Thursday, September 27, 2012

David Stockman: How Crony Capitalism Corrupts the Free Market

Stockman really lets it rip. Well worth a listen.

5 comments:

  1. I've read several interviews with Stockman lately. He's pretty damned solid. He resigned in 1984 in protest of deficit spending. It's easy to see why he didn't last in government, apparently he has a conscience.

    ReplyDelete
  2. You view this speech and realise some of the brilliant people we have in this country. They understand the problems and could offer solutions but we never seem to get them to run for president. I guess Rockwell, Nock, Rothbard and all the rest were right when they said the worst rise to the top in politics. So sad.

    ReplyDelete
  3. Stockman is too willing to raise taxes to help solve the issues, but other than that, he's just effin' brilliant. He's right on the mark.

    ReplyDelete
  4. Crony capitalists include private equity underwriters (PEU's). Stockman dissed them earlier this year:

    http://www.nakedcapitalism.com/2012/01/david-stockman-disses-private-equity-business-acumen-on-dylan-ratigan-show.html

    ReplyDelete