The Gilded Age was a term coined by Mark Twain that identified the transformative era of the robber barons in the late nineteenth century. Today, we live in a second Gilded Age that was analyzed by Tucker in this program.
The employees of Andrew Carnegie and John D. Rockefeller were often treated abominably. However, Carnegie and Rockefeller were also great philanthropists returning much of their fortunes to the American people. But today, it is a different breed of mogul, and the result is the desiccated American city with shuttered buildings and bankrupt businesses.
At the close of the first Gilded Age, Henry Ford doubled his factory workers' wages, and he thereby helped to create the American middle class. But in 2019, it is impossible to imagine the private tycoons caring about ordinary Americans, when they outsource jobs, fire middle management, and dump entire companies for instant mega-profits.
As a prime model of the machinations of the Second Gilded Age, Tucker offered the example of Paul Singer, who parasitically feeds off struggling foreign nations to float loans, then, after they have revived, demands a payback with interest. For this and other ploys, Singer is known as "the world's most feared investor."
The Singer approach to hedge funds has actually been banned in the UK. But in America, Sidney, Nebraska is a case study in Singer's manipulation of elite financial games, resulting in the slow death of a once thriving American town. Cabela's sporting goods outlets were a thriving sporting goods outlet that was bought up by Singer. After a merger, he cashed out his stock, reaped the hedge fund profits, and destroyed the livelihoods of 2,000 workers in Sidney, which was the company's administrative center.
The Cabella's workers would not even talk on camera to Fox news, and during this program, an official in Washington, D.C. texted Tucker, indicating that it was courageous to tackle the taboo subject of Paul Singer. The office of Nebraskan Republican Senator Ben Sass would not even return calls from Fox, and it was revealed that the Sass campaign received a hefty contribution from Paul Singer. Mark Twain would have easily recognized the hand-and-glove relationship of the robber barons of his age and equally reprehensible members of the United States Senate.
Tucker also covered the resurgence of a McCarthyism, taking the form today of accusing those who disagree with the status quo of being assets of Vladimir Putin. That was the case over the Thanksgiving weekend in an interview with Senator John Kennedy (R, Louisiana) who was interviewed by NBC political anchor Chuck Todd. Todd implied that Kennedy was a stooge of Putin. An MSNBC broadcast commentator also alluded to "addled Russian assets" with those challenging the media's preferred perspective on Ukraine.
Aaron Maté of "The Nation" joined Tucker and claimed that Senator Kennedy was only stating a fact. Maté also referred to misleading reporting about such major stories as the chemical warfare allegedly used in Syria. For Maté, the insanity must end by getting back to journalistic integrity that examines evidence, as opposed to theory.
The employees of Andrew Carnegie and John D. Rockefeller were often treated abominably. However, Carnegie and Rockefeller were also great philanthropists returning much of their fortunes to the American people. But today, it is a different breed of mogul, and the result is the desiccated American city with shuttered buildings and bankrupt businesses.
At the close of the first Gilded Age, Henry Ford doubled his factory workers' wages, and he thereby helped to create the American middle class. But in 2019, it is impossible to imagine the private tycoons caring about ordinary Americans, when they outsource jobs, fire middle management, and dump entire companies for instant mega-profits.
As a prime model of the machinations of the Second Gilded Age, Tucker offered the example of Paul Singer, who parasitically feeds off struggling foreign nations to float loans, then, after they have revived, demands a payback with interest. For this and other ploys, Singer is known as "the world's most feared investor."
The Singer approach to hedge funds has actually been banned in the UK. But in America, Sidney, Nebraska is a case study in Singer's manipulation of elite financial games, resulting in the slow death of a once thriving American town. Cabela's sporting goods outlets were a thriving sporting goods outlet that was bought up by Singer. After a merger, he cashed out his stock, reaped the hedge fund profits, and destroyed the livelihoods of 2,000 workers in Sidney, which was the company's administrative center.
The Cabella's workers would not even talk on camera to Fox news, and during this program, an official in Washington, D.C. texted Tucker, indicating that it was courageous to tackle the taboo subject of Paul Singer. The office of Nebraskan Republican Senator Ben Sass would not even return calls from Fox, and it was revealed that the Sass campaign received a hefty contribution from Paul Singer. Mark Twain would have easily recognized the hand-and-glove relationship of the robber barons of his age and equally reprehensible members of the United States Senate.
Tucker also covered the resurgence of a McCarthyism, taking the form today of accusing those who disagree with the status quo of being assets of Vladimir Putin. That was the case over the Thanksgiving weekend in an interview with Senator John Kennedy (R, Louisiana) who was interviewed by NBC political anchor Chuck Todd. Todd implied that Kennedy was a stooge of Putin. An MSNBC broadcast commentator also alluded to "addled Russian assets" with those challenging the media's preferred perspective on Ukraine.
Aaron Maté of "The Nation" joined Tucker and claimed that Senator Kennedy was only stating a fact. Maté also referred to misleading reporting about such major stories as the chemical warfare allegedly used in Syria. For Maté, the insanity must end by getting back to journalistic integrity that examines evidence, as opposed to theory.