The Intelligence from The Economist Start spreading the cash: Michael Bloomberg runs for president
Nov 26, 2019
John Priddo, The Economist's US editor, offers insight into Michael Bloomberg's late entry into the presidential race and the challenges he faces in appealing to primary voters. Ludwig Ziegler, the U.S. technology editor, discusses TikTok's dual nature as a popular platform among teens and a potential security threat due to its Chinese ownership. The episode also touches on Switzerland's coffee controversy, revealing the cultural uproar over the government’s decision to halt coffee stockpiling.
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Bloomberg's Political Journey
- Michael Bloomberg, a former Democrat and Republican, is now running for president as an independent.
- He served as mayor of New York for 12 years, focusing on education, city safety, and social issues.
Bloomberg's Shift in Strategy
- Michael Bloomberg previously stated he couldn't win the Democratic nomination because primary voters are more liberal than him.
- Now he's running, potentially due to concerns about Joe Biden's perceived weakness and the rise of more left-leaning candidates.
Bloomberg's Critique of Warren
- Bloomberg's candidacy is driven by concerns about Biden and the potential for a left-leaning candidate to lose to Trump.
- He criticizes Elizabeth Warren's policies, like Medicare for All, as impractical and economically unsound.