The enduring influence of business leaders on presidential policy: From McKinley to Trump

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November 14, 2024 10:16 amThe return of Donald Trump to the presidency in 2024 has reawakened a historical pattern: influential business figures using their resources and networks to support a national leader whose policies align with their vision for economic stability. Over a century ago, powerful industrialists like J.P. Morgan and John D.

The creation of DOGE is emblematic of Trump’s approach, which, like McKinley’s administration, seeks to harness the resources and knowledge of private-sector leaders. Musk’s role as head of DOGE positions him not only as a policymaker but as a bridge between government and tech, tasked with restructuring and modernizing federal operations.

At the same time, Musk’s position does share a common thread with that of McKinley’s supporters: a shared vision to stabilize and strengthen America’s economic foundation, albeit in different ways. Where Morgan and Rockefeller sought protective tariffs and favourable policies, Musk aims to enhance governmental function and competitiveness.

 

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