Intro

This week, Matt and Brian discuss the flood of support Donald Trump has seen from shady rich guys since his felony convictions two weeks ago:

* Why do the owners and executives of big firms feel insulated from consequences for supporting a convicted white-collar felon who tried to overthrow the government?

* Do they actually stand to gain anything from a corrupt, inflationary Trump presidency?

* Can Joe Biden use their support for Trump as a wedge to win back more blue-collar voters?

Then, behind the paywall, we try to assess what’s driving this trend: To what extent are tech and finance bros actually red-pilled, versus just cynically advancing their shared desire for tax cuts? Have they even considered the ways Trump 2.0 would weaken U.S. business, or that they might not actually be able to call in any favors with him? And what, if anything, should Biden do to clarify the stakes for both the billionaires, and the working-class Americans who stand to lose if Trump returns to power. All that, plus the full Politix archive are available to paid subscribers—just upgrade your subscription and pipe full episodes directly to your favorite podcast app via your own private feed.

Further reading:

* Politico on how billionaires learned to stop worrying and love Trump.

* Reid Hoffman on how empowering a criminal would be bad for business.

* Ryan Grim’s book We Got People on the fight between pro-worker populism, which enjoys large organic support, and moneyed interests, which do not—a dichotomy that may be crumbling.

* Brian on why these business elites are so dumb!