Reid Hoffman Slams Business Leaders Backing Trump. 'A Robust, Reliable Legal System Is Not a Given.'

LinkedIn cofounder Reid Hoffman criticized business leaders who support former President Donald Trump's 2024 presidential campaign in an op-ed in The Economist. Hoffman stated that Trump's fraud conviction demonstrates his potential to destabilize the legal framework essential for businesses. Some business leaders supporting Trump think he can be "normal and controlled" if elected again, while others see Democrat Joe Biden as worse for business. Hoffman said some think they would rise to the top of a "new oligarchy" under Trump, while others fear retaliation for not supporting him. Many business leaders want lower taxes and less regulation, even if it risks democracy and impartial courts.