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.

  • FooBarrington@lemmy.worldEnglish
    15·
    7 days ago

    Why did many powerful and rich people support Brexit? Crises shake up existing ownership structures, e.g. people sell houses and companies for lower than usual to cover rising costs. If your investments are spread out globally, you’ll be able to invest at these cheap low points, giving you a massive boost once the economy comes back.

    Just look at home ownership since the mortgage crisis - so much wealth was transferred up, and it happens again and again.