[Marxism] Michael Bloomberg

Louis Proyect lnp3 at panix.com
Fri Nov 8 10:16:47 MST 2019

Michael Bloomberg, who has personal wealth in excess of 47 billion 
dollars (15 times that of Schultz), is also considering running for 
President in 2020 but as a Democrat, unlike Schultz. But like Schultz, 
he is kept up at night cowering under his blanket from the bogeyman 
Elizabeth Warren. With regard to her wealth tax, he told reporters: “We 
need a healthy economy, and we shouldn’t be embarrassed about our 
system. If you want to look at a system that’s non-capitalistic, just 
take a look at what was once, perhaps, the wealthiest country in the 
world, and today people are starving to death. It’s called Venezuela.”

I doubt that Bloomberg ever read Karl Marx but anybody who has concluded 
that there was socialism in Venezuela must have been reading Jacobin 
rather than V. 1 of Capital.

I worked on a project to automate the branch office of Salomon Brothers 
in London for Bloomberg back in 1975. When a co-worker learned that I 
was assigned to the project, she gave me a sour face. What’s wrong, I 
asked? She basically described the kind of person #MeToo would have 
protested back then if it had existed. On the trading floor at Salomon, 
there was a Latina secretary who used to deliver coffee to the traders. 
My co-worker, an African-American woman named Barrie, told me that as 
the secretary made her way across the floor,  he would yell out “Look at 
the tits on that broad” or words to that effect. Last September, the 
Atlantic reported on “‘I’d Do Her’: Mike Bloomberg and the Underbelly of 
#MeToo” that makes clear nothing has changed with him:

	From 1996 to 1997, four women filed sexual-harassment or discrimination 
suits against Bloomberg the company. One of the suits included the 
following allegation: When Sekiko Sakai Garrison, a sales representative 
at the company, told Mike Bloomberg she was pregnant, he replied, “Kill 
it!” (Bloomberg went on, she alleged, to mutter, “Great, No. 16”—a 
reference, her complaint said, to the 16 women at the company who were 
then pregnant.) To these allegations, Garrison added another one: Even 
prior to her pregnancy, she claimed, Bloomberg had antagonized her by 
making disparaging comments about her appearance and sexual 
desirability. “What, is the guy dumb and blind?” he is alleged to have 
said upon seeing her wearing an engagement ring. “What the hell is he 
marrying you for?”


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