other peoples money gregory peck

[christopherrathburn]

This says it all..whthe US was and can be great..by my man Gregorey Peck

[Philipa0]

Gregory Peeeeck!! <3

[masternate61]

is this movie worth watching?

[Rensune]

"Playing God with other people's money"

I wonder if anyone making that movie realizes that description fits Socialism...

[NicosMind]

"when the Yen is weaker and the dollar is stronger"

Oh dear. He doesnt know anything about fractional reserve banking and inflation. Money As Debt or Money Banking and the Federal Reserve are two great documentires.

Id have to see this movie again. Last time i seen it i was a kid> now ive got an education its hard to tell from two short speeches whos in the right and whos in the worng

[darthvader5300]

What really surprises me is the sheer ignorance of the shareholder's who have chosen to sell their shares in the company, their shares has value because of the company's physical existence as a physical-economic asset backing up their shares. But when they sold their shares for paper money backed by nothing, and this process is repeated tens of thousands of times in other industries, then their paper money will become eventually worthless. Short term gain at the expense of long term prosperity.

[darthvader5300]

Money by itself alone is worthless. It is only made worthy if backed by a physical-economy which is inherently manufacturing by nature and manufacturing is when you build something. Money is just a representative of wealth, a convenient means to facilitate exchange of physical goods and physical services made by manufacturing alone and is not wealth by itself. Look at nations with well managed and regulated physical-economic based economies and they are still persevering the economic crises.

[darthvader5300]

Of what use is money if it is not backed by real productivity that produces real physical tangible assets and services? Real wealth is inherently physical and tangible by nature which is accomplished by manufacturing industries and manufacturing services alone. Money is just a representative of wealth and not wealth itself, money alone is worthless if not backed by real productivity which is inherently manufacturing by nature, manufacturing is when you build things and not print worthless money.

[needstoregister]

He should have said "when the yen is stronger, and the dollar weaker". The opposite condition, which is what he said, would result in the opposite of a turn-around for his industry.

[daydaviddunn]

out sourceing

your thoughts

[gyoza007]

The bottom line is the 'Gregory Pecks' lost, and the 'Danny DeVitos' won. Just a couple of years ago the world came very close to a global financial meltdown. Blind avarice will be Wall Street's downfall.

[RushLimborg]

Peck's character IS old school--but not in a good way. From 2:15 to 2:52, he seems to have a hunky-dory, rose-colored view of "oh, don't worry about it--we'll pull through, when the economy changes in our favor."

Well...what if it doesn't?

"It WILL!"

Of course, Devito's character points out the folly of this reasoning.

[Monty1994]

Who is John Galt?

[ToonScheur]

They both has some strong points. In defence of Gregory, people are important. A socialist program is good for the economy. People thrown on the street is bad. They need a financial transition period and reschooling. Danny is right. It's just poor practice to keep something that's dead. Business is business. About greed: Corporate greed is BAD. The money will NOT trickle down. It will go to bonuses etc. Consumer greed=GOOD. that means businesses has a market.

[darthvader5300]

@ToonScheur Gregory Peck is right, all he needs is to retool the company to produce new products from it's main material, wires and cables, and that requires time and money. Danny is wrong because he knows that the company needs only to be retooled and that will neutralize his argument. Look at the iron and steel industry, from iron it went to steel, then to weathering high strength low alloy steels now in used today in many industries. Time and money for retooling and upgrading is the key.

[treeing]

D, don't use the beneath line, that's mine. T

[indianajoe219]

Both speeches are so true, but in the end Devito's character was right. It wasn't about destroying a company just to destroy it, it was about being honest with the shareholders that the company was a dinosaur in a new world. Fiber optics (advancement), dvd players (advancement) cell phones (advancement). It is simple human desire to continue to explore new and better ways of living and doing things. If not, we'd all still be living in caves. Greed is not always a bad thing.

[nitzwalsh86]

True. It's not a societal responsibility to save industries that are dying, it's a societal responsibility to transition workers, to create something new, develop new industries.

[darthvader5300]

@indianajoe219 fiber optics cannot replace copper in power cables that powers the fiber optics internet network, nor fiber optics can replace the copper in power generators used to generate power to power the fiber optics. Fiber optics cannot be used as heat dissipation fins and cooling pipes to help cool the internet equipment that sends information through fiber optics. Beryllium-copper alloys are almost unbreakable and used to protect fiber optics wires and cables.

[chad3232132]

The final speeches - by Gregory Peck and Danny DeVito still make me tingle every time I hear them. Peck really personifies the old school company owner who cares more for the long-term success of his company and employees over a short-term quick buck. Then you have DeVito who represents everything business has become in the post 1980 America - the guy looking to make the quick buck with no sense of loyalty and no long-term economic view. Simply amazing scenes.

[cameron120587]

Sometimes I think the world has forgotten this philosophy---that in order for an economy to flourish you have to make things people want and sell them, not just shuffle around paper and send e-mails.

[chad3232132]

So true. Peck's message in this speech may now be old, but it rings more true than ever in today's America. We have more or less turned from being a country that creates value to a society that produces little of real value and even destroys.

[DennistheGreat483]

@cameron120587 good point; I'm watching this at work (pretending to shuffle papers and look busy) right now.