Bombing Capitalism
by Esther Iverem, editor SeeingBlack.com
On a throwback vibe, you could say that “Capitalism: A Love Story” is the bomb.
By exploring the economic system of capitalism as an evil, Moore fires a salvo into the heart of America’s social machine. Along the way, he explodes some serious myths: Myth #1: that the economic system of capitalism is the same as or tied to the political system of democracy. Myth #2: That to be an American is to be a capitalist and that to be anti-capitalist is to be anti-American. Myth #3: That people of color with bad credit, who bought houses that they couldn’t afford, caused the financial meltdown in the United States. Myth #4: That mainly Blacks and Hispanics are losing their homes to foreclosure.
He also drops other bombshells, such as the internal Citigroup memo declaring that the United States is no longer a democracy but is, rather, a plutocracy, where the richest 1 percent of the country is in charge of the rest of us peasants, and where government has been warped in the past 30 years to serve the rich. Then there is the relatively unknown Congresswoman Marcy Kaptur from Ohio—not one of the usual suspects on talking head news shows—calling the bailout of Wall Street a financial coup d’etat and telling Americans who have lost their homes to become squatters in their homes and not leave. There is the laundry list of Washington insiders who received sweet V.I.P. mortgages from Countrywide, which was a leader in dispensing high-interest “sub prime” loans to homeowners. The explosions go on and on.
Read the Full Essay @ SeeingBlack.com
by Esther Iverem, editor SeeingBlack.com
On a throwback vibe, you could say that “Capitalism: A Love Story” is the bomb.
By exploring the economic system of capitalism as an evil, Moore fires a salvo into the heart of America’s social machine. Along the way, he explodes some serious myths: Myth #1: that the economic system of capitalism is the same as or tied to the political system of democracy. Myth #2: That to be an American is to be a capitalist and that to be anti-capitalist is to be anti-American. Myth #3: That people of color with bad credit, who bought houses that they couldn’t afford, caused the financial meltdown in the United States. Myth #4: That mainly Blacks and Hispanics are losing their homes to foreclosure.
He also drops other bombshells, such as the internal Citigroup memo declaring that the United States is no longer a democracy but is, rather, a plutocracy, where the richest 1 percent of the country is in charge of the rest of us peasants, and where government has been warped in the past 30 years to serve the rich. Then there is the relatively unknown Congresswoman Marcy Kaptur from Ohio—not one of the usual suspects on talking head news shows—calling the bailout of Wall Street a financial coup d’etat and telling Americans who have lost their homes to become squatters in their homes and not leave. There is the laundry list of Washington insiders who received sweet V.I.P. mortgages from Countrywide, which was a leader in dispensing high-interest “sub prime” loans to homeowners. The explosions go on and on.
Read the Full Essay @ SeeingBlack.com
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