Wall Street 2

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Recommended: Consumerist vs capitalist society

I love Michael Moore movies, since he is an advocate for social justice and a firm supporter of democracy, but Capitalism: A Love Story was over the top and his perspective on the ruthlessness of capitalism was not a fair representation of our current financial economic system, be it capitalism or consumerism. Ayn Rand would have sneered at the mash-up of publicity stunts and his bent on events that were focused on throughout the film.
Yes, the banks have an undemocratic hold on the political elite in this country, but there is another story of greed that Moore omitted, relating to the unapologetic gluttony on the part of the average American that fed the housing crisis scandal, which fed the derivative market product to expand so rapidly. Although though the value of a home may have increased, or inflated, in its equity, it is not prudent to borrow up to the limit without considering the consequences of taking ARM equity loans.
That being said, Rand was a strong advocate of private property, which “was brought into existence only by capitalism.” Through freedom humans can create we...

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