The Republicans might be on the cusp of an historic realignment if the party can capitalize on this election’s trends.
And like elites everywhere, they will fight without quarter to maintain the power and privilege they have spent a lifetime to acquire — as President Biden just learned to his detriment.
And let’s not forget Big Tech: More than 80% of contributions from employees at firms like Apple, Google and Nvidia flowed to Democrats in the 2020 election.Well-off and connected elites tend to use their power to obtain special favors, like the massive subsidies universities have secured or the public “investments” Big Tech got in the CHIPS and Science Act.
Apple’s huge profit margins on its iPhone, which has reached as high as 60%, is possible only because the units are assembled overseas using cheap labor in places like China or Vietnam.
2024 Presidential Election Democratic Party Populism Republican Party Working Class
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