Howard Schultz is ending his bid to become President of the United States of America—or at least blackmail Dems into supporting a billionaire-friendly centrist over more popular left-leaning candidates.
To his credit, he haltingly admits that a second Trump term would be worse than a lefty, though he's still whining about them.
Unfortunately, election rules in each state and the way this Democratic nomination process has unfolded pose another challenge: It has become more likely that the Democratic nominee will not be known before the deadlines to submit the required number of signatures for an independent to get on the ballot. If I went forward, there is a risk that my name would appear on ballots even if a moderate Democrat wins the nomination, and that is not a risk I am willing to take.
A good illustration of Howard Schultz's staggering arrogance is him thinking he'd still win a significant percent of the vote, even without campaigning at all, if someone like Joe Biden got the nomination.
Schultz's independent run is mirrored by similarly flagging efforts within the bosom of the party. But it's not just that the rich can't buy the Democratic nomination. They can't even buy 2%:
One of the Democrats in the race, Tom Steyer, is a billionaire like Mr. Schultz. Despite spending millions of dollars of his own money on advertising, he failed to qualify for next week’s debate because of low support in polls.
The bottom line: very few Americans are convinced that "medicare for all" is far-left extremism in the same way that "cage migrant children" is far-right extremism. Even media who entertain the both-sides viewpoint for one reason or another couldn't be bothered to note Schultz stopped campaigning weeks ago because of a back injury.
Thomas Piketty, the French economist behind 2014's game-changing Capital in the 21st Century, has a new book, Capital and Ideology (out in France now, coming in English in 2020), which uses the same long-run economic series that Capital 21C benefited from to understand the relationship between wealth and ideology. Central to Piketty's thesis: that it's […]
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