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Crypto Bros as Prey. Brad DeLong:
Crytogrifts: Elon Musk appears to believe that if he gives Trump money for his campaign now, Trump will not impound and sequester Teslas green Pigouvian–subsidy money next year if he wins the presidency. Marc Andreesen and Ben Horowitz believe that if they give money and fundraise for Trump now, Trump will do favors for the cryptogrifter industry next year. They seem to think that Trump is relational—establish a relationship with him, and you will then do each other favors. But that is not how Trump works. Trump is transactional, not relational. Give Trump money now, and he will take it and say thank you. Ask for a favor in return at some time in the future, and he will ask you: “what’s in this for me?” If you have a reputation as someone who keeps their promises, you might induce him to do you a favor in return for your making him a promise he believes. But the reverse does not work because Trump's word simply is not good. This is an example of a broader principle: For some reason, plutocrats often think kleptocrats are their friends and allies. But that is not the case. Kleptocrats regard plutocrats as their prey:
The "tech oligarch" angle of this election cycle has been interesting to me. Even though Musk lost a ton of money and/or value on Twitter, my feed has shifted dramatically rightward politically, and I'm sure that's the same for plenty of others. The financial sacrifice might work out in practice sort of like an in-kind contribution to the Orange One. Very frequently the first tweet I see in the morning is from Musk himself, and I never used to see him on Twitter at all until he bought it.
Great opinion piece this morning in the Denver Post. Between Kamala Harris, the former prosecutor, and JD Vance's own words before he joined the Cult, Trump's degenerate, predatory behavior will get the full exposure it deserves.