Crony Capitalism is Behind Some of the U.S. Economic Woes, Says Economist John Mauldin

Noted economist John Mauldin shares his views on crony capitalism, U.S. tax rates, and the risks in Europe during a wide ranging interview with TheStreet's Rhonda Schaffler. Mauldin attended Camp Kotok, the annual retreat for economists and money managers held at Grand Lake Stream, Maine. Mauldin explains that America needs to rethink the way government works, not the way capitalism works.