Two documentaries have recently been released about the current economic crisis. The first is Michael Moore’s film, Capitalism A Love Story and the second is Michael Covel’s Broke: The New American Dream. FULL ARTICLE
Source link: http://blog.mises.org/10787/go-for-capitalism-or-go-for-broke/
Go for Capitalism or Go for Broke?
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this michael moore film is going to do so much damage, its not even funny. I shudder when I think of the combination of emotionalism and confused economic reasoning which will sweep over this land in the wake of his propaganda. He made “Sicko” and now we are getting “healthcare reform”. What will we get after the masses are fired up from watching this?
Has anyone else seen “Broke”? Is it worth the $20 for the DVD?
No. See my review on the blog page for the movie here.
I agree, Tina. The problem is that it is so difficult to compete and get our message across because truth (and sound economics) takes longer to explain than emotional soundbytes. Obama made a decision that he was going to give a speech to the school children of the country and then easily made it happen. It takes a great deal of effort to counter that. Maybe thats why statism has always been the status quo and true freedom, such a rarity.
I’m thinking the “Broke” DVD is about the same price as 2 tickets to see “Capitalism”.
I own “Broke” and think it’s worth the price. Give it a look.
Capitalism is the private ownership of Capital, goods and property. It is part of the American Enlightenment that brought the world out of Feudal type subservience.
It was pure propaganda when Moore was scouring the Constitution for the word Capitalism. The term wasn’t invented for another 150 years but Property Rights are well defined.
Most of what Moore criticizes is Socialism. Anytime you obtain favors from the government it is Socialism, regardless of the recipient. Most of the time he even advocates the Separation of Business and State. Very Randian.
He rails against banking, even quoting Thomas Jefferson, but it is Socialism that can’t exist without borrowing money. That’s why the Fed was created. To inebriate voters with favors.
Did he find the word socialism in the constitution?
BTW … Here is how to govern under the Michael Moore plan:
U.K. Faced ‘Bank Runs, Riots’ as RBS and HBOS Neared Collapse
A year ago today, Royal Bank of Scotland Group Plc and HBOS Plc were close to collapse, causing a chain reaction that could have ended with riots in U.K. cities, security analysts and economists said … Bank failures would have forced the government to cancel police leave and deploy troops …
So under plan (a) the govt gets to declare martial law and deploy the army on the streets, suspend habeus corpus, clamp down on telecommunications and internet. Under plan (b) the govt gets to seize control of the banking sector and socialize everyone’s savings, investments and mortgages.
That’s what I call a win-win! (for the govt)
You see why central banks are considered to play an absolutely essential role in civilization? (by the govt) Without them, it’s a lot harder to find reasons to rob and plunder the populace.
For those who don’t want to drop $20, you can rent ‘Broke’ from iTunes for $4.
For Henry,
“The unpaid debt will lead to bankruptcy of banks, which will have to be nationalized, and the State will have to take the road which will eventually lead to communism.”
— Karl Marx, 1867, Das Kapital
Moore tried to get into GM to “share some of his ideas” yet he had none. He is nothing more than an agitator.
As far as the word Socialism being in the Constitution, he pointed to the words “general welfare” which was put in there by Madison. (i think) And Madison made it clear that if you took that in the literal sense it would lead to a perversion of the Constitution. I believe the exact word he used was “metamorphosis.”
‘Broke’ will also be playing on documentary channel premiering October 12 at 9pm.
http://www.documentarychannel.com/main/index_new.php
Talionis, you’re right. People are always confusing corporatism with capitalism. Most people would agree with us if it was properly explained…if they took the time to read Mises! I once had a debate with a guy who said, “I dont agree with your philosophy for two reasons. The first is the racism thing and the second is the anti-education thing.”
The “promote the general welfare” clause is one of the most important and misunderstood parts of the Constitution. It is the concept that the government doesn’t treat anyone different based on gentry or economic class.
By contrast, a Socialist Congressman from Vermont that Moore interviewed claims that “the government is supposed to work for the poor and working class, not the rich.”
Basically, the clause means “equality” not “equalization.” And before the term “Capitalist,” they were referred to as “the owners of Capital” because that’s all it means. It wasn’t until 1900 that Capitalism became known as an actual economic ideology by some German anti-Semite economist.
Last night I flipped to Sean Hannity debating Michael Moore. What I found amusing (and hardly ironic) is that up until he got to socialized medicine, Moore came across as far more reasonable and authentic than Hannity. It was almost painful to watch Hannity blame the financial crisis on evictees instead of the banksters. Oddly, neither of them mentioned the Fed…
From what I know of the film, Moore actually gets much of the disease right. Of course he’s dead wrong on the cure. Hannity is right on neither.
It is interesting that Michael Moore is becoming a paradox of himself.
It may be this living conflict that makes him so principally, so emotionally and in all likelihood physically weak. He lives in an irony within himeself. As a psychiatrist, his films may be the result of his unconscious conflict of sacrificing (either knowingly or unknowingly) integrity for the sake of fame. As a result, he projects this internal anger into “energy” to make a film against the very principle that has made him a very wealthy man. In the end, he is more worried about the film being a “hit” than being accurate. But recognize, it is through this film that we see the soul of the man beneath. In that, this film can be very instructive. As if this is the case with Mr. Moore, could it be the case psychologically with many who feel the same way??? I’m interested in your thoughts.
Why anyone gives him the celebrity is beyond me. His films are pure propaganda. The reality (and irony) is that the free market of demand is working very well for Michael Moore. “Capitalism has done nothing for me…” is an unbelievable testament to his ignorance that it instantly undermines his credibility. Why did he not petition that taxes be used for the making of his film if he is so skeptic of capitalism?? Why doesn’t he get the government to adopt regulations that would compel us to watch the film?? Why does he rely on the individual if principally he doesn’t believe in him??
The fact that Moore’s film – a film against the force that will make his film a likely success – really shows you the power of a free market (and the individual) if we allow it to thrive. We allow the individual person – acting as a consumer – to decide who succeeds and fails. Even an ill-concieved and unsupported film can succeed in a free market model. It is up to you, to me, to us to make it a success (or a failure). Let us not equate capitalism with corporatism. To do so exposes your ignorance only.
I don’t say this in criticism of Michael Moore because I disagree with his conclusions per se, I say that because his conclusions can be soundly invalidated with only a modicum of a forebrain. The rest is dogma. Let’s just not pretend this film explains capitalism. I am only holding him to the same standard he held President Bush to in demanding we know the FULL TRUTH about the invasion of Iraq in previous films.
Can’t have it both ways, Mr Moore. At least not without sacrificing your credibility. Psychologically, we get it Michael, you can’t blame yorself.
Just don’t blame us Austrians. Even WE believe in your ability to succeed in the free market. Your success already is a testament of your strength. Just come to terms with the demos within.
You – and your fans – will be happier and truly more informed.
And in the end, that is a very good thing for Truth in America.
So lovely,
Peter
LONG LIVE LUDWIG VON MISES!!!!!!!!!
How can we give credence to Michael Moore’s “Capitalism,†when Capitalism is a Marxist term describing European mercantilism, a system of a few elites managing many “maggots?†It has nothing to do with individual freedom and its resulting free market and prosperity; such was known in America. How can the two systems be equated one to the other? It’s like the differences between 19th century and 20th century Democrats, as cited in THE CHANGING FACE OF DEMOCRATS (Amazon.com) and http://www.claysamerica.com. The first Democrats followed Jefferson to Cleveland and the modern Democrats follow Rousseau, Marx and Obama.
Very nice distinction between capitalism and corporatism. I find myself having to distinguish these two socio-economic systems for some of my professors. Needless to say, they don’t heed the advice.
We are all to blame? I am most certainly NOT to blame for this mess!
The choice isn’t between capitalism and socialism but rather between laissez-faire and state-capitalism.
William, we are all in some way to blame even if we have the right ideas…through our complacency. There is no reason right now that our philosophy should be left out of universities, the media etc. We allow Keynesian economics to rule the day because its easier to do nothing. Joseph Stalin, Hitler, Saul Ailinsky and other proponents of socialism have made an art form of furthering their cause. Rock the Vote, Moveon.org and others spend millions to perpetuate the culture of government handouts.
Tina Brewer wrote:
“I’m speculating here, but in my view, one of the reasons people cannot distinguish between corporatism and free-market economics is that free market advocates tend not to make a lot of noise about corporatist abuses. They make a LOT of noise about the prospect of leftish-style socialism, though.”
Part of the problem here is that a lot of the big names in so-called free market advocacy (the Sean Hannity and Glenn Beck types) are in reality anything but. These guys wouldn’t know a free market if it bit them on the arse, but they consider themselves free marketeers, and most people accept that. I heard Hannity promoting a Congress-critter a while ago, whose great plan for getting the housing market back on track was to put a 4% interest rate ceiling on mortgages! So according to a “free market advocate”, price control is the answer? Easy money for homes is the answer to a problem that was caused by too much easy money for homes? Ridiculous!
“Before someone comes along and proposes fully or further socializing medicine, the airwaves are silent in terms of free-marketeers passionately calling for market based reforms on behalf of the little guy.”
This is true, also. And part of this is also because too many “free market advocates” are in reality anything but. But another part of the problem, I think, is that there are too many fronts to fight on at the same time. When the ship is leaking, there is no time to do anything other than bailing water. Now imagine a ship designed such that once a hole gets shot in its hull, you can’t fix it! That’s what we seem to have with Social Security, Medicare, etc., today. They “can’t” be fixed, because doing so would involve dismantling the programs, which would be political suicide. Too many people are dependent on these programs, and/or would rightfully feel cheated if they got nothing back after years of paying into those systems.
“Also confounding this definition is the fact that a contingent of libertarians/free-marketeers are also Randians.”
Most people are for capitalism, but… It’s the buts that are the killers, because there are so many of them (education, the poor, the uninsured, children, the elderly, the environment, blah blah blah). Most people don’t even know how to begin picturing a really small (much less non-existent) state. Even a limited government type like myself who favors things like drug legalization or privatized education is too much for most people. Forget about most people taking an anarcho-libertarian or Randian seriously; not only would they not be taken seriously, they aren’t even on most peoples’ radar.
“Moore came across as far more reasonable and authentic than Hannity. It was almost painful to watch Hannity blame the financial crisis on evictees instead of the banksters.”
It’s a paradox isn’t it. Moore says he’s anti-capitalist and anti-business but in reality he’s a capitalist and an entrepreneur. Hannity the “pro capitalist” has AFAICT never been anything but a hireling, unless you count his authorship as some kind of business venture: “Hannity has stated that he is too busy to read many books, and dictated a lot of his own two books into a tape recorder while driving in to do his radio show.” Errr, I guess not.
Pia Varma,
“We allow Keynesian economics to rule the day because its easier to do nothing.”
So what should we do Pia ? Tell us, don’t be shy !
Hi-Liter- savvy, cutting edge marketing.
Political philosophies are products too. When Burger King and MacDonalds compete for customers they do not criticize the customers of the other chain or complain that they don’t have as much market share. They just explain why their burgers are yummier!
Ms. V,
I think you’re being generous when you likened that opening sequence of armed robberies to the government ripping off the taxpayers.
I think Moore was comparing it to Capitalism. He said as much in the ‘condo vulture’ portion. “this is straight up Capitalism.” then he made the sound of a gun cocking and firing.
That’s some savvy marketing imagery. Of course the opposite is true. If you don’t pay your taxes, guess who is going to show up at your door with guns drawn.
The condo vulture story was ridiculous. There are derelict properties that are being bought, repaired and resold. Would Moore be happier if they just stayed empty?
He goes on to complain about the houses in Flint, MI that are still empty and rundown. And of course Capitalism is to blame for that too.
You are correct, Talionis, in your earlier assessment that Moore is just an agitator. I can tell you are super cool.
Here’s a quick video that Mike Covel has used to demonstrate how Capitalism is confused with Corporatism/Socialism. It might even be part of an old film strip Moore used in his movie.
http://www.popmodal.com/video/3626/State-Capitalism
“…we are all in some way to blame even if we have the right ideas — .through our complacency. There is no reason right now that our philosophy should be left out of universities, the media etc. We allow Keynesian economics to rule the day because it’s easier to do nothing.” – Pia Varma
It is challenging enough to raise one generation of children in a home where there are only two primary teachers who may disagree at times and it can be very daunting. But the problem becomes exponentially more difficult in a multigenerational society where a great mass of supposed responsible adults have become deeply emotionally invested in myths and lies which they perpetuate to fulfill the needs of their unhealthy psyches.
There are plenty of reasons why Michael Moore’s movies are more popular in this society than movies such as “Broke†and why ideologies of reason are being ignored or sneered at in most universities. Many people, just like water, will take path of least resistance. Convenient half truths and irrational fantasies that pacify are much easier to teach and accept than reality is, and it only becomes easier for these as these falsies to be passed on as their number grow. There are now multiple generations that are invested in this practice and they grow so does their boldness.
While I agree that we must all quit enabling this process as best we can and do what we can do to correct it, at some point, the problem may become insurmountable. There could come a point where no fact or pointing at reality will change their minds, and it could become dangerously irrational to even try. There is a point where all that you can rationally do is accept the reality, to paraphrase an old west cowboy saying – that a horse will either drink the water on its own or it will parish. And, as long as you have done everything that you reasonably could do to prevent it, then, while you have every right to feel grief, you have no valid reason to feel guilt or shame.
(rant mode on)
The post on LewRockwell by Karen DeCoster about a mini-riot in Detroit over “free” money they were giving out just about sums it all up. A woman in the crowd was asked where the money came from: “Obama.” She was then asked where he got the money: “I don’t know. His stash.”
Yes, Virginia, there are people in the US who are that stupid. It is not possible to make them understand anything but their own short-term interests. This is why you will never be able to convince the majority of the benefits of free markets, or the evils of socialism. These people can’t even understand where the government’s dole money comes from! This is also why democracy inevitably slides into socialism; because these people, despite being soooo incredibly stupid, still get to vote.
(rant mode off)
OK, thanks for bearing with my little rant. I feel better now.
I mangled a couple of lines in my prior post so I offer this correction and short addition.
“…we are all in some way to blame even if we have the right ideas — .through our complacency. There is no reason right now that our philosophy should be left out of universities, the media etc. We allow Keynesian economics to rule the day because it’s easier to do nothing.” – Pia Varma
It is challenging enough to raise one generation of children in a home where there are only two primary teachers who may disagree at times and it can be very daunting. But the problem becomes exponentially more difficult in a multigenerational society where a great mass of supposed responsible adults have become deeply emotionally invested in myths and lies which they perpetuate to fulfill the needs of their unhealthy psyches.
There are plenty of reasons why Michael Moore’s movies are more popular in this society than movies such as “Broke†and why ideologies of reason are being ignored or sneered at in most universities. Many people, just like water, will take path of least resistance. Convenient half truths and irrational fantasies that pacify are much easier to teach and accept than reality is, and it only becomes easier for them as these falsies are passed on and there number grows. There are now multiple generations that are invested in this practice and as they grow so does their confidence and boldness. There is only one thing that will solve this in the end and that is reality… but as they are made to face it, it may not be pretty.
While I agree that we must all quit enabling this process as best we can and do what we can do to correct it, at some point, the problem may become insurmountable. There could come a point where no fact or pointing at reality will change their minds, and it could become dangerously irrational to even try. There is a point where all that you can rationally do is accept the reality — to paraphrase an old west cowboy saying – that a horse will either drink the water on its own or it will parish. And, as long as you have done everything that you reasonably could do to prevent it, then, while you have every right to feel grief, you have no valid reason to feel guilt or shame.
Only when human beings stay grounded in reality do they grow. As they become detached they destroy themselves, and as their detachment grows so does their desperate grasp at the life they can’t deal with, until they end up either completely destroying themselves, or worse, destroy the others that they irrationally blame for their misery.
I believe you (Pia) mentioned Moore’s emotional appeal. All of Leftism runs on emotional appeal.
The fundamental difference between Capitalism and Socialism comes down to ownership. Private or Social.
We are told that we (the taxpayers) own General Motors. That makes people feel good. But do they really think they’re going to get a dividend check at the end of the year? Or are a select handfull of people going to benefit?
So when things are owned ‘socially,’ who really owns them?
The U.A.W. now owns 55% of GM. Are the union workers going to get dividend checks? They can’t intellectually believe that but they can emotionally. As long as Lee Iacocca isn’t getting any of it.
A chief complaint of Marx is the separation (in terms of ownership) of the worker from his means of production. However, making those means socially owned still keeps the worker separated by definition. He still can’t own anything except the lie.
By Moore’s logic, if a Social program is abused and/or people profit from it, then Socials programs are wrong. But we know that never happens.
And since Moore loves trade unionism, here’s a quote from Teacher’s Union founder and raging Socialist intellectual, Albert Shanker:
“When school children start paying union dues, that ‘s when I’ll start representing the interests of school children.”
And they call themselves Progressive. Methinks the protest too much.
Pia,
The Libertarian Party is still waiting for a rock star. (hint, hint)
Amit, there are better rock stars than me…http://www.youtube.com/watch?v=QiKh9Ko3mw4
Although I can sing a mean ‘Lose your love’ by Outfield at the karaoke bar!
Incredible video. I just wish it had more hits.
But I hear you do an amazing “man’s world” by James Brown. That should be your theme song.
Ayn Rand’s book, The Romantic Manifesto, says that art is a reflection of the artists view of man. So what does Michael Moore’s movie tell us about his view of man compared to Covel’s? Indeed.
Also, a point about Moore’s movie . . . he states that since we love Democracy so much, why doesn’t that extend to the work place? Hasn’t every child tried to use the Democracy argument at home? Never works, does it?
Naomi Klein blames Milton Friedman for propagating “Disaster Capitalism”. Have you read that? Between the “Chicago School” economists (of whom Friedman is the most famous, but rather different in many respects from the “Chicago Tradition” of Veblen, the Institutionalists, the Technocrats, Frank H. Knight, George Stigler, et. al.) and the Straussian “Neo-cons” (basically Nazis in their political and legal philosophy), “capitalism” has been thoroughly discredited.
Friedman should have said, “Capitalism OR Freedom.” All my information is that Friedman was actually an advocate of Gangster Capitalism, and it is within that category that “Disaster Capitalism” should be understood. It is one big “protection racket” in which taking over the state and all its powers and institutions is “Job One.”
Obama actually has Chicago School advisors, and all seem to be confirmed Zionists, as well.
In this light, Michael Moore comes out looking very good, and very much ahead of the game that other “leftists” are playing.
As a former Chairman of the UCLA Ayn Rand Society, I understand your arguments and references, but to still be defending “capitalism” as some sort of libertarian (anarchist), pacifist “ideal” borders on the insane. Rand had her own peculiar battles going on with imperialism, and the Zionists who had already become, in her lifetime, the leading exponents of imperialistic war and genocide. I believe that both Rand and von Mises (and to a lesser extent, Hayek, because he was a soldier and not afraid of gangsters and other corporate thugs) used the word “capitalism” because they had to. They could not have been published or otherwise succeeded if they opposed “big business” and the corporate elites. They were “sycophants of the bourgeoisie” – a description coined by Marx and often repeated by Mises (more or less in self-defense or justification).
I have come to recognize that “Capitalism” is and always will be considered the opposite of individual freedom, free trade, and free markets. It is wise to always use the Marxist adjectives such as “Finance Capitalism” or “Monopoly Capitalism” when describing the system we have today, which depends on military force and a corrupt “criminal justice system” to enslave and repress all real advocates of peace and freedom.
Capitalism is rule by the owners of capital (a very small minority). They do not understand freedom, the law, or a democratic society of status equals. Capitalism is slavery, not freedom.
Gunnar Myrdal was the co-recipient of the Nobel Prize with Hayek in that year. Both were identified as real humanists whose thinking was shaped by the Enlightenment.
Rand, unfortunately, will be remembered as little more than an agit-prop Trotskyist, even if a very imaginative and creative writer of fiction.
Did this author and I even view the same film?
I get the feeling there is a real want to have Covel’s be something useful and good, but it simply isn’t…and this review is really reaching, to say the least. See my review on the Mises blog page for Broke: The New American Dream here.
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