Michael Moore on Capitalism

Over the past year we’ve all gotten just a little more realistic about our expectations.  Plummeting investment portfolios and pension plans seem to have the effect.

There’s also been a fair amount of comment in the intelligent media about the way companies (and particularly banks)  have been screwing the rest of us with quite gay abandon.

It’s seemed to me for some time the very nature of companies, the ways they’re organised and managed, operates against the interests of most of us.  Perhaps the best current example is the health insurers in the USA who been pilloried for massive increases in executive pay whilst charging the customer more, for less cover.

Earlier this year Lord Myers (UK governments Mr Fixit for financial markets) made some interesting comments about the way companies become loose cannon when only pension funds (as shareholders) hold management to account for the way they do things.

The interview recorded in this video does an excellent job, in typical Moore style, of trailing the movie.

Can’t wait to see it.

Part 1

Part 2

Posted via email from stevensreeves

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Tagged as: Business, capitalism, Financial market