The Great Deformation

The Corruption of Capitalism in America

Stockman, David Alan, 1946-

Downloadable Audiobook - 2013
Average Rating: 4 stars out of 5.
The Great Deformation
David Stockman was the architect of the Reagan Revolution meant to restore sound money principles to the United States government. It failed, derailed by politics, special interests, welfare, and warfare. In The Great Deformation, Stockman describes how the working of free markets and democracy has long been under threat in America and provides a surprising nonpartisan catalog of the corrupters and defenders. His analysis overturns the assumptions of Keynesians and monetarists alike, showing how both liberal and neoconservative interference in markets has proved damaging and often dangerous. Over time, crony capitalism has made fools of us all, transforming Republican treasury secretaries into big-government interventionists and populist Democrat presidents into industry-wrecking internationalists.

Publisher: [Ashland, OR] : Blackstone Audio, p2013
Edition: Unabridged ed
ISBN: 9781470840044
Branch Call Number: eNYPL Audio
Characteristics: 1 online resource (1 sound file (ca. 36 1/2 hr.))


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Dec 07, 2014
  • AQUILEA777 rated this: 5 stars out of 5.

The key point is that Government action does not improve on market operation. The market itself will suppress capitalist excess if reckless firms are left to fail when they bet wrong.

The 2008-2009 bailouts protected predatory culprits from well-deserved punishment by the market they had abused.

Government actions to boost the economy only make it worse; seeming statistical improvements are fraudulent data-manipulations. American prosperity is delusional, and worse trouble lies ahead.

Stockman, a one-time Reaganite, blames Reagan and other Republicans fully for contributing to our plight.

Massive military and welfare spending are both suicidal. Enriching war-profiteers is corrupt cronyism and leads to crazy invasions.
Helping the poor borrow and spend merely leads them into debt-slavery.


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The Great Deformation
Stockman, David Alan, 1946-
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