Michael Bloomberg appears hell-bent on redistributing vast sums of his own wealth, so as to (unintentionally) advance the cause of democratic socialism. EricLevitz writes
Let a thousand centrist candidates bloom. Photo: Stephen Maturen/Getty Images These are anxious days for Democrats who favor gated communities and unfettered trade. Americans who believe in a woman’s right to choose and private equity’s right to loot, now need a Klonopin with their morning news. Elizabeth Warren — the slayer of Summers, stumper of Stumpf, and all around bane of capital — boasts comfortable leads in Iowa and New Hampshire.
Although Uncle Joe isn’t an ideal standard-bearer, he’s still a totally viable one. In RealClearPolitics’s national polling average, Biden leads the field by nearly eight points. He’s in striking distance of Warren in New Hampshire, and blowing out his rivals in South Carolina. In hypothetical general-election surveys, he consistently outpolls the other Democrats, which surely bolsters his standing in the eyes of electability-obsessed primary-goers.
Now, Bloomberg still hasn’t quite made his “final decision” about running. And past precedent suggests that the dictates of reason may eventually prevail over the pleas of his ego . But the fact that he is even considering an entrance is a testament to the super-wealthy’s boundless capacity for self-delusion. Bloomberg won mayoral elections in New York City by building a coalition of moderate Democrats and Republicans, and wildly outspending all of his rivals.
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