Up w/ Chris Hayes panelists Marcellus Andrews, professor of economics at Barnard College; Joe Weisenthal, deputy editor of BusinessInsider.com; Amy Goodman, host of "Democracy Now!"; and Karen Hunter, MSNBC contributor, discuss how the tax code's preferential treatment of debt financing has contributed to the private equity boom, and the profits of companies like Bain Capital.
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Over the past decade, Americans watched in bafflement and rage as one institution after another – from Wall Street to Congress, the Catholic Church to corporate America, even Major League Baseball – imploded under the weight of corruption and incompetence. In the wake of the Fail Decade, Americans have historically low levels of trust in their institutions; the social contract between ordinary citizens and elites lies in tatters.
How did we get here? With "Twilight of the Elites," Christopher Hayes offers a radically novel answer. Since the 1960s, as the meritocracy elevated a more diverse group of men and women into power, they learned to embrace the accelerating inequality that had placed them near the very top. Their ascension heightened social distance and spawned a new American elite--one more prone to failure and corruption than any that came before it.
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Mitt (Mutt On Roof) Romney a Gold Plated Hypocrite, lies like a child with No Morals! Unless He’s a complete Idiot and Just Repeats what’s Fed to Him by Advisers and has no Brain of his own, or He knows He’s Lying, and is a Liar!
Your Saturday, May 26, 2012 program with panelists Marcellus Andrews, professor of economics at Barnard College; Joe Weisenthal, deputy editor of BusinessInsider.com; Amy Goodman, host of "Democracy Now!"; and Karen Hunter, MSNBC contributor was one of the best discussion I seen on MSNBC because it was so illuminating and thoughful. Discussions of this sort, common on Democracy Now!, are rarely seen on corporate television. Marcellous Andrews was excellent! He has the ability to explain political economy that is clear and accessible to the general public. You are to be commended! Keep up the good work!.
Who did well in the Facebook IPO? I have read that it was Wall Street who suffered and if that is true, I'm pretty happy about that. They haven't even begun to suffer enough.
Also, I love your show and was pleased as punch to see Amy Goodman on your panel, but I couldn't stomach the attack on teachers' unions. I'm tired of hearing attacks on unions. If not for my union, SEIU, I would not have been able to retire with a modest but adequate pension in addition to my Social Security, and healthcare for life, in addition to Medicare. I would not have been able to provide my children with health and dental care. I think everyone should have those things. Instead, rich talking heads on TV and corrupt politicians want to make sure nobody has them. Please continue to discuss teachers' unions and unions in general. The American middle class never did so well as we did at the height of union membership.
In the 80's we called them junk bond dealers, in the 90's they were doing LBO's (leveraged buyouts) and in the 2000's they are called venture capitalists. Is this all the same with updated names?