Time to reread 'The Grapes of Wrath'
Filed under: Banks, Home, Recession, Bankruptcy
From the recent resurgence of John Steinbeck's novel "The Grapes of Wrath," it looks like people in a recession are happy to be entertained by a tale of the Great Depression.
The 1940 movie based on the Pulitzer Prize-winning book by Steinbeck has gained such popularity recently that from September 2008 to October 2008, rentals of "The Grapes of Wrath" on Netflix rose 10%, according to the Nov. 17 issue of Business Week Magazine. A theatrical play based on the novel is also out.
If you haven't taken a look at the plot since it was assigned reading in high school, it's worth another look today. (although now you can just rent the movie.) The parallels to today are strong. People are losing their jobs, unable to pay the mortgage and forced to move elsewhere to find work.
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I've been predicting the death of the movie rental store since 1995, when I was a film critic and reporter for The Dallas Morning News. Back then, it was just at the dawn of DVD players and everything was changing. I used to rent my videos from the original Blockbuster location in Dallas, and the company was part of my beat and already struggling, so I reported on many of the troubles in the industry. That first store is still in operation -- albeit a few blocks down the road -- but for how much longer? I will eventually be right, and probably very soon.
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