“I fully support the president Donald Trump“. Although this came as no surprise to anyone, Elon Musk took advantage of the assassination attempt made last Sunday against the former president of USA making public the alliance that has been brewing for months. He the richest man in the world plans to donate up to $45 million a month to the conservative magnate’s re-election campaign, according to The Wall Street Journal,
Musk is the visible face of a powerful branch of the tech elite that is increasingly devoted to Trumpism and whose influence is shown by the fact that he managed to seat the senator J.D. Vance On the presidential ‘ticket’. In recent weeks, and especially after the failed assassination, the Republican leader’s candidacy has been supported by several celebrities Marc Andreessen, Ben Horowitz, Douglas Lyons, David Sacks, Bill Ackman or twins Cameron Winklevoss And Tyler Winklevossare billionaires heading some of the world’s most powerful companies and venture capital funds. Many of them have helped the pro-Trump political action committee America PAC raise more than $8.7 million.
there was a time when silicon ValleyThe center of the digital industry USA, It was considered a Democratic fiefdoma field in which capitalist libertarianism ran alongside some socially progressive ideas. Over the years, giants like Google, Microsoft, Amazon, Target, Manzana one of two netflix has financed the campaigns of Democratic politicians like a president Joe BidenA strong supportive trend that will continue until 2024.
AI sets the trend for smartphone purchasesEconomic rejection of Biden
However, the conservative turn of Silicon Valley is a reality that is growing rapidly, mainly due to pocketbook issues. A growing number of technology entrepreneurs reject the policies adopted by the Biden administration over the past four years, believing that they are against their economic interests. This is the case of tax increases on large assets, but also of tightening measures distrust that regulate business mergers or artificial intelligence And this Cryptocurrencyseen as a barrier to startup business. That elite, including former Democratic donors, is wringing its hands at the prospect that Trump will return white House Sepulte is the direction.
Those of Biden can also be refuted Culture warubiquitous in the US. Thus, Musk has assured that he will move the offices of X ,Twitter) and of SpaceX From California to Texas in protest of California’s law that protects transgender minors who do not want to inform their parents of their identity. In 2022, one of Musk’s children officially asked to change his name and gender, “not to be identified with my biological father in any way, shape or form.” Still, the choice of Texas, an overwhelmingly Republican state, is also due to the fact that it gives the most exemptions Rich To pay taxes.
A VP associate
Having watered the Trumpist cause with its millions, the conservative wing of Silicon Valley has scored a significant victory by securing the election of one of its own as the vice presidential candidate. Before becoming a senator from Ohio, J.D. Vance served as a disciple of the influential businessman in the technology sector peter thielone of the founders of PayPal, a relationship that opened doors in the industry, especially among other members of the so-called ‘PayPal mafia’ such as Musk or Sachs. When Vance decided to jump into politics, Thiel financed his campaign and used his proximity to Trump to win his support. Both alliances have elevated his figure. “The lesson is that the assets and power of technology can be used very effectively,” said Jessica Lessin, founder of the technology publication TechCrunch. Information,
Dyson Ontrack headphones, with 55 hours of autonomyIn June, when Trump had not yet decided who would be his number two, investors like Musk or Sachs advised him to bet on Vance according to what they had learned. the new York Times. Now the candidate has been serving for months as a communications and donation bridge between Silicon Valley and the Trump campaign. Washingtoncould advance the agenda of the tech elite. However Vance has distanced himself from other Republicans by celebrating the Biden administration’s “good work” in its fight against the “oligarchy.” Big TechHis disapproval is also due to the fact that he considers them “blatantly progressive.” In addition, their anti-regulation speech fits better with emerging companies and venture capital firms. Wooing them will be the key to accelerating the conservative turn in the industry.
