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Former Congressman and Reagan Administration Budget Director David Stockman roasts corporations that are fattening themselves at the trough of crony capitalism. This discussion with Bill Moyers is well worth watching. You’ll learn why government bailouts and corporate welfare are so harmful to the economy, corrupting of government, and dispiriting to business people and consumers who believe in free enterprise.
David Stockman on Crony Capitalism from BillMoyers.com on Vimeo.
Steve Stanek is a research fellow at The Heartland Institute and managing editor of two Heartland publications, Budget & Tax News and Finance, Insurance & Real Estate News. He has been writing and editing for Heartland since 2003.
Stanek's work has appeared in numerous local, state and national publications including The Wall Street Journal, USA Today, Investor's Business Daily, Crain's Chicago Business, Chicago Sun-Times, The Hill, Boston Herald, New York Post, Pittsburgh Tribune-Review, and Washington Examiner, and he has appeared on radio and television programs including Chicago Public Television's Chicago Tonight and the CBS Evening News with Katie Couric.
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