So
today I have spent some time looking at a compendium of movies themed on the
American workforce and have come up with my own list of films that I would
program for Labor Day if I had my own TV channel. My list is divided into two groups: (a) films about white collar, management, entrepreneurship,
or stock trading and (b) films about the blue collar and skilled labor
force. I make the distinction because
they make for two completely different kinds of storytelling and because I
don’t go along with the Oliver Stone view of economics that white collar
professionals and management do not contribute to prosperity since, in his view
and paraphrasing from his film, “Wall Street,” they (specifically those who
work in the stock market) don’t actually make anything, don’t actually produce
anything.
I
believe that white collar and blue collar workers both make essential contributions. While it is quite true that blue collar
skilled workers are the ones who actually make the products that come out of
our factories, it is also quite true that white collar workers, management, entrepreneurs
and particularly the stock traders are the ones that create the capital that is
used to build and operate the factories where those products are made. Quite simply, my view is that neither group
can exist without the other and it has always been a concern to me that as a
society we like to pit the two against each other.
With
that said, here is my list of the best films that have been made about the
American worker:
WHITE
COLLAR:
Jerry
Maguire, Joy, Office Space, The Pursuit of Happyness, The Social Network, Wall
Street, Boiler Room, Enron: The Smartest Guys In the Room, The Devil Wears
Prada, Tucker, Glengarry Glen Ross, Erin Brockovich, Inside Job, Trading Places,
Up In the Air, Barbarians at the Gate, Other People’s Money, Working Girl, The
Intern, The Solid Gold Cadillac, Executive Suite, The Money Changers.
BLUE
COLLAR:
Norma
Rae, On the Waterfront, The Devil and Miss Jones, The Grapes of Wrath, 9 to 5,
North Country, Killer of Sheep, Modern Times, Roger and Me.
SPECIAL
NOTES:
You
will note that there is a very broad mix of drama, comedy, satire, and tragedy
in these titles. I would like to make
special comments about four of the titles:
Other People’s Money, The Intern, The Solid Gold Cadillac, and The Money
Changers.
Other
People’s Money: This Danny DeVito
comedy about the hostile takeover of a long established family owned manufacturing
business (owned by Gregory Peck) which is very much opposed by the community of
workers that this company employs is probably one of the best articulations for
lay people of how the world of high finance works and the fact that they were
able to do this within the framework of a comedy was nothing short of
genius. Danny DeVito's long monologue at the stock holders meeting near the end of the movie is probably the single greatest lecture on how the economy works that's ever been in a mainstream Hollywood film. The good news is that since it’s
a comedy it has the obligatory happy ending where, though the hostile takeover
succeeds, they work out a deal that everyone gets to keep their jobs. This may be fantasy but it’s awfully
entertaining, and also awfully educational.
The
Intern: Robert DeNiro is a
senior who manages to snare an internship at Anne Hathaway’s company in order
to start a new post-retirement career.
As always, DeNiro’s performance is stellar and it is one of the few
examples of him playing a thoroughly nice-guy character. But his character is to be studied for his
behavioral nuances for not only how he manages to get the job but also rise to
eventually become Hathaway’s right arm in the company. This is an excellent comedy/drama that
provides a really nice focus on how to beat ageism.
The
Solid Gold Cadillac: Judy Holliday
plays a blue collar young lady who owns but a single share of stock in this
huge conglomerate. When she discovers
that the company’s management are all a bunch of crooks save for the lonely
ethical and embattled CEO (Paul Douglas), this excellent comedy shows how she
sets out on a quest to use this one share of stock to eventually take over the
company, rescue the good-guy CEO and (of course) marry him. In the end, her thank you/wedding gift from
Paul Douglas is a solid gold Cadillac.
The
Money Changers: This 1970s
miniseries based on the Arthur Hailey novel was first introduced to me by my
finance professor at USC who told us, “You really should read Arthur Hailey’s
book The Money Changers. It’s a very
entertaining read and I think you’ll find that all of the principles and
concept of business and finance that you’ve been studying here the past two
years are all encapsulated in this book.
It is an excellent summary of the MBA.”
I read the book over spring break and I had to agree. The film stars Kirk Douglas as the president
of a major bank going through an extreme financial crisis and is an
extraordinarily instructive account of how the banking industry and, by
extension, all industry works.
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