To take just one example. Pro-crypto appointments to major financial regulators (the SEC, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation), along with pressure from financial firms eager to enter the lucrative business of holding other people’s cryptocurrency will open the way for banks and other financial institutions to put crypto on their balance sheet—and to make it easier to access for millions of people who’ve never touched crypto before (only 17 percent of Americans have ever touched crypto).

With the deportation machine that Biden left intact, Trump will be in an even better position to fulfill his latest promise: more ICE agents and raids, mass deportations (upwards of a million a year), and giant camps to detain migrants in. On this task, another Thiel-backed venture which thrived under the Biden administration can help: Anduril Industries, founded by Palmer Luckey. It makes sense that Luckey has nabbed contracts with the Pentagon given Anduril is a weapons manufacturer, but you might be surprised that the company is also providing its products to US Customs and Border Patrol in the form of “autonomous surveillance towers” thanks to Biden’s demand for “high-tech capacity” at the border. Luckey’s been keen to cash in on the lucrative contracts available at the border for a while now—Thiel has been an influence here, cultivating a techno-nationalism among his acolytes that encourages close collaboration with US military and government clients for the sake of Western civilization. A Trump administration will see an intensification of the role Anduril already tries to play in the Biden admin: terrorizing migrants at the border, surveilling indigenous reservations, and manufacturing weapons for the military.

  • BodyBySisyphus [he/him]
    ·
    18 days ago

    When is Tolkien's angry ghost going to rise from thr grave and drag every dystopic tech corporation named after something in his books into the depths of Hell?