Hacker Cinema
Saving Capitalism
2017 · Film · documentary · 73 min
Directed by Sari Gilman, Jacob Kornbluth
Former Secretary of Labor Robert Reich meets with Americans from all walks of life as he chronicles a seismic shift in the nation's economy.
3 positivefrom 3 commenters
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3 comments on Hacker News
>I don’t think labor price renegotiations constitute a social revolution in the historical sense of the phrase. Maybe a small one.
I sort of weakly disagree, a labor movement (of price negotiation) would be extremely subversive of the business status quo. I say weakly because the kind of 'revolution' discussed seems to be much less of an organized movement and instead a spontanious zeitgeist in my view.
For context of Reich's thinking here I would recommend his 2017 Netflix documentary "Saving Capitalism"[0]
[0] - https://www.imdb.com/title/tt6185286/
This is what the bribes buy.
https://en.wikipedia.org/wiki/Revolving_door_(politics)
I can show you the increase in politicians turning into lobbyists over the years or you can research it. I know which documentary shows the number (Saving Capitalism) but don’t have time to look it up at this moment.
Robert Reich's "Saving Capitalism" documentary on Netflix does a pretty good job to answer this question.
TLDR; Wall Street is part of an industrial/political system that extols "free market" capitalism, publicly, when in fact, "free markets" and "free market meritocracy" is a myth, and they know it. Privately, these same people hire lobbyists and otherwise influence the political system to craft regulation & policy around property, monopoly, contracts, bankruptcy, and enforcement. These regulations protect and enhance the benefit of the few.