After the Iowa caucus resulted in a split decision between Pete Buttigieg and Bernie Sanders, few things seemed certain besides the need to question a process involving a lot more coin tosses than anyone wants to see in a country masquerading as a civilized democracy. Joe Biden placed fourth in Iowa, after Elizabeth Warren, but his precipitous fall from frontrunner status was buried beneath the story of how the Democratic Party came to launch the most consequential election in a generation by playing hot potato with a flip phone. Then Biden lost again. The startling shift left Democratic Party leaders searching for something to pretend to believe in, and, lo and behold, there was Mike Bloomberg’s bank account.

On Tuesday February 11th, New Hampshire voted in their primary, delivering first place to Sanders and fifth to Biden, revealing Biden’s tagline claim of electability to be yet another old story he insists on retelling. It’s still early in the race, but the surge for Sanders combined with Biden’s devastation has pundits and strategists declaring that centrist Democrats are increasingly looking to Bloomberg “as a potential savior.”

In a world where the ex-CEO of Goldman Sachs is tweeting unironically about Bernie Sanders being out to “wreck our economy” and disrespect our troops, the gatekeepers are pivoting to a billionaire media mogul with barely any political experience before 98 per cent of delegates have been decided. It really does beg the question: Do establishment Democrats stand for anything other than gaining power?

Bloomberg has made it clear that he would like to purchase the United States presidency. He has spent more than $350 million of his personal wealth on advertising for his campaign. He is paying to flood the political conversation with his image, inundating televisions, radios, phone and computer screens, as he shells out to purchase every form of attention-hooking that money can buy, including memes on Instagram. And that doesn’t even include payroll for a staff of thousands, which he is able to recruit by paying double what other campaigns offer. The spending of the Bloomberg campaign is a spectacle that includes regularly serving literal canapés, and that’s the point. Bloomberg’s entire case for the presidency is that he can pay for it.

It is ridiculous to assert that a caricature of the problem might be the best solution. It is because of moneyed interests that the voice of the American public has been reduced to wishes at 11:11. The Democratic and Republican parties would like us to believe that legislative compromise is impossible because the country is too polarized, but that’s bulls**t. The majority of the country would like to see solutions for the climate crisis, gun reform, and affordable healthcare — to name a few life-and-death issues — and yet we see nothing even remotely resembling effective policy.

Both Sanders and Warren have been labeled too “far left” in accordance with the binary crazy-making of extreme polarization laundered through bothsidesism, although, to that label, I must ask: Far to the left of what, exactly? It should not be considered “radical” to campaign upon returning the wealth and power of this nation to the hands of the people.

Michael Bloomberg defends financial discrimination

As the centrist Dems would have it, Bloomberg’s endless ad budget is the public’s best shot at ousting Trump. Except, the American people have a lot more to take down than the demonic sweet potato currently tweeting from the Oval Office. In acquitting the President after he was impeached by the House of Representatives, the Republican Senate revealed themselves to be what I think can safely be described as a white nationalist organization. By refusing to formally condemn Trump’s effort to enlist foreign election interference in our democracy, the most powerful members of the GOP made it clear that they are motivated only by preserving power for a certain type of citizen, and will do so at all costs. In my humble opinion, even any given idiot responsible for the Iowa caucus would make this country safer than it is under Trump. But the Democratic Party’s cowardly embrace of Bloomberg only changes the shape of the current American oligarchy.

The most sinister trick that Bloomberg’s money has bought is whitewashing what critics might call his history of contributing to the systemic oppression of people of color in New York. Supposedly, his bank account is more attractive to Democratic gatekeepers than the legacy of stop-and-frisk. The reported shift in sentiment among party leaders this week coincided with the release of a recording of Bloomberg espousing an explanation for the policy that sounded so blatantly racist, you would think it could have come out of a textbook definition of oppression. “Ninety-five percent of your murders — murderers and murder victims — fit one MO,” Bloomberg said in the clip. “You can just take the description, Xerox it and pass it out to all the cops. They are male, minorities, 16 to 25. That’s true in New York, that’s true in virtually every city.” He continued this policy with total disregard for the black and brown men living in terror of the police force allegedly assigned to protect them.

That clip only gained traction through ardent efforts by the progressive podcaster Benjamin Dixon, who recently tweeted, “Does it not terrify you that Mike Bloomberg is able to take his pocket change and purchase our democracy?” Apparently, the answer to that question is “no,” as far as Democratic party leaders are concerned.

Democratic candidates compete on the campaign trail: In pictures Show all 18 1 /18 Democratic candidates compete on the campaign trail: In pictures Democratic candidates compete on the campaign trail: In pictures Jessica Canicosa, a precinct captain for Bernie Sanders, waits to greet caucus voters at Liberty High School in Henderson, Nevada REUTERS Democratic candidates compete on the campaign trail: In pictures Hotel workers at the Bellagio in Las Vegas get to grips with voting papers during the Nevada caucuses AFP via Getty Images Democratic candidates compete on the campaign trail: In pictures A caricature of Bernie Sanders is projected on to a tree during a rally in Las Vegas EPA Democratic candidates compete on the campaign trail: In pictures A woman waits to have a photo taken with Elizabeth Warren during a town hall meeting in Las Vegas REUTERS Democratic candidates compete on the campaign trail: In pictures The threat of coronavirus and other germ-borne illnesses was on some voters' minds at the Democratic caucuses in Henderson, Nevada Getty Images Democratic candidates compete on the campaign trail: In pictures Former vice-president Joe Biden takes a selfie with a voter in Las Vegas ahead of the Nevada caucuses REUTERS Democratic candidates compete on the campaign trail: In pictures Amy Klobuchar changes her shoes backstage after giving a speech in Exeter, New Hampshire AFP/Getty Democratic candidates compete on the campaign trail: In pictures A warmly-wrapped-up dog attends an Elizabeth Warren event at Amherst Elementary School in Nashua, New Hampshire AFP/Getty Democratic candidates compete on the campaign trail: In pictures Bernie Sanders, who romped to victory in New Hampshire against Hillary Clinton in 2016, talks to the media in Manchester Getty Democratic candidates compete on the campaign trail: In pictures Joe Biden was hoping to improve on his poor showing in Iowa in the New Hampshire primary Reuters Democratic candidates compete on the campaign trail: In pictures Elizabeth Warren, renowned for giving time to supporters for selfies, works the crowd at the University of New Hampshire in Durham Getty Democratic candidates compete on the campaign trail: In pictures Joe Biden takes a selfie with a supporter and his child outside a campaign event in Somersworth, New Hampshire on 5 February Reuters Democratic candidates compete on the campaign trail: In pictures Elizabeth Warren and Bernie Sanders quarrel after a confrontation in a TV debate in which Sanders claimed that Warren was not telling the truth about a conversation in which she claimed he had said a woman could not win the presidency on 14 January AP Democratic candidates compete on the campaign trail: In pictures Supporter Pat Provencher listens to Pete Buttigieg in Laconia, New Hampshire on 4 February Getty Democratic candidates compete on the campaign trail: In pictures Pete Buttigieg speaks at a campaign event in Concord, New Hampshire while awaiting the results of the Iowa caucus Reuters Democratic candidates compete on the campaign trail: In pictures Elizabeth Warren is presented with a balloon effigy of herself at a campaign event in Nashua, New Hampshire on 5 February Reuters Democratic candidates compete on the campaign trail: In pictures A Trump supporter rides past a rally for Amy Klobuchar in Des Moines, Iowa on 14 January AP Democratic candidates compete on the campaign trail: In pictures A man holds up a sign criticising billionaires in the presidential race in front of Michael Bloomberg in Compton, Califronia. The former New York mayor skipped the first caucus in Iowa and instead campaigned in California on 3 February Reuters

The sickness ailing our political process is not only the racist criminal presiding over our nation, but a system that has effectively silenced the majority of the public, while money screams loud enough to bend national attention to its will. To run Bloomberg against Trump is, to my mind, to swap one demagogue for another. The only significant difference in their respective relationships to capitalism and racism seems to be more to be a matter about how open they are about using public resources to prioritize white citizens.