Michael Moore has just released his new film Capitalism: A love story. We normally do not rate films, but this is something that I feel need to be addressed. Michael Moore is dead wrong about capitalism having failed and it needing to be removed. I am strongly against his statements and motives.

The late British Prime Minister once said that “Capitalism is the worst system, except for others.” It was true yesterday, today and would be in the future. It has been proven in history. The problem is that we do not have a definite explanation of what capitalism is. This is its definition according to Wikipedia

“Capitalism typically refers to an economic and social system in which the means of production (also known as capital) are privately controlled; labor, goods and capital are traded in a market; profits are distributed to owners or invested in new technologies and industries; and wages are paid to labor.”

However, there are many people that feel that capitalism is the completely laissez-faire approach and let businesses do whatever they want without any rules. In fact, there is a “feud” between a member of our staff and someone else on YouTube on whether FDR was a socialist / Communist with relations to this. I do not think that this form of capitalism is good at all.

The reason is that without the check on greed, it would run wild. It is human nature. We need greed, but we also need to control it. Without it, there would be chaos. There needs to be a referee at every game and every game needs rules.

E.g. Credit default swap is the practice of Bank A betting that the loan Bank B is giving to Customer of Bank B would fail. Should Bank A be right, Bank A would get receive a payout and Bank B would lose big. Else Bank A would just lose the bet that it wagered. Short selling is the borrowing of someone’s assets, selling it high, and buying it on a low for a profit.

How in the world are these practices legal in the first place? When was it ever good that we make money over a loser? We paid the price for not over seeing enough of all this with the economy tanking last year and the government bailing out the banks who took too much risk because they could .Imagine if there were no rules with regards to these kinds of laws?

I think that we need to get capitalism back to the basics. I define capitalism as bank loaning money to a company with good financial plan and company pays back with interest. It should be that simple! Stocks and bonds are okay, but practices that benefit over demise of others are not.

However, the general concept of private companies running the economy is good. It is the reason that makes America special. Isn’t the American dream based on Capitalism? Isn’t that the reason our country became great?

Michael Moore far left thinking is scary. He sensationalizes bits of facts here and there and make a good movie. That, however, does not make his message true. Why do you think Michael Moore makes the millions that he does? Do you think he would be making so much money if we were Communists? Please! Isn’t it ironic that he is making so much money from capitalism by spewing hate on it?

In the end of the day, we are what we are because we are capitalistic country. There are faults with it, but we need to fix it rather than scrap it.

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