Capitalism is an evil, and you can't regulate evil. - Michael Moore
Under a capitalist system, financial institutions would not have been intimidated or encouraged into making risky loans and neither would they have been bailed out if they did so... it is capitalism, not socialism, that made us a great country, and it's socialism that will be our undoing. - Investors Business Daily
Through the throngs of socialist ideology and Obama mania a few agents of liberty infiltrated the recent D.C. premiere of Micheal Moore's Capitalism: A Love Story. In typical Michael Moore fashion, the film covers many topics without tapping into the root problems and instead pulls on your heart strings. Firstly, his use of the word capitalism is misguided. Capitalism is free markets without government intervention. Yet in his mind the corportist system that has plagued our country is the definition of capitalism.What he blames on the free-market economy, is not a free-market economy. Our current economy is comprised of a revolving door between politicians and lobbyists who have manipulated the system through government regulations for the benefit of a select few.
Among the issues completely ignored by Moore, the Federal Reserve tops them all. While he adequately covers the bailouts and the inappropriate relationship between Goldman Sachs and the U.S. Treasury, he fails to recognize who supplies Goldman Sachs with credit. When asked directly about why he failed to mention the Federal Reserve in the film, he quickly changed topic by saying "that deserves its own movie."
Moore fails to criticize the Obama Administration for carrying out the same policies as former President Bush. While condemning the Bush Administration and especially Hank Paulson, he conveniently disregards Obama's promotion of and vote for TARP legislation. When he is discussing the revolving door, he talks of Larry Summers and Timothy Geithner yet does not connect them with Obama. Not only that, but he claims all monies "donated" to the Obama campaign by the banking industry (the most of any candidate) were only attempts at bribery. Yet according to him Obama stood strong against these bankers, and his glorious plans have been derailed by some mythical conspiracy. At one point it even feels as if he is creating a cinematic alter to which others can lay offerings to the Obamessaiah.
One surprising aspect coming from Moore's leftism is how much he involved his personal religious beliefs into the film. He shows a few select interviews with Catholic priests, being a Catholic himself, to get what he feels is God’s perspective on capitalism. Not surprisingly all of them condemn what they feel is a system of greed and exploitation. During the Q&A he even suggests that the new system, one he can't explain nor has any idea of where to start, should have at its core a moral and ethics system based on our "judeo-christian foundation." For someone who has criticized conservatives as exploiting their faith for political ends, it is sickening to see him use the same tactics.
Moore does however expose few good points in the movie. For one he gives publicity to the Wilkes-Barre case, in which a private juvenile detention center was bribing two local judges to increase conviction rates. One child was sent there for fighting with his parents, another for creating a fake myspace page to criticize her schools vice principal. He also talks about the modern day Shay's Rebellion that is taking place across the country. He discusses the case in Wayne County, Michigan where local sheriff Warren Evans has taken it upon himself to create a moratorium on foreclosures.
Yet even in these examples, he fails to see the larger picture. Somehow, in the case of the two judges it is capitalism, not corruption that is at fault. In the case of the foreclosures, he manipulates facts to present it as big business’s fault and gives no blame to poor decisions made by individuals. To make clear what capitalism is Murray Rothbard defines it in his book Capitalism vs. Statism...
Free market capitalism is a network of free voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at.
Moore attempts to blame coerced actions on the free-market and ignores that people voluntarily enter into these contracts. Moore’s elitist ideals are best summed up in Thomas J. DiLorenzo’s How Capitalism Saved America, when he states the
...reason why the intellectual class is predominately socialistic: under a regime of economic freedom and laissez-faire capitalism there is no role for intellectuals to advise the state on how to best plan everyone else’s affairs.
Moore ends his film by exposing his Utopian ideals summed up in a never before viewed video of President Roosevelt's final State of the Union address. In it FDR proposes a new "bill of rights" which could easily be mistaken for a final chapter in an Upton Sinclair novel. Yet of course Moore/FDR does not give any inclination as to how these "rights" would be defined, achieved, nor payed for. All in all there are no real solutions offered in this film. If you feel like spending two hours in the theater holding hands and singing koom-bi-ya, wishing your problems away then by all means go ahead. If your time is more valuable and you want to see people actually attempting to affect real change might I suggest you see For Liberty.
Contributing writers: Shaun Bowen and Nick Leavens
* Audio of Q&A will be up on the YAL Youtube page soon.
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Spot on
Could be "Captialism: A Mispelled Criticism."
I can't judge though. I do it all the time.
I fixed it.
When asked directly about why he failed to mention the Federal Reserve in the film, he quickly changed topic by saying "that deserves its own movie."
Why didn't he make that movie first? If he really wanted to cut to the heart of it.
I wanted to go see this movie after Arianna Huffington's glowing review and recommendation that President Obama go see this film (and right after she was on Morning Joe condemning the Fed with Ron Paul no less). However, I just can't bring myself to pay money to see it. Perhaps I'll buy a ticket to a different movie and sneak in.
How you can blatantly ignore and misconstrue facts like he does without mountains of criticism is beyond me. To be honest after Sicko bombed I figured Moore had become irrelevant, but apparently he's back and is out for blood.
I did hear he was exceptionally critical of Chris Dodd. Is this true? Would be good for Schiff. Unless the capitalism = the devil message is believed.
Good review! Can't wait to see the Q&A.
He went on to say something to the extent of it's already been made, I couldn't make that movie - and then instantly changed to how newspapers are being run out of business.
Dodd did get hit hard by Moore in the film, but he was really the only Democratic member that Moore hit, and he was the easiest target to go after. Most other reviews I've seen of this movie so far are less than supportive and I'd be surprised if this one doesn't bomb.
And, it's interesting to note that Moore's agent is Ari Emanuel. Brother of White House Chief of Staff Rham Emanuel.
His critisicism of Chris Dodd was glorious. This is a great victory for Peter Schiff. I understand you not wanting to pay for a viewing of the movie. We didn't have to pay. Thanks.
Michael Moore by his own admission, does not understand markets, and has his $150,000,000 fortune in a savings account. He owns no stocks because "he doesn't understand how they work":
http://www.youtube.com/watch?v=Cul1khVZM44&feature=sub
By his own admission, he is a man with a 'High School Education'; this does not disqualify him from high intelligence, insight and the ability to think, but he is giving this as a reason why he does not understand markets. He is not qualified to make a documentary on this subject, and as this article says, he does not understand what capitalism is.
He has taken this misunderstanding of the definition of capitalism and used it as the starting point to make an entire film. This really is astonishing.
That he has the gall to call for 'our own economic order' when he cannot even define the terms of finance properly, and cannot do the sort of research that a first year university student could do, with his research team and in the age of the internet, is breathtaking conceit.
This film is easily dismissable, and it could not have come out at a worse time for Moore. We are in the middle of a popular awakening and uprising against the Federal Reserve system; that means that the man in the street understands what fiat currency is, which is more than Moore does.
No one who understands what is going on will side with Moore. No one that is against the bailouts and who has woken up to where the money is coming from will be fooled by this 'documentary'. Finally, the sort of socialism that Moore wants to have inflicted on the United States has fomented a revolution.
The only thing this film will do will be to further polarise the population and separate the people who are educated from the people who are not educated. If he had made a truthful, non ideological documentary about the nature of money, he could have done a great service to everyone. What a wasted opportunity.
on your last point with his increase in polarization, one thing we left out of the review is his complete disreguard for showing both sides of the opposition of TARP, sitting there watching this film i was just hoping for a simple ron paul clip or any of the republicans who stood up against the bill, but noooooooo God forbid Michael Moore give any conservatives a single second in his movie.
It's pretty funny that he can so loudly criticize a system which he bluntly admits he has no clue how it works.
I'd never go in to some super-fancy restaurant and presume to go tell the chef how to cook my meal, because I have no idea about cooking fancier than hot dogs and burgers!
The audacity of these kinds of people is downright amazing!
to be honest, i understand very little of this subject. i actually enjoyed some of the points of this movie that show how misdirected power can hurt many people, which seems to be the basis for most his movies. now i honestly did not truly know what capitalism was when i paid for the movie, but im hoping im right to believe that in capitalism its my right to spend my money on such a movie as long as i don't mind paying the ten dollars i earned working for it, lol.i don't cause in fact it brought me to this page looking up more on capitalism when i got home from the movie and now directed me back to ron paul, which my dad has told me about and really believes in, and i see why. so i am glad i came to this sight to see that moore depicted capitalsim incorrectly, cause i'll be honest im very uneducated on whats what in politics and money but i know from seeing and experiencing enough in this country there is plenty wrong. so i put myself out there and probably know a mere fraction of what everyone else posting on here does, but its good to be vulnerable so you can learn and see the whole picture from different angles, and find new angles you never knew existed. so thank you everyone for your postings and this website, keep up the good work.
Some valuable points here, but you must edit your work before posting it online. The spelling alone will attract liberal mockery. This happens too often with conservative writing online!
Thank you for the comments!!
i love how people complain about the things Moore leaves out of his works, never touching the on stuff he DOES bring to light.
And if you people actually believe their is any difference between "liberals" and "conservatives" I implore you to google the term "Liberal" and READ the definition.
If you are a conservative YOU ARE LIBERAL.
Actually, who am I fooling, you won't, so here it is for you:
"Broadly speaking, liberalism emphasizes individual rights and equality of opportunity. Different forms of liberalism may propose very different policies, but they are generally united by their support for a number of principles, including extensive freedom of thought and speech, limitations on the power of governments, the rule of law, the free exchange of ideas, a market or mixed economy, and a transparent system of government. All liberals — as well as some adherents of other political ideologies — support some variant of the form of government known as liberal democracy, with open and fair elections, where all citizens have equal rights by law."
i'm sure this won't get approved for posting, but I really don't care.
"In the case of the foreclosures, he manipulates facts to present it as big business’s fault and gives no blame to poor decisions made by individuals."
Manipulates facts? The people who took out mortgages, then had their rates jacked up did indeed make bad decisions.
But, sadly, these people had no control over the BANKS packaging risks loans and selling them to other banks as secure investments.
See, that's how I know you are a shill, you complain about Moore not addressing the roots, while you fabricate or ignore them yourself.
That said, I agree with you that Moore is whitewashing in favor of Obama, there's no way to deny that. But maybe you should criticize them instead of someone at least TRYING to inform people.
I suppose it's also Moore's fault that the federal reserve is unconstitutional and creates money out of thin air which it lends to the US government plus interest.
I'm sure it's Moore's fault that these poor innocent banks create money out of thin air when they "loan" it to these horrible evil people that wanted to live in a house.
do you understand how your financial system works at all? you've criticized Moore, I think it's time to take a look in the mirror.
He is obviously whitewashing some parts, but at least he understands them enough to leave them out. Just like Fahrenheit 911 if he included all of the information, the movie would never see the light of day.
anyways, interesting article, was a good read and it is nice to see people with differing views being civil.
In no way did we blame Moore for the Fed, that criticism is completely unfounded, what we point to is his complete rejection of including the Fed at all which is the roots of our current financial problems.
As for the ARM foreclosures, statistacly these loans though a contributing factor are not the biggest culprit of foreclosures, it is losing their jobs and failing to make payments that does more damage. So it is commerical loans to over extended companies, for example Circuit City, that they cannot payback and fail there by causing layoffs.Who because of the Fed, large banks saw an endless credit supply to loan out to these companies without doing comprehensive risk speculation.
Also its not like the people who took out an adjustable rate mortgage knew that was a chance their rates would go up. That is the part most people ignore, these loans were not forced onto the people, these people came in and asked for them. If these people did not read/understand their loan contracts and the risks involved then they should not have gotten them. The low interest rates in the beginning was the fault of the Fed articfically keeping them low. So while most of the blame is put on market manipulation done by the Fed, that does not excuse poor choices made by consumers. Now if they were lied too and told that their rates would not go up, then that was fraud and needs to be investigated. But as its commonly known ignorance of the law/contract clauses, does not exclude repercussions. Its part of the "living and learning through others mistakes" part of life.
Also to your claim on liberalism, you are correct, we are classically liberal. But as adjectives go, meanings change all the time. For example gay used to discribe being happy and carefree, conservative politics used to mean advocating less government. So if we even used the term liberal (sorry i don't have the article in front of me while i'm writing this), it is in the sense of modern liberalism, or statism as we refer to it in the office.
I haven't seen the movie, there's lots to comment on in your post, but I'm picking ONE thing: foreclosures.
I'll be sarcastic: "YEAH! POOR PEOPLE REALLY HELD THE PREDATORY LENDERS' ARMS BEHIND THEIR BACKS, WHEN THEY MADE THEM LEND THEM MONEY AT ASTRONIMICAL RATES AT OBSCENE PROFITS FOR THED LENDERS!!!"
As Bush said: "RECKLESS HOMEOWNERS!!!"
Yeah, those GODDAMN Reckless Homeowners!!!
Was that sarcastic enough?
...astronomical...ahem...
Capitalism does not mean "free markets without government intervention". That is a TYPE of capitalism, but is not the definition.
Of course, I am not surprised that right wing liars would simply redefine a word in order to make their point, but seriously this article is full of crap. For example the quote at the beginning - Capitalism made America? Bullshit. Not the type of capitalism these idiots are talking about, that's for sure, because the US never HAD that kind of capitalism. Not once.
Nothing makes me laugh harder than "Free Market Capitalists" shitting themselves over the ultimate example of it - the Federal Reserve.
The Fed is a PRIVATELY OWNED bank that essentially controls the capital of the US. Capitalism is DEFINED as the private ownership of capital and the means of production. The Fed IS "free market capitalism" personified.
These idiots should LOVE the Fed... after all, do they want monetary policy put back in the hands of the government? Not if they believe the bullshit they spout, that's for sure!
Karmakaze, it sounds like you need to study just a little bit more.
The Federal Reserve is not simply a "Privately Owned Bank." Indirectly it may control U.S. capital but it has no real resources just legal tender laws backing it's counterfeit machine. The Federal Reserve is a hybrid operation, part private (although none of the member banks are allowed to sell their stock in the cartel so it's not private in that sense) part government (some of it's officials are appointed by the President).
The Federal Reserve is not part of capitalism, if anything it's part of the formula for a brand of socialism. Karl Marx in his 5th plank of the Communist Manifesto calls for centralization of credit through a national bank. Marx has many good analysis, I love reading Marx, but if you criticize the Federal Reserve then you criticize Marx and his prescriptions- not capitalism.
The constitution calls for only congress to have the ability to coin and appropriate money. No, we don't want congress to operate as the Federal Reserve does but we'd like to see them keep commerce regular and champion sound money. We do not want them granting a monopoly over our national currency to an institution that appears independent when in reality it is not.
Excellent assessment, but (no offense) you guys really need a copy editor!
And who was it that pushed for the fed again? Must have been Michael Moore, not those greedy capitalists.
I'm enjoying some of the comments here, especially when there's some discussion between people with different opinions, (i.e. 'left-right,' 'liberal-conservative,' etc.).
There's a tremendous polarity in our society, between 'right' and' left,' which often includes those people who consider themselves on neither side, or as just one of 'the people.'
We need to have a constructive conversation; and this has to start with criticism that acknowledges where our opponents are contributing something worthy.
The above article makes valid criticisms of Moore's avoidance of the central role of the Federal Reserve, and his soft treatment of Obama: these two points are inherited from the traditional 'left' platform, reflecting the weakness of the same.
Where the 'left' has traditionally been strong, (in its grassroots, muckraking form, not the one linked to the Democratic Party) was in its willingness to criticise Corporate Capitalism and the dominance of the economic Elite. So Moore is staying within the proscribed boundaries: making a fuss about outrages obvious, but basically playing it safe; this is a big reason why 'the left' today has lost much of its relevance. People like Moore, Goodman, Albert, etc. are doing little to acknowledge the important criticisms coming today from the conservative arena.
However, conservatives should take care not to assume that they (we) have all the answers worked out, that a 'revolution' is rising on the basis of the conservative vision: the critique of the federal reserve and the re-storation of "free" markets.
Moore can be criticised for a sometimes sloppy, careless presentation of the facts, (that's part of his persona, actually); but from what I can see, 95% of the conservative community also have a very distorted view of capitalism, socialism, and the "root cause of the problem."
The author of this article, for example, states: "Capitalism is free markets without government intervention. "
Yeah, in your dreams... One would like to see it this way.
Here we have an utterly a-historical assumption, a projection of pious desire imposed upon reality with little attempt to check the facts.
Fact: "Capitalism" was a system dominated by an Elite from its inception. It was born out of the brutal class rule of lords over the serfs, (Feudalism) and only came into being with the violent destruction of the common-land-ownership, the break-up of the ancient "clan" communities, to drive the (now) landless people into the towns to work in the newly expanding factories. In England, Scotland, they called this the great "Land Enclosures."
As with so many "conservative" commentators, the above author is confusing "free markets" (which have existed in various forms since time immorial and pre-date any form of "state" control) with "capitalism" (which constitutes an historical phase in the evolution of ELITE society). In their struggle to free themselves from the constraints of the monarchy, the early capitalist Elite had to appeal to common desires for "freedom," expressed in articles such as the "Magna Carta" as the claim for "free trade."
But this same Elite was always prepared to crush anyone who infringed on THEIR notion of "free" trade. In order to defeat the kings, the merchants sided with the peasantry, then re-aligned themselves with the landed to gentry to crush the aspirations of the peasants and solidify their supremacy.
It's true that a younger capitalist market was relatively freer than it is today; but this decay is not solely the fault of a growing government bureaucracy. To a much greater degree, it's a logical consequence of the Elite component of capitalist society continually expanding its grip through the principle of ruthless competition, summarized in the saying: "the big fish eats the little fish, until there's only one fish left."
All of this historical information was exhaustively collected by Marx and Engels in the 1850's, which brings us to the second big brain-fart of our modern discourse: "socialism."
Just like there are good, sincere "christians," and also hypocrites masking themselves as Christians, so too are there honest "socialists," and idiots, swindlers and snakes who like to present themselves as "socialists," "social-reformers," "do-gooders," etc.
In reality, in its only meaningful, worthwhile sense of the term, "socialism" is not some blueprint for the future, nor some carved-in-stone edivice resembling the horror of the former Soviet Union: it's simply a critique of capitalism.
Marx himself emphasized that many times.
Criticise the critique if you wish, (it has its flaws); but you must do so from a place of knowledge, not hearsay; for otherwise, you simply sell yourself and our larger community short.
I can't expect you to take my word for it; I can only say, from my experience: understanding the criticism of the 'left' opponent will only make the conservative voice more-authentic, more-revolutionary.
As to "the roots of the problem," can 'left' and 'right' agree today that the problems inherent in a society dominated by ELITES did not start with capitalism? If so, then they will not adequately be corrected with an audit on the Federal Reserve.
While conservatives today are indeed taking the lead today in focusing on the central role that the Fed is playing in our crisis, they should not delude themselves to think that the Fed can be abolished/transformed etc. without a complete social revolution; and this requires our WHOLE people, include those many millions who took to the streets to oppose the invasion of Iraq, (who generally lean to "the left") who today are confused, intimidated, and who will not respond in positive force to the thoughtful criticisms of the conservatives, until they see 'right' and 'left' involved in a much more thoughtful and inclusive discussion.
Let's do it.
Duh Panda, Duh!
Gee Panda,
from the intelligent nature of your previous comments, I thought I might get a more-thoughtful reply than "duh."
Unless I mis-understand your meaning of the term, your response to my quest for a more-constructive dialogue was not very... constructive.
Whoops!
I meant to say,
Gee Daniel,
from the intelligent nature of your previous comments, I thought I might get a more-thoughtful reply than "duh."
Unless I mis-understand your meaning of the term, your response to my quest for a more-constructive dialogue was not very... constructive.
Capitalism is evil because someone registered capitalismisevil.com before Michael Moore could and is now trying to sell this domain name for a lot of money (capital).
What I like most is how Michael Moore is captilalistically making money off all his dimwitted liberal friends from his movie about the "evils" of capitalism.
Interesting to read the post but I was wondering that is there was some other online sources for the captialism becuase it may not be involoved in all those cases I thought. So better option is to stick with some other plans.
Lets Watch Movies then!!
Back in my college years, I learned about this social psychology theory that fits this context perfectly: minority groups hold on to a nucleus of common willingness and strength that will eventually bring the majority down by constant investment of energy in their aims and common objectives. This is what they are trying to do with the 1% preaching about free trade. I have heard about so many people looking for a tax resolution, in hope of easing their burdens and in hope of a better future.