{"id":36247,"date":"2013-11-11T12:00:03","date_gmt":"2013-11-11T12:00:03","guid":{"rendered":"http:\/\/www.transcend.org\/tms\/?p=36247"},"modified":"2015-05-05T22:21:14","modified_gmt":"2015-05-05T21:21:14","slug":"costa-gavrass-capital-a-critique-of-cowboy-capitalism","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2013\/11\/costa-gavrass-capital-a-critique-of-cowboy-capitalism\/","title":{"rendered":"Costa Gavras\u2019s \u201cCapital\u201d: A Critique of \u201cCowboy Capitalism\u201d"},"content":{"rendered":"<p>The most recent film from Greek-born director Costa-Gavras, best known for <i>Z<\/i> (1969), <i>State of Siege<\/i> (1972) and <i>Missing<\/i> (1982), is <i>Capital,<\/i> a scathing assault on the world of financial speculation. The work is based on the 2004 novel by St\u00e9phane Osmont, reportedly the pseudonym of a major \u201cinsider\u201d in the French banking industry.<\/p>\n<p><b><i>Capital<\/i><\/b><b> <\/b><\/p>\n<p>In Costa-Gavras\u2019s film, a powerful French bank faces an internal crisis following the heart attack of its CEO. A rising star, Marc Tourneuil (Gad Elmaleh), is put in charge, because leading forces on the board think he\u2019s controllable, and expendable.<\/p>\n<p>Tourneuil has his own ideas, and enters into ambiguous relations with ruthless US hedge fund manager Dittmar Rigule (Gabriel Byrne). After promising employees on a worldwide video conference a voice in how the bank is run, the new CEO turns around and destroys 10,000 jobs, demanding and receiving a large \u201clayoff bonus\u201d from the bank\u2019s board.<\/p>\n<p>Various plots and counterplots unfold, as different factions slug it out in <i>Capital<\/i> for control of the French bank and supremacy in the global financial markets. At one point, Tourneuil, a latter-day \u201cRobin Hood,\u201d proposes a toast, \u201cWe\u2019ll continue to rob the poor to give to the rich.\u201d He also memorably proclaims, \u201cLuxury is a right.\u201d<\/p>\n<p>Eventually, a brilliant Asian expert at the bank, Maud Baron (Celine Sallette), is na\u00efve enough to propose that Tourneuil expose the illegal wheeling and dealing in a book. He doesn\u2019t take her up on that, but the notion that a zealous crusader could upset the financial apple-cart hovers around the film, as does the suspicion that a good deal of the filthiness on display stems merely from unregulated \u201cneo-liberalism\u201d or \u201ccowboy capitalism.\u201d<\/p>\n<p>That unprincipled, greedy men and women are largely to blame for a good deal of the world\u2019s problems and that they ought to and can be exposed by crusading individuals (who, an unkind critic might suggest, bear more than a passing resemblance to the figure of the filmmaker him- or herself) is a conception that seems to guide, semi-consciously or otherwise, a number of the current films on the subject of Wall Street and related issues.<\/p>\n<p>*************<\/p>\n<p><i>Directed by Costa-Gavras; written by Karim Boucherka, Costa-Gavras, Jean-Claude Grumberg, based on a novel by St\u00e9phane Osmont.<\/i> <i>The following is a slightly edited comment on<\/i> Capital<i>, directed by Costa-Gavras, which was <a target=\"_blank\" href=\"https:\/\/www5.wsws.org\/development\/en\/articles\/2012\/10\/tff8-o18.html\" >posted<\/a> <\/i>as part of the 2012 Toronto film festival<i>. The film opened in the US on October 25 [2013].<\/i><\/p>\n<p><a target=\"_blank\" href=\"http:\/\/www.wsws.org\/en\/articles\/2013\/11\/06\/capi-n06.html\" >Go to Original \u2013 wsws.org<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>That unprincipled, greedy men and women are largely to blame for a good deal of the world\u2019s problems and that they ought to and can be exposed by crusading individuals is a conception that seems to guide, semi-consciously or otherwise, a number of the current films on the subject of Wall Street and related issues.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[167],"tags":[],"class_list":["post-36247","post","type-post","status-publish","format-standard","hentry","category-arts"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/36247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=36247"}],"version-history":[{"count":0,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/36247\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=36247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=36247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=36247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}