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The Great Deformation

The Corruption of Capitalism in America
Stockman, David Alan, 1946- (Downloadable Audiobook - 2013 )
Average Rating: 5 stars out of 5.
The Great Deformation
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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.
Authors: Stockman, David Alan, 1946-
Statement of Responsibility: David A. Stockman
Title: The great deformation
the corruption of capitalism in America
[electronic resource]
Publisher: [Ashland, OR] : Blackstone Audio, p2013
Edition: Unabridged ed
Characteristics: 1 online resource (1 sound file (ca. 36 1/2 hr.))
Notes: Unabridged
Duration: ca. 36:30:00
Duration from physical audiobook record
Performers: Read by William Hughes.
Summary: 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.
Subject Headings: Financial crises United States United States Economic policy 1981-1993 United States Economic policy 20th century United States Politics and government 20th century Free enterprise United States BUSINESS & ECONOMICS / Economic Conditions bisacsh BUSINESS & ECONOMICS / Economic History bisacsh BUSINESS & ECONOMICS / Economics / Comparative bisacsh POLITICAL SCIENCE / Economic Conditions bisacsh
Genre/Form: Audiobooks
Downloadable audio books
Topical Term: Financial crises
Free enterprise
BUSINESS & ECONOMICS Economic Conditions
BUSINESS & ECONOMICS Economic History
BUSINESS & ECONOMICS Economics Comparative
POLITICAL SCIENCE Economic Conditions
Additional Contributors: Hughes, William - 1957-
OverDrive, Inc
Blackstone Audio, Inc
Additional Physical Form Entry: Source record: Stockman, David Alan, 1946- Great deformation. Unabridged. [Ashland, OR] : Blackstone Audio, p2013 9781470840099 (OCoLC)811618833
ISBN: 9781470840044
1470840049
Branch Call Number: eNYPL Audio
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Jun 14, 2013
  • 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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Stockman, David Alan, 1946-
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