Moyers & Company: On Crony Capitalism

[kpete]

Moyers & Company: On Crony Capitalism


................ “we have neither capitalism nor democracy. We have crony capitalism.”

He names names--Larry Summers and Tim Geithner, General Electric's Jeffrey Immelt, and more--who are deeply involved still in the Obama administration.

"If you have a former community organizer who was trained in the Saul Alinsky school of direct democracy, appointing the worst abuser, the worst abuser of crony capitalism, GE, who came in and begged for this bailout, to head his Jobs Council, when obviously GE's international corporation, they've been shifting jobs offshore for decades, then it becomes so obvious that we have a new kind of system, and that we have a real crisis."

.....................

When Moyers asks if a crisis like the one in 2008, the meltdown that nearly collapsed the financial system, could happen again, Morgenson replies, "It will happen again."

VIDEO & MORE:
http://www.alternet.org/story/153844/how_big_money_bought_our_democracy%2C_corrupted_both_parties%2C_and_set_us_up_for_another_financial_crisis_?akid=8162.15156.i_vKeV&rd=1&t=24

[elleng]

1. Stockman and Morgenson are fine.

Learned people speaking truth.

[Bozita]

2. Bill Moyers, a living American treasure!

Welcome back to my teevee screen.

[Skittles]

3. TELLING IT LIKE IT IS

[snappyturtle]

4. My local PBS station (San Antonio) doesn't show

Moyers and Company...yet anyway. However, I watched
it on the website: www.billmoyers.com where you can
see the first and second parts of a three parter. Very good.

[shireen]

5. i saw that ... it was riveting!

I wish everyone could see it. Really excellent analysis.

[Uncle Joe]

6. Kicked and recommended.

Thanks for the thread, kpete.