Posted by: thescoundrel | December 25, 2010

It’s A Wonderful Life

Mr. Henry Potter (Lionel Barrymore), the riche...

Image via Wikipedia

In the movieIt’s a Wonderful Life“,  during a scene designed to represent a Depression era bank run,  the  George Bailey character makes an astute  observation that should have been obvious to everyone he was talking to:

[as everyone inside was about to go to Potter’s bank for money] Now wait…now listen…now listen to me. I beg of you not to do this thing. If Potter gets hold of this Building and Loan, there’ll never be another decent house built in this town. He’s already got charge of the bank. He’s got the bus line. He got the department stores. And now he’s after us. Why? Well, it’s very simple. Because we’re cutting in on his business, that’s why. And because he wants to keep you living in his slums and paying the kind of rent he decides. Joe, you had one of those Potter houses, didn’t you? Well, have you forgotten? Have you forgotten what he charged you for that broken-down shack? Here, Ed. You know, you remember last year when things weren’t going so well, and you couldn’t make your payments? You didn’t lose your house, did you? Do you think Potter would have let you keep it? Can’t you understand what’s happening here? Don’t you see what’s happening? Potter isn’t selling. Potter’s buying! And why? Because we’re panicking and he’s not. That’s why. He’s picking up some bargains. Now, we can get through this thing all right. We’ve got to stick together, though. We’ve got to have faith in each other.

Many of us around the World are currently facing similar financial  hardships to those our ancestors faced during the Great Depression. The Nations of the World should currently pay attention to the observational lesson taught by the fictional George Bailey character. Because in real life the new Mr. Potters of the world aren’t panicking and instead are busy purchasing bargains;  while the Greece’s of the World are busy rioting over  not being able to have caviar served alongside their pâté.

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