Some prefer unbridled capitalism. I prefer capitalism with a bridle. Opponents call capitalism with a bridle socialism. I prefer to think of it as compassionate conservatism.
Michael Moore's new movie called Capitalism: a Love Story is an uneven treatment of the recent financial meltdown. There were two parts of the movie I found particularly interesting. He had extensive film of the recent, December 2008, sit-in in Chicago of the terminated workers at a factory that made windows until it could no longer get financing from Bank of America. The workers were not paid what they were owed and were thrown out of work just prior to Christmas. I grew up in Chicago and the film showed how close to the Loop the factory was. The Loop is Chicago's center of political and financial power. During the sit-in, a Catholic Bishop visited the strikers to voice support. He told how his life was shaped by growing up on the South side of Chicago where abandoned steel mills sit empty and the lost jobs they represent. His experience was similar to Barack's when he was a community organizer in the same area.
The other part of the movie that impressed me was a much shorter segment that showed FDR making a radio address just before his death. FDR thought that the voters should see that part of his speech so he invited movie cameras into the office where he was broadcasting. FDR proposed another bill of rights for the US in which certain rights would be guaranteed: adequate affordable healthcare, a living wage, decent housing and affordable higher education. He died before these rights could be enacted, but the US imposed these rights on the constitutions of our defeated enemies in WW2, Germany and Japan. Isn't it ironic that our defeated enemies enjoy those rights now and after more than 60 years, US citizens are still denied them?
