The Great Deformation

The Great Deformation is a detailed critique of the corruption of capitalism in America.

David Stockman argues that the country's economic policies have been hijacked by crony capitalist forces, leading to fiscal cliffs, speculative finance, and the enrichment of a few at the expense of the many.

The book traces the historical roots of these issues, from Franklin Roosevelt's New Deal to the policies of recent administrations, including those of George W. Bush and Barack Obama.

Stockman also highlights the role of the Federal Reserve and key figures like Alan Greenspan and Ben Bernanke in fostering bubble finance and debt addiction.

The book contrasts these with statesmen who championed sound fiscal policies and free market discipline.