Re: [Pen-l] Re: Capitalism Hits the Fan documentary film

[Jim Devine <jdevine03@xxxxxxxxx>]

sounds like a good film. Where did the stuff about Hawaiian shirts come from?

On Tue, Mar 24, 2009 at 12:27 PM, Rick Wolff <rdwolff@xxxxxxxxxxxxxxxx> wrote:
>
>        With some deft repartee, the film was criticized on this list for
> the alternative it offers. Something having to do with Hawaiian shirts. The
> film actually critiques the now mainstream solutions of more or less
> Keynesian vintage, the reregulation nostrums now also fast becoming
> mainstream, etc. It makes the following simple two points: (1) that these
> mainstream solutions (like those of their predecessors in the New Deal) all
> leave in tact corporate structures with their decision-making boards of
> directors responsible to the tiny numbers of major shareholders, and (2)
> that such boards have the incentives to evade, weaken, or undo those
> solutions when and where they constrain profits and also the resources
> (corporate profits) to realize those incentives. Perhaps, the film aims to
> suggest, the failure to control let alone prevent capitalism's instability
> as expressed in crises large and small (and the immense social costs
> thereof) has something to do with exempting that structure of enterprise
> from question, let alone radical transformation. The film offers a brief
> sketch of an alternative structure of enterprise and reasons why it would
> not have made key decisions leading to this latest capitalist crash.
> Granted, there is not much about Hawaiian
> Shirts, but then again, the film has something to say.
--------------
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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