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By Hatchet Media
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The podcast currently has 58 episodes available.
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Support us at hatchetmedia.substack.com In 1978, a South African accountant orchestrated one of the most audacious and ruthless hostile takeovers in the history of Canadian business. His name was Jack Cockwell. And over the next decade, he would build a corporate empire unlike anything Canada had ever seen. This is the third episode in our series examining the history of Brookfield. In our first two episodes, we traced the company’s lineage through Brazilian Traction, the neo-colonial monopoly that dominated South America, and through the Bronfmans, the bootlegging dynasty that supplied liquor to American gangsters during Prohibition. But those were just the origin stories. This episode is about what happened when those two worlds collided. Edper-Brascan controlled over 500 companies. The beer you drank, the team you watched, the mall you shopped at, the house you lived in — all of it could be traced back to this sprawling conglomerate. At its height, it was worth more than $120 billion. All of this was Jack Cockwell’s domain. Immigrant, corporate philosopher, ruthless operator, Cockwell single-handedly imposed his will on Canada’s business establishment and dominated the 1980s like no one else. But by the end of the decade, people on Bay Street began to whisper. Something was rotten at the heart of Cockwell’s empire. They said that the whole thing was a mirage. A lie. A house of card waiting to fall over. They all turned out to be right. To learn more: The Brass Ring: Power, Influence and the Brascan Empire by Patricia Best & Ann Shortell Edper by Keith Dalrymple “The Edper Puzzle” by Kimberly Noble in The Globe and Mail “The Second Coming” by Rod McQueen in The Financial Post “Fears for a Leveraged Leviathan” by Clyde Farnsworth in The New York Times “He was a titan of Bay Street and a senator. But J. Trevor Eyton died owing millions in taxes and on the verge of bankruptcy” by David Bruser & Jesse McLean in The Toronto Star This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit hatchetmedia.ca/subscribe

Support us at hatchetmedia.substack.com This is the second episode in our series about Brookfield, the Canadian financial giant. In our first episode, we told you about one half of the company’s corporate lineage — Brascan, the Canadian monopoly that dominated Brazil for half-a-century. But Brookfield has another parent — the Bronfman family. And their story is even more remarkable. It begins in the dusty prairie towns of Saskatchewan at the turn-of-the-century, where Jewish cowboys and American gangsters came together to create one of the great fortunes in world history. And behind every great fortune, there is a great crime. And the crimes of the Bronfmans were numerous. But they were able to get away with it all, thanks to bribery, destruction of evidence and the intimidation of witnesses. For decades, the Bronfmans were able to write their own history of how their wealth was acquired. But the truth can only stay buried for so long. The Bronfman dynasty is one of the greatest dynasties that the Americas have ever seen. But like so many dynasties, they would fall apart into ignominy. And at the centre of all of this was the most powerful businessman in Canadian history, the kingpin himself — Sam Bronfman. Featured in this episode: Stephen Maher, Jordan Cornish To learn more The Bronfman Dynasty: The Rothschilds of the New World by Peter C. Newman “The ties that bind the Liberals and the Bronfmans” by Stephen Maher in Maclean’s The Brass Ring: Power, Influence, and the Brascan Empire by Patricia Best & Ann Shortell The Bronfmans: The Rise and Fall of the House of Seagram by Nicholas Faith Mavericks: Canadian Rebels, Renegades and Anti-Heroes by Peter C. Newman Music “Throne of the Soul” by Nihilore. Adapted. Licensed under Creative Commons: By Attribution 4.0 License http://creativecommons.org/licenses/by/4.0/"Magic Escape Room" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 4.0 License http://creativecommons.org/licenses/by/4.0/ I dunno by grapes (c) copyright 2008 Licensed under a Creative Commons Attribution (3.0) license. Ft: J Lang, Morusque This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit hatchetmedia.ca/subscribe

This episode was first published on April 12th, 2025. Happy New Year, Hatchet listeners! The chance to put out good journalism is its own reward, but to everyone who has listened, shared, or supported us over the last year—thank you. We wanted to kick off the year by updating you on our series on Brookfield. It’s been a long road, but we’ll be publishing the next two new episodes this week, with more to come later in the month. We can’t wait for you to hear it. But before you do, we wanted to re-publish the first episode in the series. It’s an important primer for an increasingly complicated story. Brookfield has been in the news constantly over recent months. The Conservatives attacked the company for moving the headquarters of one of their subsidiaries to New York City. The NDP have accused it of avoiding taxes through offshore havens. And Prime Minister Mark Carney, the former chairman of Brookfield Asset Management, has found himself on the defensive because of his association with the company. But what these political attacks miss is a far more important story. It’s a story of a company that has been central to Canada’s history and economy for more than a century. So what exactly is Brookfield? That’s a question that we here at The Hatchet have set out to answer. What we found was a company that almost defies description. Brookfield has been a financial universe unto itself, operating by a different set of cosmic laws and fundamental forces than other corporations. It’s a company that’s shown an almost unparalleled talent for reinvention. Over its 125-year-history, it’s morphed from a neo-colonial experiment to Canada’s most ruthless corporate raider to a seemingly boring storehouse of our collective pension earnings. Now it is one of a tiny handful of financial entities that sit at the very centre of the global economy. And so that’s why we’ll be spending this series focusing exclusively on this incredibly important and yet rarely understood company. We’ll be digging into its epic history, its contentious present and what the continued domination of firms like Brookfield could mean for everyday people. In this first episode, we shine a light on it’s first incarnation — Brazilian Traction, Light and Power — and how it managed to dominate the people of South America’s biggest nation for most of the 20th century. Featured in this episode: Tyler Shipley To learn more Canada In The World: Settler Capitalism and the Colonial Imagination by Tyler Shipley The Brass Ring: Power, Influence and the Brascan Empire by Patricia Best & Ann Shortell Let Us Prey: The Practices and Profits of Canadian Corporations and Businessmen edited by Robert Chodos & Ray Murphy The Light: Brazilian Traction, Light, and Power Company Limited, 1899-1945 by Duncan McDowall Support us at hatchetmedia.substack.com The Hatchet is a podcast and newsletter dedicated to exposing power and money in Canada. We deliver important, original and fascinating journalism about how this country actually works. Music: I dunno by grapes (c) copyright 2008 Licensed under a Creative Commons Attribution (3.0) license. Ft: J Lang, Morusque This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit hatchetmedia.ca/subscribe

What does Danielle Smith want? The American threat has led to some strange bedfellows between the premiers and the feds. Leaders as different as Wab Kinew, Doug Ford and Mark Carney all seem to be on the same page. But not the Albertan premier. She’s been the odd woman out during the past few months. She maintained friendly contacts with the Trump administration, she argued against the use of export controls on Albertan energy and she’s has been openly hostile to the new prime minister. And then, a little over a week after the election, Smith announced that Alberta might hold a referendum on independence. Sort of. Kinda. She’s lowering the threshold for a citizen’s referendum, which could lead to an independence referendum as early as next year. And while she continues to maintain that she’s a Canadian nationalist, she sure sounds like she’s sympathetic to the separatist cause. So again, what exactly does Danielle Smith want? And would an independent Alberta even be a viable state? I decided to ask Jen Gerson, the co-founder of The Line. Gerson is one of the most astute observers of Albertan politics. And as you’ll hear in our conversation, she is not a fan of the premier’s flirtations with Albertan separatism. Featured in this episode: Jen Gerson (The Line) To learn more “Danielle Smith is destroying my kitchen” by Jen Gerson in The Line “Separatists release potential Alberta referendum question, expect Danielle Smith to join cause” by Jason Markusoff in CBC News Let the Eastern B******s Freeze in the Dark: The West Versus the Rest Since Confederation by Mary Janigan Support us at hatchetmedia.substack.com The Hatchet is a podcast and newsletter dedicated to exposing power and money in Canada. We deliver important, original and fascinating journalism about how this country actually works. Music: I dunno by grapes (c) copyright 2008 Licensed under a Creative Commons Attribution (3.0) license. Ft: J Lang, Morusque This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit hatchetmedia.ca/subscribe

Brookfield has been in the news constantly over the last few weeks. The Conservatives attacked the company for moving the headquarters of one of their subsidiaries to New York City. The NDP have accused it of avoiding taxes through offshore havens. And Prime Minister Mark Carney, the former chairman of Brookfield Asset Management, has found himself on the defensive because of his association with the company. But what these political attacks miss is a far more important story. It’s a story of a company that has been central to Canada’s history and economy for more than a century. So what exactly is Brookfield? That’s a question that we here at The Hatchet have set out to answer. What we found was a company that almost defies description. Brookfield has been a financial universe unto itself, operating by a different set of cosmic laws and fundamental forces than other corporations. It’s a company that’s shown an almost unparalleled talent for reinvention. Over its 125-year-history, it’s morphed from a neo-colonial experiment to Canada’s most ruthless corporate raider to a seemingly boring storehouse of our collective pension earnings. Now it is one of a tiny handful of financial entities that sit at the very centre of the global economy. And so that’s why we’ll be spending this series focusing exclusively on this incredibly important and yet rarely understood company. We’ll be digging into its epic history, its contentious present and what the continued domination of firms like Brookfield could mean for everyday people. In this first episode, we shine a light on it’s first incarnation — Brazilian Traction, Light and Power — and how it managed to dominate the people of South America’s biggest nation for most of the 20th century. Featured in this episode: Tyler Shipley To learn more Canada In The World: Settler Capitalism and the Colonial Imagination by Tyler Shipley The Brass Ring: Power, Influence and the Brascan Empire by Patricia Best & Ann Shortell Let Us Prey: The Practices and Profits of Canadian Corporations and Businessmen edited by Robert Chodos & Ray Murphy The Light: Brazilian Traction, Light, and Power Company Limited, 1899-1945 by Duncan McDowall Support us at hatchetmedia.substack.com The Hatchet is a podcast and newsletter dedicated to exposing power and money in Canada. We deliver important, original and fascinating journalism about how this country actually works. Music: I dunno by grapes (c) copyright 2008 Licensed under a Creative Commons Attribution (3.0) license. Ft: J Lang, Morusque This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit hatchetmedia.ca/subscribe
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