For those white workers who pushed Wisconsin, Michigan, and Pennsylvania into Trump’s column, Bloomberg is the personification of everything they can’t abide. On one hand, he’s perhaps America’s biggest-spending proponent of gun control and a prominent advocate for other socially liberal positions—those the right denigrates as heralding “the nanny state.” On the other, he’s been a constant advocate for deepening economic globalization, for the very trade deals many American workers believed decimated manufacturing here. To this very day, he remains, with Henry Kissinger, the American public figure most supportive of the Chinese regime.
In each of the past two years, his company (Bloomberg LP) has hosted a conference highlighting China’s growing and indispensable role in the new world economy, and last year, the gathering was held in Beijing. Bloomberg has defended the Chinese Communist Party as quasi-democratic (“they listen to the public”) and when asked whether President Xi Jinping is a dictator, answered, “No, he has a constituency to answer to.”
Bloomberg’s interest in China is also financial. As Josh Rogin has reported in The Washington Post, Bloomberg LP doesn’t only sell its terminals there, but through the Bloomberg Barclays Global Aggregate Bond Index, it enables U.S. investors to buy Chinese bonds. Last year, Rogin noted, “the index began a 20-month plan to support 364 Chinese firms by directing an estimated $150 billion into their bond offerings, including 159 [companies] controlled directly by the Chinese government.”