patrick.net

A few days ago, billionaire LinkedIn founder Reid Hoffman gave $10 million to the Kamala Harris effort, and promised a lot more. Hoffman is a Silicon Valley titan, part of the “PayPal mafia” that includes Peter Thiel and Elon Musk, though Hoffman sits on the Democratic side of the aisle. This morning, Hoffman went on CNN and issued demands. Harris must end Biden’s tariff and antitrust regimes, he said, and fire Federal Trade Commission Chair Lina Khan.

In other words, democracy really is on the ballot, but not in the way people imagine. An oligarch has explicitly and openly taken over policy because it conflicts with his small faction’s control of American society. And so far, most political leaders are silent.

The only upside here is that Hoffman is being very public, aggressive, and explicit about his demands. And he’s going to corner Harris until she kisses the ring, or refuses to do so. From his perspective, he’s not donating $10 million, he’s making a purchase. Or so he thinks. Now it’s up to Harris to make the choice. Does she have Silicon Valley donors, or Silicon Valley owners?