I’m a bit confused why capitalists support Trump when he plans on doing stuff that I think would destroy the economy. Thinking of mass deportations and high, broad tarrifs.

I’m not sure if:

  1. They just don’t care because they have enough wealth to weather anything.
  2. They don’t think Trump will actually do these things.
  3. They’re dumb and think it won’t hurt the economy.
  4. They plan on trading wealth for more direct power. I.e. becoming oligarchs.
  5. They have other ideologies (racism, Ayn Rand-ism, accelerationism, Dark Enlightenment, etc) that they prioritize higher than obtaining as much wealth as possible.

Or maybe some combination of the above, or something else entirely.

Edit: by “capitalists,” I mean the “elite” like Musk and his other billionaire donors. But I guess it’s a good question for smaller donors as well.

  • Ashelyn@lemmy.blahaj.zoneEnglish
    9·
    8 days ago

    More or less, a mix depending on which part of his base you’re referring to. For his wealthy campaign backers, most likely point 4.

    Because it’s a matter of power to them first and foremost, the capital class will tolerate the economy crashing as long as it hurts you more than it hurts them. If anything, the economy crashing (so long as we don’t see total collapse) merely presents an opportunity to buy up the remaining pieces to add into their portfolios.

    We already have a precedent of “too big to fail”, so Congress will just bail out the largest players anyways to all-but ensure this is the way things end up going.