Monday 16 November 2009

When greed is not good


Documentary film maker Michael Moore has focussed on the capitalist system itself in his latest film offering 'Capitalism a love story'. In his film Moore explores some of the more unsavoury aspects of capitalism and focusses strongly on the financial markets, merchant banks and Wall Street in general. As with all Michael Moore films, he hides no punches and preaches his sermons from the front lobbies of many of the giants of American corporates. Nonetheless as with all Moore films he brings to life the exact human toll and presents the human face in the community often lost when discussing market performance, profit and the imaginery gains and losses in the synthetic securities markets. Could anyone imagine a corporate employer taking out a life insurance policy on an employee so the company benefits if the employee dies but the surviving family members do not?