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re: Tucker’s Segment on Paul Singer and Sidney,NE
Posted on 12/3/19 at 7:55 pm to hottub
Posted on 12/3/19 at 7:55 pm to hottub
I see this as part of unfettered capitalism that is not ethical.
The ability to be rich shouldn't come at the expense of laying waste to that many people's livelihoods. That's not building a better widget or developing a better service, what he and people like him are doing is just wrong.
The ability to be rich shouldn't come at the expense of laying waste to that many people's livelihoods. That's not building a better widget or developing a better service, what he and people like him are doing is just wrong.
Posted on 12/3/19 at 9:36 pm to Cuz413
The aspect that Tucker does not understand, and people fail to realize in these situations, is that the never-ending pursuit of shareholder returns dictate this. I'm not commenting on whether or not that's good or bad. Bur for anyone in this thread that disagrees with this happening, feel free to liquidate your 401(k) or child's college fund, or don't take your pension when you retire. Because you have benefited from this exact dynamic numerous times whether you realize it or not.
The second point is that Tucker likes to evoke the ever-powerful imagery of blight and socioeconomic decay in small-town and rural America. I don't disagree that it is a depressing concept. But automation and outsourcing are the predominant reason for this, especially in the rust belt. The maturation of our economy, and transition to other energy sources (whether artificially impelled by the government or not) has certainly not helped the coal industry either. Sometimes it's the albatross of unionization affecting an industry like the auto sector. There are lots of factors in play here, ascribing it simply to evil vulture capitalists like Mitt Romney is lazy "journalism" at best.
The second point is that Tucker likes to evoke the ever-powerful imagery of blight and socioeconomic decay in small-town and rural America. I don't disagree that it is a depressing concept. But automation and outsourcing are the predominant reason for this, especially in the rust belt. The maturation of our economy, and transition to other energy sources (whether artificially impelled by the government or not) has certainly not helped the coal industry either. Sometimes it's the albatross of unionization affecting an industry like the auto sector. There are lots of factors in play here, ascribing it simply to evil vulture capitalists like Mitt Romney is lazy "journalism" at best.
This post was edited on 12/3/19 at 9:39 pm
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