Last Friday, I went to see Capitalism: A Love Story. Michael Moore definitely delivered on his promise. At first blush, I found the movie to be very depressing. The rich get richer and the Fat Cats have their way and the ordinary folks are put upon again, again, and again..
I was stunned when Moore exposed the fact that many large corporations take out “dead peasant” life insurance policies on employees. Of course, the employees do not know about the policies and the companies cash in on them when the employee dies. The movie even showed broker advising the company that not enough employees were dying on time. The greed that caused the current economic downturn runs rampant and it runs deep. Continue reading