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The Great Deformation Audiobook

The Great Deformation: The Corruption of Capitalism in America

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Publisher's Summary

A coruscating, brilliantly insightful exegesis of where capitalism went wrong, how it was corrupted, and how it might be restored, by outspoken former Reagan budget director and best-selling author David Stockman.

David Stockman was the architect of the Reagan Revolution that was meant to restore sound money principles to the United States government. It failed, derailed by politics, special interests, welfare, and warfare. In The Great Deformation, Stockman describes how the working of free markets and democracy has long been under threat in America and provides a surprising, nonpartisan catalog of the corrupters and defenders. His analysis overturns the assumptions of Keynesians and monetarists alike, showing how both liberal and neoconservative interference in markets has proved damaging and often dangerous. Over time, crony capitalism has made fools of us all, transforming Republican treasury secretaries into big-government interventionists and populist Democrat presidents into industry-wrecking internationalists. Today’s national debt stands at nearly $16 trillion. Divided equally among taxpayers, each of us is $52,000 in debt. This book explains how we got here—and why this warped crony capitalism has betrayed so many of our hopes and dreams.

©2013 David A. Stockman (P)2013 Blackstone Audio, Inc

What the Critics Say

"Stockman performs a real service when he debunks the myths that have been associated with Reagan’s conservatism and promotes Eisenhower’s fiscal and military conservatism…Stockman forcefully conveys enormous amounts of knowledge." (Kirkus Reviews)

What Members Say

Average Customer Rating

4.1 (214 )
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Performance
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  •  
    Brad 05-23-16
    Brad 05-23-16
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    "Reality of the U.S. Central Bank's affect"

    Great information about the looming fiscal disaster in America if politicians are unchecked without limits


    0 of 0 people found this review helpful
  •  
    Peter Jensen DOTHAN, AL, US 03-30-16
    Peter Jensen DOTHAN, AL, US 03-30-16 Member Since 2014
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    "Must read for anyone fed up with crony capitalism"

    Brilliant, through, exhaustive treatise on crony capitalism and the failures of Keynesian economics. A must read

    0 of 0 people found this review helpful
  •  
    Mary 11-09-15
    Mary 11-09-15 Member Since 2015
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    "Scary"

    Outstanding. Explains the crony capitalism system we now suffer under.. Brilliant analysis.. Listened to it over and over..

    0 of 0 people found this review helpful
  •  
    Jim Colorado 11-01-15
    Jim Colorado 11-01-15 Member Since 2016
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    "Sobering and informative."

    A non-partisan look at the state of the US and world economy. I highly recommend it.

    0 of 0 people found this review helpful
  •  
    jose 09-30-15
    jose 09-30-15 Member Since 2012

    Engineer in St Louis, Missouri, United States

    HELPFUL VOTES
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    "Dang Good Book"

    You can like this book for two reasons. One is that it is a great read on the financial challenges this country has with government gone wild and out-of-control. Next, Stockman produces several hours of straight diatribe and invective like you may never get from any thing similar.

    I've read many books on economics and this is quality work with many new topics that you could not get from a lesser direct source. This was written by a congressman, cabinet member, investment banker, and a CEO.

    Stockman has a great understanding of budgets and money, shows throughout. If you read Creature of Jeckyl Island, this will be very interesting to you.

    0 of 0 people found this review helpful
  •  
    srm 03-26-15
    srm 03-26-15
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    "Did this author get paid by the word?"
    What was most disappointing about David Stockman’s story?

    The author repeats himself over, and over, again. The book probably could have been half the length and been equally informative.


    1 of 2 people found this review helpful
  •  
    RKCX 02-20-15
    RKCX 02-20-15
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    "It's a sad, sad story"
    Would you listen to The Great Deformation again? Why?

    No, this is a tough read and seems to get repetitious. I will definitely listen to select bits again, but not the whole sad story of betrayal.


    What was the most interesting aspect of this story? The least interesting?

    The sad fact is that it seems to all have the ring of truth. True capitalism has been assassinated by the crony capitalism version favored by government.


    What’s the most interesting tidbit you’ve picked up from this book?

    Low interest rates have corrupted the price finding mechanism of the market.


    Any additional comments?

    At the end of the book, Stockman makes some recommendations as to how the train wreck might be averted. However, everything he proposes leaves you thinking, "Yeah right, that will never happen."

    0 of 0 people found this review helpful
  •  
    Theo Tsourdalakis 01-03-15
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    "VERY TECHNICAL - HARD TO FOLLOW"

    There is a lot of good stuff in this book - but I found it hard to follow.
    The excessive use of economic jargon left me lost in many places.

    He makes many good points but the delivery is more complex and technical than it needs to be.
    Perhaps for those whose who are working in the finance sector it may be Ok, but for an engineer like me - it was pretty hard going for a lot of the time.
    I do however agree with his overalll conclusions:'
    - Capitalism has been taken captive by some elusive group
    - The American tax payer has been robbed greviously of over $700 billion
    - America is on the verge of financial collapse.

    0 of 0 people found this review helpful
  •  
    Rich Shields Abuja, Nigeria 11-22-13
    Rich Shields Abuja, Nigeria 11-22-13

    Abu Dhabi, UAE

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    "It's all here"
    Would you consider the audio edition of The Great Deformation to be better than the print version?

    Not read print version so no basis for comparison.


    What did you like best about this story?

    Efficient and comprehensive coverage of a vast topic.


    Have you listened to any of William Hughes’s other performances before? How does this one compare?

    No I have not.


    If you could give The Great Deformation a new subtitle, what would it be?

    It's all in here!


    Any additional comments?

    Superb work!

    0 of 0 people found this review helpful
  •  
    Howard Grove City, PA, United States 04-24-13
    Howard Grove City, PA, United States 04-24-13 Member Since 2016
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    "How do you know if you've lost your place?"

    I chose this book hoping to learn something useful about our economy. Instead I got a book that seems to be analogous of it: disjointed, complex, totally mysterious and above all, resembling an enormous Rube Goldberg machine with levers and buttons that the servants of the moneyed class pull and push like children running rampant on an active submarine. When it sinks, they will all point the finger of blame at someone else. I have long suspected this; Stockman’s book proves it. Or, at least I think it does. I could almost hear other people with his background shouting refutations and angry rebuttals at his interpretation of things.
    The greatest genius in the world teaches no one if he will not speak on their level. If portions of this book were accidentally shuffled on an iPod, how would you know? Knowledgeable authors are able to present things in a simple-enough manner to get their points across, while the ignorant ramble on as if they have insight and savvy flowing over. This author handles his subject as if it is so sophisticated that it can only be talked about using a never-ending stream of esotericism; acronyms, abbreviations and similes practically tripping over one another. I know the world of high finance has a language of its own, but,..“If the trumpet makes an uncertain sound, who shall prepare for battle?” One gets the idea he is trying to impress the reader. Mostly he baffles him.

    6 of 18 people found this review helpful

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