Why Elon Musk, private prisons, and crypto are going to profit the most from Trump’s second term.
Although America’s CEOs and financiers largely condemned Donald Trump after the Jan. 6 Capitol riot in 2021, they all but made peace with his political return this year—tempering their onetime critiques of the candidate and the GOP, hedging their bets in the lead-up to Election Day, forbidding their media apparatuses from endorsing Kamala Harris, and lining up to kiss the ring soon after Trump’s win became clear. The money spoke, as it always does in U.S. elections, and the returns are pouring in for this newfound era of “Trump trades” that capitalize on democratic decline and power consolidation.
After Trump’s victory speech, capitalism’s hype machines—with the notable exception of the bond…
