Defector has the right tone when talking about Tom Dundon and his recent acquisition of the Portland Trail Blazers:
Fans of the Portland Trail Blazers should prepare themselves for a very unpleasant time. Tom Dundon, the team’s new owner, is digging in. Arena renovations would improve the value of his property, and so he wants arena renovations. He is simply and resolutely refusing to commit any of his own money to the project. If Portland refuses to pay for stadium renovations, and the stadium thus goes un-renovated, Dundon will have an ironclad pretext for packing the team into a U-Haul and moving it to Las Vegas, or Nashville, or—the monkey’s paw finally directing a shriveled middle finger at the world—Seattle. That’s how investor ownership works, and why it is fucked: The franchise has been in Portland for almost 60 years; Dundon bought it four months ago, and it is entirely and irrevocably his.
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There’s a handy lesson in class solidarity. Dundon, wielding Hankins like a sock puppet, is putting tax dollars on one side of the scale and private investor wealth on the other, and arguing that because private wealth was previously spent by a member of Dundon’s billionaire class, the class has already contributed its share to the pot. It is now time for the tax-paying public to pitch money back at the billionaires, goes this argument. Dundon will simply collect this payment on behalf of his tribe.
The great irony about the rich is that they demean socialism, or honestly anything to the left of fascism, but expect taxpayers to foot the bill as a collective class for what is owned by private investment. ‘Socialism for me, not for thee,’ is basically the motto of the rich. (See also: Elected officials receiving healthcare benefits that amount to federal subsidies covering 72% of costs.)
Billionaires like Dundon should be driven out of places like Portland with pitchforks and vats of tar and the team reclaimed by the city with force, and given how much Portland loves the Blazers, I could almost imagine something like that happening. John Fisher notoriously moved the beloved Athletics out of Oakland instead of selling the team so they could stay in the East Bay.
The rich care nothing about culture or what things mean to the people who create and support it; they see only numbers, bottom lines, and profit margins in everything. Capitalism is a cancer on humanity—and I mean that in the most literal sense. It destroys what we are able to create with our minds and bodies for the sole purpose of money (another invention) to a select few beneficiaries and will eventually lead to the destruction of the planet. These people are barely human—grotesque obsessives hoarding wealth and we’d all be better for it if they were collectively disposed of.



