December 2011

Wall Street (the movie), 25 years later

Friday, December 16th, 2011

I recently watched Oliver Stone’s Wall Street again. It really is amazing how relevant this movie is in 2011, ~25 years after its original release in 1987.

This speech, in particular, is a knockout, given the recent Occupy Wall Street movement:

Bud: How much is enough, Gordon? When does it all end, huh? How many yachts can you water-ski behind? How much is enough, huh?
Gekko: It’s not a question of enough, pal. It’s a Zero Sum game – somebody wins, somebody loses. Money itself isn’t lost or made, it’s simply transferred – from one perception to another. Like magic. This painting here? I bought it ten years ago for sixty thousand dollars. I could sell it today for six hundred. The illusion has become real, and the more real it becomes, the more desperately they want it. Capitalism at its finest.
Bud: How much is enough, Gordon?
Gekko: The richest one percent of this country owns half our country’s wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons – and what I do, stock and real estate speculation. It’s bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own. We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip. We pick that rabbit out of the hat while everybody sits out there wondering how the hell we did it. Now, you’re not naive enough to think we’re living in a democracy, are you, buddy? It’s the free market. And you’re a part of it.

Watch the full speech on YouTube here.