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Why are the billionaires always laughing?

Because they know the corporate media will never call bullshit on their bullshit.

Why are the billionaires laughing?

It’s easy to laugh when the corporate press treats you as a glorious success instead of the epitome of a broken social order. Billionaires laugh because they know the corporate media prefers to fawn over them rather than hold them to account.

Today, we ask you to support our nonprofit, independent journalism because we are not impressed by billionaires flying into space, their corporations despoiling our health and planet, or their vast fortunes safely concealed in tax havens across the globe. We are not laughing.

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(Photo Illustration: Elise Swain for The Intercept. Photos: AP (3); Getty Images)

Young Leftist Candidates Are Breathing New Radicalism Into Stale Climate Politics

If Ocasio-Cortez’s election marks a new era for the Democratic Party, what will that mean for its climate politics?

Kate Aronoff

 by The Intercept

On the same day that Alexandria Ocasio-Cortez won an upset victory in her primary against Wall Street-friendly incumbent Joe Crowley — one of the most powerful Democrats in the House — a New Yorker nearly 50 years her senior fed rumors that he would seek the highest office in the land.

Aside from pouring $80 million to support a set of handpicked Democratic congressional hopefuls, billionaire former New York City Mayor Michael Bloomberg once again seems to be angling to run for president. Business Insider columnist Daniella Greenbaum took the opportunity to assert: “Democrats need to choose: Are they the party of Alexandria Ocasio-Cortez or the party of Michael Bloomberg?”

She sided with the latter, but the question is a valid one. The differences between Bloomberg and Ocasio-Cortez are difficult to stuff into a single paragraph, but let’s try: He’s one of the richest men in the world who made his fortune on Wall Street and, in his tenure as mayor, went out of his way to make the financial sector feel at home. She’s a democratic socialist who until last year bartended in Manhattan and campaigned to make housing a human right — something Bloomberg made a more difficult goal to attain for her future constituents.

But one key difference might be less obvious and a bellwether for climate politics post-2018 if a blue wave sweeps Democrats back into power on Capitol Hill: how they plan to tackle climate change.

Read the full article at The Intercept.


© 2021 The Intercept
Kate Aronoff

Kate Aronoff

Kate Aronoff is a staff writer at The New Republic and author of Overheated: How Capitalism Broke the Planet — And How We Fight Back. She is co-author of A Planet To Win: Why We Need a Green New Deal and co-editor of We Own the Future: Democratic Socialism—American Style

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