Monday, January 20, 2020

Bloomberg said it, the uncomfortable truth

We like to think that the property we own, and the successes we have, are earned fair and square.  


We know better. 


     "I also know that my story might have turned out very differently if I had been black, and that more black Americans of my generation would have ended up with far more wealth, had they been white. Instead, they’ve had to struggle to overcome great odds, because their families started out further behind, and excluded from opportunities — in housing, in employment, education, and other areas.”
             Michael Bloomberg

Bloomberg


Michael Bloomberg said it aloud. There isn't equal opportunity. It isn't a square deal.

He chose the site of the race riot massacre of black owned businesses in Tulsa, Oklahoma in 1921 to make his speech and meet with the black community. The Greenwood Massacre destroyed 35 blocks of the wealthiest black neighborhood in America, called the Black Wall Street. He was attempting to repair the damage caused by his endorsement of a stop-and-frisk policy. 

Bloomberg spoke to the issue of inequality. Michael Bloomberg represents an America of stratified wealth, the rich getting richer, the poor and middle class falling behind. 

He represents meritocratic success, at its pinnacle. His TV advertising starts off with photos of young Michael and narration affirming he had a middle class start. His biography communicates boundless American potential. 

His bearing and manner project alpha male confidence. He knows Donald Trump is the phony and he the real deal.

To black Americans he represents something else, privilege and entitlement. Johns Hopkins, Harvard Business School, and Wall Street were not accessible to black Americans born, like Bloomberg, in 1942, into a legally segregated America. Bloomberg's stop-and-frisk policy wasn't targeting Wall Street bankers. It targeted street crime. The policy was not another Greenwood Massacre, but it is the shadow and remnant of it, cleaned up for 21st Century sensibilities. Young males of color were stopped on the street, patted down, told not to resist. It was public humiliation.

To some white Americans Bloomberg represents the unspoken rebuke by limousine liberal Democrats in the meritocracy party, telling struggling whites not to whine about how the deck is stacked against them. Inequality? Sure, but Michael Bloomberg got ahead, and if you did not, then you didn't measure up. (Yesterday's Guest Post describes this unspoken insult.)

Bloomberg spoke a truth about inequality. 

Every American--every human--stands on the shoulders of parents, grandparents, and community. Black Americans have been treated unfairly. White people squirm at internalizing that reality because they also experience a second understanding, that white people, too--they themselves-- have also been treated unequally and unfairly some point and no one likesto be blamed.

Americans observe inequality every day. Most Americans internalize the notion that inequality is inevitable and ultimately consistent with the American principle of liberty and justice for all. After all, we have freedom to choose careers, work-life balance, life partners, family size, whether or not to drink or use drugs, whether to drop out or continue schooling. Exercising that freedom, we then experience the unequal consequences of our choices.

But we know it is way more complicated than that. 

We know people do not start out the Monopoly Game of real life even. Instead, we start with property already occupied, and some neighborhoods are way better than others, and parents earn different amounts of money as they pass Go.

Michael Bloomberg holds a nearly unique position in America. He has become gigantically wealthy dealing with some of the wealthiest and most sophisticated people in the country. He has credibility to lead a change in the system, to insist we tax wealth at a higher rate, to advocate education and health policies that push more national wealth away from capital and toward workers. 

He could do what Bernie Sanders could not. Bloomberg could surprise America. He could surprise progressives.

Real change is unlikely to come from the top, spurred by a prudent recognition by the wealthy that the deck is too unfairly stacked for a democracy to survive. That isn't how change happens. Historically in America progressive change happens because people at the bottom demand it, as in the Progressive Era, and again in the New Deal, and then in the Civll Rights movement.

Still, Bloomberg voiced the uncomfortable truth about the allocation of wealth in America. It isn't fair. Not to blacks, not to Latinos, not to women, not to anyone. 

We don't start out even. And a lot of people are restless.




10 comments:

Inkberrow said...

While equality of opportunity certainly has been short on the equality side in even recent American history, it's a big mistake to send the pendulum so far in the other direction that merit and achievement alongside mediocrity and indolence are cynically--or patronizingly and disingenuously, as with Bloomberg here--discounted as primary factors in respective outcomes.

Equality of outcome cannot be a rational gauge of whether equality of opportunity was afforded--except for lowest-common-denominator levelers such as those who indulged those failed conceits in the old Soviet Union. It's dangerous to cast wealth and influence as a zero-sum game. Sorry, President Obama, but rich or poor in 2020 America? For the most part you DID build that.

Michael Trigoboff said...

If you want to better distribute opportunity, I’m all for it. But if you want to distribute outcomes instead, disregarding competence and talent, you are going to have a real fight on your hands and you will lose that fight.

Ayla said...

74% of the children in the NYC schools live in POVERTY; 9% of the children are homeless. I cannot imagine the callous, cold heart that Bloomberg must have to go to sleep with $53 billion in the bank amid such deprivation.

If Bloomberg was not pathologically greedy, he could have stopped when he acquired one billion dollars -- it's way more than any one person could ever spend in a lifetime. Leave something for others; they NEED it.

I won't be voting for pathological greed in November. If Democrats nominate Bloomberg, I'll leave the line blank.

Rick Millward said...

"Where you stand depends on where you sit." Rufus Edward Miles, Jr.

The phrase originated in remarks Miles made in late 1948 and early 1949 while working as chief of the labor and welfare branch of the Bureau of the Budget.
Wikipedia

Bloomberg's racial epiphany elicits a big "duh!" from this seat.

Most people have more in common with the homeless than successful billionaires, yet here we are, promoting another, albeit more benign, tycoon. I can only imagine a Bloomberg administration, with the compromises and disappointments it would embody.

Careful what you wish for.

Up Close: Road to the White House said...

Ayla,
He did not keep earning money after one billion because he needed more money. His business was doing important work and it was fun and it kept getting more valuable. If his goal had been to have enough money, and then loaf on a patio in Miami or Hawaii he could have done so. He liked his work. He liked owning a publishing company.

He then ran for mayor of NYC and did it for a decade, not because he really, actually wished he could be loafing. Again, if it were greed that motivated him, he might have devoted himself to his business, perhaps bought more stuff and leveraged it and made himself 20 ro 30 percent richer. Instead, he went into public service.

This wasn't greed.

And the trouble with giving away all his money now is that he likes owning and therefore controlling the business he built. If he sold it off to give away his money it would be controlled by someone else. Bottom line, his wealth is his tool to control the business he built. It just happens to be worth $50 billion.

But you go ahead and leave it blank. Possibly Donald Trump will represent your interests very well. Your call. By election day you can be sure that whoever is the nominee that there will be an avalanche of people telling progressives and liberals that they should boycott the election because the nominee isn't good enough.

I had assumed you were an actual progressive, operating under a pseudonym. Possibly not. I get a lot of Russian and local trolls attempting to get comments up. Some are obscene. Some are attempts to make mischief. Some are sarcastic. Some pretend to be someone else.

Anonymous said...

Comrade! Don't insult us Russians. We do the work that Americans won't do.

Ayla said...

Peter:

I oppose POVERTY and DEPRIVATION in the richest country the world has ever known. If that makes me progressive, I'll take that (tho I don't agree with some of the Woke bullies). If Democrats put forth policies that will end poverty in America, I'll support them.

We live in a land, a planet, of limited resources. When one person controls so much, others are left fighting for the scraps.

Bloomberg was mayor of NYC for ten years and left behind a city where 74% of the schoolchildren are living in poverty. He's not my candidate, ever.

I don't see the US system that creates so much poverty and deprivation as worth saving beyond any other goal. I don't buy the idea that we are all obligated to go to the polls and vote against Trump no matter what. A vote for an Establishment Democrat is a vote for 4 more years of drone wars (and bigger wars) and 4 more years of the rich getting richer and the poor getting poorer, now with a veneer of civility.

My goals are to end poverty and deprivation for all people and to save the planet from pollution and fossil fuel emissions. It's not at all clear to me that preserving the United States of America is a way to achieve these goals. If there could be a peaceful dismantling of the US and its military, breaking into 10 smaller countries that can be democratically controlled by their citizens, it could be so much better for people and the planet. Maybe 4 more years of Trump can get us there.

Or maybe a global economic collapse caused by Trump's trade wars could finally reduce global carbon emissions. Nothing else has worked.

I agree with Greta Thunberg: eternal economic growth is a fairy tale, and it is creating great harm for humans to pursue this fantasy. The Earth cannot afford billionaires.

Anonymous said...


"It is a crime for people to live in this rich nation and receive starvation wages"

- Dr. Martin Luther King Jr.

Sally said...

Doesn't moral outrage underpin most of the Sanders' campaign? As well as many revolutions with unexpected consequences?

At any rate, Oregon will safely and assuredly vote for whomever is the Democratic nominee, and it's still the electoral college votes that count.

Andy Seles said...

God save us from "pragmatic" cynics.
Andy Seles