No stranger to controversy — on the contrary, he courts it like a man possessed — Michael Moore has never minced words in his tirades against targets, including the NRA and America’s private health care providers.
It should come as no surprise, then, that the Michigan-born documentarian, 55, is equally blunt in his assessment of America’s free-market system in his latest offering, “Capitalism: A Love Story,” which opened Friday.
“Something is seriously wrong with the economic situation in America,” he says. “When I say that capitalism should be eliminated, I’m not talking about eliminating someone trying to open up a business, trying to sell shoes and working hard to make a living.
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US economic power is declining as a result of the financial crisis, the head of the World Bank has said.
Recent media stories have chronicled in great detail the events of the last couple of years. A pair of conclusions might be fairly drawn from these early drafts of history. One is that the financial-market turmoil of the last year proved to be of significant consequence to the economy. The second is that the Federal Reserve distinguished itself from historical analogues by taking extraordinary actions to address risks to the economy. Commentators, however, tend to disagree as to whether the extraordinary actions undertaken were to the good or the detriment of the U.S. economy in the long-run.