Michael Moore sees ‘the end of capitalism’

By David Edwards
Thursday, November 20, 2008 9:51 EDT
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Michael Moore is in favor of a bailout for the auto industry but only with a lot of conditions. In a Wednesday interview, Moore told Larry King that the Big 3 car companies should face mandates to build mass transportation and automobiles that use little or no gas. Also, Moore wants to see “a whole new management team.”

Moore thinks that the United Autoworkers Union (UAW) has taken enough cuts in their pay and benefits. “The UAW has — has given back so much to General Motors and the other companies. I’m stunned, actually, at how much they’ve given back. I think they’ve given too much back, frankly,” he said.

The future looks bleak for the current financial system, according to Moore. “I think, really, what we’re seeing here right now with them, with the banks, we’re seeing the end of capitalism — the end of capitalism as we know it.”

A full transcript of Moore’s interview is available here.

This video is from CNN’s Larry King Live, broadcast Nov. 19, 2008.

Download video via RawReplay.com

David Edwards
David Edwards
David Edwards has served as an editor at Raw Story since 2006. His work can also be found at Crooks & Liars, and he's also been published at The BRAD BLOG. He came to Raw Story after working as a network manager for the state of North Carolina and as as engineer developing enterprise resource planning software. Follow him on Twitter at @DavidEdwards.
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