Bill Moyers & Kevin Phillips on Bad Money
Sunday, September 21, 2008 |
Bill Moyers sits down with former Nixon White House strategist and political
and economic critic Kevin Phillips, whose latest book BAD MONEY: RECKLESS
FINANCE, FAILED POLITICS, AND THE GLOBAL CRISIS OF AMERICAN CAPITALISM
explores the role that the crumbling financial sector played in the
now-fragile American economy.
BILL MOYERS: If you read only one book on the route to this financial
meltdown, I recommend this one: BAD MONEY: RECKLESS FINANCE, FAILED
POLITICS, AND THE GLOBAL CRISIS OF AMERICAN CAPITALISM. The author, Kevin
Phillips, has a history of being way ahead of the curve. As a young man
working for Richard Nixon, he wrote THE EMERGING REPUBLICAN MAJORITY, a book
that uncannily predicted how the GOP would regain power in Washington. Kevin
Phillips saw our current crisis coming a long time ago. And in one book of
historical insight after another, laid out the clues he was tracking. As
recently as last spring in the AMERICAN PROSPECT magazine, Phillips wrote
that what he thought was about to happen would be "unusual and potentially
tragic."
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