Capitalism: A Love Story (One of Michael Moore's documentaries )
Posted in the Les Cayes, Haiti Forum
#1 Dec 5, 2012
The documentary Capitalism: A Love Story displayed some of the most outrageous implications of the free market economy on local citizens and communities in the United States. The question of inequity within that system was lengthy addressed along with the irresponsibility of the government vis-à-vis its constituen...ts. The idea of a free market economy entails that government should not obstruct the markets freedom to contract; thus, it will freely promote floating exchange rates with the goal that consumers and producers will reach a level of demand-offer equilibrium on their own. Instead, Mr. Moore showed a certain duality in resources distribution where the pauperization of the mass enriches the elites. This disparity was so evident, that even those who were performing highly skilled duties were not compensated at the level of their performance. The commercial-airlines-captains was a vivid example: the captains were forced to seek for welfare benefits in order to put food on their tables; whereas many bankers and other white-collars were enriching themselves. The inequality was also expressed through governments passivity during the mortgage crisis. As many Americans were losing their properties because of unemployment and lack of health insurance, the government did not take any sustainable action to remedy that situation. Under President Reagans administration, that heartbreaking situation worsened. Ronald Reagan was a product of capitalism; he was the trademark of the system: he favored privatization of government services, challenged and weakened workers unions, and handled the control of the countrys economy to Wall Street.
It is true that capitalism does not promote equality between social classes; however, the Laissez-Faire economy promotes competition and allows those who otherwise would remain impoverished for the rest of their lives, to take initiatives and change their destiny. Mr. Moore did not tell the story of the Cuban community in South Florida, neither the interesting story of many African Americans who became economically strong in the 70s and the 80s (without mentioning the sportsmen). Of course, those sporadic triumphs are too weak in number to represent the 99.0% of the U.S. population, but do demonstrate that the possibility to succeed is not eradicated in the country.
Watch the documentary and comment here.
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