Stockman makes clear that the facile left-right distinction of US politics obscures a deeper crisis of capitalism that spans the breadth of the American economic and political landscape. While he admits he has little hope that America can now change course, in closing he does offer a few specific policy recommendations that might, just might, lay the foundation for a Great American Reformation, were they to be implemented in future.
David Stockman talks about his important new book, 'The Great Deformation', which has outraged the establishment. Recorded at the beautiful and historic Metropolitan Club in New York, NY, on 21 May 2013. Includes a Question and Answer period.