Michael Moore's 'Capitalism: A Love Story' DVD Extra Preview - Bank of North Dakota

To check out the full Bank of North Dakota DVD extra, preorder 'Capitalism: A Love Story' on DVD: http://tinyurl.com/dvdcals

Check out this great piece from the Associated Press on the Bank of North Dakota:

http://www.michaelmoore.com/words/mike-in-the-news/why-americas-lone-socialis...

More 'Capitalism: A Love Story' clips coming to http://www.michaelmoore.com

Category:

Film & Animation

Tags:

• michael
• moore
• capitalism
• love
• story
• wall
• street
• state
• bank
• of
• north
• dakota
• socialism
• financial
• crisis

[thoughtsurfer1]

We need a United States Public Bank, run by officials interested in the public good and not corporate greed.

[southparkfan2717]

We need more banks like that.

[tomstee]

Great stuff. We are organizing for a public bank in Illinois! Google Illinois Public Banking.

[Thor17]

@Thor17 Correction to last paragraph, EXPORTS, not GDP. Source: CIA World Factbook 2010.

[Thor17]

@hoiiooiiooiiooiiooii What you describe is a communist country, not socialist. The word socialist is misused. Go to prosperity (dot) com. The top nine countries by many people's definition would be called 'socialist', with universal health care, and subsidized or free college/university education. Yet, these countries come out on top and also have the happiest citizens.

Germany (82 million) is number 2 in the world for GDP (behind China, 1 billion people). Not bad for a socialist country.

[MrJohngalt2011]

@thoughtsurfer1 Have you ever heard of a credit union?

[MrJohngalt2011]

@barnabas001 ND unemployment has ZERO to do with its banking. It is called OIL that is driving unemployment. And this bank is called a credit union. we have those in other states. dude - wise up.

[barnabas001]

The key here is that this state bank only makes sensible loans, including to city and local governments, at low or no interest. The interest that is earned goes directly back into the state's coffers for the general fund and further investments in the state's economy. This is why North Dakota now has lower unemployment, a budget surplus, and less dependence on Federal funding.

[Force666666]

@hoiiooiiooiiooiiooii Nobody's suggesting the end of private enterprise,but only an option for those who would also like a state run bank that shares the money with the community as opposed to simply allowing rich bankers become more wealthy.If you choose to place your money in a private bank you can do so, but anyone wishing to choose a state run bank to handle their money doesn't have that choice in most states.Freedom of choice is not socialism and right now it is choice that is unavailable.

[hoiiooiiooiiooiiooii]

@creamaster Still, I believe capitalism is better. Socialism encourages people to be 'average', capitalism encourages people to make progress. When you invent something in a socialist country, you'll get paid just as much as a lazy employee, but when you invent something in an capitalist country you'll owe the credits.

[creamaster]

@hoiiooiiooiiooiiooii A little more, yeah. Your argument sounds more like you're arguing against communism. Poorly.

Nazi Germany: Dictator

Stain/N.Korea/Cuba: Communism

Canada: Socialism (and, as you point out, much of Europe. though far as I've read, people have been going to India or Costa Rica when they need urgent good medical attention - including Americans who can't afford it in America.)