The Triumph of Crony Capitalism

David Stockman was the budget director under President Ronald Reagan. The Triumph of Crony Capitalism is the working title of Stockman’s new book due to be published soon.

Here’s Bill Moyer’s interview with Stockman where they discuss the corrupted relationship between investment bankers and those who hold public office. “We have neither Capitalism nor Democracy…. Instead we have Crony Capitalism.”

David Stockman on Crony Capitalism from on Vimeo.