Thursday 24 December 2009

Capitalism: A Love Story

http://www.tubejin.com/movie/Capitalism-A-Love-Story-2009-.aspx - Movie quality is not good but it doesnt matter - its a documentary not a sci-fi film with state-of-the-art visual and sound effects. (",)

Nice movie about capitalism and its effects on American Politics and common people. This has been a blatant attack on Bush administration responsible for economic crisis and that it had be very well planned to evade money for selected few. Cites few examples of people revolting for their rights and getting success. Unless you shout, nobody in this world is going to listen to you.

Rest of the text is my personal notes of the events of the movie. You may not want to read it.
Notes of the movie
Starts with comparison of Rome and America. Slow Decay of Empire and use of entertainment of common people to distract their attention and then rule successfully.

Eviction of people - middle class families - from their houses and their sufferings.

Condo Vultures - real estate company - they take up properties for less and sell for high - thats capitalism. No compassion - only numbers. Tap data of the battle field and then hunt for the best property.

Lucrative explaination of Capitalism few decades earlier to promote the idea. Profit is the main motive. Quick money making possibilities. Luxuries that can be achieved - new car, safe pension, holidays, highways, no debts, etc.



Jimmy Carter - human identity not by what one does but what one owns. worship consumption. this is a warning.

Ronald Reagan from B movies to most famous spokesman to president. - Great move.

Donald Reagan (Donald Thomas Regan (December 21, 1918 – June 10, 2003) was the 66th United States Secretary of the Treasury, from 1981 to 1985, and Chief of Staff from 1985 to 1987 in the Ronald Reagan Administration, where he advocated "Reaganomics" and tax cuts to create jobs and stimulate production.), Meryl Lynch - richest firm in the world.

Corporate america and wall street in complete control. Country run as corporation. Record

Destroy the union. Wages for working remain frozen. Encouragement to live on credit. Health care shot up. Richest become richer. Wall street flourishes. Bankruptcy increases.

GM layoff thousands instead of making profit. 'May be layoff all the people.' says GM.

Michael Moore to see the chairman of GM. Germany and Japan car industry makes better car. MM's dad worked in GM. Workers fired up which were in union.

President says Capitalism is the best. Easy jobs. Advocates free market system.

PA Child Care. Owned by Robert and judge Cunnigham was his friend. Few kids charged in courtroom. Chevrol??? was the judge. No child had any say and all kids sent to child care. Judges and company receive a lot of money. 6500 children convicted and good business. Kids locked up more than their convicted period.

Sully - airline pilot who prevented a crash. He gaves a tremendous speech giving negatives of flying industry. Bad pay and handling of pilots. Financial trouble causing stress to the pilot. Pilots working in coffee shop as second jobs.

Dead employees are profitable to company than alive. Company gets money when employee dies. 'I dont believe this policy.' Walmart and a young woman who dies. Walmart got $81000. Dead peasants insurance policy.

Father Dick Preston says capitalism is evil. Contrary to holy books and humanity. Father Peter Dou.. Bishop Thomas - Jesus said Blessed are the poor but here is opposite.

Competition is good and private ownership. Compatible with teachings of bible. Is it?

Jesus became a capitalist? Go forward and maximize profits?

Citigroup - plutonomy - society controlled by 1% of population. Only power that people have is votes. Why would 99% vote them? People are given hopes that if they work hard, they can come up and win. But no one at the top wants to share the wealth. No mention of capitalism in constitution. But mentions of 'we the people', development.

ISTHMUS company - all worker are owners and democratically run.

FOA - Friends of Angelo - important people in politics and wall street. Senator Dodd.

Bill Blank - bank regulators. uncovered saving and loan scandal. Charles Keating a culprit. White collar crime - 85% of fraud is by CEOs of comapny and not by common people. Casino named stocked market.

George Bush's comments on coming crisis on common people. 'If the speech is original, it is really pathetic by a president.' He is breaking people's moral. Breaking of market and banking system. Stocks falling of all major companies - leahman, merill lynch, aig, boeing. Largest fall in US history and then alls gone in moments with longlasting effects.

CEO and top officials of banks - citi - vikram pandit, goldman sachs - Lloyd Blankfein, Bank of America - Ken Lewis - become richest. Robert Rubin. made $115000000.

Lary Summers - treasury secretary 99 to 01. making lot of money. Advising Hedge Fund.

Geithner - treasury secretary - 09 till date - most of the institutions under him had failed yet got the job by completely screwing up his job as president of federal reserve. False is prefered than truth.

Henry paulson - treasury secretary form goldman sachs. Tresury is an arm of wall street and number of former goldman people in bush's department. Powerful lobbiest and abolish financial regulations. Tremendous advantage to Goldman and emerge as the most powerful.

Paulson's proposal - 700 billion dollars and may not be reviewed by any court law. Just before election. So tremendous pressure. Bad rule if people voted no. Use of fear and uncertainity to extreme - excellent politics.

Bush re-elected. Marcy Kaptur, Ohio - warns of committee's power to shut down democracy. United States Congress or Board of Goldman Sachs. Bail out package was defeated. Congress defeated. Citibank comment 'if peasants exercised rights, wealthy would be defeated.' Democrats becoming delivery man for a proposal for republican president.

Congress eventually won the proposal and gave banks the money 263-171. Carefully planned. Intelligence operation. 'Quite true, decisions at such high level do not happen without expertise. Its simple, they have all the power and situation to do it.'

Eli Warren - for oversight of bailout money - she has no idea - 50 million dollar by citigroup for luxury jet. Great bonus to GS. AIG board meeting in a resort.

MM trying to get money from banks - which was more of a show off. No one would give the money like that. Corporate greed. People revolt.

And there came another voice - Barack Obama - for change. Companies shelling out money to his campaign. Obama says about distributing money. Socialism. Joe the plumber by Palin. Fear. Obama leading the poll and new generation.

Bernard Sanders - independent. Capitalism and socialism equally favoured by people. Obama is a huge craze. Girl crying. Obama winning. Two years and everything changed. Country electrified by his victory.

Detroit saying no more foreclosures. Policies in favour of banks changing. No free market. Neighbourhood closes. Revolutions begin in unexpected places. Inside a van, Miami Florida. Trodi?? family liberates the houses and people start moving. People fighting back and people arguing. Family holding their ground. People support them.

Member of congress - open rebellion - asking people not to leave the house for companies. Outstanding.

Workers in chicago - said not ok to be fired, no medi benefits. Sit down strike in the company. Inspirational. People prepared to be arrested, not going anywhere. Media showed up. Bank robber of america. Bishop of chicago - it is just to revolt against unjustice and announces his support. Now religion is in the picture - complex situation. Obama support comes.

Same things in Michi, Masse, North Carolina. Worker union triumphs. Fight fight fight for your rights - basic things.

1936 - GM factory took up by people for 44 days. First union to beat corporate. Police and thugs charged and bloody battle. National guard sent to protect people inside. Roosevelt.

Roosevelt - second bill of rights to constitution - radical step - Equality, right to remumeration, adequate food, right to raise and sell his product at a rate which can give him and his family a decent living. Businessman - freedom from unfair competition, medical health, education, security for people, move forward to implementation of these laws. Roosevelt died and no laws passed. People crying in his funeral.

People of Europe and Japan got it. Because roosevelt's people were involved in rewriting the constitution. Italy - women equal. Germany - state has rights to take steps good for country. Japan - worker union legal.

People who never got slice of pie have to suffer.

CRIME SCENE DO NOT CROSS - against all financial institutions by MM. Nice move.

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