Bloomberg and the Plight of the Oligarchs
18th November 2019
If the tentative entrance of former New York Mayor Michael Bloomberg into the Presidential race materializes, he may discover difficulty of being an oligarch in an increasingly socialist-minded party. Bloomberg, whose fortune is estimated at $50 billion, many times Trump’s estimated $3 billion, much less Tom Steyer’s comparatively meager $1.6 billion, epitomizes the very capitalist class so detested by party activists.