Lang and O'Leary Exchange, CBC Newsworld

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Tommy_Paine
Lang and O'Leary Exchange, CBC Newsworld

http://www.cbc.ca/programguide/program/the_lang_oleary_exchange

 

So here's the thing.

Over the holidays, I was looking for a bit of news on something, so I turned to CBC Newsworld, only to catch this Kevin O'Leary guy pustulating not just right wing blither blather, but hackneyed right wing blither blather.

I recognize O'Leary from the Discovery chanel, and know of him from Dragon's Den commercials.  But all I really know is that he's some rich business guy.   Which is okay, I don't automatically take a dislike to business people, even right wing ones.   We all have our perspectives.

But what irked me was that CBC is publically owned, and they are subsidizing this bloviator a podium that he can well afford to buy on his own.  With, amoung other people's, my money.

 

I find that loathesome.

But wait! There's More!

Like I said above, I don't automatically dislike someone who has been sucessfull in business just because they've been sucessfull in business.  Hey, knock yourself out if that's what you want to do.

But O'Leary isn't a business person, per se.  He's an entrepenuer, which is spin for speculator, which is spin for parasite.  All he's done is buy and sell companies.  Maybe he adds value to them.  Maybe not.  I know Matel inc., has thoughts on the subject.

For just Shipping and Handling, I can also tell you O'Leary serves on many boards and such of private equity firms, and it's difficult for me to understand how his "reports"  on business are reliably free from conflict of interest.

 

But, if you act now, you can see the importation of Fox's "HANNITY and (colmes) " act, where O'Leary spouts outrageous outrageries and Lang looks on, nods and looks pretty.

 

So, if you've seen it, am I on track here?  Or am I just an old crank looking for excuses to be upset?

 

remind remind's picture

You are on the money, and  O'leary now has a new gig by Mark Burnett, called the Shark's Pond, or something like that, which is a steal from the Dragons Den, which is airing on Global this Friday...

Bookish Agrarian

Are those two questions mutually exclusive?  Innocent

Tommy_Paine

 

Yes, that is a false dichotomy.    

 

Okay.  Can this old crank looking for an excuse to be upset be accidentally on track here?

 

 

remind remind's picture

Yep,that show sucks and i resent the public'smoney being used to pay his wage and give us such stupid right wing rhetoric...

he actually says the following thought terminating cliche to guy on the new show, as indicated by the trailers...

 

"don't cry for money, it never cries for you".

WTH?  it doesn't even make sense

 

And yet they think it is worthy trailer material.

 

 

 

 

Bookish Agrarian

Tommy you are right the show is shat and also very misleading about what real business people actually think and do. 

remind remind's picture

Excellent observation, but I would add "most" to  business people, as I have met business people, who do think like O'Leary, sadly.

 

Bookish Agrarian

True enough

Jacob Richter

Most of his activity revolves around vulture (ahem, "venture") capitalism.

Pogo Pogo's picture

He sure seems to be modelled on Don Cherry.  Sad that CBC is reducing its business coverage to a clown playing to the far right.

genstrike

Pogo wrote:

He sure seems to be modelled on Don Cherry.  Sad that CBC is reducing its business coverage to a clown playing to the far right.

Yeah, except Don Cherry was the Don Cherry of hockey, so I can see why that kind of tough guy character in a hockey context might be popular with sports fans (not that I'm a fan)

On the other hand, no one likes watching some bald asshole in a suit act like scrooge, the Monopoly Man, Bernie Madoff, and a 19th century industrialist thrown into a blender, especially after assholes like this guy are the reason why they lost their jobs, their houses, or their retirement savings.

Farmpunk

And Lang and O'Leary is considered a hit. 

I've only watched the show, if it can be called that, a few times.  It's fun, because O'Leary is over the top and Lang is, well, Lang.  But it's not really business news that a businessperson can use, unless you're simply in the money game.  Meat puppets drive the new CBC, not information.

From what I understand, the CBC hired consultants for their TV operations.  The consultants pushed the CBC towards a CNN format, with all the baggage that brings with such a move. 

Lang and O'Leary will only grow, I suspect.  Unless both are given larger roles. 

N.R.KISSED

Shouldn't there be a show called "Dragon Slayers" where people take these types out...metaphorically speaking that is

Caissa

There was an interview with O'Leary in yesterday's Globe. He is Ms. C's favourite dragon. I'm partial to Brent. Despite it being primarily entertainment, I have a much better understanding of venture capitalism, marketing etc. since beginning to watch it.

I had an office mate in the mid-eighties who was a member of the IS. He read the Golbe business section religiously. His rationale " No thy enemy."

skarredmunkey

Tommy_Paine wrote:

But what irked me was that CBC is publically owned, and they are subsidizing this bloviator a podium that he can well afford to buy on his own.  With, amoung other people's, my money.

I find that loathesome.

Yeah well get used to it. That's how public programming works. Just because we pay your taxes doesn't give us veto power over CBC's programming decisions.  The CBC isn't mandated to showcase just the opinions of people who can't otherwise afford to do it, or people whose opinions you don't like.

ascot2

I have complained in writing about the Lang O'Leary program several times to the CBC, and have encouraged others to do the same. 

There is a bigger issue here than just whether you like what they are saying.  If you agree with the precept that we need to move to a more society oriented, equality-based system, one which also needs to be sustainable, then the Chicago School economic ideas being promoted by O'learey are about the worst thing possible for a society that needs to move forwared into a more socially responsible, greener world.  If there were a stronger advocate who could effectively argue against O'Leary's points, then that would be fine, but Lang usually get's steamrolled.

O'Leary's premise that "only money counts" is pure Reagan/Thatcherism, and has been shown not to have worked over the past 30 years....yes, money and investment return counts, but it's also about society, employees, the environment and long term sustainability.  People seem to have forgotten that some of the biggest corporations grew fastest in the past, when they employed those more wholistic values...IBM is an example.

The other O'Learyism, is that if government has something to do with it it must be bad.   That's nonnsense! Consumer Report, a while back, did a survey on the results of De-regulation after Reagan...in almost all cases, after a brief drop in prices, consumer prices went higher than the pre-deregulation trend shortly after.  With privatization it's the same thing.  After the private companies have added in all sorts of sneaky charges (customer fees, service fees, read-the-meter fees etc), we end up with higher costs, worse service and worst of all no political accountability for many of the services that used to be public but are now private.

I would love to have public auto insurance in Ontario, it's a much better system in BC and Manitoba.  Ontarioi had to cancel it's plans for a public system because it was feared that it would be challenged under NAFTA.

The Canadian Centre for Policy Alternatives (CCPA- I thoroughly recommend their monthly "Monitor" for those who haven't seen it) came out with estimates that the average Canadian get's in the region of $42K worth of value annually from taxes paid.  This is significantly more than the amount paid by most of us.  In other words taxes are often good value for money.

But try telling any of this to O'Leary.  It's a shame that the CBC would put such a fossil on it's business program, just when we need Canadian Businesses to come up with new ideas for our changing society.

thorin_bane

Can't stand him most of all from that brit rip off Dragons Dunce. More drivel from cbc. Lang is a right winger anyway. She is all business as well. It's a complete farce and a waste of half an hour. Complaint going in.

Jacob Richter

Pogo wrote:
He sure seems to be modelled on Don Cherry.  Sad that CBC is reducing its business coverage to a clown playing to the far right.

From what I've heard of their pairing on CBC, I think their pairing on the old Report on Business Television was more professional and less "political."

ennir

O'Leary puts a face on the ugly Canadian, he celebrates greed, ignorance and arrogance, all in all extemely offensive but then not surprising given that money is the measure of success in our society. The fact that CBC would promote him is a clear indication that their priorities have changed.  This is just one of the reasons I have no respect for the CBC.

Edit:  Well that was harsh, it would be more accurate to say my respect and support for the CBC has greatly diminished in the part few years.

 

 

Le T Le T's picture

Quote:
The other O'Learyism, is that if government has something to do with it it must be bad.

 

An odd stance for a guy who has not one, but two shows on the CBC!

thorin_bane

Well hypocracy has always been rightwingers strong suit. As long as the government is helping them it is OK. Like bailing out companies such as banks, allow them to go into defict(something any left government would be hung for in the media), subsidising oil. you know priorities.

remind remind's picture

Agreed thorin_bane, and you know the media is really complicit in this hypocrisy and crap spewing and other such classist shit.

 

Today on curling they had the audacity to refer to curlers that have won an cup or medal as "curling royalty", wth is with all this nonsense about rock royalty, fashion royalty, politcal royalty, etc etc.....they are really tryy to sew class divisions.

 

next thing ya know, O'Leary will be being referred to as "venture capital royalty"

Splitting Hairs

"But O'Leary isn't a business person, per se.  He's an entrepenuer, which is spin for speculator, which is spin for parasite."

 

I agree with you about O'Leary being a parasite, but dispute your definition of entrepenuership.  Someone running a pizza parlor is a business owner, whereas an entrepenuer is someone more willing/able to apply innovation and higher risk in order to create for example, a chain of pizza stores. For me, entrepenuership is just taking the practice of self employment to a higher level, and requires 3 key criteria, namely creativity, risk exposure, and heightened energy expenditure (financial, physical & emotional). 

 

"There is a bigger issue here than just whether you like what they are saying.  If you agree with the precept that we need to move to a more society oriented, equality-based system, one which also needs to be sustainable, then the Chicago School economic ideas being promoted by O'learey are about the worst thing possible for a society that needs to move forwared into a more socially responsible, greener world."

 

IMO, what you seem to be suggesting is a socialist system in Canada. If so, I would counter that this country is already one of the most socialist countries on this planet, and becoming even more so, would be counter productive. Canadian society is one that subscribes to the concept of "Forced Egalitarianism", i.e everyone is equal, and where averageness seems to be the ultimate goal.

What this country needs is "more" inhabitants with passion, drive, and personal initiative. More people not afraid to stand out, and who in fact relish it. If "more" Canadians placed a higher priority on excellence for themselves, and lived less vicariously through the success or failure of our hockey team's, we might someday have a nation of people as great as the country itself.

 

While I am most certainly right wing with regard to business matters, left of center is best for social issues. Afterall a country is only as great as its ability to take care of those people less fortunate.

 

Boom Boom Boom Boom's picture

I like Amanda Lang, but I absolutely can not stand O'Leary. I think he brings down the credibility of the show, and CBC made a huge mistake having him on, just like they did with having that Kory Tenecke fellow weigh in  on Power and Politics.

Fidel

Splitting Hairs wrote:

IMO, what you seem to be suggesting is a socialist system in Canada. If so, I would counter that this country is already one of the most socialist countries on this planet, and becoming even more so, would be counter productive. Canadian society is one that subscribes to the concept of "Forced Egalitarianism", i.e everyone is equal, and where averageness seems to be the ultimate goal.

That's a myth used to rile western Canadians who are told to believe that being born on third base(with the oil and gas) is the same as hitting a home run in terms of economic competitiveness. And western conservatives tend to believe whatever it is corporate lackies feed them. Afterall when theyre being robbed blind on oil royalties and profits siphoned off from under their feet at a frenzied pace, they have to tell them something.

Canada used to be an aspiring social democracy in the 1960's and 70's. That all changed beginning about the time that Milton Friedman praised Bank of Canada governor Gerald Buoey for his speech on monetarist monetarism in 1975. Since neoliberal ideology became the way in Canada, the country's gross national debt has skyrocketed and foreign ownership and control has become a significant feature of the Canadian economy.

I would say that Canada more resembles a rightwing Libertarian's dream come true. That is, Canada has become a group of loosely affiliated provinces governed by weak and  ineffective central government Ottawa. Supranational corporations love dealing with weaker territorial governments than strong central ones. And this is essentially what successive colonial administrativeships in Ottawa have created on the advice of neoliberal ideologues in the US and Canadian rightwing think tanks and as favours to Bay Street and marauding international capital. If there is socialism in Canada today, it is socialism for the rich. And it's time to get the rich off welfare.

Boom Boom Boom Boom's picture

Gotta go with Fidel on this.

thorin_bane

ME too if this is socialism I have no idea what a libertarian dream would be. Though I do think we are now heading into a totalitarian government. At least for an industrialized nation. Obviously this posters knows nothing of any eurpoean countries if he/she thinks canada is socialist. The only thing they can point to these days is healthcare...go figure the one thing all canadians love and it socialism given the chance to flourish.

I agree Boom Boom, Kory the Tory gets on my nerves almost as much as Evan. Evan letting him say what he wants without question and always allowed the last word makes Evan worse in my books. An enabler as it were. I thought Tim Powers was POS but this guy makes him look moderate. The right plays down and dirty without respect or worrying about lying. We have to concern ourselves about appearances because our people expect us to hold a standard while theirs support them even when facts tell them how corrupt they are. Stunning.

Scott Piatkowski Scott Piatkowski's picture

I like Amanda Lang as a reporter and a fill-in anchor (and not just because she "looks pretty"), but this kind a program calls for a debate between opposing viewpoints. Judy Rebick debating Clair Hoy worked in that regard. The Lang and O'Leary Exchange doesn't.

Fidel

I don't like O'Leary either, but he said something the other night that I think some of us would agree with. O'Leary said he is critical of this government's decision to subsidize Bombardier to the tune of so many billion dollars. As for myself, I like the idea of subsidizing a Canadian company, and they should have supported Nortel with strings attached. A Bombardier spokesperson said that Bombardier receives certain defence contracts, and that governments around the world subsidize defence research and development anyway. But I think that most economists would say that funnelling too much money into one basket is not good in terms of diversified economy and that concentrating investment in one most likely hurts job creation in other sectors. I can understant that as well as the moral issue of funding guns as opposed to butter end of the economy.

And then O'Leary said something startling. He said that most multi-billion dollar earnings corporations are looking to get out of North America and mainly due to the financial crises. That doesn't sound very promising. Or, perhaps it's an indication that there will be, has to be, significant change to the financial system and even western world monetary system driven by Friedmanite monetarist-monetarism itself. Michael Hudson says that this will have to happen within the next ten years, no doubt about it.

Boom Boom Boom Boom's picture

Even a broken clock is right twice a day.Laughing

Scott McWhinnie Scott McWhinnie's picture

I agree with Scott P, Amanda Lang has got something convincing going on in that I am more interested in business news when she is delivering it on The National, or subbing in on the main. No airs of a jerky Bay Street suit who argues for the hell of it.

She has a classic 1940's air about her like Kathrine Hepburn or Babe Bennett (!)

Strong sisters reading the news, about time!!!

Peter makes me all sleepy like. He only perks up when Claire Martin shows up and even then its tepid. "ha ha here's claire..."

I like all of the subs actually, specifically Mesley, the dapper "Ben" that appears every once in a while and of course - Hanomansing!

Now if they would only draft Hebert...

remind remind's picture

Vancouver CBC got Tony Parsons from Global TV, and he has replaced Hanomansing on the 6pm news cast with Gloria, so one wonders what Hanomansing is going to be up to, other than just field reporting.

O'Leary needs to bugger off, he is just feeding at the taxpayer's trough that he professes to hate happening so much. Apparently it is non-applicable to himself.

 

But then Peter and Wendy need to too.....

Tommy_Paine

 

I think a better idea than subsidizing Bombardier directly would be for the taxpayer to be a better customer of Bombardier.   It achieves the same ends-- protecting jobs, promoting and protecting a home grown world leader in technology, and at the end of the day, we'd have something tangable to show for it, like a high speed rail line, with Bombardier rolling stock.

 

Boom Boom Boom Boom's picture

I have a 2003 Bombarder 380 skidoo. Last winter was so mild, I only put 2 km on it - and I usually put on 1,500 every winter.

remind remind's picture

Thinkin on the high speed rail line benefits for the west......

 

what do you think tommy?

Tommy_Paine

 

About five years ago, I was surplussed from my position in the Quality Assurance department in the plant.   While I know I provided value for what I did, and I allways did more than was asked for me, a decision was made that all hourly people should be hands on, adding value to the product.

And that's the way you do things when reality rears it's ugly head.  You have to make sure everyone is adding value.   Putting, more than taking, might be another way of looking at things.

 

Trouble is, our entire economy in the last twenty years has been fantasy based.   I'm not sure how or why those tough old bastards in manufacturing allowed control of the economy out of their hands and into the hands of speculators, but they did.   

So, in the reality based economy what you see is a slow recovery.   Inventories have been cleared, and the next step is to slowly pay off the "bubble"  of debt created by venture capitalists who have "flipped" reality based industries to create artificial value. 

 

This is going to take a long time.   Longer than anyone dares say. 

 

In the mean time, what have we done?    We've established that large elements of the fantasy based economy, like Fanny Mae, Freddie Mac, etc., are "too big to fail".   They know that they can do what they want, and if it all goes bad, WE will pay the piper.

But we don't get to call the tune.  There's been no serious new regulations as of yet in any financial juristiction.  Like it or don't, we are living in a "global economy", yet there's no global consensus on how these financial too big to fail business are to be regulated.

 

So, the parasitic fantasy based economy is still supreme.   

 

We narrowly avoided another Great Depression by the skin of our teeth.   Next time, and it will be in the next decade, we cannot possibly be so lucky.

George Victor

TP:

"Trouble is, our entire economy in the last twenty years has been fantasy based.   I'm not sure how or why those tough old bastards in manufacturing allowed control of the economy out of their hands and into the hands of speculators, but they did."

 

They really had no say in it, TP. People went from investing in trusted stocks to equity ventures that paid the most. Suddenly there was no allegiance. It became a competion among money managers to see who could provide their clients with the best returns...and devil take the hindmost. Unfortunately, our pension funds, yours and mine, also became part of this game, so we've been doing it to ourselves for some time now (the Chicago School's thinking blessed it all) and we don't know how to get off. You will see some attempts to solve the riddle in thanks's offerings in other threads. We will have to (painfully) dump the global perspective and regain sovereignty over the use of our investment (retirement) funds. It will mean coming to terms with the historical processes that got us here...and with Pogo's famous declaration about the location of the enemy camp.

We sure as shucks aren't gong to shake that "parasitic fantasy based economy" without understanding the extent of our dependencies and the precariousness of the welfare state as a whole.

   

7th Generation

Dragon's Den - Canada's GONG show - as for Kevin - rude & now boring - I wouldn't go into business with him even if he was the last person on earth

thorin_bane

biggest open  jackass at the CBC...I am sure there are more like him just not on air or putting their views forth. He makes cherry seem almost normal.

thorin_bane

double sorry

Fidel

It's a strange show. O'Leary tells Amanda Lang that he's worried she doesn't have enough of her portfolio invested in China. KO says China is where it's at financially. Lang says, "Oh, no the US economy will miraculously climb out of the doldrums. O'Leary just laughs that comment off and points to a dead snail's pace economic growth in the US and affecting Canada for years to come.

I hate to say it but Kevin O'Leary does speak the truth from time to time. It's obvious from Amanda Lang's facial expressions that she is gauled by what KO says half the time. I wish she would speak up in those moments and say what's on her mind. I think she knows her stuff but should let us know that she does at the same time. She's making KO look good for some reason imo. She's too damn polite. She should unload on him. Ratings would soar.

thorin_bane

Its like what chomsky says. A lot of the time the right tell you what the think and do, he mentions the washington post. While the more centrist media does infotainment and distraction. "Why do they hate us" mame.

Doesnt mean its what we want but they tell the people in power the ideas they should all share, even if mainstream calls it fringe it really isn't.

 

 

Bullgoose

Einstein already said something about the unsustainability of "predatory capitalism",  but I like my formulation. "Competition is for losers." 

peejay

When oh when will the CBC realize that this is a much better show without Kevin O'Leary.  It is such a pleasure to watch this show when O'Leary is away and Amanda has another co-host.  There is intelligent discussion and opinions and it is possible to watch the entire show without havin to listen to O'Leary's constant harping and totally stupid commentary.  Thank heavens for the PVR so I can fast forward pretty much everything Kevin says.  Without it I would have to stop watching this show. 

Must we be continually subjected to O'Leary's constant drivel about government intervention and corporate taxes.  Maybe the government wouldn't feel the need to intervene in the markets so much if it weren't for vermin like him who will do anything to anyone to make a buck.  We will be much better off when we get rid of the O'Leary's of this world who think that everything and everyone exists simply for their profit and exploitation. It's also embarassing to listen to some of the stupid questions he asks the guests who appear to be too polite to call him a jackass.

Perhaps the CBC has taken the US model of controversial and shock TV and this program is supposed to be more "entertainment" than serious news or discussion.  Either way I think you could find someone more "entertaining" than O'Leary.  He is just "nauseating".

thorin_bane

You should see the interview Buckner did with this marshmellow. He got all cry baby because he remember the ONE SINGLE DAY in his life he worked for someone else. He was in a shop and at the end of the day the shop keeper told him to clean the gum off the floor. Well kev-o up and quit.

This from the same guy who argues to use people however you can. He sure didn't like it.

BobbyB

Is this where Canada's welfare losers hang out?  Kevin O'Leary is more interesting than the entire tribe of communist hacks who populate the rest of the CBC, and the jealous dumb bells here who envy him.  You'd like to get your own greedy paws on his money though, eh?

Catchfire Catchfire's picture

...Aaaaand that's BobbyB done. Thanks for dropping by.

Caissa

You never let us have a troll to play with. Frown

Caissa

You never let us have a troll to play with. Frown

peejay

I love it when the scare mongers start calling eveyone who likes a balanced view "communist", guess most of them aren't too creative and don't like to think too hard so throwing out this phrase is a no brainer.  If Bobby finds Kevin so interesting there are several places he can watch him or there are now a myriad of "Reality Shows" which is just mostly ass&*les on parade which he might also find interesting because they are just more of the same. 

As for being jealous of all his money,  having money isn't a bad thing.  How you get it might be.

O'Leary got his fame being a big mouth, unfortunately it's not a new concept.  It just amazes me that there are people who still find it interesting.  He has no idea what he's talking about half the time and he never let's facts get in the way of his opinions.  If you find loud and arrogant interesting, I guess he's right up your alley.

BTW he loves the "communists" - China is his new BFF.

 

thorin_bane

Exactly peejay(china) lang is a lightweight who loves the states, not very objective just a Continentalist, and certainly isn't leftwing. Has she ever advocated nationalizing anything even nessesities. So its like Colmes and Hannity. Or our very own Dumbass Trump to stink up the joint at the CBC. Bobby B would be the first one of these idiots crying(as he does in his post) about the leftwing bias on the CBC. If it was then how does O'Leary, Evan Soloman, Cherry, Rex Murphy, Andrew Coyne etc etc etc  have their jobs. Can't fix stupid I guess.

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