Bloomberg, Plutocracy and Philanthrocapitalism

Another chance to WIN an advance copy of the new paperback. Billionaire businessman Mike Bloomberg is expected to win a third term as Mayor of New York on Tuesday, having spent an estimated $85 million of his own fortune on the campaign (on top of nearly as big amounts on his previous campaigns).

Bloomberg says he is spending money in this way because of his commitment to public service, and that using his own money frees him from  the compromise and potential corruption that afflicts other politicians who have to raise money to fund their campaigns. He is no Silvio Berlusconi-style self-serving plutocrat.

What do you think – is this an act of philanthropy or plutocracy? Go to our Facebook fansite and enter our latest competition. We’ll choose a winner on election day, this Tuesday. Entries in by midnight on Monday, please. Good luck!