Business people struggle to understand fanaticism. In commercial life, all actors are negotiable, even if their price is high. The self-made super-rich also tend to grossly overrate contrarianism.
Stephen Schwarzman, the chief executive of Blackstone, is supporting Donald Trump. Other Wall Street billionaires are poised to follow. Palo Alto isn’t without its MAGA magnates, either.
What explains their choice? Self-interest? To an extent, no doubt. But it isn’t as if their alternative is death through taxation. Joe Biden is president, not Huey Long.
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Financial Times
Janan Ganesh is the principal political columnist for the Financial Times.
