Michael Moore on Capitalism: 'Anti-Christian,' 'Anti-American' System

Moore: Corporate America Hides Behind American Flag

The public erupted in outrage when many firms receiving massive taxpayer bailouts doled out bonuses this year. Since October 2008, the government has infused more than $700 billion in taxpayer funded bailouts to the banks.

Moore told Moran he considers the New York Stock Exchange an "enemy of democracy" -- an inherently un-American institution "hiding" behind the American flag hanging on the front of the building.

"That's our flag. This is a great country. People died for that flag and in, behind there, they have stolen people's pensions, they have moved people's money around, they have created all of these crazy, exotic systems of credit default swaps and derivatives," Moore said. "And in all of this they have lost people's pensions, they celebrate it when the unemployment rate goes up, the Dow Jones goes up, and yet, they are literally hiding behind that flag. And it's a personal insult to me as an American, as somebody who loves this country."

Moore romanticizes the good old days in the film, which he considers the time when the rich actually paid taxes; he calls to bring the top marginal tax rate back to what it was during the Kennedy era, around 70 or 73 percent.

"I don't get too wistful for the good old days, because the good old days meant that you and I got hired before somebody who was African-American, or a woman," Moore said. "So things are better to some degree. But of course I'm old enough to remember a time where you did go to the neighbor's house to get some flour ... the doors were unlocked. There was a sense of sharing and community. And now, it's all, dog eat dog. Capitalism has encouraged us to fight each other, to scramble for the crumbs that are left on the table, for the few jobs that are there."

Business of Making 'Money Off of Money'

Moore believes that the best and the brightest college graduates flock to investment banks where they're co-opted into "coming up with complicated, exotic schemes to trade money, make money off of money," instead of putting their energies into inventions, like a high-speed bullet train or a cure for cancer, that will benefit society.

"They don't come up with any new idea. They're not inventing the next light bulb in there, or the cure for cancer. They're in there making money off of money. And then betting against that money and then turning it into some sort of strange casino with derivatives and credit default swabs. It's so destructive to our society," he said.

Moore says that our current system of finance is so evil, that it can be compared to a system like child labor, which was accepted hundreds of years ago until someone stood up to entrenched authority.

"A hundred years ago, child labor was accepted. ... People started to say, you know, 'maybe this isn't right.' ... But well-meaning people said, 'no, no, no, we understand it's a problem, we just need to regulate it. We just need to make the factories safer, make sure the kids go to school, and then it's OK if the 10 and 12-year-olds work in the factory.' No, it's not OK! Some things are just patently wrong and no amount of regulation is going to make it better."

Moore believes that the media and large corporations, who have a vested interest in maintaining the status quo, are partly to blame, having idolized CEOs' wealth and power and propagating it.

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