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From The Socialist newspaper, 11 March 2020

Film: Greed directed by Michael Winterbottom, starring Steve Coogan as Sir Richard "Greedy" McCreadie

Steve Coogan as Philip Green in Greed

Steve Coogan as Philip Green in Greed   (Click to enlarge)

Barbara Clare, Stevenage

It was refreshing to watch a mainstream film exposing the madness and exploitative nature of the capitalist system.

'Greed' is an apt title for this film which, presumably, is based on the career of Philip Green, most infamously remembered for finalising his purchase of a 100 million super-yacht on the same day as BHS employees found out that they were losing their pensions! (In the film Greedy McCreadie's wife states that cost did not cover the interior design).

The film portrays Greedy McCreadie as a bully with no knowledge of the fashion industry, but who negotiated rock bottom prices for clothing, thereby exploiting the already poorly paid female machinists in developing countries, pressuring them to work faster in order to maintain the profits of their factory owners.

In one scene of the film a fire breaks out in a factory, a reminder of disasters that have occurred in recent years, (notably the Rana Plaza garment factory near Dhaka which collapsed killing over 1,000 people).

The sharp business practices that seem absurd to working people, but are apparently perfectly normal and legitimate under capitalism, are also explained. Greedy McCreadie used the assets of a company he did not own to buy that very same company. He did this using very little of his own money, asset stripping the companies and running them into the ground, leaving employees jobless. His wife lived in Monaco and, as everything was in her name, avoided paying any tax.

The film switches to different times in Greedy McCreadie's life, but the central theme is the preparation for his 60th birthday celebration at his home on a Greek island. An important subplot is the presence of refugees living in tents on the beach which could be seen from his luxurious accommodation. I feel this contrast could have been developed further in the film, though it did draw attention to the lavish lifestyle of a fashion mogul and the plight of homeless refugees.

Exploitation

The facts presented at the end of the film highlight the exploitation of women in the fashion industry. In Myanmar women machinists earn the equivalent of 3.30 a day and in Bangladesh 2.60 daily. This is compared to the obscene profits made by fashion companies. (I have read that Sony Pictures International would not allow individual brands and millionaires to be named as they didn't want to damage relationships with them.)

However, the information clearly illustrated the massive inequalities under capitalism. One fact stated: "The richest 26 men own as much wealth as the 3.8 billion poorest people."

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In The Socialist 11 March 2020:


Coronavirus

Coronavirus: Full NHS funding now

Coronavirus infects the world economy

Flybe collapse: nationalise to save jobs threatened by Covid-19 and downturn

Coronavirus: international cooperation needed, not capitalist competition

Supermarkets are ruled by profit - unions should control supply limits

For full pay during isolation: for public health as well as workers' wallets

Self-isolation patients speak: NHS facilities and advice not up to it

Italy on lockdown: lack of resources and democracy causes panic

South Korea shows capitalism has money to respond to coronavirus

Coronavirus news in brief


News

Domestic Violence bill: We still need to fight to save our services

News in brief


Workplace news

Postal workers mobilise to win strike reballot

Homerton Hospital workers fight for sick pay

Fighting to transform the union in my warehouse

Argos workers in Sainsbury's stores threatened with losing collective bargaining

Homeless charity workers to strike against intransigent management

Southampton trade unionists say "defend the right to strike!"

Strong support for PCS Broad Left Network

East London uni and bin worker strikes


US election

How can Trump be ousted from the White House?


Campaigns and party news

Salford 'no-cuts' budget includes cuts and tax rises

Stoke council unions beat pay cuts - now let's stop all cuts

Is there an anti-cuts rebellion in Scotland?

Socialist Party joins International Women's Day protests

Housing workers explain reality to idiot Boris Johnson

Swansea: Ask anyone about state of services, you will hear the real story

Camarthenshire: Councillors' 'walk of shame'

Student occupation in support of striking workers

Selling the Socialist

Socialist Party executive committee positions


International news

Greece-Turkey border refugee crisis


Women's and trans rights

Women's rights, trans rights and the labour movement


Readers' opinion

Film: Greed directed by Michael Winterbottom

Childcare - costly, inadequate and hard work

Book: Why you should be a trade unionist by Unite general secretary Len McCluskey

The Socialist Inbox


 

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