RKMBs Forums .::Robegories::. Media Michael Moore is a big fat idiot

"Capitalism is evil," says new Michael Moore film
By Mike Collett-White

VENICE (Reuters) - Capitalism is evil. That is the conclusion U.S. documentary maker Michael Moore comes to in his latest movie "Capitalism: A Love Story," which premieres at the Venice film festival Sunday.

Blending his trademark humor with tragic individual stories, archive footage and publicity stunts, the 55-year-old launches an all out attack on the capitalist system, arguing that it benefits the rich and condemns millions to poverty.

"Capitalism is an evil, and you cannot regulate evil," the two-hour movie concludes.

"You have to eliminate it and replace it with something that is good for all people and that something is democracy."

The bad guys in Moore's mind are big banks and hedge funds which "gambled" investors' money in complex derivatives that few, if any, really understood and which belonged in the casino.

Meanwhile, large companies have been prepared to lay off thousands of staff despite boasting record profits.

The filmmaker also sees an uncomfortably close relationship between banks, politicians and U.S. Treasury officials, meaning that regulation has been changed to favor the few on Wall Street rather than the many on Main Street.

He says that by encouraging Americans to borrow against the value of their homes, businesses created the conditions that led to the crisis, and with it homelessness and unemployment.

Moore even features priests who say capitalism is anti-Christian by failing to protect the poor.

"Essentially we have a law which says gambling is illegal but we've allowed Wall Street to do this and they've played with people's money and taken it into these crazy areas of derivatives," Moore told an audience in Venice.

"They need more than just regulation. We need to structure ourselves differently in order to create finance and money, support for jobs, businesses, etc."

GREEN SHOOTS?

Amid the gloom, Moore detects the beginnings of a popular movement against unbridled capitalism, and believes President Barack Obama's rise to power may bolster it.

"Democracy is not a spectator sport, it's a participatory event," he told a news conference. "If we don't participate in it, it ceases to be a democracy. So Obama will rise or fall based not so much on what he does but on what we do to support him."

Moore also warned other countries around the world against following the recent U.S. economic and political model.

The film follows factory workers who stage a sit-in at a Chicago glass factory when they are sacked with little warning and no pay and who eventually prevail over the bank.

And a group of citizens occupies a home that has been repossessed and boarded up by the lending company, forcing the police who come to evict them to back down.

The film re-visits some of Moore's earlier movies, including a trip to his native Flint where his father was a car assembly line worker and was able to buy a home, a car, educate his children and look forward to a decent pension.

But he brings it up to date with an examination of the financial crisis, demanding to speak to the bosses of companies at the center of the collapse and demanding that banks give back the hundreds of billions of bailout dollars to the country.

And he interviews an employee of a firm which buys up re-possessed, or "distressed" properties at a fraction of their original value and which is called Condo Vultures.

The Mackinac Center checked with the Michigan Film Office and learned that a "production person" had applied for a state tax credit for Moore's "Capitalism: A Love Story," partly filmed in Michigan

The liberal documentary filmmaker Michael Moore has been a critic of state tax credits for Hollywood films, but did one of his own films benefit from one of those credits in his home state of Michigan?

It seems so, according to a report by the Mackinac Center for Public Policy, a nonprofit, nonpartisan research and educational institute focusing on issues in Michigan.

The center checked with the Michigan Film Office and learned that a "production person" had applied for one of the tax credits for "Capitalism: A Love Story," Moore's 2009 film about corporate greed, parts of which were filmed in Michigan.

The state offers refundable tax credits of up to 42 percent to film productions for shooting movies and spending money in Michigan -- an incentive similar to one offered by numerous other states to entice Hollywood and bolster the local economy.

Moore's production has qualified to receive a tax credit from Michigan, the film office told the Mackinac Center, once the state Treasury Department reviews and approves the application. It wasn't immediately clear how much money the film qualified for.

Any amount of taxpayer subsidy is a potential black eye for Moore, who argued emphatically in "Capitalism: A Love Story" that Wall Street banks and other big companies didn't deserve the bailout money they received from the federal government as the economy was tanking.

Moore told the Michigan Messenger newspaper in 2008 that he specifically was opposed to the state's incentives for the film industry, though he also told the newspaper that he was "under pressure from the studio" to apply for the tax credit.

"While we don't blame Mr. Moore and his production team for taking what is offered, it's striking that a movie focused on the inequities of granting taxpayer dollars to private enterprise would apply for and receive taxpayer-funded incentives," said Michael LaFaive, fiscal policy director at the Mackinac Center.