On Saturday, heir to the Cox Media empire James Chambers, also known as Fergie, announced that he detached from the family business to use the wealth gained supporting communist causes.
In a Twitter thread he revealed, "As of this weekend, I’ve become the 1st Cox to fully detach from the company. I did this bc I believe strongly that my primary material purpose on earth is to extract as much capital from that entity as possible, in order to build socialist infrastructure/institutions in the 21st century, on the domestic & intl level."
Chambers said that it was his family's support for Atlanta's Public Safety Training Facility, dubbed "Cop City," that forced him to cut ties with the family business. Before that, he said he "withheld from aggressively pursuing such a move, bc I maintained some family bonds, & bc I was no more at odds w Cox than w any other tentacle of the American bourgeoisie. That is, it seemed picking a fight w my family was not a relevant piece of larger struggle."
He noted, "the complicity of my family in supporting that project [cop city], both financially, via lobbying, and with our media outlets, changed that forever."
Chambers said, "As of Monday, I will be “worth” multiple hundreds of millions of dollars, and I will continue to have a considerable income for the decade or so to come." He added that he is "building a network of comrades who can help me be accountable to the socialized allocation of this capital, so as to assist in a long-term strategy of building internationalism, and building strong cadre in the North Atlantic."
He concluded by saying he was grateful to have been born into a wealthy family. "I am extremely grateful for the love and support my grandmother, Anne Cox Chambers, always gave me, even if I believe that she was a piece of a system that needs to end," he said.