Bill Moyers Journal: 9/28/07: Capitalism In Crisis
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Is there a crisis in American capitalism? Investment industry giant John Bogle says that as more and more money managers take control over corporations on Wall Street, Main Street is paying the price. Named by Fortune magazine as one of the four "Giants of the 20th Century," Bogle tells Moyers: "The evidence is quite compelling that today corporations are run in a very important way to maximize the returns of its managers at the expense of its stockholders." Also on the program, NPR's Deborah Amos-just back from Damascus-and The New Yorker's George Packer on the Iraq war and what you haven't heard from Washington.
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