Caption: Photo Credit: Dale Robbins
Photo Credit: Dale Robbins 

Moyers & Company Show 102 On Crony Capitalism

From: Moyers & Company
Series: Moyers & Company
Length: 53:00

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Bill Moyers and former White House budget director David Stockman on the all-too-cozy relationship between Washington and Wall Street. Read the full description.

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Currently a businessman who says he was “taken to the woodshed” for telling the truth about the administration’s tax policies, Stockman speaks candidly with Bill Moyers about how money dominates politics, distorting free markets and endangering democracy.  “As a result,” Stockman says, “we have neither capitalism nor democracy. We have crony capitalism.”

 

Stockman shares details on how the courtship of politics and high finance have turned our economy into a private club that rewards the super-rich and corporations, leaving average Americans wondering how it could happen and who’s really in charge.

 

“We now have an entitled class of Wall Street financiers and of corporate CEOs who believe the government is there to do… whatever it takes in order to keep the game going and their stock price moving upward,” Stockman tells Moyers.

 

Also on the show, Moyers talks with Pulitzer Prize-winning New York Times reporter and columnist Gretchen Morgenson on how money and political clout enable industries to escape regulation and enrich executives at the top. Morgenson warned of Wall Street’s culpability in the widening income gap back in 2007 on Bill Moyers Journal. BillMoyers.com has that show -- and over a hundred more -- available for free viewing.

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Piece Description

Currently a businessman who says he was “taken to the woodshed” for telling the truth about the administration’s tax policies, Stockman speaks candidly with Bill Moyers about how money dominates politics, distorting free markets and endangering democracy.  “As a result,” Stockman says, “we have neither capitalism nor democracy. We have crony capitalism.”

 

Stockman shares details on how the courtship of politics and high finance have turned our economy into a private club that rewards the super-rich and corporations, leaving average Americans wondering how it could happen and who’s really in charge.

 

“We now have an entitled class of Wall Street financiers and of corporate CEOs who believe the government is there to do… whatever it takes in order to keep the game going and their stock price moving upward,” Stockman tells Moyers.

 

Also on the show, Moyers talks with Pulitzer Prize-winning New York Times reporter and columnist Gretchen Morgenson on how money and political clout enable industries to escape regulation and enrich executives at the top. Morgenson warned of Wall Street’s culpability in the widening income gap back in 2007 on Bill Moyers Journal. BillMoyers.com has that show -- and over a hundred more -- available for free viewing.

Timing and Cues

Timing and Cues
Timings are as they occur with a 5-minute news hole after the billboard.

Moyers & Company 102 Billboard: 00:00 – 01:00
In cue: [MUSIC] "I’m Bill Moyers. This week on Moyers & Company"
Out cue: "...after the news."

NPR Newscast Hole: 1:00 - 6:00

Moyers & Company 102 -- Segment 1: 6:00 – 29:00
In cue: [MUSIC] "Welcome, I’m Bill Moyers."
Out cue: "…and talk to the Pulitzer Prize winning New York Times columnist, Gretchen Morgenson."

Station Break 1: 29:00 – 30:00

Moyers & Company 102 – Segment 2: 30:00 – 59:00
In cue: [MUSIC] "I’m Bill Moyers, this is Moyers & Company"
Out cue: "That’s why we’re your retirement company"

Musical Works

Title Artist Album Label Year Length
TBD Jamie Lawrence; Elliot Music Co. Inc. ASCAP Moyers & Company. Good Mood Records 2012 :00

Related Website

http://www.billmoyers.com