In a recent phone interview on CNBC, US President Donald Trump accused big tech companies like Amazon, Google, and Facebook of colluding with Democrats against him.
The bias in these companies’ leanings has been made relatively clear by others. Even Facebook’s own Mark Zuckerberg said that Silicon Valley is predominantly leftist. With such massive platforms, these companies are seeking to move public opinion.
Trump Takes On Centralized Tendencies
The suggestion that independent companies would work together to accomplish political aims is not that far-fetched. Trump has made it clear that he believes they’ve been against him from the start.
“People talk about collusion. The real collusion is between the Democrats and these companies because they were so against me during my election run. Everybody said if you don’t have them, you can’t win. Well I won, and I’ll win again because we’re doing well and we’re not the fools anymore.”
In an interesting twist of fate, however, it appears that the President’s accusation of centralized bias may come home to roost. The federal government has been making a number of very centralized decisions regarding financial movements in the marketplace.
For example, Trump’s threat of tariffs on Mexico for political ends sent markets tumbling last week. When asked about the trade negotiations with China and Huawei, the President made it clear that he intends to deal with the political threat with financial negotiations.
“I do see it as a threat. At the same time, it could be very well that we do something with respect to Huawei as part of our trade negotiation with China.”
The old adage about the pot calling the kettle black may be appropriate. The negotiating tactics that Trump has used are the same as his enemies. Collusion and financial pressures to achieve political ends are nothing new in Washington.
What’s more, the consumer is generally the final victim of such policies. As the markets respond to the complexities of trade negotiations and political intrigue, everyday investors pay the price.
Moving Away From the Center
The answer to such issues may be found in decentralization. Shifting away from the centralized platforms that link money with politics can have a profound impact on how governments function.
By decentralizing authority and connecting consumers together without external influence, Bitcoin provides a system that divests governments of financial gamesmanship. Trump may not like collusion in Silicon Valley, and big tech may not like Trump — but everyone should be a fan of Bitcoin.
Do you think Bitcoin is the answer to deal with the political and financial intrigues facing markets today? Will politicians find a way to manipulate Bitcoin just the same? Let us know your thoughts in the comments below!