Its also the case that the Republican party is trending overwhelmingly in an anti big-tech direction recently, whereas the Democrats mostly seem to be treading water at about the same overall position.
Someone calling Biden the worst president in his life?
Such a disconnect from reality
The problem is the outrage machines. They have to be curtailed. That no two people experience the internet the same way any more thanks to the various big tech algorithms has to stop. Most sensible people have abandoned Facebook/X by this stage but that still leaves a lot of people in thrall to curated garbage.
What's the point in having your tax burden reduced if it means realizing greater interest? Have they forgotten that Trump had the largest increase in US deficits in history? Have they forgotten that those deficits, along with wrecking the global supply chain before the pandemic due to a trade war with China created the inflation that we're just now getting under control? What's the point in expanding your business when your customer is unable to buy any more product?
The Big Tech Billionaires may know a thing or two about business, but it's becoming clear they don't know much about economics - and ultimately, that ignorance is going to hurt their business.
Well, which candidate is more likely to push back on those rules? The US has plenty of ways to put pressure on foreign law; the current admin just hasn’t been doing it.
Chaos is not good for business.
1. How a few people translate to the entire SV... (well, I do because hyperbole is what media does now, they stopped being journalists)
2. What the GOP platform is for prices & inflation. Tax cuts, 10% tariffs, forcing interest rate cuts, and mass deportation would all seem to lead to more money in the economy or direct price increases
I hate to be this cynical because I think policymakers and economists who lean in different ideological differences all have contributions to make, and in some way probably value right wing economic ideas slightly more than left wing ones
But It seems pretty clear to me that the goal of the Republican platform is just to be as self serving as possible and there is no actual plan for a healthy economy, and at best they might engineer temporary economic outcomes that benefit certain groups, I wouldn’t be surprised it there’s some kind of big economic crash aka 2008 in the next 10 years.
I would be genuinely interested to hear how I’m wrong.
The Big Tech Billionaires are not supporting Trump. 80% of Internet company donations have gone to Democrats, and Big Tech veterans like Reid Hoffman (LinkedIn founder and Microsoft board member) and Michael Moritz (Sequoia Capital partner) are still firmly in the Democratic camp. VC billionaires (and in particular, the PayPal Mafia) are supporting Trump.
Interests are not aligned between VCs and large tech corporations. They compete for both employees and markets. Big Tech's loss is generally the startup ecosystem's gain; many of these VCs are supporting Trump because he will break up or otherwise hobble Big Tech.
