Table of ContentsSummary of “Capitalism: A Love Story”: Examination of Capitalism and Its ImplicationsConclusionWorks Cited “Capitalism: A Love Story” is a widely released documentary to the public in the United States. United States and Canada on October 2, 2009, written, produced and directed by Michael Moore. The documentary attempts to answer the question: what is the price America pays for its love of capitalism? the answers to this fundamental question that most of us don't even know. He wants viewers to be aware of the problem, which he delivered in quite a humorous and outrageous manner. Why violent video games should not be banned? Get the original essay a series of flight clips. This is what capitalism made us do. How did we get to this situation? Ancient Rome in the film shows what America is like today. Ancient Rome was the largest and most beautiful city in the ancient world at the time. The Romans had the most humane system of law ever devised. But the grand facades cannot hide the unhealthy dependence of their economy on slaves, and the undeniable disparity between rich and poor. The imbalance and irresponsible behavior of officials had become the main reasons for the fall of Rome. And it's the same with the United States. But what is more evident in the fall of America than that of Rome? It's simple, outrage capitalism.Summary of "Capitalism: A Love Affair": Examination of Capitalism and Its ImplicationsAccording to the dictionary, capitalism is an economic and political system in which commerce and industry of a country are controlled by private owners for profit, rather than by the state. According to Michael Moore, capitalism is a system of taking and giving, mainly taking. And it's true! Over the years, capitalism has effectively widened the gap between rich and poor; there is now nothing in between that connects the two ends. The system makes the rich (1% of the US population) richer and the poor (99% of the US population) poorer. Michael Moore remembers when his father worked on an assembly line for General Motors in Flint, Michigan. Everything was great at the time. They bought and paid for their house before Michael graduated from kindergarten, they got a new car every 3 years, and they went to New York every other summer. They lived a good life. If this was capitalism, he really loved it, just like everyone else. During this period, many people became rich. Their highest tax rate was 90% and they were used to build dams, bridges and they even put a man on the moon! The middle class family only needs one income to survive. The union family received free health and dental care. Children can go to college without getting a loan from a bank. And most people were able to save and stay out of debt. But what turned the situation around? Michael Moore describes President Jimmy Carter's crisis of confidence speech as a turning point, culminating in the election of Ronald Reagan in 1980, whom Moore calls a "mouthpiece" for banks and corporations, who wanted to remake their policy. America to serve their interests. It was a historic moment because corporate America and Wall Street had almost total control, and America would never be the same. He points to the influence of Donald Regan, chairman and CEO of Merrill Lynch, who served as Reagan's Treasury secretary and then chief of staffof the White House, and the dismantling of America's industrial infrastructure, which was carried out in the short term. the gains of corporations that make massive profits and to destroy unions. Unemployment and productivity rose as wages stagnated, the top tax rate was cut in half. Instead of receiving a living wage, Americans were encouraged to live on borrowed money until their household debt reached nearly 100% of GDP, bankruptcies exploded, incarceration rates, antidepressant sales and health care costs are skyrocketing. All of this was great news for the stock market and for American CEOs. What happened to the middle class? Is this outrageous capitalism also good news for them? Absolutely not! Many workers were laid off, such as in the case of Republic Windows and Doors Corporation, where nearly 250 employees were given only three days' notice before their layoffs. Another is the dead peasants' life insurance policy, in which the company offers a life insurance policy to its employees by naming the company itself as the beneficiary, and this insurance policy is unknown to the employee himself and his family. Extreme capitalism also drives out democracy in the case of the PA Child Care Facility, where, thanks to an agreement between the facility's owner and the juvenile court judge, conviction rates increased, and the facilities profited as well. But the extreme of all extremes was the subprime mortgages that led to the financial crisis of September 15, 2008. Subprime mortgages, which Allan Greenspan calls "tapping the equity in your home," are a system in which you borrow money against your house, and if you can't pay it back, you will lose your house. Many Americans have had their homes foreclosed on because they were unable to repay their loans due to high interest rates. Due to the increasing number of foreclosures, banks have also not recovered the money they lent. This destabilizes the financial system. On September 15, 2008, the largest failure in the history of the American banking sector occurred: the banks went bankrupt. This led to Henry Paulson's proposal for a $700 billion bank bailout. Congress rejected the proposal on September 28, 2008, but under pressure it was approved on October 3, 2008. The bailout includes a "don't ask, don't tell" policy. And now we have no idea what happened to the $700 billion because the banks aren't required to do it. This all happened because of capitalism, where the rich want more wealth, taking even foolish actions if necessary. It takes one man to spark the revolt of the American people against capitalism. Obama, known as a “socialist” who capitalists feared because he could take over the country, won the presidential election. People were inspired to do things like they never would have done before. Democracy is beginning to shine a light again in America as the darkness of capitalism begins to fade. Things are improving there. Warren Evans, sheriff of Wayne County, who orders an end to the seizures; Miami's low-income families fighting together, reoccupying foreclosed homes; the successful sit-down strike by employees of Republic Windows and Doors Corporation against Bank of America, who agreed to all their terms. Keep in mind: this is just a sample. Get a personalized article from our expert writers now...