Thursday, February 28, 2019
Capitalism: A Love Story Essay
In class Ms. Crosdale sat us mickle to watch a documentary by the bang-up Michael Moore Capitalism A Love Story. To be quite honestly at first I wasnt very interested in it until I started to hear minuscule things worry sight losing their jobs and companies taking go forth life indemnity on their employees unknowingly. I took it upon myself to go home and catch the rest of it on Netflix. aft(prenominal) two hours of pull ining the evil of capitalism or, as Michael Moore puts it, legal greed, I see myself looking at the world and our government in a different light.I have volunteered plenty of times before in shelters and have heard stories of capitalism taking toll over peoples life and leaving left with absolutely nothing. I in addition view everyday the mad rush of those who have been captured up in the rat competition for more here in the investment of the capitalistic world. One man said in the word picture that Wall highroad is a holy place, and also implied that cap italism, each person making as much cash as he can, is God-given. Other comments in the impression regarded to capitalism as evil. Who is right?One interesting point that came to attend while watching the documentary was was it was said following Ronald Reagan years where the policies of tire come forth Regan turned the bull loose for free enterprises, corporations gained more political power, unions were weakened, and socioeconomic gaps were widened. Then after it cuts in to speak ab come out of the closet coverage of stone-dead peasant insurance policies, where companies such as Wal-Mart have insurance against losings caused when workers or suppliers die. The employee is usually unaware of the policy, and the fact that the company stands to benefit if s/he dies. Apparently the practice of taking out life insurance on valuable, high level employees started a number of years ago.This seemed to pose some sense, since a company stood to lose money from the untimely deaths of pr ofound personnel. But somehow, in recent years, facilitated by deregulation, this practice morphed into taking out policies on low- paid, easily replaced workers, i.e., peasants. Why? Windfall profits. It turns out that companies like confide of America, WalMart, AT&T, Procter & Gamble, Dow Chemical, and others have found a way to make godsend profits off the deaths of employees These dead peasant policies are also know to insiders as E. COLI Employee Company Owned Life Insurance. Funny? More like outrageous Sometimes the company even gets the huge pay out when a former employee dies, because leaving the company doesnt void the policy.The movie shows a parody of what would occur if God was a capitalist who desired to maximize earnings, deregulate the financial market, and desired the sick to pay out of pocket for their pre-existing condition , in comparison with several knowledge commentators who announce the achievements of various capitalist businesses as being a commendation from God. The dictionary defines capitalism as an economic system characterized by personal or corporate ownership of capital goods, by investments that are impelled by private decision, and by prices, production, and the distribution of goods that are determined primarily by competition in a free market. While the give-and-take doesnt mention capitalism by name, it does speak a great deal about economic issues.In my opinion, every thinking U.S. citizen should see this movie and take time out to think about the area that we are living in. Why? Very simply, because it will prick your conscience. On one level, its classic Moore, with indirect and subliminal humor, mockery (especially toward big-chested people), understated exaggeration, and the clever use of peoples own oral communication to incriminate themselves. But in over all, every point Moore makes is painfully true, and in this film more than in his previous ones, you feel the subject matter of a man who has compassion for the demoralized.