Reagan budget director discusses 'crony capitalism' with Bill Moyers

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: