From three different vectors, the oligarchy is on the march to capture the Democratic presidential nomination. Pete Buttigieg has made big gains. A timeworn ally of corporate power, Joe Biden, is on a campaign for his last hurrah. And Michael Bloomberg is swooping down from plutocratic heights.

Those three men are a team of rivals—each fiercely competitive for an individual triumph, yet arrayed against common ideological foes named Bernie Sanders and Elizabeth Warren.

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