Capitalism: a Love Story

Topics: Michael Moore, Capitalism, Corporate-owned life insurance Pages: 2 (659 words) Published: February 20, 2013
Capitalism: A Love Story
In class Ms. Crosdale sat us down to watch a documentary by the great Michael Moore “Capitalism: A Love Story.” To be quite honestly at first I wasn’t very interested in it until I started to hear little things like people losing their jobs and companies taking out life insurance on their employees unknowingly. I took it upon myself to go home and catch the rest of it on Netflix. After two hours of seeing the evil of capitalism or, as Michael Moore puts it, "legal greed," I see myself looking at the world and our government in a different light.

I have volunteered plenty of times before in shelters and have heard stories of capitalism taking toll over people’s life and leaving left with absolutely nothing. I also view everyday the mad rush of those who have been captured up in the rat competition for more here in the investment of the capitalist world. One man said in the movie that Wall Street is a "holy place," and also implied that capitalism, each person making as much cash as he can, is God-given. Other comments in the movie regarded to capitalism as "evil." Who is right?

 One interesting point that came to mind while watching the documentary was was it was said following Ronald Reagan years where the policies of Don Regan "turned the bull loose" for free enterprises, corporations gained more political power, unions were weakened, and socioeconomic gaps were widened. Then after it cuts in to speak about coverage of "dead peasant insurance" policies, where companies such as Wal-Mart have insurance against losses caused when workers or suppliers die. The employee is usually unaware of the policy, and the fact that the company stands to benefit if s/he dies. Apparently the practice of taking out life insurance on valuable, high level employees started a number of years ago. This seemed to make some sense, since a company stood to lose money from the untimely deaths of key personnel. But somehow, in recent years, facilitated by...
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