Michael Moore Takes On Wall Street

The Venice film festival is in full swing, and today the Guardian reviews Michael Moore’s latest film, Capitalism: A Love Story:

Moore jabs his finger at everyone from Reagan to Bush Jr, Hank Paulson to Alan Greenspan. He drags the viewer through a thicket of insurance scams, sub-prime bubbles and derivative trading so wilfully obfuscatory that even the experts can’t explain how it works.

The big villain, of course, is capitalism itself, which the film paints as a wily old philanderer intent on lining the pockets of the few at the expense of the many. America, enthuses a leaked Citibank report, is now a modern-day “plutonomy” where the top 1% of the population control 95% of the wealth. Does Barack Obama’s election spell an end to all this? The director has his doubts, pointing out that Goldman Sachs — depicted here as the principal agent of wickedness — was the largest private contributor to the Obama campaign.

I say: sit back and enjoy.  There’s no need any longer for the ritual fainthearted acknowledgments that “Moore sometimes goes a bit too far” or “Moore sometimes prefers theater to getting the facts straight” or any of that.  It’s probably true, but why bother anymore? The wingers have already decided that we’re all a bunch of radicalfascistextremistcommunistunamericansocialistchicagothugs anyway, so what the hell.  Might as well just enjoy some lefty porn along with a big bag of popcorn and hail Michael Moore as a true American prophet.  What more can they call us, after all?

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate

Share your feedback: We’re planning to launch a new version of the comments section. Help us test it.