capitalism the greatest ponzu scheme

Topics: Capitalism, Karl Marx, Working class Pages: 3 (1035 words) Published: February 6, 2014
Does capitalism really work?

The film “Capitalism: A Love Story” directed by Michael Moore looks at how capitalism has changed the lives of Americans for the worse. Capitalism described in the movie is a system of free enterprise, profit motive and competition. The movie looks at how America has changed because of capitalism. Director Michael Moore argues that capitalism is an economic system that sustains the power of the elite, but is maintained by the possibility of achieving the American dream, which is legitimized by appeasing the crucial demands of the Middle Class. Michael Moore uses anecdotal evidence to argue how capitalism will eventually lead to the demise of America. In the film, Moore lays blame to those on Wall Street and Washington who allow corporations to be too big to fail, similar to Ted Nance who says Modern Corporation is a superpower (63 Ted Nance). “Capitalism: A Love Story shows examples of what change can do by highlighting corporations that are employee run, similar to the vision Adam Smith had when he envisioned capitalism (Adam Smith in Terry Slater in “The Rise and Spread of Capitalism” in-course kit 18). Michael Moore looks at the accumulation of wealth among the elite using the example of Condo Vulture, a company that takes over foreclosed homes. This relates to a Polayani article where he states that land is not a real commodity, but rather fictitious produced by man (Karl Polainy 53). Michael Moore uses both real life and humour to portray to the audience that capitalism is an economic system that is failing.

As a society, we are influenced by messages around us at all times. “Capitalism: A Love Story” highlights how capitalism has been promoted to the masses as a promise of free competition allowing those who work the hardest to get to the top. The article written by Terry Slater illustrates the transition from feudalism to capitalism as a promise to offer choice, consumer sovereignty, prosperity and freedom of choice,...
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