Ken Griffin just hates tariffs, which funded the (necessarily very small) federal government until the 20th century.
Meanwhile he's afraid the 12,000 lobbyists which already populate Washington procuring handouts like the Chips Act's billions of dollars for businesses will be replaced with 12,000 other ones lobbying for something else, ROFLMAO.
Citadel’s Ken Griffin says Trump’s tariffs could lead to crony capitalism
“I am gravely concerned that the rise of tariffs puts us on a
slippery slope towards crony capitalism,” the billionaire investor said
Thursday at the Economic Club of New York. ...
“Those same companies that enjoy that momentary sugar rush of having their competitors removed from the battlefield, soon become complacent, soon take for granted their newfound economic superiority, and frankly, they become less competitive on both the world stage and less competitive at meeting the needs of the American consumer,” Griffin said at the event. ...
“Now you’re going to find the halls of Washington really filled with the special interest groups and the lobbyists as people look for continued higher and higher tariffs to keep away foreign competition, and to protect inefficient American businesses have failed to meet the needs of the American consumer,” Griffin said.
