ANALYSIS: Bloomberg engaged in corporate takeover of the Democratic Party

Mike Bloomberg is using his vast personal fortune to commandeer the Democratic Party, discarding tradition and ignoring the party establishment in an unorthodox bid to capture the presidential nomination.

The former New York City mayor is moving to leapfrog entrenched Democrats with carefully laid plans that follow time-honored rules for seeking the presidential nomination. Bloomberg’s approach is reminiscent of another billionaire candidate initially dismissed as a long shot. In 2016, President Trump crashed a crowded Republican primary, flouting party norms as he elbowed out established politicians.