Wednesday on Fox News Channel’s “Tucker Carlson Tonight,” host Tucker Carlson opened the program by reacting to Sen-elect Mitt Romney’s (R-UT) public critique of President Donald Trump.

Carlson reminded viewers of Romney’s path to prosperity at Bain Capital and how his exploitation of the “finance-based economy” had implications on real Americans. Carlson said it was indicative of the broader problem of how the ruling class is harming the country overall, which led to the election of Trump.

Transcript as follows:

Good evening and welcome to Tucker Carlson Tonight. Happy New Year. Newly-elected Utah senator Mitt Romney kicked off 2019 with an op-ed in the Washington Post savaging Donald Trump’s character and leadership. Romney’s attack and Trump’s response this morning on Twitter are the latest salvos in a longstanding personal feud between the two men. It’s even possible that Romney is planning to challenge Trump for the Republican nomination in 2020. We’ll see. But for now, Romney’s piece is fascinating on its own terms. It’s a window into how the people in charge, in both parties, see our country.

Romney’s main complaint is that Donald Trump is a mercurial and divisive leader. That’s true of course. Beneath the personal slights, though, Romney has a policy critique. He seems genuinely angry that Trump might pull American troops out of the Syrian civil war. Romney doesn’t explain how staying in Syria would benefit America. He doesn’t appear to consider that a relevant question. More policing in the Middle East is always better. We know that. Virtually everyone in Washington agrees.

Corporate tax cuts are also popular in Washington, and Romney is strongly on board with those too. His piece throws throws a rare compliment to Trump for cutting the corporate rate a year ago. This isn’t surprising. Romney spent the bulk of his business career at a firm called Bain Capital. Bain Capital all but invented what is now a familiar business strategy: take over an existing company for a short period of time, cut costs by firing employees, run up the debt, extract the wealth, and move on, sometimes leaving retirees without their earned pensions. Romney became fantastically rich doing this. Meanwhile, a remarkable number of those companies are now bankrupt or extinct. This is the private equity model. Our ruling class sees nothing wrong with it. It’s how they run the country.

Mitt Romney refers to unwavering support for a finance-based economy and an internationalist foreign policy as the “mainstream Republican” view. He’s right. For generations, Republicans have considered it their duty to make the world safe for banking, while simultaneously prosecuting ever more foreign wars. Modern Democrats generally support these goals. There are signs, however, that most people do not support this, and not just in America. In countries around the world — France, Brazil, Sweden, the Philippines, Germany, and many others — voters are suddenly backing candidates and ideas that would have been unimaginable just a decade ago. These are not isolated events. What you’re watching is populations revolting against leaders who refuse to improve their lives.

Something like this has been in happening in our country for three years. Donald Trump rode a surge of popular discontent all the way to the White House. Does he understand the political revolution he harnessed? Can he reverse the economic and cultural trends that are destroying America? Those are open questions. But they’re less relevant than we think. At some point, Donald Trump will be gone. The rest of us will be too. The country will remain. What kind of country will be it be then? How do we want our grandchildren to live?

These are the only questions that matter. The answer used to be obvious: the overriding goal for America is more prosperity, meaning cheaper consumer goods. But is that still true? Does anyone still believe that cheaper iPhones, or more Amazon deliveries of plastic garbage from China are going to make us happy? They haven’t so far. A lot of Americans are drowning in stuff. Yet drug addiction and suicide are depopulating large parts of the country. Anyone who thinks the health of a nation can be summed up in GDP is an idiot.

The goal for America is both simpler and more elusive than mere prosperity. It’s happiness. There are a lot of ingredients in being happy: Dignity. Purpose. Self-control. Independence. Above all, deep relationships with other people. Those are the things that you want for your children. They’re what our leaders should want for us, and would if they cared. But our leaders don’t care. We are ruled by mercenaries who feel no long-term obligation to the people they rule. They’re day traders. Substitute teachers. They’re just passing through. They have no skin in this game, and it shows. They can’t solve our problems. They don’t even bother to understand our problems.

One of the biggest lies our leaders tell is that you can separate economics from everything else that matters. Economics is a topic for public debate. Family and faith and culture, those are personal matters. Both parties believe this. Members of our educated upper-middle-classes, now the backbone of the Democratic Party, usually describe themselves as fiscally responsible and socially moderate. In other words, functionally libertarian. They don’t care how you live, as long as the bills are paid and the markets function. Somehow they don’t see a connection between people’s personal lives and the health of our economy, or for that matter, the country’s ability to pay its bills. As far as they’re concerned, these are two totally separate categories.

Social conservatives, meanwhile, come to the debate from the opposite perspective, but reach a strikingly similar conclusion. The real problem, you’ll hear them say, is that the American family is collapsing. Nothing can be fixed before we fix that. Yet, like the libertarians they claim to oppose, many social conservatives also consider markets sacrosanct. The idea that families are being crushed by market forces seems never to occur to them. They refuse to consider it. Questioning markets feels like apostasy.

Both sides miss the obvious point: culture and economics are inseparably intertwined. Certain economic systems allow families to thrive. Thriving families make market economies possible. You can’t separate the two. It used to be possible to deny this. Not anymore. The evidence is now overwhelming. Consider the inner cities. Thirty years ago, conservatives looked at Detroit or Newark and were horrified by what they saw. Conventional families had all but disappeared in poor neighborhoods. The majority of children were born out of wedlock. Single mothers were the rule. Crime and drugs and disorder became universal. What caused this nightmare? Liberals didn’t want to acknowledge the question. They were benefiting from the disaster, in the form of reliable votes. Conservatives, though, had a ready explanation for inner city dysfunction: big government. Decades of badly-designed social programs had driven fathers from the home and created what they called a “culture of poverty” that trapped people in generational decline.

There was truth in what the conservatives said. But it wasn’t the whole story. How do we know? Because virtually the same thing has happened decades later to an entirely different population. In many ways, rural America now looks a lot like Detroit. This is striking because rural Americans don’t seem to have much in common with people from the inner city. These groups have different cultures, different traditions and political beliefs. Usually they have different skin colors. Rural people are white conservatives, mostly. Yet the pathologies of modern rural America are familiar to anyone who visited downtown Baltimore in the 1980s: Stunning out of wedlock birthrates. High male unemployment. A terrifying drug epidemic.

Two different worlds. Similar outcomes. How did this happen? You’d think our ruling class would be interested in knowing the answer. Mostly they’re not. They don’t have to be. It’s easier to import foreign labor to take the place of native-born Americans who are slipping behind. But Republicans now represent rural voters. They ought to be interested. Here’s a big part of the answer: male wages declined. Manufacturing, a male-dominated industry, all but disappeared over the course of a generation. All that remained in many areas were the schools and the hospitals, both traditional employers of women. In many places, women suddenly made more than men. Before you applaud this as a victory for feminism, consider the effects. Study after study has shown that when men make less than women, women generally don’t want to marry them. Maybe they should want to, but they don’t. Over big populations, this causes a drop in marriage, a spike in out of wedlock births, and all the familiar disasters that follow: more drug and alcohol abuse, higher incarceration rates, fewer families formed in the next generation. This isn’t speculation, or propaganda from the evangelicals. It’s social science. We know it’s true. Rich people know it best of all. That’s why they get married before they have kids. That model works. Increasingly, marriage is a luxury only the affluent in America can afford.

And yet, and here’s the bewildering and infuriating part, those very same affluent married people, the ones making virtually all the decisions in our society, are doing pretty much nothing to help the people below them get and stay married. Rich people are happy to fight malaria in Congo. But working to raise men’s wages in Dayton or Detroit? That’s crazy.

This is negligence on a massive scale. Both parties ignore the crisis in marriage. Our mindless cultural leaders act like it’s still 1961, and the biggest problem American families face is that sexism is preventing millions of housewives from becoming investment bankers or Facebook executives.

For our ruling class, more investment banking is always the answer. They teach us it’s more virtuous to devote your life to some soulless corporation than it is to raise your own kids. Sheryl Sandburg of Facebook wrote an entire book about this. Sandburg explained that our first duty is to shareholders, above our own children. No surprise there. Sandburg herself is one of America’s biggest shareholders. Propaganda like this has made her rich. What’s remarkable is how the rest of us responded. We didn’t question why Sandburg was saying this. We didn’t laugh in her face at the pure absurdity of it. Our corporate media celebrated Sandburg as the leader of a liberation movement. Her book became a bestseller: Lean In. As if putting a corporation first is empowerment. It’s not. It’s bondage. Republicans should say so.

They should also speak out against the ugliest parts of our financial system. Not all commerce is good. Why is it defensible to loan people money they can’t possibly repay? Or charge them interest that impoverishes them? Payday loan outlets in poor neighborhoods collect 400 percent annual interest. We’re ok with that? We shouldn’t be. Libertarians tell us that’s how markets work: consenting adults making voluntary decisions about how to live their lives. OK. But it’s also disgusting. If you care about America, you ought to oppose the exploitation of Americans, whether it’s happening in the inner city or on Wall Street.

And by the way, if you really loved your fellow Americans, if it would break your heart to see them high all the time. Which they are. A huge number of our kids, especially our boys, are smoking weed constantly. You may not realize that, because new technology has made it odorless. But it’s everywhere. That’s not an accident. Once our leaders understood they could get rich from marijuana, marijuana became ubiquitous. In many places, tax-hungry politicians have legalized or decriminalized it. Former Speaker of the House John Boehner now lobbies for the marijuana industry. His fellow Republicans seem fine with that. “Oh, but it’s better for you than alcohol,” they tell us. Maybe. Who cares? Talk about missing the point. Try having dinner with a 19-year-old who’s been smoking weed. The life is gone. Passive, flat, trapped in their own heads. Do you want that for your kids? Of course not. Then why are our leaders pushing it on us? You know the reason. Because they don’t care about you.

When you care about people, you do your best to treat them fairly. Our leaders don’t even try. They hand out jobs and contracts and scholarships and slots at prestigious universities based purely on how we look. There’s nothing less fair than that, though our tax code comes close. Under our current system, an American who works for a salary pays about twice the tax rate of someone who’s living off inherited money and doesn’t work at all. We tax capital at half of what we tax labor. It’s a sweet deal if you work in finance, as many of the richest people do. In 2010, for example, Mitt Romney made about $22 million dollars in investment income. He paid a federal tax rate of 14 percent. For normal upper-middle-class wage earners, the federal tax rate is nearly 40 percent. No wonder Romney supports the status quo. But for everyone else, it’s infuriating. Our leaders rarely mention any of this. They tell us our multi-tiered tax code is based on the principles of the free market. Please. It’s based on laws that Congress passed, laws that companies lobbied for in order to increase their economic advantage. It worked well for those people, but at a big cost to everyone else. Unfairness is profoundly divisive. When you favor one child over another, your kids don’t hate you. They hate each other. That happens in countries too. It’s happening in ours, probably by design. Divided countries are easier to rule. Nothing divides us like the perception that some people are getting special treatment. In our country, some people definitely are. Republicans should oppose that with everything they have.

What kind of country do you want to live in? A fair country. A decent country. A cohesive country. A country whose leaders don’t accelerate the forces of change purely for their own profit and amusement. A country you might recognize when you’re old. A country that listens to young people who don’t live in Brooklyn. A country where you can make a solid living outside of the big cities. A country where Lewiston, Maine seems almost as important as the west side of Los Angeles. A country where environmentalism means getting outside and picking up the trash. A clean, orderly, stable country that respects itself. And above all, a country where normal people with an average education who grew up no place special can get married, and have happy kids, and repeat unto the generations. A country that actually cares about families, the building block of everything.

What will it take a get a country like that? Leaders who want it. For now, those leaders will have to be Republicans. There’s no option at this point. But first, Republican leaders will have to acknowledge that market capitalism is not a religion. Market capitalism is a tool, like a staple gun or a toaster. You’d have to be a fool to worship it. Our system was created by human beings for the benefit of human beings. We do not exist to serve markets. Just the opposite. Any economic system that weakens and destroys families isn’t worth having. A system like that is the enemy of a healthy society.

Internalizing this won’t be easy for Republican leaders. They’ll have to unlearn decades of bumper sticker-talking points and corporate propaganda. They’ll likely lose donors in the process. Libertarians are sure to call any deviation from market fundamentalism a form of socialism. That’s a lie. Socialism is a disaster. It doesn’t work. It’s what we should be working desperately to avoid. But socialism is exactly what we’re going to get, and soon, unless a group of responsible people in our political system reforms the American economy in a way that protects normal people.

If you want to put America first, you’ve got to put its families first.