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 20th. (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)