Even conservative executives are fed up with tariffs, DOGE, and "crypto bro schemes"

Summary

Tech leaders who once backed Trump are fed up as his second term descends into chaos.

Venture capitalists and startup founders complain about erratic policies and feel burned by crypto bro schemes like $Trump coin, which tanked after launch.

Appointing David Sacks as “crypto czar” only fueled suspicions of cronyism, while proposed defense budget cuts leave companies like Anduril and Palantir reeling.

Even billionaire allies like Jeff Bezos are souring as tariffs and economic uncertainty hit their bottom line. “Everyone is annoyed,” says one disillusioned founder.

  • frezik@midwest.social
    71·
    6 days ago

    Maybe, maybe not. This has turned out differently before. Here’s a tidbit from Homage to Catalonia (emphasis added):

    But there were several points that escaped general notice. To begin with, Franco was not strictly comparable with Hitler or Mussolini. His rising was a military mutiny backed up by the aristocracy and the Church, and in the main, especially at the beginning, it was an attempt not so much to impose Fascism as to restore feudalism.This meant that Franco had against him not only the working class but also various sections of the liberal bourgeoisie—the very people who are the supporters of Fascism when it appears in a more modern form.

    It’ll come down on if they like authoritarian control better than they like money. They’re getting burned on the money part, and there’s no reason to think Trump’s policies will make it any better in the long run.

    But don’t count on them either way. They’ll still enact policies that are good for billionaires, not us.

    • jj4211@lemmy.world
      7·
      6 days ago

      People only like authoritarian when they get to be the authority. So these folks that are getting financially screwed also have no reason to believe they would get power in exchange.

      It’s basically seeming like a bum deal all around.

    • Coreidan@lemmy.worldEnglish
      3·
      6 days ago

      They all attend the same parties and go to all the same social gatherings. That is pretty much all you need to know.