Memo to Michael Moore and Matt Taibbi: Capitalism Rules, Like it or Not by Robert S. Becker

Bookmark and Share

By Robert S. Becker
Featured Writer
Dandelion Salad
Oct. 27, 2009

It’s hard not to like Michael Moore, our nation’s inspired, activist jester. What other unshaven, baseball-hatted, whistle-blowing filmmaker-entertainer elevates liberal consciousness while performing as media darling? What other bear-like, working class mensch amasses great wealth (but not arrogance) by mocking predatory industry and slavish governments? Likewise, admirable Matt Taibbi of Rolling Stone leverages his brash, rebellious voice as journalist-watchdog, a knight errant who punctures the painful boils of today’s diseased capitalism.

Even more astounding is how Moore and journalists now “frame” much of the left-wing critique of systemic failures. In great part, sustained prominence reflects far more financial independence from corporate octopi than mass media satirists Jon Stewart or GE-NBC employees Keith Olbermann.

Once upon a time, savvy, seniority-laden politicians – buttressed by top scientists, artists, and clergymen like Rev. King – battled the forces of darkness. Imagine, dozens in Congress taking on bad wars like Vietnam or regressive tax policy, pushing strong banking regulations, the EPA to protect endangered species – all the while advancing civil, women’s, workers’ and voting rights. But that time is over: capitalism’s most visible “critics,” like the President, are not serious, fiercely independent reformers – but corporate-friendly insiders trying to retune the engine.

Into this power void rushed unelected watchdogs, and we live in a golden age when entertainers and muckrakers inform, even counteract a few Bush-Cheney fiascos like torture and prison abuse. Unlike earlier political strategists, public watchdogs today display less organizing acumen, thus command less defined constituencies.

Take Taibbi of Rolling Stone, who exposes grievous, but often extraordinary cases, then applies his cherry-picked findings rather broadly. The result is tarring the innocent with the guilty: few companies know a hedge-fund from a hedge hog or a derivative from a standard deviation. In discussing rogue stock traders, Taibbi distorts suspect trading as prime causes of the ’08 meltdown, linking them with the super-rich, “We’re in a place we haven’t been since the Depression: Our economy is so completely fucked, the rich are running out of things to steal.” Of all people, Taibbi should know tycoons benefit from disaster, corralling beaten down stocks after busts.

A Non-politician vs. a Master?

In the same vein, Taibbi puts forward Harvard professor, brilliant economist, and Congressional TARP overseer, Elizabeth Warren, to challenge Obama in ‘12 primaries. Yet Taibbi never confirms Warren’s interest, sidesteps his pick, and talks vaguely about “someone” or some “symbol” empowering voters:

We need someone who will run on one very basic principle — the refusal to accept corporate money. That someone will have to be willing to be a symbol of voter empowerment. If someone like Elizabeth Warren doesn’t want that responsibility, well, she shouldn’t have gone into office and gone on TV making all that sense and shit . . . Because really, what’s the alternative? How can we keep voting for these guys, when they never, ever deliver?

This is stunt blogging, knocking Democratic heads with a 2X4, not serious politics: why else elevate a non-politician defined solely by what she won’t do: take corporate cash? If there’s no “alternative” because Democrats “never, ever deliver,” how would the same party’s “President Warren” outperform our skilled politician-president? Stick to muck-raking, Matt, not picking “symbolic” fights. Yes, progressives must increase leverage but not with slippery fictions: 1) only one leader can “give power” to people, 2) today’s left needs more “symbols” of reform, and 3) if only the party had better leaders.

Taibbi rants magnificently, but he’s no master strategist (nor should he be). Instead, let’s return for political mentoring to our famed anti-Capitalist, citing “Michael Moore’s Action Plan: 15 Things Every American Can Do Right Now.” The Michigan jester begins with a few modest demands:

1. Declare a moratorium on all home evictions; plus, if you lose your job, you cannot be tossed out of your home.

2. Congress must join the civilized world and expand Medicare For All Americans.

3. Demand publicly-funded elections and a prohibition on elected officials leaving office and becoming lobbyists.

4. Save this fragile planet and declare that all the energy resources above and beneath the ground are owned collectively by all of us. Just like they do it in Sarah Palin’s socialist Alaska.

Last point first: Alaskans don’t “collectively own” all energy resources; rather, healthy state refunds occur when oil prices rise. But, end “all home evictions”? Should all discharged workers be awarded homes, permanently? Should creditors (including pensioners) absorb total liability: that guarantees skyrocketing mortgage rates; the “cost of money” (interest rates) follows risk, and that severely impacts options for worthy, low-income borrowers.

Raising consciousness vs. raising solutions

Moore’s tactics are as scattered as his demands are epic: make angry phone calls; remake your local Democratic Party; find progressive candidates or, better still, run yourself; picket banks that took bailout money; and start your own media (yep, we online scribblers are saving the world). In the meantime, Moore wants us to punish bailed out banks by removing savings, dump all credit cards but one, clear our mortgages, boycott the stock market, unionize, wait out “this mess” by finding a safe, family oasis, “eat (real) food, not too much, mostly plants,” get good sleep, and read more.”

Grand tips for better living, and good ideas, here and there. Reestablishing unions is a complex task as industrialism shifts and memberships fall. Here, here! for noisy street protests, targeted boycotts against predatory firms, stirring up the Democratic Party and defying Blue Dog incumbents.

But no amount of phone calling will turn Obama into FDR or an anti-war hero. Both Taibbi and Moore depreciate how incredibly rare are great politicians, how tough the business; amateur primary challengers scare no one, indeed re-elect fatcats. Few succeed beyond local politics: wielding national power demands presence, knowledge, communication skills, money, a fanatic base, strong ideas, and seniority. Look at Sarah Palin, brimming with eros, aura and fanatics galore, even money, but right now, unelectable.

Demonizing Capitalism

Has “do-it-yourself media” yet delivered one progressive champion? Worse still, punishing bailed out banks jeopardizes public TARP loans; debilitating, family credit card debt isn’t reduced by the number of cards; wiping out mortgage interest (the great middle-class deduction) only raises taxes; and boycotting equities works for retirees, not 25 year olds facing 40 years of vicious inflation. Moore’s “progressive-sounding,” anti-capitalist headlines wither under scrutiny, injuring the wounded.

Muckraking and satire are about outrage, drama and exposure, not fixing. They are prone to exaggeration for effect – like presenting only sham TV “wrestling” as if trumping the honorable collegiate and Olympic versions. When Moore grandstands, declaring capitalism “evil,” the mere “legalization of greed,” he lowers liberal credibility. Are like abstractions, money or power, faith or religion, not just as evil because each is corruptible? Likewise, Taibbi undercuts terrific work with stereotypic bashing of all high achievers as predatory thieves, on the prowl for the next scam. Reforming bad capitalism will be tough, but we must begin by understanding the protean nature of the beast, not sensing danger, shooting arrows in the air and hoping for the best.

Note: this is part one; on the docket, a defense of “good capitalism” because that’s all we got; in short, why “Capitalism R Us” (and increasingly, billions abroad).


Exclusive: Destroying Capitalism by Gary Sudborough

Michael Moore’s Action Plan – 15 Things Every American Can Do Right Now

Rep. Barney Frank VS Ralph Nader on the Economy

The Economy Sucks and or Collapse 2

from the archives:

Exclusive: Derivatives for Dummies by The Other Katherine Harris

5 thoughts on “Memo to Michael Moore and Matt Taibbi: Capitalism Rules, Like it or Not by Robert S. Becker

  1. Pingback: “Conscious Capitalism” – Will the World’s Sole Belief System Evolve? by Robert S. Becker « Dandelion Salad

  2. Matt Taibbi is somehow ignoring the multitude of connections between goldman sachs and bp-shell, through interlocking board affiliations, through the council on foreign relations officers tied to goldman, citigroup, and aig, i.e sec. cohen and trade amb. Hills at the CGR and directors of AIG, Peterson of Blackstone being Rubins and Geithners Boss at the CFR, and at the NY fed, AIG Grenbergs research center at the CFR, and a large variety of contacts/assocations between this clique , financial policy officials in both administrations, and with the recipients of the federal bailouts. Perhaps more importanly, it appears that this clique is funded , supported , and directed by others overseas thry bp shell, and its tied to saudi kingdom holding corp and petrochina. This is more than corruption betraying the policy choices, it appears given the activity at aig prior to the crisis, to be a well prepared for action, essentially an intelligence operation by a private cliqueusing former financial, military, and intelligence officers and their organizations throughout. ue Treason. We dont know if Taibbis connections in eurasia to soros has incentived his story being spread with the corporations as the bad guys, and their owners and directors, controllers in private equity, being unnamed. Soros and Peterson of Blackstone being prime candidates for investigation.

  3. Yes, capitalism has ruled in most countries and what do we experience. There is mass starvation in a world where enough food is produced to feed everyone. Corporations pollute our rivers, lakes, atmosphere and oceans because they can make more profit that way. The energy companies spend millions on stopping any efforts to slow global warming and they hire scientists to deny it exists, just as tobacco companies hired scientists to deny tobacco was addictive. The 20th century was the bloodiest in history as capitalist countries fought each other for empire and to steal the natural resources of the Third World. Michael Moore was right when he said that capitalism is evil. He was wrong in thinking a man on a white horse from the Democratic Party was going to ride up and save us all.

  4. Pingback: Capitalist planning: we can’t find a damn job! By Roland Michel Tremblay « Dandelion Salad

Comments are closed.