The Rising Tide Which Lifted All the Yachts

This is an excerpt from David Stockmans book: Trump’s War on Capitalism.

As we have  seen,  The  Donald’s economic policy  actions and nostrums were  thoroughly wrong-headed and  counterpro- ductive. But   the  opposite  assumption—that market capitalism was  working according to the  texts   penned by  Adam  Smith— was also  dead wrong and  had  been  for decades. Today’s bailout- ridden crony capitalism is not  remotely the  real  thing, and  that’s especially because free markets can’t functi...