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Trump’s first day shows the ‘triumph of toxic tech capitalism’

For all their previously progressive leanings, the tech sector billionaires know that a hawkish president who values commercial victory over anything else, is the most lucrative ally they could have wished for.

Paul Smith

No wonder Elon Musk was pumped as he took to the stage at Donald Trump’s Presidential Parade post-inauguration rally, he must think that all his Christmases have come at once.

“Yeeeeees … This is what victory feels like,” the world’s richest man yelled to a cheering crowd. “This is a fork in the road of human civilisation,” he said before thanking supporters with a chest beat and hand gesture that has led to accusations of Nazi salutes.

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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com

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    Original URL: https://www.afr.com/technology/trump-s-first-day-shows-the-triumph-of-toxic-tech-capitalism-20250121-p5l65v