The film illustrates the evils of capitalism through the following examples:
1) The privatization of children's correctional institutions. A Pennsylvania businessman has teamed up with a judge to extend the detention of children who have committed minor crimes in correctional institutions.
2) Airplane pilots are paid extremely low wages and even need part-time jobs.
3) Large companies earn high insurance money from employees who die prematurely by giving them high insurance.
4) General Motors went bankrupt, the Republic of Chicago door and window manufacturing plant went bankrupt, and a large number of workers lost their jobs.
Of course, the core of the film is the subprime mortgage crisis. For this topic, the author found a farmer who used his property as collateral to borrow from a US bank. Due to the use of floating interest rates, the exorbitant interest rates made farmers unable to repay and were swept out of the house. The banking world took out $700 billion in loans from Congress and then didn't report how it was used. Michael Moore once again participated in its record object, made a performance art, and blocked Wall Street for demonstration. It has to be said that this is very different from bringing people with gunshot wounds and disabled people to K-Mart to protest and taking patients to Cuba for consultation.
The old gentleman called a few priests and they denounced capitalism - the worst system. What is the prescription? democratic socialism.
1) Set up a joint-stock cooperative company, a bakery factory, and an automated factory R&D enterprise.
2) Workers of the Republic Door and Window Manufacturing Factory occupied the enterprise. Eventually the debtor bank agreed to the workers' demands.
3) Residents who do not pay their debts occupied the houses that were returned to the bank.
I have some questions that I can't figure out:
1) Why did you re-mortgage your own house and what did you use the loan for?
2) Without the ingenious financial skills of Wall Street lords, the overconsumption of the past ten years and the huge deficits caused by the war would have already crushed the American economy. The upstarts in information technology represented by Google, Facebook, and Apple are still thriving in the United States, and they also rely on the developed financial market to give them the huge amount of funds they need to develop and expand the market. Why don't people think about their benefits?
3) General Motors went bankrupt because negotiations with unions over unemployment compensation and pensions broke down. In contrast, General Motors is thriving in China. How to reconcile job retention and middle-class income?
I love watching the films made by Mr. Michael Moore because his class position is similar to mine. Hope to see his next work.
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