Film of the week: The Post
Film review: The PostThe Post is an entertaining historical drama that delivers a new and unfamiliar twist on the history of the Vietnam War and the Nixon administration.
The Post
DVD, £8.95
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
There are plenty of films about heroic whistleblowers or fearless journalists, but few about business leaders who put principle above profit. The protagonist of The Post, directed by Steven Spielberg, is Katharine Graham, the owner of The Washington Post.
Played by Meryl Streep, Graham attempts to turn around the fortunes of the ailing publication by floating it on the stock exchange in order to raise money for overdue investment. The problem is that as a woman in a man's world, she isn't taken seriously by the bankers or her advisers.
Shortly after her company goes public, Graham is confronted with a huge dilemma. The Nixon administration has served The New York Times with an injunction designed to prevent the publication of a leaked copy of the Ellsberg Papers, which reveal that successive governments have been lying about the US army's odds of success in Vietnam.
However, thanks to some smart detective work, editor Ben Bradlee (Tom Hanks) has managed to track down Ellsberg, who provides another copy of the report. Naturally, Bradlee is eager for the Post to go to print, both to defend free speech, but also to demonstrate that it is a serious rival to The New York Times.
Graham's advisers, however, are strongly opposed to getting involved, arguing that the bankers could use it as an excuse to pull out of the offering, while she and the entire editorial team could end up in jail for contempt of court.
To make matters worse, the revelations would ruin the reputation of her close friend Robert McNamara (Bruce Greenwood), a former secretary of defence. Will Graham be willing to sacrifice friendship, her position as a Washington insider, and possibly the financial future of her paper (since the bankers are threatening to pull out) to reveal the truth and preserve a free press?
Even if you don't know much about American history, neither Graham's decision, nor the overall outcome, is ever in doubt from the start. It's also hard to argue that Graham was as courageous as Ellsberg, who eventually ended up facing criminal charges, or as quick-witted as Bradlee, who managed to gather a team to pick out the juiciest bits of a multi-volume report in a single afternoon. But Spielberg still does a good job of building up the tension. There is also an interesting snippet about the US newspaper industry: Graham notes that The New York Times's financial firepower stems from its local monopoly.
Overall, The Post is a strong, entertaining historical drama that delivers a new and unfamiliar twist on the history of the Vietnam War and the Nixon administration.It's easy to see why the film was nominated for Best Picture and Streep for Best Actress.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.
He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.
Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.
As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.
Follow Matthew on Twitter: @DrMatthewPartri
-
Christmas at Chatsworth: review of The Cavendish Hotel at Baslow
MoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
By Dr Matthew Partridge Published
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published