Spirit Of Enterprise
Graduate Course: Spirit Of Enterprise Please watch the movie Wall street 2 or view some reviews of the movie to answer the questions below. This is the movie (https://www.imdb.com/title/tt1027718/) Copy and paste this link Wall Street: Money Never Sleeps (2.99 on Amazon) Below is what my professor wrote about the assignment with the questions: By now youve all viewed Wall Street II, a tale of revenge, gamesmanship, wealth, enmity, loyalty, affection, love, life, family, hope, trust, success, failure, and more. I hope you enjoyed it. Beyond the central love story and the drama of the 2008 financial crisis, the movie tells the story of a deeply flawed man, Gordon Gekko, joining the fraternity of elite financiers after years of disgrace and incarceration not because he has risen to their level, but because they have fallen to his. Perhaps less plausibly, it is also a story of how love, life, and family can redeem even a man as corrupt as Gordon Gekko. In the first Wall Street Movie, Gekko preached that greed is good. In the second, he argued that greed is now legal. Wall Street firms and financiers packaged intrinsically risky assets to sell to investors, borrowed up to 50 times the assets of the firm to leverage results, internalized the outsized profits in good times, and externalized the crippling losses in bad. Wall Street was allowed to offload the consequences of hyper-magnified risk onto US taxpayers as the subprime market collapsed and firms holding mountains of debt and piles of unsellable toxic assets were bailed out by the government. The concept of moral hazard runs throughout the movie. It holds that people engage in riskier activity when the negative consequences of that risk are borne by others, e.g., when people are not made to assume the risk of their decisions. It further suggests that if bad behavior is not controlled, we will only get more of it. This idea is assumed in the movie and applied to firms (i.e., Keller Zabel, Churchill Schwarz, and all the firms and financiers convened at the New York Federal Reserve Bank (Fed), and even Sylvia Moore, Jacobs mother. Explain how and when in the movie the idea of moral hazard was applied, or ignored, and what the consequences were. (1 page or less) Consider all weve read, seen and discussed this semester, e.g., regarding principles, habits (virtues and vices) the purpose of an enterprise, the measure of success and the term over which success is measured, the tension between financial measures and product quality, the things people seek through their work, the human tendency to push (overrun?) limits in the pursuit of success. Is there an alternative to the rigorous control of enterprises and markets through law, regulation, and popular demonization in media? (1 page or less) -My professor is very tough, this final is worth 50 points. He will be checking for grammar and plagiarism. I will be checking as well.
