Moyers & Company — Season 1, Episode 2: Crony Capitalism

Episode synopsis

This weekend, continuing its sharp multi-episode focus on the intersection of money and politics, Moyers & Company explores the tight connection between Wall Street and the White House with David Stockman – yes, that David Stockman — former budget director for President Reagan. 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.” Stockman shares details on how the courtship of politics and high finance have turned our economy into a private club that rewards the super-rich and corporations, leaving average Americans wondering how it could happen and who’s really in charge.

More episodes from Season 1

• E1On Winner-Take-All Politics
• E3How Big Banks are Rewriting the Rules of Our Economy
• E4How Do Conservatives and Liberals See the World?
• E5Economic Malpractice and the Millennials
• E6Decoding the Campaigns
• E7Where Movies End and Politics Begins
• E8Moving Beyond War
• E9Standing Up For Democracy
• E10Gambling With Your Money
• E11An Optimist for Our Times
• E12The Case for Old-School Faith & Politics
• E13Big Money, Big Media, Big Trouble