Battle of the oligarchs: Michael Bloomberg steps up war on guns

The US is no longer a democracy – it's an oligarchy, says an academic study. And Bloomberg proves it

Charles Laurence

IT TAKES an oligarch to challenge the new American oligarchy.

Former New York Mayor Michael Bloomberg, billionaire entrepreneur of Bloomberg News, has added a revealing if unintentional footnote to the news that America, once the world’s beacon of democracy, has been diagnosed as an oligarchy by Ivy League academics.

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Charles Laurence is a US correspondent for The Week.co.uk. He is a former New York bureau chief for The Daily Telegraph. He divides his time between Manhattan and Woodstock, upstate New York.