LONDON - JUNE 21: Chairman of News Corporation Rupert Murdoch listens during The Times CEO summit at the Savoy Hotel on June 21, 2011 in London, England. The summit included News Corporation chairman Rupert Murdoch, chief executives of Goldman Sachs, Santander and Vodafone and Labour Leader Ed Miliband. (Photo by Ben Gurr - WPA Pool/ Getty Images)
Photo: WPA Pool/2011 Getty Images
Pay no mind to the media mogul just moving around some money: The embattled, but still rich and impossibly powerful, News Corp. CEO sold 3.6 million of his A shares for “financial planning” reasons, but don’t get too excited — B shares, of which the Murdoch family owns 40 percent, are the ones that come with boardroom votingprivileges.
Obviously Bloomberg is gonna be at the center of tonight’s attacks, but he’s…not the one leading the polls. Buttigieg is by far the most intent on keeping some focus on the guy who’s far ahead of the pack in recent polling (Bernie). -gd
[B]ad systems corrupt good individuals [by] enlisting our self-interest to convince us to betray our values. And make no mistake: America’s campaign finance system is a disaster. Most candidates can’t self-finance their campaigns, so they spend a disproportionate amount of time asking the rich to donate to their campaigns. Those donations are limited to $2,800 per individual, but the Supreme Court believes political spending is a protected form of free speech, so the rich can spend as much as they want on their own campaigns, or on Super PACs to push their political agendas.
Populists like Bernie Sanders, Elizabeth Warren, and, in his complicated and contradictory ways, even Donald Trump, have risen in part because Americans loathe seeing their political system bought by the rich. Bloomberg isn’t so much a defense against those critiques as he is a confirmation of them. The populists say that politics is rigged, elections are bought by those with enough money to spend, modern liberalism is mere lipstick on perpetual corporatism. Bloomberg is here to test whether they’re right. He may pitch himself to centrists as an answer to the populists, but in leveraging his fortune to fight them, he offers the country the (hopefully) false choice between populism and oligarchy.