this post was submitted on 14 Apr 2025
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I've also read and discussed the two capitalist factions as the internationalist and the localists. International capitalists are financial and tech industries, generally favor the Democrats, and have been the larger influence on the government/economy since the fall of the USSR. The localists comprise heavy and light industry and extraction enterprises, like coal or logging. They generally favor the Republicans and have been losing power since the 70s and even worse since NAFTA. Agriculture, oil, and military industries would also count as "local", but their unique relationship with US diplomacy and hegemony means they'll side with whatever political is in control.
The internationalists are in decline and I wouldn't be surprised is Musk and Thiel represent the tech part of that class abandoning "reasonable Democrats" for the Trump camp.
Tech industries pivoted hard to republicans during the bush era, I feel like institutional tech being against trump 1.0 was an anomaly. After 9/11 they lobbied hard for the creation of the modern surveillance state
He likely hadn't been fully tested by military intelligence at during his first presidency, so tech being against him then makes sense. After 4 years in office and 4 years out of office he's had enough time and access for intelligence to test him, get their hooks in him, and give him the approval.