"Stone was more equivocating. ('I think of "Wall Street" as a "Scarface" of
business,' he wrote in 2000, with 'Gekko replacing Tony Montana.') But, as with
Tony and, as in 'Paradise Lost,' the Devil got the best lines. Gekko's infamous
'greed is good' speech combines a warning against America's decline with an
attack on unaccountable, overpaid corporate managers, arguing that in a system
that promotes 'survival of the unfittest,' naked self-interest is an
evolutionary positive. Gekko later elaborates, telling his protégé Bud that the
richest 1% in America control half the wealth and make the rules: 'You're not
naive enough to think we're living in a democracy?' Thus did the movie's arch
capitalist offer the movie's most stinging attack on capitalism."
Twenty-five years after Oliver Stone's Wall Street, J. Hoberman in the Los Angeles Times discusses the cultural legacy of Gordon Gekko.
Sunday, April 15, 2012
"The Personification of Capital"
Labels:
1980s,
class,
cultural history,
economics,
Mitt Romney,
movies,
New York,
twentieth century,
twenty-first century
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