Category Archives: Big Money

Big Money, Conspiracy a-go-go, Corporate Intrigue, Politics

Kleptocracy Now: A Top 1% List

January 22, 2024 Dennis Hartley Leave a comment

By Dennis Hartley

(Originally posted on Digby’s Hullabaloo on January 20, 2024)

History never repeats (I tell myself before I go to sleep)

– Split Enz

Thankfully, I was between gulps of coffee when I espied this tidbit on X (re-posted by Digby)…otherwise I would have done an involuntary spit take all over my Cocoa Puffs:

I think capitalism far superior to socialism, and free markets with a welfare state and some regulation far superior to a government-run economy with limited room for freedom. But if capitalists side with authoritarians–better social democracy than corporatist authoritarianism.

— Bill Kristol (@BillKristol) January 20, 2024

“Wait a minute…that has to be a parody account,” I thought to myself. But nope, that is from the actual Bill Kristol, neoconservative writer and commentator. He was (in his words) “provoked” into sharing that observation after “reading a couple articles about Davos.”

I suspect it’s not just the shenanigans this past week at the World Economic Forum that prompted this magical trip to the other side of the wardrobe, but the all-too-real *possibility* of history repeating itself this November (do I need to spell it out?). I pray (as fervently as an agnostic can) that “it” doesn’t happen again…but in our heart of hearts, you and I both know that it could.

With that in mind, I thought I’d revisit a “top 10 list” I originally posted on the eve of Inauguration Day 2017, which contains bellwethers that may need to be heeded once again. With my childlike grasp of investment strategies, the best tip I can give is: go long on Hope.

(The following was originally published on Hullabaloo on January 14, 2017)

“To assess the ‘personality’ of the corporate ‘person’ a checklist is employed, using diagnostic criteria of the World Health Organization and the standard diagnostic tool of psychiatrists and psychologists. The operational principles of the corporation give it a highly anti-social ‘personality’: it is self-interested, inherently amoral, callous and deceitful; it breaches social and legal standards to get its way; it does not suffer from guilt, yet it can mimic the human qualities of empathy, caring and altruism.”

– from the official website for the film, The Corporation

I don’t know about you, but my jaw is getting pretty sore from repeatedly dropping to the floor with each successive cabinet nomination by our incoming CEO-in-chief of the United States of Blind Trust. It seems that candidate Trump, who ran on an oft-bleated promise to “drain the swamp” in Washington D.C. bears little resemblance to President-elect Trump, who is currently hell-bent on loading the place up with even more alligators.

When I heard the name “Rex Tillerson” bandied about as Trump’s pick for Secretary of State, it rang a bell. I knew he was the former head of Exxon, so it wasn’t that. Then I remembered. Mr. Tillerson was one of the “stars” of a documentary I reviewed several years back, called Greedy Lying Bastards (conversely, if I hear the words “greedy lying bastards,” bandied about, “Trump’s cabinet picks” is the first phrase that comes to mind).

So with that in mind, and in keeping with my occasional unifying theme, “Hollywood saw this coming”, I was inspired to comb my review archives of the last 10 years to see if any bellwethers were emerging that may have been dropping hints that the planets were aligning in such a manner as to set up a path to the White House for an orange TV clown (the “self-interested, inherently amoral, callous and deceitful” kind of orange TV clown).

All 10 of these films were released within the last 10 years. I’ll let you be the judge:

The Big Short – Want the good news first? Writer-director Adam McKay and co-scripter Charles Randolph’s adaptation of Michael Lewis’ eponymous 2010 non-fiction book is an outstanding comedy-drama; an incisive parsing of what led to the crash of the global financial system in 2008. The bad news is…it made me pissed off about it all over again.

Yes, it’s a bitter pill to swallow, this ever-maddening tale of how we stood by, blissfully unaware, as unchecked colonies of greedy, lying Wall Street investment bankers were eventually able to morph into the parasitic gestalt monster journalist Matt Taibbi famously compared to a “…great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” Good times! (Full review)

Capitalism: A Love Story – Back in 2009, Digby and I did a double post on this film, which was Michael Moore’s reaction to the 2008 crash. Here’s how I viewed his intent:

So how did we arrive to this sorry state of our Union, where the number of banks being robbed by desperate people is running neck and neck with the number of desperate banks ostensibly robbing We The People? What paved the way for the near-total collapse of our financial system and its subsequent government bailout, which Moore provocatively refers to as nothing less than a “financial coup d’etat”? The enabler, Moore suggests, may very well be our sacred capitalist system itself-and proceeds to build a case (in his inimitable fashion) that results in his most engaging and thought-provoking film since Roger and Me […] at the end of the day I didn’t really find his message to be so much “down with capitalism” as it is “up with people”.

Digby gleaned something else from the film that did a flyover on me at the time:

But this movie, as Dennis notes, isn’t really about saviors or criminals, although it features some of both. It’s a call for citizens to focus their minds on what’s actually gone wrong and take to the streets or man the barricades or do whatever defines political engagement in this day and age and demand that the people who brought us to this place are identified and that the system is reformed. Indeed, I would guess that if it didn’t feature the stuff about capitalism being evil he could have shown this to audiences of all political stripes and most of the latent teabaggers would have given him a standing ovation.

If the film manages to focus the citizenry on the most important story of our time then it will be tremendously important. If it gets lost in a cacophony of commie bashing and primitive tribalism then it will probably not be recognized for what it is until sometime later. As with all of his films, he’s ahead of the zeitgeist, so I am hopeful that this epic call to leftwing populist engagement is at the very least a hopeful sign of things to come.

She called it. “Someone” did tap into that populist sentiment; but sadly, it wasn’t the Left. (Full review)

The Corporation – While it’s not news to any thinking person that corporate greed and manipulation affects everyone’s life on this planet, co-directors Mark Achbar and Jennifer Abbott deliver the message in a unique and engrossing fashion. By applying a psychological profile to the rudiments of corporate think, Achbar and Abbott build a solid case; proving that if the “corporation” were corporeal, then “he” would be Norman Bates.

Mixing archival footage with observations from some of the expected talking heads (Michael Moore, Noam Chomsky, etc.) the unexpected (CEOs actually sympathetic with the filmmakers’ point of view) along with the colorful (like a “corporate spy”), the film offers perspective not only from the watchdogs, but from the belly of the beast itself. Be warned: there are enough exposes trotted out here to keep conspiracy theorists, environmentalists and human rights activists tossing and turning in bed for nights on end.

The Forecaster – There’s a conspiracy nut axiom that “everything is rigged”. Turns out it’s not just paranoia…it’s a fact. At least that’s according to this absorbing documentary from German filmmaker Marcus Vetter, profiling economic “forecaster” Martin Armstrong. In the late 70s, Armstrong formulated a predictive algorithm (“The Economic Confidence Model”) that proved so accurate at prophesying global financial crashes and armed conflicts, that a shadowy cabal of everyone from his Wall Street competitors to the CIA made Wile E. Coyote-worthy attempts for years to get their hands on that formula.

And once Armstrong told the CIA to “fuck off”, he put himself on a path that culminated in serving a 12-year prison sentence for what the FBI called a “3 billion dollar Ponzi scheme”. Funny thing, no evidence was ever produced, nor was any judgement passed (most of the time he served was for “civil contempt”…for not giving up that coveted formula, which the FBI eventually snagged when they seized his assets). Another funny thing…Armstrong’s formula solidly backs up his contention that it’s the world’s governments running the biggest Ponzi schemes…again and again, all throughout history.

And something tells me that we ain’t seen nuthin’ yet…

Greedy Lying Bastards – I know it’s cliché to quote Joseph Goebbels, but: “If you repeat a lie often enough, it becomes the truth.” That’s the theme of Craig Rosebraugh’s 2013 documentary. As one interviewee offers: “On one side you have all the facts. On the other side, you have none. But the folks without the facts are far more effective at convincing the public that this is not a problem, than scientists are about convincing them that we need to do something about this.” What is the debate in question here? Global warming.

Using simple but damning flow charts, Rosebraugh follows the money and connects dots between high-profile deniers (“career skeptics…in the business of selling doubt”) and their special interest sugar daddies. Shills range from media pundits (with no background in hard science) to members of Congress, presidential candidates and Supreme Court justices. Think tanks and other organizations are exposed as mouthpieces for Big Money.

Sadly, the villains outnumber the heroes-which is not reassuring. What does reassure are suggested action steps in the film’s coda…which might come in handy after January 20^th. (Full review)

Inside Job – I have good news and bad news about documentary filmmaker Charles Ferguson’s incisive parsing of what led to the crash of the global financial system in 2008. The good news is that I believe I finally grok what “derivatives” and “toxic loans” are. The bad news is…that doesn’t make me feel any better about how fucked we are.

Ferguson starts where the seeds were sown-rampant financial deregulation during the Reagan administration (“morning in America”-remember?). The film illustrates, point by point, how every subsequent administration, Democratic and Republican alike, did their “part” to enable the 2008 crisis- through political cronyism and legislative manipulation. The result of this decades long circle jerk involving Wall Street, the mortgage industry, Congress, the White House and lobbyists (with Ivy League professors as pivot men) is what we are still living with today…and I suspect it is about to get unimaginably worse. (Full review)

The International – Get this. In the Bizarro World of Tom Tykwer’s conspiracy thriller, people don’t rob banks…. banks rob people. That’s crazy! And if you think that’s weird, check this out: at one point in the film, one of the characters puts forth the proposition that true power belongs to he who controls the debt. Are you swallowing this malarkey? The filmmakers even go so far as to suggest that some Third World military coups are seeded by powerful financial groups and directed from shadowy corporate boardrooms…

What a fantasy! (Not.)

The international bank in question is under investigation by an Interpol agent (Clive Owen), who is following a trail of shady arms deals all over Europe and the Near East that appear to be linked to the organization. Whenever anyone gets close to exposing the truth about the bank’s Machiavellian schemes, they die under mysterious circumstances. Once the agent teams up with an American D.A. (Naomi Watts), much more complexity ensues, with tastefully-attired assassins lurking behind every silver-tongued bank exec.

The timing of the film’s release (in 2010) was interesting, in light of the then-current banking crisis and plethora of financial scandals. Screenwriter Eric Singer (no relation to the KISS drummer) based certain elements of the story on the real-life B.C.C.I. scandal. (Full review)

The Queen of Versailles — In Lauren Greenfield’s 2012 doc, billionaire David Siegel shares an anecdote about his 52-story luxury timeshare complex in Vegas. In 2010, Donald Trump called him and said, “Congratulations on your new tower! I’ve got one problem with it. When I stay in my penthouse suite, I look out the window and all I see is ‘WESTGATE’. Could you turn your sign down a little bit?” (how he must have suffered).

While Greenfield’s portrait of Siegal, his wife Jackie, their eight kids, nanny, cook, maids, chauffeur and (unknown) quantity of yippy, prolifically turd-laying teacup dogs is chock full of wacky “you couldn’t make this shit up” reality TV moments, there is an elephant in the room…the family’s unfinished Orlando, Florida mansion, the infamous “largest home in America”, a 90,000 square foot behemoth inspired by the palace at Versailles. Drama arises when the bank threatens to foreclose on it, along with the PH Towers Westgate. So does the family end up living in cardboard boxes? I’m not telling.

However, there is a more chilling message, buried near the end of the film. When Siegel boasts he was “personally responsible” for the election of George W. Bush in 2000, the director asks him to elaborate. “I’d rather not say,” he replies, “…because it may not necessarily have been legal.” Any further thoughts? “Had I not stuck my big nose into it, there probably would not have been an Iraqi War, and maybe we would have been better off…I don’t know.” Gosh, imagine a billionaire having the power to “buy” the POTUS of their choice. Worse yet, imagine a similarly odious billionaire becoming the POTUS. Oh. (Full review)

Welcome to New York — While it is not a “action thriller” per se, Abel Ferrara’s film is likewise “ripped from the headlines”, involves an evil banker, and agog with backroom deals and secret handshakes. More specifically, the film is based on the Dominique Strauss-Kahn scandal. In case you need a refresher, he was the fine fellow who was accused and indicted for an alleged sexual assault and attempted rape of a maid employed by the ritzy NYC hotel he was staying at during a 2011 business trip. The case was dismissed after the maid’s credibility was brought into question (Strauss-Kahn later admitted in a TV interview that a liaison did occur, but denied any criminal wrongdoing).

I’m sure that the fact that Strauss-Kahn was head of the International Monetary Fund at the time (and a front-runner in France’s 2012 presidential race) had absolutely nothing to do with him traipsing out from the sordid affair smelling like a rose (2024 sidebar: Umm…)

It is interesting watching the hulking Gerard Depardieu wrestle with the motivations (and what passes as the “conscience”) of his Dostoevskian character. It doesn’t make this creep any more sympathetic, but it is a fearless late-career performance, as naked (literally and emotionally) as Marlon Brando was playing a similarly loathsome study in Last Tango in Paris. Jacqueline Bisset gives a good supporting turn as the long-suffering wife. (Full review)

The Yes Men Fix the World – Anti-corporate activist/pranksters Andy Bichlbaum and Mike Bonanno (aka “The Yes Men”) and co-director Kurt Engfehr come out swinging, vowing to do a take-down of a powerful nemesis…an Idea. If money makes the world go ‘round, then this particular Idea is the one that oils the crank on the money-go-round, regardless of the human cost. It is the free market cosmology of economist Milton Friedman, which the Yes Men posit as the root of much evil in the world.

Once this springboard is established, the fun begins. Perhaps “fun” isn’t the right term, but there are hijinks afoot, and you’ll find yourself chuckling through most of the film (when you’re not crying). However, the filmmakers have a loftier goal than mining laughs: corporate accountability; and ideally, atonement. “Corporate accountability” is an oxymoron, but one has to admire the dogged determination (and boundless creativity) of the Yes Men and their co-conspirators, despite the odds. It’s a call to activism that is as timely as ever. (Full review)

Big Money, Documentary

Tribeca 2022: Billion Dollar Babies: The True Story of the Cabbage Patch Kids ***

June 19, 2022 Dennis Hartley Leave a comment

By Dennis Hartley

(Originally posted on Digby’s Hullabaloo on June 18, 2022)

Andrew Jenks’ documentary connects the dots between two uniquely American traditions: Appalachian folk art, and shoppers trampling each other at Black Friday sales (“USA! USA! USA!”). But seriously…Cabbage Patch Kids. I’m old enough to remember the phenomena, but when they hit store shelves in the early 80s, I was in my mid-20s and too old to care.

Irregardless, I found some parts of the origin story weirdly fascinating, particularly the brick-and-mortar “hospital” where purchasers could view their doll’s “delivery” (from a head of cabbage) and then sign official “adoption papers” (more akin to Motel Hell than a Disney movie). And then there were the plagiarism lawsuits. Not essential viewing, but if you’re in the mood for a fun wallow in 80s nostalgia, you’ll dig it (hey…it’s even narrated by Neil Patrick Harris).

Big Money, Documentary, Politics

Tribeca 2021: Not Going Quietly (***)

June 14, 2021 Dennis Hartley Leave a comment

By Dennis Hartley

(Originally posted on Digby’s Hullabaloo on June 12, 2021)

You may not recognize Ady Barkan by name, but you may remember a chance encounter he had on a plane with then U.S. Senator Jeff Flake in 2017 that went viral. Barkan (diagnosed with ALS in 2016 at age 32) confronted Flake on an impending Congressional vote on a tax cut that would have negative residual effects on Medicare, Medicaid and Social Security programs that people with disabilities rely upon for health care assistance.

Nicholas Bruckman’s “warts and all” documentary charts how Barkin continues to use his skills as a longtime activist to spearhead a national campaign for healthcare reform, despite the progression of his disease. Don’t pity him-he doesn’t want it. You’ll pity yourself for not being out there making a difference like this amazing person.

Big Money, Drama, Family Issues, Film Noir

Blu-ray reissue: Leave Her to Heaven ***1/2

November 30, 2020 Dennis Hartley Leave a comment

By Dennis Hartley

(Originally posted on Digby’s Hullabaloo on November 28,2020)

Leave Her to Heaven – Criterion Collection

There have been a lot of movies about possessive lovers, but the character of “Ellen Berent” (played by achingly beautiful Gene Tierny) takes the cake. Shot in eye-popping Technicolor, John M. Stahl’s 1945 drama (adapted by Jo Swerling from a novel by Ben Ames Williams) is equal parts film noir and twisted soaper.

Cornel Wilde co-stars as Richard Harland, a novelist who has a chance meeting with Ellen on a train. Before he knows what hit him, the slightly off-kilter but undeniably alluring socialite has introduced Richard to her well-to-do family, and in the blink of an eye, Ellen is dragging him down the aisle. Not that he resists (I mean, my god…look at Gene Tierny…look at her!) but as tends to occur in quickie betrothals, any poisons that may lurk in the mud don’t hatch out until after the honeymoon’s over.

As pointed out by film critic Imogen Sara Smith in an enlightening video essay produced exclusively for Criterion’s Blu-ray release, Tierny was perennially underrated as an actor due to her striking looks. I heartily agree-Tierney delivers a subtly chilling performance in this film. While you could call Leave Her to Heaven the original Fatal Attraction, by comparison Glenn Close’s clingy psycho is more like a cartoon villain and far less compelling. Excellent support from Jeanne Crain, Vincent Price, Mary Phillips and Ray Collins.

Leon Shamroy’s cinematography has never looked this luminous on home video. Criterion’s edition features a new 2K restoration by Twentieth Century Fox, the Academy Film Archive, and The Film Foundation. A must-have for the noir fan on your gift list.

Big Money, Documentary, Politics, Up the Workers

Same as it ever was: Capital in the Twenty-First Century (***½)

May 11, 2020 Dennis Hartley Leave a comment

By Dennis Hartley

(Originally posted at Digby’s Hullabaloo on May 9, 2020)

“There is no America. There is no democracy. There is only IBM, and ITT, and AT&T, and DuPont, Dow, Union Carbide, and Exxon. Those are the nations of the world today. What do you think the Russians talk about in their councils of state, Karl Marx? They get out their linear programming charts, statistical decision theories, Minimax solutions, and compute the price-cost probabilities of their transactions and investments, just like we do. We no longer live in a world of nations and ideologies, Mr. Beale. The world is a college of corporations, inexorably determined by the immutable bylaws of business. The world is a business, Mr. Beale. It has been since man crawled out of the slime.”

― from Network, screenplay by Paddy Chayefsky

And thus spoke “Arthur Jensen”, CEO of fictional media conglomerate “CCA” in what is for me the most defining scene in director Sidney Lumet’s prescient 1976 satire. Jensen (wonderfully played by Ned Beatty) is calling “mad prophet of the airwaves” Howard Beale (Peter Finch) on the carpet for publicly exposing a potential buyout of CCA by shadowy Arab investors. Cognizant that Beale is crazy as a loon, yet a cash cow for the network, Jensen hands him a new set of stone tablets from which he is to preach (the corporate cosmology of Arthur Jensen). It is screenwriter Chayefsky’s finest monologue.

Recently, we’ve witnessed a President of the United States who is Tweeting and making public statements in TV interviews and press conferences (in a very “mad prophet of the airwaves” manner) that suggest he feels it’s more important right now in the midst of a still-raging pandemic to get everyone back to work than to save their lives. Because the economy. And per usual, Wall Street watches, waits and yawns while it gets a manicure.

You would almost think “someone” has handed the President a set of stone tablets from which he is to preach (akin to the corporate cosmology of Arthur Jensen). Or, at the very least-he opines from the perspective of someone borne of privilege and inherited wealth?

So how did the world become “…a college of corporations, inexorably determined by the immutable bylaws of business”? And come hell, high water, or killer virus, why is it that “Thou shalt rally the unwashed masses to selflessly do their part to protect the interests of the Too Big to Fail” (whether it’s corporations, the dynastic heirs of the 1% or the wealth management industry that feeds off of them) remains the most “immutable bylaw” of all?

It’s not like “the people” haven’t tried through history to level the playing field between the “haves” and the “have-nots”. Take, for example the French Revolution, which ultimately did not change the status quo, despite the initial “victory” of the citizenry over the power-hoarding aristocracy. As pointed out in Justin Pemberton’s documentary Capital in the Twenty-First Century, while there was initial optimism in the wake of the revolution that French society would default to an egalitarian model, it never really took.

Why? Because the architects of the revolution overlooked what is really needed to establish and maintain true equality: strong political institutions, an education system, health care (*sigh*), a transport system, and a tax system that targets the highest incomes.

Same as it ever was.

That, and financial inequality in general are the central themes in Pemberton’s ever-so-timely film, which is based on the eponymous best-seller by economist Thomas Piketty.

Cleverly interweaving pop culture references with insightful observations by Piketty and other economic experts, the film illustrates (in easy-to-digest terms) the cyclical nature of feudalism throughout history. Focusing mostly on the last 200 years or so, it connects the dots between significant events like the aforementioned French Revolution, the Industrial Revolution (which greatly expanded the boundaries of “capital” while driving an even deeper wedge between workers and factory owners), New World expansion (which spawned the slave trade), and the labor movements of the late 19^th-to-early 20^th Centuries.

While a lot of the historical review is disheartening, it is not all gloom and doom and “the system is rigged”. The film reminds us that there have been periods where egalitarian ideals have taken hold (the Roaring Twenties, FDR’s New Deal, the post-war rise of the middle-class). That said-1% of the world’s population still owns 70% of the land in 2020.

Will there ever come a time when economic equality “takes” for good? Maybe when an asteroid strikes the Earth and puts us all back on equal footing? My personal cynicism aside, Piketty and his fellow commentators do toss out possible scenarios that give you some hope; but frankly they all seem to be predicated on a wee bit of magical thinking.

Naturally, I was being facetious in the previous paragraph when I mentioned an asteroid striking the Earth. But history does indicate it takes some form of Great Equalizer to precipitate a shakeup in the status quo. As pointed out in the film, war is one example (WW 1 begat the Roaring Twenties, WW 2 begat the rise of the middle class, etc.). What about this pandemic? A killer virus doesn’t care whether you’re wearing a Bud-stained T-shirt or a Brioni suit; it’s just looking for the nearest warm body to attach itself to.

As the film was produced before Covid-19 shut down much of the world’s economy, it does not delve into the possibilities of a post-pandemic restructuring. As luck would have it though, a fitting postscript for my review presented itself the day after I screened the film when Thomas Piketty popped up as a guest on The Daily Social Distancing Show with Trevor Noah. Curiously, he was not there to promote the documentary, but did share some interesting thoughts on possible post-pandemic shifts in current economic models:

[Piketty] I think this is one of these crises we see that can really change people’s views about the world and how we should organize the economy. What we see at this stage is a big increase in inequality. […]

With this crisis right now, I think people are going to be asking for proof that we can also use this power of money creation and the Federal Reserve in order to invest in people; investing in hospitals, in public infrastructure, increasing wages for unskilled workers…all the low-wage and middle-wage people which we see today are necessary for our existence and our society.

In the longer run, of course we cannot just pay for everything with public debt and money creation…so we have to re-balance our tax system. […]

In the past three decades in America, we’ve seen a lot more billionaires; but we’ve seen a lot less growth. So in the end, the idea that you get prosperity out of inequality just didn’t work out. […]

[Noah] What do you think about the “worst case scenario”, then…if you live in a world where the inequality just keeps growing; the rich get richer and the poor get poorer, what do we inevitably get to?

[Piketty] Well to me the worst scenario is that some skilled politicians like Donald Trump, or [President of the National Front Party] Marie Le Pen in my country in France will use the frustration coming from wage and income stagnation and rising inequality in order to point out some foreign workers or “some people” [are] to blame. […] And this is what really worries me-that if we don’t change our discourses, if we don’t come up with another economic model that is more equitable, more sustainable…then, in effect we re-open the door for all this nationalist discourse.

Trevor had to go there with the “worst case scenario”. But that does not mean that is where we must end up. I am not an economic expert, nor pretend to have the answers to such questions. However, one quote from the film stuck with me: “This logic of one dollar, one vote is completely opposed to the democratic logic of one person, one vote.” I am not taking that one to the bank; I’ll be taking that one to the polls with me on November 3^rd-with fingers crossed.

Capital in the Twenty-First Century is streaming through May 14 via Seattle’s Grand Illusion Cinema website . Proceeds are split to help support the theater during its current closure.

Big Money, Conspiracy a-go-go, Documentary, Politics

Wild, Wild East: Citizen K (***)

January 20, 2020 Dennis Hartley Leave a comment

By Dennis Hartley

(Originally posted on Digby’s Hullabaloo on January 18, 2020)

“In Russia, laws are kind of an iffy question. The strictness of Russian laws is compensated for the lack of obligation to follow them.”

– Mikhail Khodorkovsky in Citizen K

Early on in Citizen K, Alex Gibney’s documentary about the rise, fall and (questionable) redemption of exiled Russian oligarch Mikhail Khodorkovsky, an associate of his observes “He had already decided for himself that he wouldn’t be going anywhere, and if he were arrested, he’d do his time. He’s strange that way.” If the film is any indication, Khodorkovsky is “strange” in more ways than one …at the very least, a hard nut to crack.

Khodorkovsky, the first (only?) of the “Big 7” Russian oligarchs to ever publicly bring into question the ways and means of President Vladimir Putin’s consolidation of absolute power, did in fact end up doing “his time”. Arrested in 2003 and accused of fraud and tax evasion, Khodorkovsky was convicted and spent 10 years in a Siberian prison (when you consider the fate of many of Putin’s critics, Khodorkovsky is one of the “luckier” ones).

Not that Khodorkovsky was a social justice warrior-or anything of the sort. In an archival Russian television interview from the 1990s, he is asked if he is “a greedy person”. Wearing a bit of a smirk, Khodorkovsky replies “Definitely, definitely, definitely. I used to be less greedy, now I’m greedier. It’s a professional trait.” This “professional trait” was shared by a number of successful practitioners of the “gangster capitalism” that flourished in the wake of the collapse of the former Soviet Union during the “Wild 90s”.

The newly democratic country’s shaky plunge into capitalism created a “free for all” market, making it a textbook study in chaos theory through the Boris Yeltsin years (he was President from 1991 to 1999). This is the most engrossing portion of Gibney’s film, which is a recap of how the “Big 7” oligarchs ended up controlling 50% of the economy.

It was during the aforementioned period that Khodorkovsky amassed his wealth, initially seeding it with financial schemes and culminating with his highly profitable oil company, Yukos. As the present-day Khodorkovsky recounts with false modesty, “I found a book: ‘Commercial Banks of Capitalist Countries’ […] I said, ‘Hey, I like this!’” See? Simple!

Khodorkovsky’s fortunes began to turn, however once Vladimir Putin became President in 2000. It’s no secret that Putin owed much of his initial political success to strong backing by the oligarchs, who as one interviewee in the film observes “…were looking for a successor [to Yeltsin] who would guarantee their safety and guarantee their wealth.”

That said, Putin cannily gleaned that if he wanted to consolidate his power, this beautiful friendship could only continue to flourish if one strict caveat was adhered to: the oligarchs must stay in their lane and leave all the politics to him. In other words, feel free to party on in your luxury yachts, but don’t rock the boat. Khodorkovsky rocked the boat.

While the other oligarchs toed the line, Khodorkovsky and Putin were at loggerheads from day one. When he took office, Putin felt threatened by reports that Khodorkovsky had half of the state Duma (the Russian assembly) in his pocket to protect his oil interests. “Did this require MPs?” Khodorkovsky cagily responds to Gibney when he asks if this was true, adding, “It was exactly as it happens in the United States Congress; ‘Will you support our campaign in the next election?’” Khodorkovsky does have a point.

Mixing excised footage from a nationally broadcast pre-taped TV special that featured President Putin, Khodorkovsky and other prominent businessmen discussing the state of the Russian economy with present-day play-by-play commentary by Khodorkovsky, Gibney cleverly reconstructs the precise “last straw” moment for a visibly angry Putin, after Khodorkovsky openly (and very boldly…considering) calls Putin out on his bullshit.

Next stop? Siberia. Well, prefacing Siberia was a series of show trials; Gibney also covers Khodorkovsky’s 10-year imprisonment and eventual 2013 pardon by Putin (prompted by public sentiment turning to Khodorkovsky’s favor) The final third of the film deals with Khodorkovsky’s current exile in London, where he has re-invented himself as a political dissident and outspoken Putin critic. This is where it gets a bit gray.

“I am far from an ideal person, but I’m a person who has ideals,” Khodorkovsky offers, undoubtedly self-aware of some healthy skepticism regarding an oligarch-turned-champion of the people. Gibney himself seems uncertain how to position the enigmatic Khodorkovsky-is he a sinner, or saint? Or is Khodorkovsky playing Gibney like a violin?

To his credit Gibney does ask him directly about one of those “gray areas”, which involves Khodorkovsky’s alleged involvement (never proven) in the 1998 assassination of Vladimir Petukhov, the mayor of Nefteyugansk (in 2015 a Russian court issued an international arrest warrant for Khodorkovsky, officially charging him with ordering the hit). Nefteyugansk was the Siberian town where Khodorkovsky’s oil company was headquartered at the time. Khodorkovsky has yet to respond to the summons. However he is aware that living in London doesn’t guarantee he is out of Putin’s reach; a number of exiled Putin critics have suffered untimely and rather suspicious deaths in recent years.

While Khodorkovsky remains a shadowy figure, Gibney’s film does succeed in shedding light on how the “interesting” relationship between Putin and the oligarchy developed and how it continues to inform Russia’s ongoing experiment with “democracy”. And considering the “interesting” relationship that has developed between Putin and Trump, Citizen K may very well prove to be less of a cautionary tale …and more of a bellwether.

Big Money, Culture Clash, Social Satire, The Environment

Blu-ray reissue: Local Hero ****

December 16, 2019 Dennis Hartley Leave a comment

By Dennis Hartley

(Originally posted on Digby’s Hullabaloo on December 14, 2019)

Local Hero – Spirit Entertainment (Region “B” Blu-ray)

This magical, wonderfully droll and observant 1983 social satire from Scottish writer-director Bill Forsyth has been on my Blu-ray wish list for many years. I was beginning to despair that I was waiting in vain for “someone” to do a restoration/HD upgrade…and bam! Two studios simultaneously release 2K digital restorations on Blu-ray in 2019 (more on my dilemma in a moment).

Peter Reigert is perfectly cast as Macintyre, a Texas-based executive who is assigned by the head of “Knox Oil & Gas” (Burt Lancaster) to scope out a sleepy Scottish hamlet that sits on the edge of an oil-rich bay. He is to negotiate with all the local property owners and essentially buy out the entire town so that the company can build a huge refinery.

While he considers himself “more of a Telex man”, who would prefer to knock out such an assignment “in an afternoon”, Mac sees the overseas trip as a possible fast track for a promotion within the corporation. As this quintessential 80s Yuppie works to ingratiate himself with the unhurried locals (quite impatiently at first), a classic “fish out of water” transformation ensues. It’s the kindest and gentlest Ugly American tale you’ve ever seen.

Full disclosure: I can only base my assessment of image quality on the disc that I own, which is from the UK outfit Spirit Entertainment (please note it is Region “B” locked). As mentioned earlier, this is a new 2K restoration, and it’s breathtaking (it’s a beautiful looking film to begin with).

Now, the “other” studio who has put out an edition of the film is The Criterion Collection. I have not viewed their edition, but based on their product description, I can safely assume that their 2K transfer is from the same recently struck restoration. Both editions have good extra features (several of them duplicate), but what swayed me to the Spirit Entertainment version was a new 2019 interview with Mark Knopfler (which the Criterion edition does not contain) discussing his classic soundtrack.

Big Money, Drama, Family Issues

Blu-ray reissue: The Magnificent Ambersons ***1/2

December 17, 2018 Dennis Hartley Leave a comment

By Dennis Hartley

(Originally posted on Digby’s Hullabaloo on December 15, 2018)

The Magnificent Ambersons – Criterion Collection Blu-ray

It’s sad that the late great Orson Welles has (unfairly) become the perennial poster boy for “squandered talent” in the film industry. Granted, he was a rapscallion who loved to push people’s buttons; unfortunately, some of those “people” were powerful producers and studio heads who didn’t get the joke back in those days when “maverick” and “genius” were dirty words in Hollywood.

But he was a maverick, and he was a genius…he just wanted to make the movies he wanted to make, precisely the way he wanted to make them. But alas, the “boy genius” became enslaved by his own legend soon after making Citizen Kane at age 25.

Welles’ disillusionment with the studio system began with the release of The Magnificent Ambersons in 1942, as what hit theaters was essentially a butchered version of how he had envisioned the film. Unfortunately, he had conceded final cut in a deal made with RKO (a decision he came to regret). Adding insult to the injury of the 50 excised minutes from Welles’ original rough cut, studio heads ordered that the negatives of that footage be destroyed as well. Regardless, the film is still heralded as one of Welles’ finest efforts.

Welles adapted the script from Booth Tarkington’s eponymous novel. It’s the story of a well-to-do family whose “magnificence” (as Welles’ stentorian voice-over narration informs us) “…began in 1873. Their splendor lasted throughout all the years that saw their midland town spread and darken into a city.” This sets the tone for what ensues, which is the rotting of that “splendor” from the inside out; not only the decline of a family dynasty, but of a mannered, measured way of life whose destruction was assured by the onslaught of the Second Industrial Revolution (the price of Progress can be steep).

Criterion’s new 4K restoration is a real showcase for Stanley Cortez’s striking chiaroscuro photography, and a testament to Welles’ mastery of visual storytelling. Extras include two commentary tracks by film scholars and critics, new video essays by film historians and scholars, an excerpt from the 1925 silent adaptation of The Magnificent Ambersons, written essays, and more.

Big Money, Corporate Intrigue, Documentary, Politics

Can’t buy me love: Dark Money (*½) & Generation Wealth ()

August 6, 2018 Dennis Hartley Leave a comment

By Dennis Hartley

(Originally posted on Digby’s Hullabaloo on August 4, 2018)

If you want to know what God thinks of money, just look at the people he gave it to.

-Dorothy Parker

What is this “dark money” of which “they” speak these days? You know, “them”…all those smarty-pants news anchors and political pundits and conspiracy theorists on the internet, radio and TV who bandy the term about with worried tone and furrowed brows?

According to a new documentary by Kimbery Reed helpfully entitled Dark Money, that term should be bandied about with worried tone and furrowed brow. To paraphrase Jason Robards’ wry understatement in All the President’s Men: “Nothing’s riding on this except the First Amendment to the Constitution, freedom of the press and maybe the future of the country.” Oh…there is also a little matter of the continuing integrity of our elections.

Before you panic, I should clarify that there is a “New Coke” (New Koch?) element here. The implementation of “dark money” is nothing new. The concept of “buying an election” is deeply embedded in the DNA of our republic… it’s as American as apple pie. It’s just that the semantics have evolved. Terms like “graft” and “influence peddling” have been part of our lexicon for a long time (“a rose by any other name”…and all that).

Even the Father of Our Country played a little footsie under the table (some 30 years prior to the Constitution, no less). From a 2014 Washington Post article by Jamie Fuller:

When George Washington lost an election to the Virginia House of Burgesses in 1755, he decided to improve outreach. Two years later, he bought about $195 worth of punch and hard cider for friends and managed to win. However, the newly elected legislature quickly passed a law prohibiting candidates from giving voters “meat, drink, entertainment or provision or…any present, gift, reward, or entertainment etc. in order to be elected.”

How quaint. The point of course is that campaign finance reform has unquestionably been there all along, as well. However, the effectiveness of such legislation is perennially…questionable. One thing’s for sure…the Founding Fathers could never have envisioned the SCOTUS’s “Citizens United” decision of 2010. Also from Fuller’s piece:

2010-In Citizens United vs. FEC, the Supreme Court held that independent expenditures by corporations and labor unions were protected by the First Amendment, which struck down BCRA provisions—building on previous campaign finance laws—banning these types of expenditures.

A few months later, the D.C. Circuit Court of Appeals applied the decision in Citizens United to the case Speechnow.org v. FEC. The federal judges decided arguments that unlimited independent expenditures would lead to corruption were invalid. The chief judge noted that these arguments “plainly have no merit after Citizens United.” These two cases paved the way for the creation of super PACs and the growing power of 501(c) 4s.

Man that is some byzantine postmodern influence peddling, in contrast to a couple jugs of hard cider and a set of wooden teeth. I am aware that most of Digby’s regular readers are much more politically astute than I. But for someone like me, who doesn’t know a “501(c) 4” from a petit four…you have to literally draw me a picture.

Thankfully, the “star” of Reed’s documentary, investigative journalist and founder of the online Montana Free Press John S. Adams, does just that at one point in the film. He summarizes thus: “[Backdoor corporate campaign financing via super PACs] is not the people controlling the government. It’s a government, controlled by a corporation, controlling the people.”

Reed has found two perfect framing devices for her treatise; firstly, Adams with his mission to expose the insidiousness of elections that are (“thanks” to the Citizens United ruling) bought and sold by untraceable corporate money, and secondly the state of Montana itself, posited as the “front line” in the fight to preserve fair elections nationwide.

Montana makes a fascinating case study on many levels, from its “citizen legislature” (a unique practice shared by a handful of states), to its history of campaign finance reform (e.g. the “Corrupt Practices Act of 1912”). Rich in resources, the state has a sad tradition of being exploited by special interest groups; every level of their political system is dominated by corporate interests (not unlike many Third World countries, n’est-ce pas?).

Reed takes a few side trips around the country as well, to illustrate the many tendrils of dark money interests. For example, she points to the 2010 election of Wisconsin governor Scott Walker, whose victory was due in no small part to the Koch brothers-funded conservative political advocacy group Americans For Prosperity. Walker is also held up as an example of how crucial the control of state supreme courts is to dark money interests (pointing to his cronyism in appointing some of his major supporters as justices).

Admittedly, it’s all a bit of a downer. Still, Reed gives us glimmers of hope here and there. Case in point: Beginning in February 2019, right here where I live, in Seattle, the “Democracy Voucher” program will kick in. As explained on the Seattle.gov website:

In November 2015, Seattle voters passed a citizen-led initiative known as “Honest Elections Seattle” (I-122). I-122 enacted several campaign finance reforms that changed the way campaigns are typically financed for Seattle candidates.

One major reform allows the Seattle Ethics and Elections Commission to distribute “Democracy Vouchers” to eligible Seattle residents. Other campaign reforms include campaign contribution limits for lobbyists and contractors.

Seattle is the first city in the nation to try this type of public campaign financing. The Seattle Ethics and Elections Commission is committed to increasing transparency, accountability, and accessibility for how Seattle elections are financed.

It’s a start. But Seattle is only one city, and it’s a big country (and look who’s in charge).

If “dark money” is the antithesis of “democracy” to you, and gives you cause for concern, then this film is in your wheelhouse. Granted, if you are a political junkie Reed may be preaching to the choir, but her film is accessible enough to work for the casually engaged and/or wonky-curious voter as an easy-to-digest primer on a complex (and timely) issue.

Greed is the lack of confidence in one’s own ability to create.

-Vanna Bonta

Here’s a stupid question: Who wants to be a millionaire? Yeah, pretty much everybody. But is a million enough? And if not, why not? Why is it always “more more more (how do you like it, how do you like it?)”. And why are people who have more than they could ever spend so goddam unhappy until they can figure out a new way to make even more?

In 2008, filmmaker and photo-journalist Lauren Greenfield set out to answer those questions. The culmination of her decade-long project is a “multi-platform” release including a museum exhibition, monograph book, and the documentary Generation Wealth. This is solely a review of the film portion of Greenfield’s triptych.

Spurred by the accelerating worldwide obsession with wealth and all that it implies, Greenfield literally goes all over the map (L.A., Monaco, Russia, China) in this sprawling study. She profiles a jarringly disparate cavalcade of subjects, from porn stars and plastic surgery addicts to convicted Wall Street swindlers; people who have gained and lost fortunes, people who live beyond their means to feed their narcissism, to people who got fucked up because they were born into wealth…pretty much the entire, erm, rich pageant.

It’s a great concept, and I understand what she was trying to do, but unfortunately, the project turns into a case of the dog finally catching the bus but not knowing what do next. Adding to the unfocused approach, and glorified reality show memes, Greenfield does a 180 and turns the camera on herself and her family.

In a tangential sense, this reminded me of one my favorite documentaries, Ross McElwee’s Sherman’s March, which began as a project to retrace the Union general’s path of destruction through the South but ended up as rumination on the eternal human quest for love and validation, filtered through McElwee’s search for the perfect mate. Now, there’s one thing money can’t buy.