Rep. Alexandria Ocasio-Cortez (D-NY) sounded the alarm in a new interview with Rolling Stone's Lorena O'Neil published Friday about how, in her view, the Trump presidency has become a vessel for the will of tech billionaires, who are behind some of the most destructive policy initiatives against working people.
This comes at a moment when one of the most visible of these billionaires, Elon Musk, is formally exiting the White House — though perhaps not going away entirely — after installing his Department of Government Efficiency (DOGE) task force to help Trump purge the civil service.
"There is almost no area of our lives that has not been affected by this tech-billionaire class because they’re buying elections," said Ocasio-Cortez, an outspoken progressive lawmaker. "The balance of the Senate has been shifted because of the crypto lobby dumping millions of dollars into right-wing authoritarian candidates. And it’s important to note that this money is not going into just issue-lobbying alone."
What makes this particularly chilling, she continued, is that crypto billionaires aren't just doing the usual lobbying and favor-seeking for their industry: "This is about crypto billionaires trying to install and support authoritarians and fascists, because they believe that if those fascists are personally close to them, then they can control far beyond the regulation of financial instruments. They think they can really start imposing this dystopian worldview that includes everything from the subjugation of women to democracy itself."
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The GOP's fight to pass a "big, beautiful bill" that cuts hundreds of billions from Medicaid — something even some MAGA Republicans are uncomfortable with — is part and parcel of that, she argued.
"Elon Musk dumped hundreds of millions of dollars into trying to buy the U.S. presidential election, and he is trying to recoup that investment by getting one of the largest tax cuts for billionaires in American history — which the Republican Party is trying to pay for through massive cuts to Medicaid, for Americans with disabilities, health care for the poor," she said. "They’re trying to cut Medicaid and SNAP food assistance to pay for additional tax cuts for Elon Musk and his industries, as well. And so it’s really important for people to understand that this goes beyond tech. This is about the extreme concentration of money and power."
The scene of tech CEOs like Musk, Amazon's Jeff Bezos, and Meta's Mark Zuckerberg sitting close to Trump at his inauguration, she continued, is "a moment in history personified."
"This is not just people buying favors," Ocasio-Cortez said. "This is about who controls this country, and everyone else is just a formality, and that is the worldview that we are up against right now. This is the stakes of the present moment. And when Sen. Sanders and I talk about oligarchy, this really is what this is. It is beyond partisan as well. It is concentrated. It is most concentrated in the Republican Party. But it’s also the power that controls our politics writ large."