Trump vs Musk: Billionaire investor Michael Moritz' advice to Silicon Valley, 'One of them is a medical monarch...'
Silicon Valley investor Michael Moritz took Elon Musk's side and said Trump's budget truly is abomination.
Longtime Silicon Valley investor Michael Moritz said the tussle between Donald Trump and Elon Musk was inevitable as one of them is a medieval monarch and another is a revolutionary.
In his column on Financial Times, Mortiz wrote that one man approached the government like a company and the other considers the government his company and Silicon Valley knows which to choose.
Calling the eruption between Elon Musk and Donald Trump mortifying for those in Silicon Valley, Moritz backed Musk and said he is right in calling Donald Trump's budget an abomination.
"I feel more than a tinge of sympathy for Musk.
Unlike others, I don't believe he threw himself into this battle for personal gain or to wangle deals for his companies. He, like many, was disenchanted with a Democratic party that had lost its moorings, mismanaged California and whose leader, Joe Biden, let vanity conquer virtue. Sadly, he misjudged the character of the man with whom he threw in his lot," Mortiz wrote.
Elon Musk is undoubtedly the most accomplished business builder of his generation, Moritz said.
"But the government is not a company". Moritz said Musk failed to understand that Trump was more interested in the daily news cycle than in reform. "Musk is the revolutionary, the president the monarch".
Musk also underestimated the way in which Trump's "cabinet and advisers, and all the targets in his crosshairs, were determined to fight him. He was the outsider. They were the occupants of the swamp."
"What is the result of this meeting of company builder and medieval monarch? It's the opposite of what was promised: a US budget that has ballooned, debt levels that will only rise and crushing interest payments that make the country vulnerable to its largest creditors — Japan and China."
Moritz took Elon Musk's side and said his reputation is now tarnished and his business interests hurt but Donald Trump's family business inked deals for new hotels and golf courses around the world.
"One word of advice for those in Silicon Valley who followed Musk's lead and sided with Trump. Leave. Don't delude yourself that you are working to make crypto a part of global finance, minimising artificial intelligence regulation, helping start-up companies or protecting the interests of Silicon Valley. You have no sway. You are just cannon fodder," Moritz said.
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