IndexSummary of "Capitalism: a Love Story": Examination of Capitalism and Its ImplicationsConclusionWorks Cited"Capitalism: A Love Story" is a documentary widely distributed to audiences in the United States United States and Canada on October 2, 2009, written, produced and directed by Michael Moore documentary seeks to answer the question: what is the price America pays for its love of capitalism most of us aren't even aware. He wants viewers to be aware of the issue, which he expressed in a rather funny and outrageous way. Say no to plagiarism be banned? Get an original essay I find the film really meaningful, especially as a student doing finance It gave me an insight into how capitalism has taken over our daily lives without even realizing it a series of clips of robberies. This is what capitalism made us do. How did we end up in this situation? Ancient Rome in the film shows what America is today. Ancient Rome was then the largest and most beautiful city in the ancient world. The Romans had the most humane legal system ever devised. But grand facades cannot hide their economy's unhealthy dependence on slaves and the undeniable disparity between rich and poor. The imbalance and irresponsible behavior of public officials had become the main reasons for the final fall of Rome. And the same goes for the United States. But what is more evident in the fall of America than that of Rome? It's simple, it outrages capitalism.Summary of "Capitalism: A Love Story": Examining Capitalism and Its ImplicationsAccording to the dictionary, capitalism is an economic and political system in which a country's trade and industry are controlled by private, for-profit owners, rather than by the state. According to Michael Moore, capitalism is a system of taking and giving, especially taking. And this is true! Capitalism over the years has increased the gap between rich and poor, now there is nothing in between to connect both 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 the General Motors assembly line in Flint, Michigan. They were all great back then. They bought and paid for their house before Michael graduated from kindergarten, they have a new car every 3 years, they went to New York every other summer. They lived a good life. If this was capitalism, he really loved it, and so did everyone else. During that time many people became rich. Their top tax rate was 90% and was used to build dams, bridges and they even put a man on the moon! The middle class family needs only one income to survive. The union family had free health and dental care. Kids can go to university without taking out a bank loan. And most people have managed to save without relying on debt. But what changed the situation? Michael Moore describes President Jimmy Carter's crisis-of-confidence speech as a turning point, culminating in the election of Ronald Reagan in 1980, who Moore calls a "spokesman" for the banks and corporations, who wanted to reshape the situation. America to serve their interests. It was a historic moment because corporate America and Wall Street were in almost complete control and America would never be the same again. Highlights the influence of Donald Regan, president and CEO ofMerrill Lynch, who was Reagan's Treasury secretary and then White House chief of staff, and the dismantling of America's industrial infrastructure, which was done in the short term. profit by companies making huge profits and to destroy unions. Unemployment and productivity rose while wages stagnated and the top tax rate was halved. Instead of receiving a living wage, Americans were encouraged to live on borrowed money until their household debt reached nearly 100% of GDP, bankruptcies and incarceration rates exploded, and antidepressant sales and costs of health care skyrocketed. All of this was great news for the stock market and American CEOs. What happened to the middle class? Is this scandalous capitalism good news for them too? Absolutely not! Many workers were laid off, as was the case at Republic Windows and Doors Corporation, where there were nearly 250 employees who were given just three days' notice of layoff. Another is the dead farmer's life insurance policy where the company takes out a life insurance policy for its employees naming the company itself as the beneficiary and this insurance policy is unknown to the employee himself and his family. Extreme capitalism drives out democracy even in the case of the AP Child Care Facility, where due to an agreement between the owner of the institution and the judge of juvenile cases, conviction rates have increased, as well as the institutions have made profits. But the extreme of all extremes was the subprime mortgages that led to the financial meltdown on September 15, 2008. you can't pay it back, you'll 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 spiraling number of foreclosures, banks also failed to collect the money they lent. This destabilizes the financial system. On September 15, 2008, the largest failure in the history of the US banking system occurred, when banks failed. This led to Henry Paulson's proposal for a $700 billion bank bailout. Congress rejected the proposal on September 28, 2008, but due to pressure it was passed 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 don't have to. All this happened because of capitalism, where the rich want more wealth, taking even crazy actions if necessary. It takes one man to start the American people's revolt against capitalism. Obama, known as a “socialist” feared by corporate capitalists because he could take power over the country, won the presidential election. People were inspired to do things they would never have done before. Democracy is beginning to shine again in America as the darkness of capitalism begins to fade. Things are improving there. Wayne County Sheriff Warren Evans orders foreclosure to end; low-income families in Miami fighting together, reoccupying foreclosed homes; the success of the strike by employees of Republic Windows and Doors Corporation against Bank of America which accepted all their terms. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Conclusion I know you would agree with me that capitalism is good in its very nature or essence. The factor that changes everything is the way we use it. If used for personal interest, the..