Today, I saw Michael Moore’s new movie, Capitalism: A Love Story and thought that I, as both a graduate student in Economics who is getting experience in the field during the great financial crisis. As a movie, it was pretty entertaining, as his movies tend to be, full of rhetorical flair, tear-jerking moments of people crying, polemics, and a couple of stunts that looked good for the camera.
It does also make some salient points, particularly about the insanity behind a great deal of modern finance and the greed that must be driving many Chief Executive Officers, and it, predictably but saliently, highlights the people who are left behind by our economic system. Particular attention was paid to people whose homes were foreclosed upon, people who lost their jobs through no misdeed of their own, and the people who gained the most from the hollow economic growth of the Bush Years. He also highlighted the inherent conflicts of interest that arise when corporations contribute to political campaigns and provide preferential treatment to people in power and the despicable lengths to which some will go to make a buck (look up “Dead Peasant” insurance policies if you feel like getting mad).
That being said, I have some issues, most of which are pretty minor, but I take particular umbrage at his erection of a particular man of straw he calls “Capitalism.”
