Big Business Should End Its Faustian Bargain With Trump
Paul Krugman | Substack • • business
Key Points:
- Following Trump's return to power, many American billionaires and corporate leaders quickly aligned themselves with him, some seeking an authoritarian regime to counter "wokeness," while others underestimated his dangers, hoping to manage him through influence and donations.
- Despite initial corporate withdrawal of Republican donations after January 6, many companies resumed funding due to fears of political retaliation, believing Trump's extreme rhetoric was a façade and that his administration could be steered by figures like Treasury Secretary Scott Bessent.
- Trump's actions, including escalating tariffs and aggressive immigration policies, contradict the notion that he "always chickens out" (TACO), signaling a more dangerous and unpredictable leadership that threatens both corporate interests and democratic norms.
- Business leaders face increasing risks under Trump's regime
-Grand-Theft-Auto-VI-Trailer-2-00-01-39.png%3Fwidth%3D1200%26height%3D630%26fit%3Dcrop%26enable%3Dupscale%26auto%3Dwebp?format=webp&w=1280)
