Counter-Currents
1,892 words
In keeping with my annual Christmas season ritual, I am currently enjoying a much-needed vacation with extended family in Appalachia. Every year, my aging aunt graciously hosts my family: me, my children, and our dog. This year the experience has been all the more special because she bought a DVD copy of It’s a Wonderful Life, the 1946 Christmas classic starring Jimmy Stewart and Donna Reed, and last night we gathered around her flatscreen to watch it.
It is an anomaly of sorts that neither of my children prior to this year had seen this film. I’m a “cord-cutter” who rarely watches TV, but I’ve always found creative ways to stream media that I deem worthy for my children to watch. Frank Capra’s masterpiece is literally my favorite holiday film, and one of my all-time favorite movies, period. How did I go this long without exposing them to it?
An essential quality of a great film, one that is truly timeless, is that no matter how many times you view it you learn something new, uncover a deeper meaning, or experience new emotions. This is exactly what happened to me this year, despite having seen it dozens of times. As such, I would like to expatiate on my experience and share the nuggets I gleaned.
The story begins circa 1919 in a fictitious “anywhereville” town named Bedford Falls, the character of which implies a semi-rural upstate New York community, with its typical Main Street and town square. Bedford Falls hosts a drug store, a “Building and Loan” run by the protagonist George Bailey (Jimmy Stewart) and his family, and a powerful bank owned by the antagonist, Mr. Potter (Lionel Barrymore).
Mr. Potter immediately conjures up a stereotype that some would refer to as an “antisemitic” trope. However, a more astute audience will clearly recognize that Mr. Potter’s character is modeled after the financier J. P. Morgan, and all of his behaviors and actions, even his physical appearance, are allusions to this financier and robber baron who famously brokered the framework of our current Federal Reserve system and who (some would say) had a hand in the Great Depression. To be sure, there were powerful Jews involved with the Morgan financial empire, but I would not entertain the notion that the Potter character was written as a dog whistle.
George Bailey is introduced as a young, popular kid in his community. He is the older brother of Harry, who we are introduced to when he has a sledding accident and George dives into a frozen pond to save his life. George’s character is defined at this moment. He’s always the responsible one, the one who sacrifices himself for the good of everyone else. As we will see later, George’s virtues will be what saves the day at the film’s conclusion.
Most of the movie is spent following George Bailey as he makes these sacrifices for his family and community year in and year out. In one incident, a teenage George Bailey keenly notices when his pharmacist employer, Mr. Gower, mistakenly fills a prescription with a poisonous substance. Distracted by the recent death of his son, and evidently drunk, Mr. Gower sends George out to deliver the prescription and berates him when he fails to do so. Mr. Gower ultimately becomes indebted for life to George, however, when he is made aware of his error. George has not only prevented him from killing a sick child, but has also saved him from a certain prison sentence.
In later scenes, George gives up on his dreams of international travel and attending college when his father passes away. The Bailey family Building and Loan business is in threat of liquidation by a scheming Mr. Potter, who serves on its board. This is the first of many attempts by Mr. Potter to rid himself of the thrifty, almost charitable Bailey Building and Loan that serves the Bedford Falls community with affordable home loans (as opposed to the high-rent, substandard real estate that Potter is peddling.)
You can buy It’s Okay to Be White: The Best of Greg Johnson here.
George Bailey, having given up on traveling and college, instead marries Mary Hatch (Donna Reed). In another act of selflessness, George saves Bailey Building and Loan — and the entire Bedford Falls community — from the stock market crash and subsequent bank runs when he donates his honeymoon money to the company’s board, pacifying their desire to withdraw all of their funds. Not only does he ease the frustrations of the community, but he also prevents a corrupt Potter from buying up the community’s stocks and bonds for pennies on the dollar and ultimately owning the entire town.
Time after time, George Bailey watches the people around him live up to or exceed their own expectations while he settles for a life that he never wished for. His brother Harry goes on to win a congressional Medal of Honor during WW2. Congruently, Sam Wainwright, a mutual friend of George and Mary, goes on to become a wealthy executive. George anchors the Building and Loan the entire time, dreaming of a life that is seemingly out of reach.
Things come to a head one Christmas Eve when George’s uncle Billy, who clerks for the Building and Loan, fumbles a large money deposit at Potter’s bank. He inadvertently hands Mr. Potter $8,000 cash in an envelope stuffed inside a newspaper (a large sum in the 1940s, where the plot has by now taken us.) It is by dumb luck that a bank examiner has decided to audit the Building and Loan’s books on this Christmas Eve, and this missing $8,000 is sure to land George Bailey in prison.
This is where It’s a Wonderful Life takes a supernatural turn, a plot twist with echoes of Dickens’ A Christmas Carol. Contemplating suicide for all his woes, George Bailey is saved from his own self-pity by a hapless, “wingless” angel named Clarence (Henry Travers). Standing at a bridge in the freezing snow, George starts to jump into ice-cold water when, out of the blue, the angel named Clarence jumps into the water instead, and George, true to character, selflessly jumps in to save Clarence instead of killing himself.
This flightless angel has been sent to show George what life would have been like if he never had been born (a wish that he mutters while contemplating his predicament). Upon completion of this mission, Clarence will be promoted from angel 2nd class to angel 1st class, thus securing his wings.
At this point, George is introduced to a dystopian alternate timeline where Mr. Potter is basically king, owning all the property in “Pottersville.” George Bailey’s selflessness never manifested, and he never touched another life with his kindness. The town is dotted with liquor stores, burlesque dancing, raucous boozing, gambling, and all the cosmopolitan blight that one would expect to see in the most corrupt of urban areas, not a small, wholesome, semi-rural town.
After a dazed and confused ordeal of meeting dozens of his family and friends who do not recognize him, and who have led miserable, depressing lives in his absence — or worse, who died, as in the case of his brother whom he saved from drowning, he begins to realize that his seemingly meaningless life isn’t so meaningless after all. No amount of travel or adventure could replace the positive impact he has made, or the wholesome family he has created with Mary.
The movie concludes with the alternate timeline reversing itself. George finds himself back at the bridge, where his friend Bert the Cop discovers him and brings him good news.
The entire town has come together after learning about the missing $8,000 and crowdfunded enough money to save George and the Building and Loan from prison and bankruptcy (and Mr. Potter from finally getting his wish of liquidating it). The final scene famously ends with his daughter “Zuzu” noticing a bell on the Christmas tree ringing, signifying that the angel Clarence has received his wings, and the entire town erupts in a rendition of “Auld Lang Syne” as the credits roll.
There are so many themes in this movie that ring loudly and clearly through the decades to the world we find ourselves in 2020, with the COVID crisis and worsening economic situation. It is most certainly a traditionally Christian holiday movie, but it is secular enough that anyone who values family, community, and tradition can identify with it. Buried inside all of that normie-friendly wholesomeness — and not all that deeply, mind you — are tons of messages that a Right-wing dissident should recognize as well.
Bailey Building and Loan is the charitable spirit that homogenous, trusting people in racially coherent communities extend to one another. The cutthroat capitalist nature of Mr. Potter and his large, soulless bank are the deracination and predation of globalist mega-corporations, and dystopian Pottersville, with all of its debauchery and degeneracy, is the logical outcome of the greed of unregulated capitalism.
The contrast between Bedford Falls and Pottersville is the contrast between Trump’s Red State and Biden’s Blue State America. Mr. Potter is Walmart, Google, Amazon, McDonald’s, and Coca-Cola combined into one huge, ugly, corn syrup, soybean, AdSense, and Black Friday-infused nightmare.
George Bailey is the neighbor, friend, coworker, or random stranger in your community who you just know is on your side. The man or woman who works and pays taxes, who loves their children and family first and foremost, who recoils at the thought of another megastore and apartment complex being developed where farmland once stood. The thrifty person who doesn’t throw their used COVID mask on the ground, but who also doesn’t obsess over each and every new finger-wagging scold article about climate change. The person who still has the good sense to not wish for their daughter to marry a black man so that they can virtue signal about it on social media. George Bailey is the Trump supporter next door.
To put it frankly, Bedford Falls is what our enemies fear the most. Yes, it is a fictitious town, and George Bailey is a fictitious man. But they do ring true in a plethora of ways. How many small semi-rural towns in recent decades have changed zoning laws to be more welcoming of liquor stores, gambling, and other tax revenue-generating endeavors at the cost of the local citizenry? How many George Baileys have been cast aside in favor of out-of-town investors? As community standards have given way to libertarian ideals, how many low-income housing projects have been built to accommodate the growing unemployed and “diverse” demographics that these changes invite?
Through the woke, “redpilled” eyes of a nationalist, a populist, or a true social conservative, it should be clear that It’s a Wonderful Life represents everything we strive to create and uphold. This should be requisite viewing for anyone who wants a model to point to or an echo from the past to glean wisdom from.
Merry Christmas.
If you want to support Counter-Currents, please send us a donation by going to our Entropy page and selecting “send paid chat.” Entropy allows you to donate any amount from $3 and up. All comments will be read and discussed in the next episode of Counter-Currents Radio, which airs every weekend on DLive.
Don’t forget to sign up for the twice-monthly email Counter-Currents Newsletter for exclusive content, offers, and news.
Enjoyed this article?
Be the first to leave a tip in the jar!
17 comments
It’s a great film, and probably saved countless people from jumping off a bridge.
Thank you for the essay. I have never seen it, but now certainly will !
I didn’t grow up watching it but my husband did, and we made it a tradition with our boys. It epitomizes Community (credit to Lineman always) and social trust – things that spring solely from a homogeneous society.
Never understood the problem: if the people prefer small businesses, they have but to shop in the small businesses instead of in the megastore. If they, however, do shopping in the megastore, they can´t complain about there being megastores and no more small businesses. Where´s the problem?
That isn’t how it works. Individuals do not get to choose the fate of a community, and even a majority of people choosing to shop at local stores doesn’t prevent the megastore moving in, plowing pastoral land, and pouring concrete where fertile soil once existed. It doesn’t prevent the subsequent housing projects and blight that eventually follows.
This is how it actually works: the megastore moves in and locates in a central area to compete with long standing independent retailers. Their bulk purchasing power, fluid just-in-time inventorying, and national backbone infrastructure permits cut-throat pricing that undercuts the ability of local retailers to compete. For the vast majority of working class people, there isn’t a real choice, we don’t have the luxury of shopping with the more expensive local retailer.
This is the catch, though. If the megastore wasn’t allowed to move in and set the market so low, there would be reasonable competition between multiple small retailers. Prices would reflect the prosperity of the community and the relationship would be symbiotic. Megastores totally eliminate most of the competition.
Aside from that, it isn’t so much about the store itself as it is about the blight that it attracts and the destruction that it causes. Much like our smart phones, and other technologies that make our lives SEEM better off, the truth is that we don’t really need these “progressive” changes in our communities and can live happy, comfortable lives without them.
Call it “The Peter Principle Of Society” – every culture has the potential to rise to it’s level of incompetence.
The only way to win, is not to play.
We use to call it the life cycle of Wal-Mart. It took I think ten years for Wal-Mart to come into a community, destroy its competition and then own the market for that area.
Mr. Potter immediately conjures up a stereotype that some would refer to as an “antisemitic” trope. However, a more astute audience will clearly recognize that Mr. Potter’s character is modeled after the financier J. P. Morgan, and all of his behaviors and actions, even his physical appearance, are allusions to this financier and robber baron who famously brokered the framework of our current Federal Reserve system and who (some would say) had a hand in the Great Depression. To be sure, there were powerful Jews involved with the Morgan financial empire, but I would not entertain the notion that the Potter character was written as a dog whistle.
In one of the scenes with Mr Potter — the one where George refuses his offer and is on his way out the door — there is a glimpse offered of what I think is a hunting horn on a decorative stand. However, when I first saw it I was sure it was a shofar. In any case it occurred to me that the image was not accidental. It is here right at the very end on the right:
[ https://www.youtube.com/watch?v=QzX5cGKN6Eg ]
I wonder if I am the only person in the history of film criticism that has noticed this? 🙂
It is an absolute certainty that multitudes of paranoid Jewish moviegoers have seen it and made similar observations over the decades, despite the near certainty that it was not a conscious, purposeful decision on the director’s part.
My favorite Christmas movie is “Full Metal Jacket.”
Each Christmas I re-visit the movie/short story Markheim.
Okay, I like It’s a Wonderful Life, but I’m not crazy about it, although it has many good qualities, although a bit ‘Capraesque.’ Noteworthy that at its premiere, it flopped. The constant re-showing on TV brought it back to life, but I don’t like the hokey, three hours long TV viewing with a million commercials. It’s real Holden Caulfield stuff then, made for phonies, but I did enjoy seeing it in a movie theater on a college campus once.
An interesting essay was written about the film in Lew Rockwell’s on December 8, 2004, by Gary North. North said the film is about a conflict of visions: Potter’s vs. Bailey’s, and also a conflict between small town life and the new emerging suburbia, the latter of which was Bailey’s , that of Bailey Park. For all the talk of small town values, it’s apparent that the ‘town’ is Potter, and to be escaped from. But Bailey and Potter both have thwarted visions. They never quite win over the other. North also implied there was a third vision, that of Mary Bailey, when she gets George to buy and restore the old house, which becomes a money pit.
North made the point that in the house, the loose knob on the bannister never gets glued. it’s loose, and sticks out, and symbolizes the conflict of visions between George and Mary. He wants freedom. She wants stability. He has to be the one to glue the knob, but he won’t. Even the ‘happy’ ending is a kind of defeat for George, as, another George (Orwell) said, life is essentially a defeat for most people. Like Potter said to George before he meets Clarence, most men are embittered and old, but George is embittered and young. The movie’s richness is in this conflict.
North goes on to discuss the economics of home mortgages vs. FDIC.
As for me, my big Christmas movie is The Lion in Winter…Christmas in 1186, Henry II with Eleanor of Aquitaine and his sons trying to outwit him, with arguments, carping, backstabbing, family fangs and rumbling against Christmas decorations and gifts…sounds like my family.
Mmmm,
I heard a lot of ‘hoo-hah’ about this movie for years. I asked my ol’ mother about it, she basically told me it was rubbish. So, one Christmas night about five years ago, I was just about to go to bed and sure enough, it was on TV. I had a couple of drinks in the fridge, so I thought I’d sit down and check it out. I thought it was a bunch of bollocks! I stayed up about two hours past my usual bed time for a bunch of total movie-s*it. Anyway, I’m from Australia, so I would’t know what passes for American Christmas funny movie stuff. Besides, from what I’ve gathered from you chaps, everything is shite on TV anyway.
Ahh….as my Irish friend used yo say…a Bunch of Arse!
Enough of the cranky,
Best Jule-wishes to all of you guys ‘n’ gals out there, and all the best for the new year!
Among the other themes mentioned, there’s one in there about the nature of money. Like The Wizard of Oz, It’s a Wonderful Life is something of a finance parable – although the messages are different in Oz.
The Building and Loan represents full reserve banking. In the Current Year it’s difficult to imagine that a bank could operate on a full-reserve basis, but the Swedish JAK bank still does. It also offers its loans interest free. In the early part of the 20th century, many small credit unions and other mutual banks worked on the basis of full-reserves.
By contrast, Potter’s bank represents the fractional reserve system ubiquitous today. With it comes the power to create new money and the profit – or seigniorage – associated with that power. The fact that this power has been taken from national communities by global banking corporations is an outrage barely noticed (or understood) today.
Bailey’s Building and Loan offers a vision of earlier, healthier financial systems – and a warning about the dystopia of corporate finance.
.
Those are some very good points. I think Potter is also meant to bring to mind Franklin Roosevelt and his policies of nationalization. Potter promises security if you just give him your assets and money. And he is doing you a favor on top of it all. Bailey’s Bedford Falls is a town that largely avoided the effects of the Depression due to hardwork and ingenuity and the fact that they don’t go holding their hand out to Washington looking for help when bad times come. They come together and make it work. Potter is trying to “help” them by bringing in the same policies that prolonged the Depression.
Excellent review. Thank you. Watching this film is one of my Christmas rituals, and this Christmas will be no exception. Yes, we are definitely all living in George Bailey’s alternate timeline, dystopian town of Pottersville today. We are crying out for leaders who are more like Mr. Bailey and less like Mr. Potter.
I have loved this film since I was a kid, I am 30+ now. I have seen it probably dozens of times and plan to watch it many more. It saddens me since this is what I’ve always wanted but when I grew up it was gone. What was left on its place was the soulless look of an eroded nation. Well, it’s still better than 99% of everything on tv, even if the America of 1946 does not exist anymore.
Comments are closed.
If you have a Subscriber access,
simply login first to see your comment auto-approved.
Note on comments privacy & moderation
Your email is never published nor shared.
Comments are moderated. If you don't see your comment, please be patient. If approved, it will appear here soon. Do not post your comment a second time.
Paywall Access
Lost your password?Edit your comment