From WSJopinion: Frank Capra’s 'It’s a Wonderful Life' contains important messages about freedom, write Phil Gramm and Michael Solon
Frank Capra’s “It’s a Wonderful Life” rose from commercial failure after its 1946 release to Christmas fixture starting in the 1970s. The film tells a story offering insight into how Americans perceive our economy and their role in it.
Do the burdens of our economic system, mirrored in the suffering of George Bailey, justify our economic suicide? Whereas today’s Democratic presidential candidates embrace a dark, nihilistic view, most working Americans see our economy and its demands as hard and challenging but ultimately redemptive. The resonance of Capra’s message suggests that America’s future is still promising.
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