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June 10, 2025
There’s a lot at stake: for Trump, Musk’s political funding ahead of the 2026 midterms; for Musk, billions in government contracts and subsidies for his companies. Smith and Bremmer discuss Trump and Musk’s alliance of convenience, where it all broke down, the role of political journalism in covering such a public conflict, and who ultimately has the upper hand in the battle between political leaders and tech oligarchs.
“[President] Trump's power to reward his friends and punish his enemies in the very short term, in very consequential and permanent ways is totally unprecedented,” Smith says, “Business leaders, civil society and the media can be intimidated and Trump knows it. He usually wins that game of chicken.”
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