Bloomberg Businessweek Bloomberg Businessweek Weekend - February 21st, 2025
9 snips
Feb 21, 2025 Josh Green, a national correspondent for Bloomberg Businessweek, dives into Silicon Valley's unexpected political shift from liberalism to Trump support, exploring the influence of tech leaders like Elon Musk. Torsten Slock, Apollo's chief economist, shares insights on economic resilience despite recession fears, emphasizing the need to rethink traditional economic theories. Davina Rankin, Waste Management's CFO, discusses sustainability initiatives and macroeconomic challenges. Meanwhile, John Taffer, host of Bar Rescue, elaborates on the struggles faced by the restaurant industry amid evolving economic policies.
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Silicon Valley's Shift to Trump
- Silicon Valley's shift towards Donald Trump stems from the Biden administration's aggressive tech regulation.
- This, coupled with a changing perception of tech's utopian ideal, pushed tech leaders towards the Republican party.
Tech Titans at Inauguration
- Tech leaders' presence at Trump's inauguration wasn't solely political alignment.
- Fear of Trump's potential actions against their companies motivated their attendance and donations.
Silicon Valley's Liberal Illusion
- Silicon Valley's liberalism is primarily social, supporting causes like environmentalism.
- Their capitalist nature clashes with increasing Democratic regulation, pushing them towards Republicans despite personal values.
