Michael Moore's Film Capitalism: A Love Story
Jeremiah Prophet
December 5, 2011
Management 325
Moe Brown
Capitalism: A Love Story
After watching the Michael Moore film, “Capitalism: A Love Story,” my view of capitalism definitely changed from what the class influenced me to believe. There’s no doubt in my mind that capitalism is and has been good for our country in terms of becoming the most powerful and the country that everyone wished to live in. But when it comes to fairness and the common good, I think capitalism has its flaws. Also I believe capitalism opens the door for people to be greedy and get richer while the poor just continue to suffer. The very beginning of capitalism during the Jamestown existence is a perfect example of how capitalism can be good for a colony …show more content…
Michael Moore’s film sheds light on the shortcomings of a capitalist society. Like I said previously there are a lot of good things capitalism brings about, but they make room for people to be greedy. Big corporations have the right to fire people for lack of production and similar reasons as they should because if you want to succeed you have to work hard and the possibility of being fired is incentive to work hard. But greedy CEO’s could fire hard workers just to increase profits. According to the film, During the Reagan administration, major corporations laid off tens of thousands of workers while their profits increased. General Motors, AT&T, and General Electric made major job cuts in the 80’s while enjoying profits and rising stock prices. While the greedy CEO’s buy new cars and airplanes, the blue collar workers who have families to provide for suffer because of the greed of a few people. That’s the side to capitalism that I do not agree with. Another example of the greed capitalism influences is the Juvenile detention scam in Pennsylvania. Children were wrongly convicted just so a privately owned detention center could enjoy the profits of housing these “delinquents.” One can only believe that the entrepreneurs that owned the detention center had one thing in mind when bidding on the government contract..MONEY. In …show more content…
This leads to a inequality, exploitation and misery for “regular people.” The economy isn’t as efficient as it could be because the rich people have less incentive to use their property productively because they already have everything they want. Socialism supports the redistribution of wealth and ensures that the means of production are for the benefit of the society as a whole. I also don’t think that it is right that a commercial airline pilot can be paid less than a Manager at McDonald’s or a Professional Athlete paid more than a Firefighter or Doctor. I think that is the downside to a free market and as long as people are willing to pay hundreds of dollars to go see a football game, professional athletes will continue to make a ridiculous amount of
December 5, 2011
Management 325
Moe Brown
Capitalism: A Love Story
After watching the Michael Moore film, “Capitalism: A Love Story,” my view of capitalism definitely changed from what the class influenced me to believe. There’s no doubt in my mind that capitalism is and has been good for our country in terms of becoming the most powerful and the country that everyone wished to live in. But when it comes to fairness and the common good, I think capitalism has its flaws. Also I believe capitalism opens the door for people to be greedy and get richer while the poor just continue to suffer. The very beginning of capitalism during the Jamestown existence is a perfect example of how capitalism can be good for a colony …show more content…
Michael Moore’s film sheds light on the shortcomings of a capitalist society. Like I said previously there are a lot of good things capitalism brings about, but they make room for people to be greedy. Big corporations have the right to fire people for lack of production and similar reasons as they should because if you want to succeed you have to work hard and the possibility of being fired is incentive to work hard. But greedy CEO’s could fire hard workers just to increase profits. According to the film, During the Reagan administration, major corporations laid off tens of thousands of workers while their profits increased. General Motors, AT&T, and General Electric made major job cuts in the 80’s while enjoying profits and rising stock prices. While the greedy CEO’s buy new cars and airplanes, the blue collar workers who have families to provide for suffer because of the greed of a few people. That’s the side to capitalism that I do not agree with. Another example of the greed capitalism influences is the Juvenile detention scam in Pennsylvania. Children were wrongly convicted just so a privately owned detention center could enjoy the profits of housing these “delinquents.” One can only believe that the entrepreneurs that owned the detention center had one thing in mind when bidding on the government contract..MONEY. In …show more content…
This leads to a inequality, exploitation and misery for “regular people.” The economy isn’t as efficient as it could be because the rich people have less incentive to use their property productively because they already have everything they want. Socialism supports the redistribution of wealth and ensures that the means of production are for the benefit of the society as a whole. I also don’t think that it is right that a commercial airline pilot can be paid less than a Manager at McDonald’s or a Professional Athlete paid more than a Firefighter or Doctor. I think that is the downside to a free market and as long as people are willing to pay hundreds of dollars to go see a football game, professional athletes will continue to make a ridiculous amount of