Bill Moyers Crony Capitalism Pt. 1

Bill moyers investigates how big money is destroying America's Democracy and the free market place. Capitalism has become "Crony Capitalism" by which the rules of the game have been changed and rigged to protect the big investment bankers with the aid of the US government.
The so called finacial crisis of 2008 would not have had a severe impact on the whole system if the government just allowed these investment banks and corporations to fail as a consequence of the natural organic forces at work in the free market place .
For all the hype we hear about government interference in the Free market Place what the Wall Street Tycoons and banks wanted was to have the US government save these banks and corporations from bankruptcy.
One can to some extent understand that the conservative Republican administration of George W. Bush took steps to prop up those who should have been allowed to fail but that Obama also adhered to the Republican financial economic policy was and is still disheartening.
The hundreds of billions of dollars given to these corporations and bankers did nothing to stabilize the economy.

Category:

Education

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• Bill Moyers
• Wall Street
• OWS
• Kstreet
• main street
• bail-out
• crony capitalism
• market place
• Reagan
• Bill Clinton
• Bush
• Obama
• Ronald Reagan
• Barack Obama
• Gates
• Economy
• Rhymes
• Crisis
• Dollar
• Economic
• Freedom
• Collapse
• Reserve