Reagan budget director discusses ‘crony capitalism’ with Bill Moyers

By Roxanne Cooper
Saturday, March 10, 2012 9:19 EDT
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Former Reagan budget director David Stockman joined Bill Moyers Friday evening for a lengthy and candid discussion on the symbiotic relationship between Wall Street and the White House:

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.”

Watch the full interview below, via Moyers & Company:

Roxanne Cooper
Roxanne Cooper is the publisher of Raw Story. She has 20+ years experience in media management, marketing, and advertising and has held positions with AlterNet, the Association of Alternative Newsweeklies, LA Weekly, San Francisco Bay Guardian, and Stars & Stripes. From 2004-2008, Roxanne published the popular political blog Rox Populi. She lives in San Francisco and you can follow her on Twitter at @AlterRox.
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