Jonathan Chait has a theory of how Bloomberg could win. I’m less interested in engaging with that, though I have my quibbles. Instead, I’d like to focus on something that tends to be elided during election season – what moral duty Michael Bloomberg has to the American people in making the decision to run.
Making a decision to run for a major party’s nomination is generally a pretty clear-cut decision, ethically speaking. One runs if one thinks one is the best option that party has for both winning the Presidency and the best option the nation has in a potential President. This is why there is probably some inherent madness to the act of running, but doing so through the normal channels is inherently straightforward in this regard (though that ignores the ethical questions relating to campaign conduct; that’s a whole different issue).
Running as a potentially-credible independent or third-party candidate, however, is substantially thornier. Doing so is inherently disruptive to the political process; moreover, there is an unavoidable ideological gamble involved. Such a candidate, in an admittedly oversimplified model, is drawing most of their support from the major party candidates; the crux is that they are very likely drawing more support from one candidate than from the other. The paradox is that the candidate from which they are drawing support is almost assuredly the candidate which they are closer to ideologically. While this point is disputable, it certainly seems credible to speculate that, absent Ralph Nader, Al Gore wins in 2000; given the events of just the first W term, one doesn’t need much imagination to see how that could’ve drastically reshaped the last fifteen years.
This issue is exacerbated at times when “normal” politics isn’t working well. Certainly Bush I and Bill Clinton would have governed different in the early ’90s, but neither of them were likely to immediately drastically destabilize America’s political, social, or economic systems.
That is decidedly not the case in 2016. There is, as of this writing, a very real chance that the Republican Party may nominate a candidate with a very high chance of immediately drastically destabilizing America’s political, social, or economic systems if elected.
Everything else that makes the comparison ludicrous aside, this is the fundamental asymmetry between Trump and Sanders. Bernie Sanders is a career politician. He is a left-wing (by American standards) career politician, but a career politician nonetheless. He did a bang-up job as the mayor of a real city, played nice in the House of Representatives for nearly two decades, and was a committee chairman in the United States Senate. His platform, if enacted, would be bad (at least in partial equilibrium) for the wallets of the Mike Bloombergs of the country, and the validation of his tone and rhetoric that nomination and election would bring would be bad for the egos of the Mike Bloombergs of the country. But Bernie Sanders wouldn’t break the country. Donald Trump would. Given the overwhelming likelihood of a GOP Congress in 2017, a Sanders presidency would be further restrained, but a Trump Presidency would face, at best, unpredictable restraint.
So the question for Mike Bloomberg cannot simply be “what are my chances of winning the Presidency?” The question must also be, “if I do not win the Presidency, do I make the election of Donald Trump more likely?” Given the possibility that he may draw at least as many Democratic-inclined voters as Republican-inclined voters if he runs, and given the fact that, should he throw the election to the GOP-donimated House if he denies either major-party nominee 270 electoral votes, the answer to that second question is very likely “yes.”
I am extremely certain that not only does Mike Bloomberg not read this blog, but that nobody of even remotely comparable wealth and prestige who could directly influence his decision reads this blog, either. Nevertheless, I’m going to address my conclusion directly to him:
Michael Bloomberg, you need to think long and hard about the consequences of the decision you are considering; not just about how and why you might seek the Presidency, but what could happen if you fail. I understand that the possibility of a Sanders Presidency seems worse than unpalatable to you, but there are far, far worse things than a left-wing Democrat in office with a Republican Congress to restrain them. If you run for President, and Donald Trump is elected, when history looks back on the dark era sure to follow, you will be first and foremost among those who receive the blame.