc. of the Socialist parties 3 the stage of society, in Marxist doctrine, coming between the capitalist stage and the communist stage, in which private ownership of the means of production and distribution has been eliminated: see COMMUNISM (sense 2)
com-mu-nism (kamyoo niz|m, -y-) n. [[Fr communisme < commun (< OFr comun ) + isme : see COMMON & -ISM]] 1 any economic theory or system based on the ownership of all property by the community as a whole 2 [often C-] a) a hypothetical stage of socialism, as formulated by Marx, Engels, Lenin, and others, to be characterized by a classless and stateless society and the equal distribution of economic goods, and to be achieved by revolutionary and dictatorial, rather than gradualistic, means b) the form of government in the U.S.S.R., China, and other socialist states, professing to be working toward this stage by means of state planning and control of the economy, a one-party political structure, and an emphasis on the requirements of the state rather than on individual liberties: cf. SOCIALISM 3 [often C-] a) a political movement for establishing a communist system b) the doctrines, methods, etc. of the Communist parties 4 loosely, communalism 5 loosely, any political ideas or activity thought of as being leftist or subversive




 

Judy Cross (83)
Saturday September 26, 2009, 1:36 pm
I hope you all realize the Michael Moore's business manager is Rahm Emanuel's other brother.

Moore misdirected 9/11 outrage to the Saudis...when the inside/outside element was certainly Israel
 

Mary Grace D (40)
Saturday September 26, 2009, 6:06 pm

Capitalism could be a good thing if the people at the top were decent people who cared about others and not just about themselves.

Greed is an integral part of what's wrong, plain old inherent selfishness.

What we need is to grow better people, and we need to start with ourselves, and then through us to our children.

Then we'd have a perfect world, wouldn't we? Well, even though I don't believe we'll ever see that, we can still try. I believe good comes from "hitching your wagon to a star".
 

Robert K (437)
Saturday September 26, 2009, 6:45 pm
Capitalism is not compatabile with anything. It euphemistically prosecutes free trade. But it is not free and without a heart and few regulations it is ravishing everything decent, moral or alive on the planet. Thank God for MM.
 

Paul Puckett (46)
Saturday September 26, 2009, 8:41 pm
Under what non-capitalist system is trade free? Assuming there is one, free to whom? And under that system, who decides? What system is more free than capitalism?
 

Donn M (56)
Sunday September 27, 2009, 12:25 am
Gissel, you are so right. Greed is the problem. No human-run system will ever succeed in making life equitable for all it's citizens, not without trampling on the kinds of freedom we've come to cherish in the US, or worse, murdering or "re-educating' those who refuse to conform or are deemed dangerous to the state, like doctors, lawyers, teachers. But, we're stuck with human-run systems, and capitalism is the most vibrant and fulfilling of any of them. Communism and socialism offer the premise of cradle to grave care by the govt., but they sentence one to a lifetime of mediocrity and control in return.
 

Gissel Escudero (11)
Sunday September 27, 2009, 9:11 am
Thank you, Donni. I agree with some regulations, though, to prevent abuse. In 2002 we had a financial crisis here in Uruguay, very similar to your actual crisis. Banks closed, people ran away with the money (very much like Maddoff), affected people lost their homes, many other killed themselves because suddenly they had debts they couldn't pay. The problem was, someone should have been controlling the banks, and no one wasn't. That's paradise for greedy people. But the government shouldn't do more than that: keep things under a reasonable control. Food prices, for example, exploitation, industry damage to the environment, consumerism. But no more than that. In my own country many basic services are monopolized by the State, which makes them VERY expensive and inneficient. Poor people have been led to believe that the government will take care of them, so they don't try to do anything by themselves anymore. Poor families have as much as 6-8 kids. Those kids rarely finish high-school (in my country, only 38% of the teenagers finish high-school; and that's the average, so the percentage is much lower in poor families); many of them end up as thieves, drug-addicts, or they recycle garbage for a living. Middle-class families are more and more burdened by taxes, because 1/3 of the population is poor, and the State has to feed them (instead of putting them to work). Some people are so tired of being tax-paying machines (we pay as much as the Swedes, but get very little in return), that we have high migration rates. Imagine, with a population of 3,5 million people, 500,000 uruguayans are living in another country (12,5%).

My point is (I HAVE a point :D) that I'm tired of listening people rant against capitalism, and speaking of socialism as some kind of magic solution. It's a falacy. Even the Spanish socialism (which is considered quite successful) is based on private businesses. It hurts me, though, when they throw away food to keep prices high; c'mon, 1/6 of the human population is starving, it should be a crime to throw away food.

So, I always try to figure what is wrong with us, and I always end up tracing our problems to greed and selfishness. Sounds simplistic, I know. But it makes sense.
 

Jeffrey W (28)
Sunday September 27, 2009, 9:15 am
Michael Moore's movie proves there's a sucker born every minute.
 

Mary Donnelly (47)
Sunday September 27, 2009, 5:13 pm
I have not seen "Capitalism A Love Story"; however I can state that capitalism does not die; it reinvents itself.

There are times and places where it is outlawed, e.g. in the Soviet Union, when sanctions are applied such as with illicit drugs trade, during wartime etc., but "black markets" develop and thrive in those circumstances.

Capitalism has its own corrective system: if you make a profit you take it, if you make a loss you take that. On this occasion (GFC) the initial profit makers tried to avoid the resultant losses in the hope that the correction procedure would bypass them. It did not.

Anyone can make money by giving the customer what it wants, at a price it can afford. Lending customers money long term at interest rates they cannot afford breaks that rule, and thus is doomed to fail.

Financiers which made such loans should be the last to complain about a few basic laws applying to lending procedures; they should be lobbying for basic sensible rules applying to capital adequacy. If such rules were in place, and complied with, it would not matter who did or supervised what.

The problem at the moment is that these basic rules have been put on hold, just when they are most needed, because the majority of the toxic asssets in the international financial system have not gone away, they are lying dormant waiting to damage the system next time it gets into trouble.
 

. (0)
Monday September 28, 2009, 9:31 am
Thannxxx.. are we walking the road to armeggdon again... oh sherbet...
 

Carol W (119)
Tuesday September 29, 2009, 2:49 pm
Moore started out right in Michigan when the car company got away from their obligation to the citizens, and moved from Flint. He is now becoming, 'unhinged' and an unglued 'extremist'.

Our first and greatest President George Washington said, “Paper money has had the effect in your State [Rhode Island] that it ever will have, to ruin commerce–oppress the honest, and open the door to every species of fraud and injustice.”

If George W. Bush, John McCain, or Barack Obama had any honesty and integrity, they would approach the current banking malady in much the same way that President Andrew Jackson did. In discussing the Bank Renewal bill with a delegation of bankers in 1832, Jackson said, “Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.”

What President Andrew Jackson said to the bankers in 1832 is exactly what an American President should say to these criminal international bankers today. But what George Bush, John McCain, and Barack Obama want to do is provide amnesty for the international bankers, just as they want to provide amnesty for illegal aliens. I say, No amnesty for Wall Street, and no amnesty for illegal aliens, either. Instead of sending these banksters on extended vacations to the Bahamas with millions of taxpayer dollars in their pockets, we should be sending them straight to jail!

The only way to fix this economic mess that the international bankers have created is to return America to sound money principles, as prescribed in the U.S. Constitution. This means dismantling the Federal Reserve and the Internal Revenue Service, overturning the 16th Amendment and the personal income tax,
 

Carol W (119)
Tuesday September 29, 2009, 2:53 pm
I wonder what moore would replace capitalism with?

"The inherent vice of capitalism is the unequal sharing of the
blessings. The inherent blessing of socialism is the equal sharing of
misery." --Winston Churchill
 

Gissel Escudero (11)
Tuesday September 29, 2009, 3:34 pm
Carol,

I strongly think that economic crimes should be punished much harder, because such awfully greedy people ruin as many lives, or more, than serial killers, and most of the time they get away with it. But I wouldn't send them to jail for 30 years, though; I'd put them to work 30 years for the people they ruined! Or maybe send them to work in Africa, where children die of starvation.

I agree with Churchill's quote. In my country we have, indeed, an "equal sharing of misery". Here's a "pearl" from the most popular candidate for President: "We must vulgarize education a bit so poor children don't feel discriminated." I'm not joking. He really said that. So, if this candidate wins, we won't only be sharing misery; we'll also be sharing ignorance and bad manners. Oh, wel...
 

Frank M (44)
Thursday October 1, 2009, 10:33 am
To work capatalism or corporations must feel pain and somehow be brought to justice for wrongfull behavior. Because of the might of corporations and the way they are treated with the same rights as people in the legal system the real people are tortured (tort) by judges protecting capatal above all else. Right wing courts are just as partial as any others and likely outnumber liberal courts 100 to 1. "We The People" are defenseless against the might of corporations because the courts, and politicians tow the line.
 
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