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Business & Investing

Released: 2013-03-26

The Great Deformation: How Crony Capitalism Corrupts Free Markets and Democracy by David A. Stockman


David Stockman used to be the architect of the Reagan Revolution intended to revive sound money principles to the U.S. executive. It failed, derailed by politics, special interests, welfare, and war. In The Great Deformation Stockman describes how the working of free markets and democracy has long been beneath danger in The usa, and provides a nonpartisan, stunning catalog of the corrupters and defenders. His prognosis overturns the assumptions of Keynesians and monetarists alike, showing how each “liberal” and “neo-conservative” interference in markets has proved harmful and frequently bad. Over time, crony capitalism has made fools of us all, reworking Republican treasury secretaries into large govt interventionists, and populist Democrat presidents into business wrecking internationalists. Nowadays’s national debt stands at virtually $16 trillion. Divided equally amongst taxpayers, each and every of us is $52,000 in debt. This e book explains how we got here—and why this warped crony capitalism has betrayed so lots of our hopes and goals.

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Creator: David A. Stockman Publisher: PublicAffairs Binding: Hardcover Language: English Pages: 400

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