As some of you might know by now, business and community development is/are areas that Aunt Toby is very very interested in and passionate about. I grew up in a little industrial town in Upstate New York – a place that ended up in the 1970s with an advertising campaign whose tag line was “Will the last person leaving xxx, please turn out the lights.” I ‘did time’ in economic and workforce development for a gas and electric utility, but that is not what I’m all about tonight.
I want to talk about the movies. My two favorite movies that deal with economic development and what I think they say to us today about the economy. And I’m hoping someone else out there has other movies that they think say something about the economy and why we are in the state we are in (and NO, you can’t use Wall Street, mention Gordon Gecco, or “Greed is Good.”).
Movie Number One: “Gung Ho”, where unemployed auto worker Hunt Stevenson (played by Michael Keaton) goes to Japan to try to convince a Japanese car company to come back to their little town and re-open the plant. Hilarity and heartburn ensue when the Japanese arrive and try to establish their operating methods with the American workers. Everyone lives happily ever after when the Japanese supervisors and American workers team up to try to fool the Japanese president who comes for a visit. “I like you; you make me laugh.”
The core of the issue in this movie is that the American workers are portrayed as not wanting to change. They want all the benefits of the operation; they also don’t want to have to do anything differently from what they have done in the past. There is no discussion about the former management of the factory. From this standpoint, the movie is a rather simplistic view of America’s industrial situation in the 1980s; however, as all generalizations, it does have a core of truth to it, which is that in order for American workers to stay employed and for American business to survive, we all have to be willing to look ahead, be flexible, be partners and change.
Movie Number Two: “Other People’s Money”, where Larry ‘the Liquidator” Garfield puts an antiquated wire and cable company in play. The speech he makes at the annual stockholder’s meeting has been voted one of the top 100 movie speeches of all time. The factory is old, environmentally polluting, and not making money. Although the owner (played by Gregory Peck), appeals to the stockholders (many of whom are workers in the plant) to vote for the community and the jobs, they vote for the money.
The core lesson of this film is – once you get past the little romantic interludes between Garfield and the lawyer for the wire and cable company – that the owners of the company basically did not do their job in terms of protecting the company and the employees by looking at what was happening in the wire and cable industry and coming up with new technologies to meet new demands. Again, the writers boiled down some issues but have found a kernel of truth of what happened in the 1970s and 80s to America’s industrial heart: you had companies which made the decision to invest…companies which made the decision to keep doing what they’d been doing for the past 50-100 years..and companies which made the decision that it was a better ‘deal’ for them to just allow the governments of other companies such as China or Mexico to make the investment in industrial training and development and move the operation overseas.
When I was doing economic development, although there was a lot of drum-beating from the ED consulting companies about workforce quality and ‘clustering’ and issues such as this, in the end, no matter what companies would say, it all boiled down to one thing: The Wanna Factor.
The Wanna Factor is what makes a company president move his company to Annapolis, Maryland so that he can be on his boat at 4:30 in the afternoon on Fridays. The Wanna Factor is what makes a company president NOT move his business out of the New York City Metro Area because his wife doesn’t want to move their kids out of their private schools and doesn’t want to give up the quality of the retail. The Wanna Factor is what makes a company president move the company because some state has made them an offer that they can’t refuse in terms of PILOT programs or free worker training or other incentives. The Wanna Factor is also the whole issue of Right to Work states. “I Wanna be THERE and I don’t Wanna be here.” It’s not rocket science or productivity or wanting to make jobs, or the workforce average educational attainment or the availability of an interstate exit in both directions.
All it is, is Wanna.
Any other movies?
(photo courtesy of OldSkool)



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Hey Toby. Did I get the Zed?
BC – if there is a Zed, you got it.
And welcome everyone!
Hey Toby!
Damn, ok.
Now to read it.
Ah, the Egregious Person is here. You know, I tried to get a Youtube for this but all of the embed stuff..has disappeared. Suit?
Toby,
Granted that shareholders have a self-interest in watching what the company is doing, the read fiduciary duty there belongs to the Board of Directors. But Boards of Directors are often more interested in taking care of each other than taking care of the Corporation.
For illustrations of this principal, see Bush, George Walker during his tenure on the board of Harken Energy. Or Bush, George Walker during his tenure as a partner in the Texas Rangers of Major League Baseball.
Two piece or three piece suit?
Hi TW!
I rarely go to the movies, and usually when I do it’s for escapism, so I don’t have examples to contribute. But it’s a good idea to point these out and discuss them.
Well, one of the massive changes is the primacy of ‘maximizing shareholder value” – I think this is one of the things that turned the whole thing into a game for a lot of these folks.
has to have a vest and two pair of pants, but I think someone (viacom?) sued, threatened to sue?
Evening, eCAHN -
If I recall, you had another column about our failure to train students to take existing jobs – this used to be a generational responsibility, to train younger folks. Whatever happened?
Trading Places, perhaps?
The NUMI plant in Fremont CA just closed, and was exactly the topic of your film one.
What is interesting, is it was the only other Toyota plant outside of their Lexus division to ever score 100% on quality. And that was the most unruly of GM plants in the 80′s that they tried the “Japanese experiment on American workers.”
Maximizing shareholder value makes sense in light of corps being people. It seems to be the ONLY ‘value’ left in the U.S.
What happened is that American business decided that they were not in the training business and that it was someone else’s responsibility to serve them up trained workers. That is one of the primary reasons why the only apprenticeships we have in this country now are through the trade unions.
I’m not convinced that ‘maximizing shareholder value’ describes it adequately. It would be interesting for some social network theorist to take the Boards of the Fortune 500 and figure out how much (in reality, how little) separation there is among them.
I think it’s the insider’s club taking care of each other.
maybe we could watch “The Matrix” there is no economy
Youtube redesigned the pages! So if you look right underneath where the # of Views is, you’ll see “Embed.”
And what was toyota’s excuse for closing the plant? Did they blame it on the union? And where is the work going?
Well, *I’m really behind the times on shareholder value – my training said that there was no such thing as ‘insider information’ and that the price of the share was a direct reflection of the quality of the management. We know now that the price of a share of stock has practically no relationship to the quality of management, the profitability of the company, or what they are actually doing. corning, Inc. is a good example. When management is incented on the basis of share price, everything else sort of goes into the can.
It’s GM’s excuse actually. They’re taking the charge to take it off the books to enhance their ledger position vis-a-vis the bankruptcy.
Obviously I’m not spending enough time on Youtube.
Ever see Brazil?
You know, when I was just a recovering accounting, we were still discussing ‘human resource accounting’ where employees would be actual assets and put on the balance sheet. That’s a concept that never took off unfortunately. GM would have to take more than the building off the books if they did.
If I did, I don’t recall it.
Giving management incentives on the basis of share price is stupid. Of course, we’ve learned this the hard way (by trying it and finding out that it sux).
Management incentives based on growth are also stupid, because you can’t maintain exponential growth indefinitely. I don’t know how to give management incentives, but those two ought to be off the table.
Wal*Mart (and others) have done it, by buying life insurance policies on their peones.
Nothing self-serving about that concept. /s
please let me me apologize for being a dork
You might start by just treating management as employees, which is all they are. Then, like other bureaucracies, they get compensated on their grade level or title.
Well, I’m not sure that you can just give some sort of blanket “incent management thus and such a way” – I think that each company’s reason for being requires a unique incentive – like, Corning, Inc.’s board knows that the company’s survival depends on having new products all…the..damn…time. So they expect a lot of money to go into R&D and expect management to show development that way. (and no, I don’t work for Corning, Inc.)However, wall street does not reward Corning, Inc. for that. As a matter of fact, Corning, Inc. has not really been rewarded for much for the past 6-8 years at all.
Accepted. Carry on.
Wasn’t Corning one of the stocks that got busted in the dot-com debacle? Run up on the fiber optic bubble, and the rest is history. Too tired to look up a chart of the stock price.
Works for me.
The new President of our U is getting about 6 times what the median faculty member gets. She gets about 20 times what a janitor gets. Myself, I think she’s overpaid. But relative to what a CEO gets from her buddies on the BoD, our Prez is a lot closer to fairly paid.
And Toyota’s too deep in the cesspool to take over the plant?
U prez job is fundraising. I can see compensating them on their success at that. Is she a good fundraiser?
Toby you made this movie game tough, taking out Wall Street But I got one for you:
“The Death of the Individual” speech from Network
Corning had always been a solid $60 stock and then they developed a special fiber optic fiber for cables, thinking that with the change in the telecom rules, they’d sell a boatload to all the new CLECs coming on line. then the analysts said that there was a glut, so the stock which had gone from $60 to $300, split to $100, crashed to about $1.50. A lot of paper millionaires had to change their retirement plans in that period. The stock is hovering now int he $18 range as I recall. It’s still a very good company with great products in all sorts of areas. But no love from Wall Street…which is why the price is $18 and not $60.
Evidently.
She hasn’t been here long enough to tell. She didn’t do too terribly well at this year’s Legislative session.
you know, the only thing I’m familiar with in that is the “mad as hell’ speech. I’ll have to listen to this later. thanks.
Yeah, that’s the one.
My guess is that no state U prez did well with legis this year. Does she do private fundraising? Also a difficult year for that, but there should be some metrics.
U prez of SUNY-New Paltz, where I was on the foundation board, is very modestly compensated. Makes something around $100,000 and foundation supplements that. But as I recall, you are at a much bigger university with a very big foundation. (Don’t know why I think I know that.)
Brazil (1985)
Terry Gilliam’s Movie Brazil – Plumbers’ Nasty End
Enjoy,g’nite.
Isn’t it weird how true that movie is 35 years later?
I’m at a much bigger University (New Mexico State), but our Foundation is anything but very big. We have a VP for Development who is the Beggar-in-Chief, but the Prez is involved in fund raising.
The only public U presidents who did at all well this year are the ones in Texas (of all places). The Texas Lege somehow managed to realize that higher education is countercyclical and that cutting it is counterproductive.
This is going to be a stretch, but bear with me; I’ve been watching the Jamie Oliver Food Revolution series and the most recent one really struck me. He gathered up a group of teenagers and started giving them cooking classes and talked about having a restaurant in London where he trains 15 kids a year so that they can get jobs. It hit me that in the US, kids who drop out of school or who don’t succeed in an academic setting have nothing to turn to. Everything here is based on having some sort of paper certification or diploma or something. Jamie Oliver actually never graduated from high school; he’s dyslexic and the only place he ever found success was in the kitchen of his parents’ pub. But no one in the US trains for anything – you never see an ad for ‘entry level’ cook, or welder, or machinist – everyone requires some sort of certification. It’s another example of American business being unwilling to invest.
If it’s $18 now, on a presplit basis it would be $54, no?
Another example of the Wanna factor:
Major company got a new president, and his wife didn’t want to have to drive an hour or so to the Big City to go to the opera or the symphony.
So she got him to move the headquarters to Chicago, where they’d been living for some time. (The city they moved the headquarters from is in Silicon Valley: they really missed out on things.)
Yep.
Ah…you’re right; I had forgotten about that.
Wow. TX? You just knocked me down. Would never have expected that from TX.
The prez of SUNY-NP has been in place for nearly a decade now. The foundation increased substantially during his tenure, from nearly nothing, to almost something.
There are some Union apprenticeship programs. Not nearly enough of them, though.
So there! *g* (Even as tired as I am [not used to bicycling & working outside this spring yet], I managed to do arithmetic.
If NMSU could turn its land-and-water endowment into cash, we’d be in the Ivy endowment class. Our administrations haven’t seen fit to try to appropriately develop that resource.
The utility I used to work for got a new president from another utility in a much larger city. His wife refused to move to Upstate NY and they moved to Long Island. He also moved the annual meeting down to New York City. He also used the money from the sale of the generating plants to buy up several other regional utilities, combined them, fired/retired/let go 2/3 of the employees, moved most of the jobs out of state and is now extremely comfortably retired since he sold the holding company to a totally different energy company. He didn’t really WANNA be the president of the utility he was recruited into – it was just a means to a very personal end.
I wouldn’t know about that.
Good article Toby. I can tell you where most of those owners and CEOs came. The Sun belt.
What I saw, and others may differ, as I watched the Atlanta bankers and politicians and bloom like magnolias on all that New England money coming south seeking and finding non-union labor and exorbitant low land costs and tax breaks from all the rural counties. Those management folks couldn’t believe how high they could live and how low was the workers standard of living.
But some good things happened and there was some rising tide lifting of all boats. So everyone thought things were great and would go on forever.
But then the owners discovered Globalization and NAFTA and CAFTA and the downsizing and outsourcing began, really in the eighties.
Now Georgia has had one of the highest number of bank failures. Our great governor’s plan for growth is to promote us as a tourist destination. He cut school funding, repealed homestead exemption and is putting millions into a Go Fish program to entice bass fishing tournaments and race tracks.
So the chickens have come home to roost and you can feel a modicum of revenge.
Good article LINK HERE on the history of our economy the past 100 years or so.
Boiler Room.
On Brazil, be sure you watch the director’s cut. There are some other cuts out there that are crimes.
Exactly – UNION. Not company sponsored. I used to work with companies in workforce development and the HR people actually told me that they expected to have trained workers presented to them much like walking down the aisles in a supermarket. “I’ll take one of those and one of those …” They whined tremendously about the lack of trained this or that, but would not participate in any way toward coming up with training programs, even when they would be offered by the regional voc techs or community colleges. they expected trained workforce to be handed to them.
And the Board of Directors allowed all these shenanigans?
What was their payoff?
Aaah. Financial engineering. There oughta be a law.
uhm I’m thinking of the movie with Gene Wilder and Richard Pryor where thy foil a couple of wall street a$$holes cornering markets
I would. I do.
The point was made by our last President, who said doing that was a primary goal of his presidency. He’s gone now.
Quick correction about Other People’s Money (a movie I showed in the high school econ class I used to teach): New England Wire and Cable was NOT a polluting plant, that’s one thing that made it attractive. Larry the Liquidator would not want a company that has potential environmental liabilities because it could potentially ruin the return.
Heh. Although not a “money” movie, Dangerous Liasons might well describe the CDO crowd betraying each other at the casino.
Well, let’s see now..one board member seemed to get a very large contribution to his foundation on a regular basis out of it; one board member appeared to get one of the abandoned company buildings for her campus…there were a lot of very weird things that went on.
Welcome to Late Night, adamburnside.
Speaking of unions, Norma Rae.
I disagree: I just watched it again tonight; every shot of the plant shows black smoke belching out of multiple stacks.
I’ve been a toolmaker for fifteen years and know what “nafta” has done to effect the manufacturing economy. not everyone can be an economist or wants to work in the ‘service’ economy
See my 18, Toby.
The insiders taking care of each other.
ok, folks; I very much appreciate everyone’s joining in, but I’ve got to head out. Carry on.
I think the economy was stolen by Wall Street. They forwarded the profits like Enron contracts did booked as earning though earnings occur every year. So a decade of earnings have to be recovered before the economy return to full employment.
I invite you to watch Food Revolution.
http://www.hulu.com/jamie-olivers-food-revolution
they are, they really are in lots and lots of cases .. not all of course, there still have to be winners after all.
!8]
Great movie! But don’t get started on Zeitgeist pieces.
Certainly, corporate management has performed, for the most part, in a manner that is less than above reproach; but, the primary reasons for the de-industialization of this nation may lie elsewhere.
Aww, come on! It was so tempting, yanno, all that Versailles on the Potomac that we got going on!
Very well – I’ll desist.
Thanks BCT for what you do, I liked sadistics in college. I guess i’m one of those into S&M, but certainly not a Rethuglican
To quote Larry:
“Any lawsuits?
Any environmental bull#$%@?
You throwing your garbage in the water?
Of course not. Not you.”
There was a similar trend in engineering and computer science. Companies wouldn’t hire people who didn’t have the specific experience they were after, even if they had something related and could be sent to courses to get up to speed. They’d just try to hire the few folks who had the experience already.
Product cycles are often so short in the computer and electronics fields that it’s sometimes difficult to do otherwise, but you can never discount the laziness and risk-aversion of bosses in those decisions.
also, I thought “trading Places” was many things, among them the immense possibilities of insider trading, and shadow intelligence agencies. (see oil:Nigeria:futures)
also was a great statement on the power of a corrupt police force.
… and of course all the rest .. overall, Great flick.
Thank you.
I had a nameplate on my door for awhile that read “Associate Professor of Sadistics”. It was a gift from my grad students one term. A humorless Dean came through and saw it and told me to remove it.
‘Humorless dean’ Isn’t that a redundancy?
D’oh!
Up in the Air. 20 years from now, if we make it, this will be one thing to help younger folk understand what it was like.
Oh, let’s see. I’ve been in this business for 23 years now. In all that time I’ve known three Deans who actually had a functioning sense of humor.
The funny thing is that they are the three really effective Deans I’ve known in my career.
Have you run a regression to see if humor is a significant variable? If so, what was the t-stat? *g*
I was thinking of that movie, too. There are so many people who spend months on the road every year. Clooney’s character was just a slight exaggeration of people I’ve known. Heck, there were years when I spent months on the road. And yet there always seemed to be people who were away from the home office even more than I was.
lol humorless dean, like ecahn said isn’t that an oxymoron
I traveled about one-quarter of the time. It was just right for me. But then, I was making presentations, so everyone had to listen to me. Made up for the fact that almost every U.S. city looks alike.
You know I’m kidding, right? It’s just that there are so many, and I think I’ve seen them all.
Just over at IMDb checking out Other People’s Money (turns out that I have seen it, and it was good enough that I probably will again), and a commenter there reminded me of some others. Two I’d already thought of: Office Space and Glen Garry Glen Ross. And now that I’m reminded, The Solid Gold Cadillac, Secretary, Nine to Five, and [especially] The Apartment all really nail some part of the, um, zeitgeist, with a focus on the business world.
think the t value would be statistically significant if we “poll” the installed heads of the administrators
Nah, insufficient data base. And it would have to be a quantal model (e.g., logit or probit).
It’s probably heretical for me to say this, but not every problem is well addressed through statistics.
A lot of them would be better defenestrated than polled.
BCT, trying to prove that I’m a loyal here, a lot of times can’t/won’t comment unless its late nite
[gracious, how would y'all instrument that?]
“defenestrated” is that like de balled?
Early in my career, I ran so many regressions, I ran out of personal degrees of freedom. (One of my non-evidence based beliefs is that every statistician is born with a quantity of degrees of freedom, and when they run out, the rest of their work is garbage. For some, the birth endowment is zero, so their first regression is already garbage.) It was historic accident that was the approach used by my boss in my first job in economics, so I got really good at it. Eventually I grew up and discovered there were other methods, some of them even honest, of analysis.
Facts not in evidence.
yeah ecahnomics, I was born into an absolute zero degrees, now I’m less than that now. thanks to New’ts contract on amerika
Aren’t you thinking of “Trading Places” with Dan Aykroyd and Eddie Murphy.
I’d use a broken consort, probably viols and shawms.
Defenestrated means tossed out a window…
That’s an interesting concept.
My dissertation advisor joked that we should all have a personal career-wise (Type I) error rate.
[Throw the man a soft lob and he slams right back!]
sorry, i’m not sure what you mean. I do understand facts but I thought “late night” didn’t have the same constraints as as the normal FDL
Three months a year was about my limit. It used to be more fun when air travel was less about making people do ridiculous things for no reason, but it still got old after a while. Plus, I tended to go to the same places pretty often, and they weren’t generally all that fun to spend one’s leisure time in.
One of my group’s high school sophmorisms was asking (usually) girls with less vocabulary, Qs they thought embarrassing, like: Have you ever defenestrated? When did you start matriculating?
Thank you, I totally drew a blank
Have you eschewed obfuscation?
I quit defenestrating around about the age of 55.
Aha. One of my favorite concepts. Type I and Type II errors. Agree that the Type I error is the more common. If you have an hypothesis, and find the slightest bit of evidence, it must be true. Like the physicist’s proof that 12 is evenly divisible by all integers less than 12: 1 goes into 12 evenly, 2 goes into 12 evenly, 3…, 4… Let’s not get ridiculous. Often in economics it’s 1, let’s not get ridiculous.
Never!!! That would be a mortal sin.
oh crap it was Dan Akroyd, geez I am a dork, sorry
Geez, I was a lot younger.
Or better still: Not yet. What does it taste like?
Aha. One of my favorite concepts. Type I and Type II errors. Agree that the Type I error is the more common. If you have an hypothesis, and find the slightest bit of evidence, it must be true. Like the physicist’s proof that 12 is evenly divisible by all integers less than 12: 1 goes into 12 evenly, 2 goes into 12 evenly, 3…, 4… Let’s not get ridiculous. Often in economics it’s 1, let’s not get ridiculous.
I kinda remember. Please don’t have a quiz
Another movie that at least serves as a metaphor for the decline of American industry is Reckless. It was about two kids about to graduate from high school in a mid-westy steel town. They live like people who don’t think they have a future. One is asked where he wants to be in a few years. His response was “anywhere but here”.
My defenestrator’s in the shop for a tune-up.
Stale, musty and musky.
Definitely an acquired taste.
He’d better act quickly before that off-shore drilling thing-y kicks in.
I’m impressed. I hope my undergrad students can remember that there are two kinds of errors at the end of the term, much less years later.
A personal observation that has always puzzled me. I graduated from a big public HS in Buffalo at the peak of its manufacturing economy in 1962. None of my friends went into mfg, not even management. How did we know that was not the future that early?
On a different tack, Deer Hunter showed the dismality of the mfg economy in 1978.
Oh comeon. If there’s a Type I error, it stands to reason that there is at least a Type II. Perhaps on one of your quizzes you should ask the definition of a Type III error. Bet you’d get a lot of good belly laughs.
Maybe enough generations had done it and it was no longer “what you did”. I think it was our generation that started the moving around the country thing. Well, except for the wagon train era.
With the grad students, they might — if they aren’t from someplace like Psych (where they’ve tried to define a Type III error).
With undergrads I don’t introduce the jargon until the end of the discussion (and then I downplay it seriously). It’s Rejecting a True Null Hypothesis and Not Rejecting a False Null Hypothesis. That’s how I want them to remember it…
eCHAN, I graduated from high school in 1962 as well.
Don’t be impressed, that’s a little I remember ’cause I tutored statistics for the social sciences, a 200 level class (you know freshman/sophomore)
With undergrads I don’t introduce the jargon until the end of the discussion (and then I downplay it seriously). It’s Rejecting a True Null Hypothesis and Not Rejecting a False Null Hypothesis. That’s how I want them to remember it…
oops LOl
You learn things differently when you have to teach someone else… that’s why you remember it.
Recently saw Matt Damon in the Informant about the price fixing scandal at Archer Daniels Midland during the 90s. Movie itself was meh.
oh crap what happened to -” if they arent from someplace like Psych”
My friends mostly went into professions, a few into arts. (Here’s the most famous example of the latter.) Which is a normal progression in an upwardly mobile economy. Still, I don’t think a lot of my HS classmates put working in a mfg plant on their goal section of senior yearbook. And I should know as I and another girl were in charge of assembling that section of the yearbook. Can’t tell you how many hours we put into that, before computers.
Oh, leave it to the Psychs to do that!
anyhow thanks for the words of encouragement bct sorry to disrupt serious blogging
Lot’s of older DFHs here. I wasn’t ever a DFH back then, but now it’s impossible not to be one.
Ain’t that the truth. That’s another reason I enjoyed making repetitive presentations so much. I really learned the material. And unlike college profs, everyone I talked to had an opinion on the economy, so I got tested a lot in Q&A. Which further helped me master the material. However, I rarely got a challenging Q (sometimes got Qs that went outside of what I knew, which I acknowledged but those Qs were often peripheral issues). I was usually a more critical listener to my arguments than my audience, so I would often come back from a trip with self-generated areas for further investigation. Quite a healthy intellectual exercise.
thanks to you too, with massacio among many, of us “psychs” who didn’t understand economics on the nat’l level, to realize the pile o’crap we are in.
Good night folks.
as me moniker implies, a (gen x) born in 1966
I’m sure you’all dont care
Think my second wind is running out.
Night all.
goodnite bct, love ya
goodnite ecahn, i admire you
Much too late drive by: Re: Movies w economic substance
“Milagro Beanfield War” from book written by John Nichols. Movie used as vehicle for Hollywood “magic realism” which detracts from Nichols’ presentation. Message: speculation + money > economic need met by traditional practices. The book is hilarious, the movie not so much.
I’m glad to hear someone else making these observations. The saddest corporate raiding to me was the West Point linen manufacturers. All that equipment and all those jobs shipped overseas. No more towels made just 60 miles away, but lots of newcomers moving into Buckhead mansions.
or there’s this
http://www.newheadnews.com/harpersGeoghegan/index.html
A great film examining business vs humanity is Kurosawa’s ‘High And Low’ from 1963 and starring Toshiro Mifune. Mifune plays a wealthy industrialist who’s son is kidnapped. Except that the kidnappers grabbed the wrong kid, not Mifune’s son, but his chauffeur’s boy. What then transpires is a dramatic examination of the nature power and powerlessness and how one can possess both at the same time. It’s really good. Smart and empathetic.
I guess one can’t call these “movies” but you’ll find the two most revealing recent documentaries about the US and World economy here – http://www.zeitgeistmovie.com/. What is impressive is that the first documentary (“ZEITGEIST: THE MOVIE”) was released in 6/25/07, way before the meltdown began. Note that the first part of the documentary covers origins of Christianity and if that disturbs just skip to the next parts. There is something for everyone there.
I guess one can’t call these “movies” but you’ll find the two most revealing recent documentaries about the US and World economy here – http://www.zeitgeistmovie.com/. What is impressive is that the first documentary (“ZEITGEIST: THE MOVIE”) was released in 6/25/07, way before the meltdown began. Note that the first part of the documentary covers origins of Christianity and if that disturbs just skip to the next parts. There is something for everyone there.
What’s bizarre about all this is that just this morning I’m watching an old science fiction movie called “They Live” made in 1988. I shows a near-future America where industry has closed down and people struggling to find work live in tent cities. The rich elites run everything. One day a laborer comes across special sunglasses which reveal subliminal messages everywhere: watch TV, don’t think, consume, eat and sleep, obey…. And the ruling elites turn out to be aliens taking everything for themselves while turning people into slaves. Funny how this is no longer science fiction.
Some older ones…
“My Man Godfrey”
“Middlemarch” (not just business, but health-care related, too)