Joel Kotkin:

The discord among the American elites is far more pronounced now than in 2016 or 2020. This time, Donald Trump has gained more support from more tech and financial lords, notably the backing of Elon Musk, the world’s richest man and America’s most accomplished entrepreneur. Some of this can be traced to Biden’s policies, which have led to the likes of Chase’s Jamie Dimon to praise Trump, something unexpected from President Obama’s “favourite banker”. Financial industries overwhelmingly favoured Biden in 2020, but now are slightly more oriented to the GOP – despite continued evidence that Trump remains ever more irrational and crude.

But Trump does best with those industries, like construction, manufacturing and agriculture, that actually make things. People who work with their hands – truck drivers, plumbers, electricians, oil-workers and farmers – generally favour the Republicans and so do the people who employ them. Trump’s business backers include those like Harold Hamm and Kelcy Warren, with ties to fossil fuel energy. The pro-Trump producer lobby also includes Musk, easily America’s most important industrialist, as well as others such as Palantir co-founder Joe Lonsdale.

One element is concern among producer companies that a Harris administration would follow the model she championed in California. The Golden State imposes environmental and labour laws that have accelerated the state’s significant de-industrialisation and the immiseration of swathes of its population.

But Harris is still winning the daimyo wars. As has occurred throughout her career, she continues to harvest big money from the tech oligarchy. The industry helped her raise four times as much as Trump in August, and gathered in over $1 billion, two to three times Trump.

These are the very people who Teamsters President Sean O’Brien claims have “bought and paid” for the Democratic Party. Certainly, Harris’ ties to the oligarchy can hardly be ignored. She even reportedly received expert coaching for her strong debate performance – clearly the highlight of her otherwise vacuous campaign – from a top Google attorney litigating an anti-trust case against her own administration. This same company’s dominant search engine also appears to do its best to steer people to view Harris favourably, according to a study by the Media Research Center.