New Michael Moore film calls capitalism evil

The film premiered at the Venice film festival on Sunday.

New Michael Moore film calls capitalism evil
The latest film by Michael Moore, the US documentary maker, says that capitalism is "evil". Capitalism: A Love Story, targets the big banks and speculators who have been blamed for contributing to the global financial crisis.

The film premiered at the Venice film festival on Sunday.

Blending his trademark humour with tragic individual stories, archive footage and publicity stunts, the 55-year-old launches an all-out attack on the capitalist system, arguing that it benefits the rich and condemns millions to poverty.

"Capitalism is an evil, and you cannot regulate evil," the two-hour movie concludes.

"You have to eliminate it and replace it with something that is good for all people and that something is democracy."

The bad guys in Moore's mind are big banks and hedge funds which gambled investors' money in complex derivatives that few, if any, really understood and which belonged in the casino.

"Essentially we have a law which says gambling is illegal but we've allowed Wall Street to do this and they've played with people's money and taken it into these crazy areas of derivatives," Moore told an audience in Venice.

"They need more than just regulation. We need to structure ourselves differently in order to create finance and money, support for jobs, businesses, etc, to keep a healthy economy going."

The film follows factory workers who stage a sit-in at a Chicago glass factory when they are sacked with little warning and no pay and who eventually prevail over the bank.

And a group of citizens occupies a home that has been repossessed and boarded up by the lending company, forcing the police who come to evict them to back down.

He says that by encouraging Americans to borrow against the value of their homes, businesses created the conditions that led to the crisis, and with it homelessness and unemployment.

Güncelleme Tarihi: 08 Eylül 2009, 09:00