Wall Street

(The speech about the 1% is more important than the greed speech.) "It's not a question of enough, pal. It's a Zero Sum game - somebody wins, somebody loses. Money itself isn't lost or made, it's simply, transferred - from one perception to another. Like magic." If you made a list of best New York movies, it would probably be blasphemous not to include work from Woody Allen or Martin Scorsese. However, for me, this might be the ultimate movie set in the financial capital of the world. I guess this is obvious, but it's hard to replicate the chemistry that a real father and son have. Martin and Charlie Sheen are near perfect together in every scene. Michael Douglas reaches god-mode as Gordon Gekko. Maybe my favorite performances of the 1980s? The most famous cellphone in the history of movies? If you want to have some fun, do a bit of research on the gigantic cellular device. The mash-up of everyone buying/selling stock on Wall-Street is pure ecstasy. Inject it straight into my veins! The screenplay is perfect. So smart. As an economics teacher, I'm probably biased, but I'm hooked on every word! A masterpiece!

With his diabolical charm, slicked-back hair, city-college chip on his shoulder, and era-defining "greed-is-good" mantra, Gordon Gekko may by one of the all-time great film roles. Michael Douglas's performance as Gekko won a deserved Oscar in 1988 and makes "Wall Street" required viewing.

There are two schools of thought when it comes to money. Some economists argue money is an expanding resource, and prosperity a rising tide that lifts all boats. For Gekko, the truth is simpler and more brutal: The rich get richer off the backs of everyone else. "Money itself isn't lost or made, it's simply transferred," he tells his young protégé Bud Fox (Charlie Sheen).

No question writer-director Oliver Stone feels the same way, as he presents this tale of wealth acquisition at its very apex, lower Manhattan circa 1985. In practically every frame showcasing the opulent world Gekko travels can be glimpsed beggars, fishermen, window washers, people who never will have access to the white-collar lifestyles their lowly status perversely enables for others.

For some, this zero-sum take of America clouds their enjoyment of "Wall Street" the movie. It shouldn't. You don't have to buy Shakespeare's version of history in "Richard III" to enjoy the morally bankrupt character at its center, and you don't need to adopt Stone's philosophy to enjoy Gekko.

In fact Stone's attitude about the Street, presented here as a kind of Hogarth caricature, helps make the film so entertaining. He captures the scenes of floor trading and calls and puts in journalistic detail, but leaves room for the human equation. And he has fun, a lot of fun, especially with Gekko, a character who makes you laugh with his pithy comments even as he sets about using poor Fox as a human ashtray.

On an upcoming charity event for the Bronx Zoo: "That's the thing about WASPs. They hate people, but they love animals." On a rival: "If he was in the funeral business, no one would ever die!" To Fox: "You had what it took to get into my office, sport, the question is do you have what it takes to stay."

Fox wants to stay, and allows no SEC regulation to block his wayward path. Stone's father was a stockbroker, and so the director takes special care to show us that all Wall Streeters aren't bad. There's Hal Holbrook, almost too saintly and somewhat detached from day-to-day business of his brokerage house to the point he seems a slumming B-school don. John C. McGinley delivers a standout performance as a vulgar, greedy friend of Fox's who we nevertheless find ourselves sympathetic to, especially as Fox ditches him for Gekko.

But of course it's really Gekko's world, as we watch him at his desk, punching telephone-line buttons and encouraging subordinates to "rip their throats out," checking his blood pressure with one hand while smoking a cigarette in the other. His centerpiece moment, his speech to the stockholders at Teldar Paper, is a compelling soliloquy not because it showcases his brutality but because it allows him a chance to explain his philosophy in a way that sounds logical, even honorable, until you think through the implications. That's Stone's screen writing at its best.

Sheen is also masterful in his role, playing the naive waif who wants to swim with the sharks and thus giving Douglas daylight to run. Too bad there's a tacked-on romance that never really works, in part because the character of Darien Taylor is not well developed, in part because Darryl Hannah hadn't yet met Quentin Tarantino. The ending is a bit too neat, and loses the subtlety that makes the rest of the film so good.

But the heck with subtlety when you have Gordon Gekko. Douglas is the reason for watching "Wall Street," and a terrific one. Just watch the way he looks at Bud, eyebrows raised to hold a pregnant silence, or enjoys the discomfort of his arbitrager-rival Sir Larry (a solid Terence Stamp). Stone knew what he had here, and makes the most of it. As a twisted morality tale, "Wall Street" is a thrilling, scenic ride down a dark and dangerous road.

I have seen this movie dozens of times. It is a must see for any capitalist pig. Gordon Gekko remains one of the great movie villains, evil and ruthless to the core. You will love the music by Stewart Copland and Oliver Stone's direction and co-writing of a great screenplay. I went to this film expecting to hate it and loved it. This film will remind you of when Oliver Stone made REAL films. Its also a perfect time capsule for what 1980's America was like.

Michael Douglas deservedly won an Oscar for his portrayal of the ruthless, chain-smoking capitalist guru, Gordon Gekko, who leads Charlie Sheen's Bud Fox down the garden path to Wall Street's hidden abyss. Good supporting cast includes Sean Young, James Spader, reliable Hal Holbrook, and the wonderful Sylvia Miles. Tight direction, perceptive script with realistic techno-lingo, fabulous production design, dazzling cinematography of the Manhattan skyline, and hip 80's music rev up the technical quality of this Oliver Stone "message" film. If only the message had been more reassuring.

Gekko is a villain and an outlaw, but mostly he comes across to viewers as a worldly tough guy, a charming bully with a glamorous lifestyle. We see his high-class mega-office, his plush home and chic wife, his expensive paintings, his rapid-fire commands to his robotic lieutenants, his snazzy clothes and "in vogue" friends. Here and there we see his frustrations, but that only accentuates his toughness. We do not see him suffer, nor do we see the consequences of his selfish, Machiavellian behavior.

As a result, to viewers, especially to those youthful, bright, materialistic Americans with a smug, "can do" attitude, and disdain for ethics, Gekko is, unfortunately, someone to admire, a Wall Street role model.

Wall Street" is a movie that seems to spark much debate. Basically, it is the working out of a moral struggle within young Wall Street trader Bud Fox (Charlie Sheen) between the values with which he was raised of hard work and success through actual creation, versus those of his mentor Gordon Gekko (Michael Douglas) who succeeds through corporate raiding and "creative destruction". From Bud's viewpoint his dad's (Martin Sheen's) road map for success and happiness seems old-fashioned to the point of being prehistoric compared to Gekko's, until Gekko sets his sights and his wrecking ball on his father's company, and Bud is forced to choose.

Many people associate this film with a liberal versus conservative viewpoint on business, a wild-west economy versus a planned economy and relegate this film to 1980's era nostalgia, like the now humorously giant cell phone Gekko is talking on as he walks along the beach. It is said that neither extreme works and that we've gradually settled towards something in the middle. However, the Gekkos of this world are smarter than that, and over the past 20 plus years they have set up an economic system that serves them well. What we now have is a situation where the haves and have-mores have a planned - almost Soviet - system in which the rules stratify them at the top. I cite the changes in bankruptcy law as exhibit A. The members of the labor force that serve them, however, are in the wild-west economy that was once advocated for everyone. Some will rise to the stratified top in this situation, but the vast majority will remain at the bottom shooting it out with each other - for scarce good jobs, good health care, education, etc. Thus, to me, Wall Street is just an opening chapter in the saga of how economic forces and attitudes toward them have changed, not the portrait of a 25 year-old fad that has come and gone.