In 1972 Charlie Chaplin was allowed back to America to receive an honorary Oscar, 'for the incalculable he had on making motion pictures the art form of this century'. That's what the Academy was always for - to blur the equation enough so that profit and fame could be called art.

We have a thriving subculture of 'independent' American movies that makes an impact on America as a whole roughly equivalent to that of a the modern literary novel. These are the films sincere viewers marry, whereas, once upon a time, movies were a lifetime of one night stands.

Bonnie and Clyde became not just a big hit, but a movie that went through young audiences like a first slug of Scotch. It affected clothes, talk, manners. Though set in the thirties it had the feeling of 1966, the most dangerous moment in American young people remembered.

Louis B. Mayer is one of those with a claim to posessing the equation... he began to buy up nickelodeon arcades in the years before the First World War in and around Boston. He had noticed that people liked going into the dark to see the light... the appeal of the movies is beyond the sensible, rational or the hard-working. Going into the dark, afte centuries of progress in which mankind has staggered toward artificial light, smacks of delicious perversity.

The Deer Hunter is securely on my list of American movie events, by which I mean those films that aspired to the whole equation, to be show business and art at the same time.

I regret the way that America has elected to make films for its bluntest section of society and in ways that flatter them, and we have to recognize how much that is being done for money. We have to find another way of measuring ourselves. And film is one of the few ways that might be done.

In the first week of the showings of the The Matrix Revolutions, The Godfather and The Godfather Part II played on cable television. I started watching, and I was held; I wanted to go through the process again. Can anyone credit that 30 years from now there will be an audience for the three parts of The Matrix, anywhere? Even if Keanu Reeves is our president by then?