Traverse City Record-Eagle

Life

August 11, 2013

Loraine Anderson: My 'great movie' is ... a teacher

The theme of the Traverse City Film Festival a week ago was “One Great Movie Can Change You.”

For me, that festival movie was “Inequality for All,” a movie I like to think the 88-minute documentary could change a lot of lives, attitudes and our understanding of complicated American economic policy.

It is a film built around “wealth and poverty” classes taught by former U.S. Secretary of Labor Robert Reich, an economics professor at the University of California, Berkley, author and political commentator. The filmmaker, Jacob Kornbluth, usually works in comedy.

It’s an informative, engaging and entertaining documentary with a thread of gentle humor running through it.

It breaks down a complex American economic reality into a simple terms that regular folks can understand and maybe do something about. There is no rant here, just an attempt to educate the public on the complicated disparity between the nation’s few wealthy elite, a shrinking middle class and the growing poor.

Education is power.

Robert Reich is a knowledgeable, well-spoken and funny man. He offers a riveting and clear explanation of how and why America’s middle class is shrinking — getting smaller piece of America’s economic pie — while the nation’s wealthiest people are getting bigger and bigger portions.

Recent research indicates that the country’s 400 wealthiest people own half of the nation’s assets, he said.

It is clear in the film that this 4-foot-10-inch economist is a giant in his concern about that disparity and the way too many billionaires, millionaires, lobbyists, and congressional delegates have disconnected from the middle class and poor.

The disconnect is dangerous for both the economy and democracy, he said.

It is middle class spending that creates jobs and fuels the economy, not the so-called rich “job creators.” Seventy percent of the economy is based on middle class spending. The economy can’t grow if middle class doesn’t, or can’t, buy goods. Middle class wages have been declining for decades, now good-paying jobs and benefits are vanishing.

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