Capital in the 21st Century

The geometrics of poverty.

(2019) Documentary (Kino-LorberThomas Piketty, Kate Williams, Suresh Naidu, Bryce Edwards, Rana Foroohar, Joseph Stiglitz, Ian Bremmer, Francis Fukuyama, Lucas Chancel, Faiza Shaheen, Paul Mason, Simon Johnson, Paul Piff, Gabriel Zucman, Gillian Tett. Directed by Justin Pemberton

 

Okay. So it’s not exactly news that there is a massive disparity between haves and have-nots in this country, and the middle class – once the backbone of American prosperity – has been shrinking at an alarming rate until, now, it barely exists. In this country, to quote Midnight Oil, the rich get richer, the poor get the picture.

And in case they haven’t, economist Thomas Piketty presents it very clearly for them hear. Base on his bestselling book which may be the biggest selling economics book since Karl Marx wrote Das Kapital, the book and the movie it is based on explains why the rich get richer and how the deck is stacked against the rest of us. It is a moment in time where that has been displayed clearly by the coronavirus; it infects everybody regardless of the size of their bankbook, but the poor, who haven’t been able to afford decent health care, have been hit disparately harder than the wealthy.

Piketty warns that the conditions that gave rise to Marxism are returning again, with a massive concentration of wealth in the hands of the few, social mobility becoming nearly impossible and nationalism and fascism both on the rise. The baby boomers may be the last generation to reasonably expect to have a better life than their parents; it is nearly impossible to do now – unless you are part of the one percent.

Piketty leads a parade of economists, historians and sociologists in interviews that show how the privileged classes manipulated the hearts and minds of the poor, demonizing any sort of program that would actually help them – including breeding a mistrust of education – and creating a stigma over any social program, linking it with the dreaded socialism *shudder* which is, of course, anti-American, right? Welllllllll…

New Zealand-based director Pemberton laces the film with plenty of pop culture references, from a hit song by Lorde to clips from The Grapes of Wrath and Elysium. In one of the more fascinating sequences, UC Irvine professor Paul Piff details an experiment in which two students were randomly selected to play Monopoly. A roll of the dice gave one player the role of the rich player, and the other the poor player. The rich player was given hella advantages, including more cash to begin with, the ability to roll two dice at a time (the poor player could only roll one) and more income every time they passed Go ($200 to the poor player’s $100). An interesting thing happened; the rich players grew arrogant and cocky, attributing success to superior game play rather than the nearly insurmountable advantages they were given. Gordon Gekko opined that greed is good and maybe it is (although evidence says no), but it is certainly ingrained in nearly all of us.

While there are some solutions offered – many of which were put forth by Elizabeth Warren during her Presidential campaign last year – they are unlikely to be enacted by politicians who are largely in the pocket of the super-rich. I would have liked to have seen the same kind of analysis given to the solutions as there was to the problems, which aren’t exactly breaking news. For those who believe that the rich are superior to those who don’t have money, there is the specter of the French Revolution – which is what happens when people have nothing to lose. We are rapidly getting to that point not only here in America but all over the world. Those who refuse to learn from history, after all, are doomed to repeat it, often to their great regret.

The movie is currently available through Kino-Lorber’s virtual cinema program which benefits local art houses. Although the Enzian currently isn’t one of them, Floridians wishing to check out the movie and benefit local art houses have four to choose from; the Tampa Theater in Tampa, the Sun-Ray Cinema in Jacksonville, the Coral Gables Art House in Miami and the Tropic Cinema in Key West. Click on the picture for more information.

REASONS TO SEE: A fairly sober explanation of how we got to where we are.
REASONS TO AVOID: There isn’t a lot of analysis of where we go from here.
FAMILY VALUES: The content is definitely not for the young.
TRIVIAL PURSUIT: Based on the bestselling non-fiction book by Piketty, which has sold more than three million copies worldwide to date.
CRITICAL MASS: As of 5/4/20: Rotten Tomatoes: 96% positive reviews, Metacritic: 74/100
COMPARISON SHOPPING: Freakanomics
FINAL RATING: 6.5/10
NEXT:
My Darling Vivian

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.