From Other People’s Money.
A venture Capitalist (played by Danny DeVito) was to buy out and then liquidate the profitable assets of a Wire and Cable Company. The President of the Company (played by Gregory Peck) wants stockholders to oppose the takeover bid.
Gregory Pack v. Danny Devito debate creative destruction. Economics majors rejoice:
[youtube]http://www.youtube.com/watch?v=Uundu-aPiBQ[/youtube]
[youtube]http://www.youtube.com/watch?v=MfL7STmWZ1c[/youtube]
February 27th, 2010 at 1:21 am
Great movie.
February 27th, 2010 at 1:24 am
Danny Devito’s character provides very emotionally satisfying rationales to soften the moral impact and feeling of unfairness of individuals that will suffer due to economic factors outside their own control.
This sort of clip gives me mixed feelings as the necessary imperfections of capitalism often result in unfairness, destruction and suffering. We simply don’t have any all-moral authority that could be trusted with the power to rein in human nature. Whoever replaced the power of the capitalists would introduce new unfairness, destruction and suffering.
Some people will always sink into poverty due to economic transitions, some communities will perish, and lives will be disrupted. It is much better than when hunter-gather tribes roamed the plains killing, being killed and living short lives.
February 27th, 2010 at 3:01 am
Marco Rubio: Double-billing of flights `a mistake’
http://www.miamiherald.com/2010/02/27/v-print/1502946/marco-rubio-double-billing-of.html
February 27th, 2010 at 9:14 am
I saw this movie something like ten years ago. My father was a huge fan of Devito’s argument.
February 27th, 2010 at 10:27 am
Devito’s speech ranks right up there with Michael Douglas’s speech in Wall Street, as brilliant, but all-too-rare expressions of economic reality coming out of Hollywood. Americans know deep down that wealth generation requires an intelligent allocation of resources. If Romney gets elected, we’ll know that Devito’s message resonated.
October 15th, 2010 at 2:58 am
Percocet dangers of abuse….
Is darvocet stronger than percocet. Percocet….