Bloomberg has put himself and his fortune into the contest to rally his (ruling) classmates to the task of shoring up corporate control of the Party if Sanders seizes the top spot.
“The fate and fortunes of the oligarchy cannot be allowed to depend on Old Shaky Joe.”
U.S. oligarchs have begun to panic at the prospect that they will lose control of the other half of the American electoral duopoly. With the GOP in Donald Trump’s unreliable hands, the Democrats four years ago became the de facto ruling class party, and thus the favored brand of the national security state and most of the corporate media. Although there is not even one genuine anti-imperialist among congressional Democrats – certainly not Bernie Sanders or Elizabeth Warren — the party’s popular base is in revolt against a 40-year domestic austerity regime that offers nothing but ever-declining real wages, non-existent job security and a visibly decaying nation-scape. It has finally dawned on most Americans that they have been conscripted into a Global Race to the Bottom, and they want out of the downward spiral.