James Kunstler -- Clusterfuck Nation
Dec. 18, 2006 -- It's a Wonderful Life, Frank Capra's 1946 Christmas card to America, is full of strange and bitter lessons about who we were and who we have become. It also illustrates the perversity of history -- the fact that things sometimes end up the opposite of the way we expect.
The movie concerns the life and career of one George Bailey (Jimmy Stewart) and his neighbors in the prototypical main street town of Bedford Falls. The story's arc runs roughly from about 1910 to the 1946 "present." By the 1920s, young George yearns to break free of the "crummy little town" (as he calls it), but circumstances keep him bound to it through the years, and to the family business, a little local "building and loan" bank of the kind that also used to be called "thrifts" and later "savings and loans," now extinct institutions.
Bailey Building and Loan gets whipsawed by the boom of the 1920s and then the Great Depression. World War Two comes and goes. Over the decades, George is bedeviled by the town villain, scheming rival banker Mr. (no first name) Potter (Lionel Barrymore), who is always trying to shut down or take over Bailey Building and Loan.
Eventually, Mr. Potter gets the better of George, who attempts suicide, but is saved by an avuncular guardian angel named Clarence, who shows George how much worse off his town (and, by extension, the world) would be if George had never been born. The rest is George coming to his senses on Christmas Eve, amid caroling and bell ringing, realizing how wonderful all the vicissitudes of small town life, and family, and banking really have been.
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