Free Markets to Crash or Crony Capitalism?

View the video of the interview of Bill Moyers with David Stockman http://billmoyers.com/segment/david-stockman-on-crony-capitalism/

David Stockman on Crony Capitalism
January 20, 2012

Moyers & Company explores the tight connection between Wall Street and the White House with David Stockman, former budget director for President Reagan.

Now a businessman who says he was “taken to the woodshed” for telling the truth about the administration’s tax policies, Stockman speaks candidly with Bill Moyers about how money dominates politics, distorting free markets and endangering democracy. “As a result,” Stockman says, “we have neither capitalism nor democracy. We have crony capitalism.”

Stockman shares details on how the courtship of politics and high finance have turned our economy into a private club that rewards the super-rich and corporations, leaving average Americans wondering how it could happen and who’s really in charge.

“We now have an entitled class of Wall Street financiers and of corporate CEOs who believe the government is there to do… whatever it takes in order to keep the game going and their stock price moving upward,” Stockman tells Moyers.

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The Visual Everything: Crony Capitalism Visualized

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The Atlantic: The Education of St0ckman

The Center for Public Integrity: Obama rainmakers enjoy White House invites, appointments and contracts

ProPublica: PAC Track

Mother Jones Interactive Explainer: How the GOP Stealth Money Machine Work