Look: I am eager to learn stuff I don't know--which requires actively courting and posting smart disagreement.

But as you will understand, I don't like to post things that mischaracterize and are aimed to mislead.

-- Brad Delong

Copyright Notice

Everything that appears on this blog is the copyrighted property of somebody. Often, but not always, that somebody is me. For things that are not mine, I either have obtained permission, or claim fair use. Feel free to quote me, but attribute, please. My photos and poetry are dear to my heart, and may not be used without permission. Ditto, my other intellectual property, such as charts and graphs. I'm probably willing to share. Let's talk. Violators will be damned for all eternity to the circle of hell populated by Rosanne Barr, Mrs Miller [look her up], and trombonists who are unable play in tune. You cannot possibly imagine the agony. If you have a question, email me: jazzbumpa@gmail.com. I'll answer when I feel like it. Cheers!

Tuesday, January 24, 2012

Stockman on Crony Capitalism


Holy socialization of losses, Batman.  I had no idea I was channeling David Stockman when I wrote this post.  Thing is, Stockman is an unreformed free-market Reaganite supply-sider.  But not quite the free market guy I imagined him to be, as it turns out - a least as it regards Glass-Steagall and derivatives regulation.  He's all about a certain kind of creative destruction, though, that I find myself applauding.

Notable quote:  "If it's to big to fail, it's too big to exist."

I listened to this with an ear toward finding something I would disagree with.  The most I can come up with is his cry for "free market capitalism," past the the 30 minute mark.  Amazingly, at the end, he even channels Bernie Sanders.  I'll never be a Stockman fan, though.  

What's striking is that when someone as far to the right as he is lines up on the same side of an issue as I do, it shows just how far out of bounds things have gone. 




David Stockman on Crony Capitalism from BillMoyers.com on Vimeo.

Huge H/T to Daniel Becker in comments at AB.



Posted by at
Labels: , , , , ,

1 comment:

BadTux said...

Stockman quit the Reagan Administration out of disgust over the huge deficits Reagan was running, so he's never been afraid to criticize Republicans that he thinks are wrong. He's a Conservative with a capital-C, sort of like Pat Buchanan without the swastikas. There's nothing conservative about corporate socialism, and as with Pat, this is what I expect to hear from Stockman. Doesn't mean I'd want him to be my next Congressman or, god forbid, President, though...

-- Badtux the Unsurprised Penguin

January 25, 2012 at 10:28 PM

Post a Comment

Subscribe to: Post Comments (Atom)