Open Thread | Empty Threat: How Big Business Lost Its Big Bet on Trump

From The New Republic:

Empty Threat: How Big Business Lost Its Big Bet on Trump
The captains of industry that many assumed would keep the president in check all turned out to be paper tigers. Democrats, take note.
Felipe De La Hoz
October 16, 2026

…………..

If there is one shred of silver lining from Trump’s total rolling of business and civil society, particularly in the first year and a half of his second term, it’s the pretty conclusive falsification of the idea that Big Money was going to be the ultimate arbiter of what policy was possible in Washington. There have doubtlessly been rewards for those who have sucked up to the president and his political movement, in the way that regime-affiliated oligarchs always find some spoils in authoritarian governments. But as for the money men who were ostensibly going to fly in and curb Trump’s wanton destruction, they either meekly acquiesced early on or they watched powerlessly as Trump tossed Molotov cocktails into the postwar economic order. As bad as the truth has been to witness, it’s good to shed ourselves of this myth.

The fact of the matter is that the so-called captains of industry have fully ascended into cloud-cuckoo-land. The markets have kept riding high on the fabled promise of some AI renaissance (or AI domination, as some investors are certainly hoping for), but outside of that bubble, the dollar is volatile and down despite short-term rallies, longtime trading partners are restructuring their exports and imports away from an unreliable U.S., and our once gold-standard attraction of global talent and scientific discovery is smoldering…

When increasingly irate voters return power to ostensibly liberal political leaders, they will expect the latter to use it—and forcefully so. There can be no “We have to work in concert with the job creators”; none of this “We can’t stare down all of Wall Street.” Defeatism is a dead letter. A popular mandate around improving lives with social programs, a resurgence of antitrust, a reassertion of privacy rights, and a corporate sphere that exists under regulatory scrutiny instead of the other way around will require going head-to-head with the moneyed and entrenched interests that nonetheless folded like a cheap suit before a single, now wildly unpopular narcissist and his cabal of misfit toys. It can be done. It must be done.

Yes. They played themselves and betrayed the very foundation of this country. Don’t have to be a socialist to recognize that they need regulation.

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14 Responses to Open Thread | Empty Threat: How Big Business Lost Its Big Bet on Trump

  1. rikyrah says:

    National treasure Dave Roth, at Defector [gift link]:

    This is not to discredit the existence of some underlying tactical or strategic calculations, and it is absolutely not extending credit to the shockingly vile creatures doing it, but when you see a reactionary candidate being disgusting, it is safe to assume that they are doing it because they really believe in it. The decade and change in which Donald Trump has been the main character in American public life has been a notably bad one for metaphor and subtext, among other things, but it has been a notably revealing one where some fundamental national political impulses are concerned. Trump himself is too dim and too brazen for that game’s familiar euphemisms, and his inability or unwillingness to promise to deliver harm in the usual coded language was central to his political appeal. It was also novel enough to convince some people that he was interested in doing something other than inflicting that pain.

    This was true for partisans who thrilled at hearing him make explicit the implicit conservative value of hurting the most vulnerable people, and also to a significant faction of people without any other real values who mistook the brutal liberties that Trump has always taken for himself for ones that they would be able to enjoy themselves by supporting him. There is no other way to say it: Donald Trump inspired these people. He inspired them to be their worst and smallest and cruelest selves, but inspiration is a value-neutral thing. This is to say that he inspired those people to be more like him, and to live as he lives—in the indulgent certainty that even their puniest comfort or fleeting amusement or flash of childish anger was more important than anything or anyone else in the world, and then to behave accordingly. Many of these people surely had suspected as much already and moved through the world as if it were true; the carnage and stupid suffering that all that heedless, headlong motion produces is everywhere you look. Some of these people, inevitably, were going to run for political office.

    People like that will always be a danger to everyone around them, but it’s at this point that they truly become everyone’s problem. There is a world in which Vivek Ramaswamy is just one of the many millions of Americans—please do not think about how many there are, how many you have met and will someday meet—who just are like this, and move through their days with what even a layperson could diagnose as “walking malignant narcissism.” But that alternate-universe Ramaswamy would be contained within some grim gated community and grim gated personal and business relationships; his capacity to do the damage such a person would invariably do would be limited to those unfortunate enough to wind up in his path. That Ramaswamy would also be an extremely odious man, a curdled being driven entirely by resentment and appetite. But very few people would ever know his name. That’s the best-case scenario.

    The Vivek Ramaswamy that we got instead is a failed presidential candidate and flailing Republican gubernatorial candidate in Ohio. Our Ramaswamy is connected enough and slick enough and rich enough to have won the GOP nomination for this office, even at a moment when his party is more gleefully hostile to anyone of his background—Ramaswamy is Indian-American and Hindu—than at any other moment in my lifetime. That crude bigotry is central to conservative politics in a way that is not new, but is newly overt, and Ramaswamy himself has faced a great deal of it. It is a testament to his deep dedication to the movement’s vile anti-principles and his own singular unpleasantness that this does not really make him any more sympathetic.

    Like many other candidates otherwise without any ideas about using the office they seek to address any of the many grinding horrors of American life, Ramaswamy got as far as he has by making a scaled-down version of Trump’s promises in similarly shameless and dishonest ways. That is, by pledging that he would be exactly as cruel as all those newly liberated little Trumps to all the same people and in all the same ways that those little Trumps would, and also that he would obey Trump’s own whims with appropriately lavish servility. None of that would make anyone’s life better—it would, due to some crucial things absent in Ramaswamy’s being, probably not even make his own life much more fulfilled—but it was the most he could offer, and the most that his similarly benighted public would ever ask. It is enough that they know the right people’s lives will be made worse.

    That gambit is not going well. Ramaswamy may yet defeat his Democratic opponent, former Ohio Department of Health director Dr. Amy Acton; the state favors Republicans very strongly now, and also this is just an extremely lousy and evil moment, which makes it tough to count out lousy and evil candidates. But this moment is also bad enough in specific ways—essential stuff is expensive and getting more so, for reasons that that are obviously attributable to the president and his party; a free market in the last thrashing stages of syphilitic decline seems dead set on closing hospitals and opening data centers, which the president and his party are fine with—that Ramaswamy and other candidates who tied themselves to Trump are suffering badly from that association…

  2. rikyrah says:

    David_j_roth

    @davidjroth.bsky.social

    Follow

    Huge co-sign from Trump on Ramaswamy’s shockingly vile ad just now. It has to feel amazing, if you’re running as an abusive predator, to get this kind of endorsement from the number one abusive predator in the game.

    Defector

    @defector.com

    · 4d

    Vivek Ramaswamy is going after the abusive parent vote: defector.com/vivek-ramasw…

  3. rikyrah says:

     

    Cheri DiNovo

    @CheriDiNovo

    Canada announces: Telesat, homegrown satellites, will be expanded and Starlink usage will soon be removed. This is what every country on earth should do asap.

    7:26 AM · Oct 18, 2026

  4. rikyrah says:

    Tim

    @trouble_man90

    12h

    Not sure where this new rule got started; usually the losing candidate gives a concession, endorses the winner, and then just kinda goes away. Expecting her to be his top surrogate is weird; that’s never been the norm, and leftists aren’t doing the same in races they lost

    The United States versus Elon Reed Musk

    @Needle_of_Arya

    This part. When the far left began winning primaries more often, they asked of normies something that they have never given normie candidates: an immediate & full-throated endorsement. If things don’t go both ways and all ways, it’s a selfish & one-sided relationship.

  5. rikyrah says:

    Christopher Webb (@cwebbonline) ·

    TRUMP‘S PLAN IS DIABOLICAL & SELFISH

    Trump is coming for the historic East Potomac Golf Links

    The public golf course was created over a century ago to make golf accessible to ordinary Americans who couldn’t afford private country clubs. It was built to open doors, not keep… pic.twitter.com/L0j2hAENnz

    View on X

  6. rikyrah says:

    Sir Rottweiler 🇺🇸🇬🇹🏳️‍🌈 (@SireRottweiler) ·

    When your movement is 85% yt, 67% male, & you spend all day harassing & villainizing minorities who prioritize self-preservation — maybe consider that instead of joining a “socialist” movement, you joined a yt supremacist movement marketing yt grievance populism as progressivism.

    View on X

  7. rikyrah says:

    AnatolijUkraine (@AnatoliUkraine) ·

    🇺🇦 Zelenskyy delivers a blunt message to the United States:

    “Just give us Starlink back. If you refuse, Ukraine will survive. We will continue defending ourselves with or without it.

    But why would you restrict a country fighting for its survival? Why make it harder for us to… pic.twitter.com/jdnOGmKm3n

    View on X

  8. rikyrah says:

    AnatolijUkraine (@AnatoliUkraine) ·

    🇺🇦 Zelenskyy delivers a blunt message to the United States:

    “Just give us Starlink back. If you refuse, Ukraine will survive. We will continue defending ourselves with or without it.

    But why would you restrict a country fighting for its survival? Why make it harder for us to… pic.twitter.com/jdnOGmKm3n

    View on X

  9. rikyrah says:

    BladeoftheSun (@BladeoftheS) ·

    The Supreme Court burns to the ground in Albania, Parliament and the Department of Education has been stormed, the Prime Minister is in hiding and the country is effectively in the hands of the rebels.

    Albania rejects blatant corruption and their country being sold. pic.twitter.com/EH22FBySId

    View on X

  10. rikyrah says:

    Save East Po (@SaveEastPo) ·

    This proposed plan is absolutely unacceptable.

    Here’s what the plan actually does: 36 holes of public golf cut to 18. No more mini golf. No more park. More running / cycling road. No more playground. No more introductory course. Nobody has said a word about the Cherry blossoms.… https://t.co/ADuryXjkjQ

    View on X

  11. rikyrah says:

    This was so romantic and adorable :)

    !Nspirenaire⚠️ (@Inspirenaire) ·

    This was outstanding! He made this video for his wife on how he first met her!! They are 23 years strong and this was one of her birthday surprises! This was so adorable and nostalgic . One of the best things you can give someone for their birthday is memories, old and new… pic.twitter.com/AH7Iuj3R98

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  12. rikyrah says:

    Kyle Griffin@kylegriffin1

    The Ramaswamy ad has pushed the largest newspaper in Ohio, the Cleveland Plain Dealer, to reverse its position on endorsements. “A candidate who uses childhood sexual abuse as a weapon against the person who endured it has crossed a line that Ohioans should defend, whatever their party.  We are better than this. We have a responsibility to show it. Today we endorse Democrat Amy Acton for governor.” cleveland.com/open/2026/10/w…

  13. rikyrah says:

    RIP

    The Hollywood Reporter@THR

    Walter Koenig, the Russian Crewman Chekov on ‘Star Trek,’ Dies at 90

  14. rikyrah says:

    Good Morning, Everyone😊😊😊

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