It’s why the government needs to curb and heel billionaires. A bunch of techbros who mistake money for smarts pushes an obviously dumb strategy to a pack of populist clowns and grifters.
That should not be possible. The kickback from this mania is going to be pretty extreme pain for these clowns.
If history is any indication, then the blowback will be leveraged (successfully) to point fingers at other parties (doesn't matter who), and then the proposed remedy will be to double-down:
"It didn't work the first time around because we weren't strong-willed/determined/patriotic enough, this time We Must Go All In, and stamp out any dissidents with extreme prejudice, for they are the Enemy holding us back from our Finest Hour!"
What will happen is either a collapse of the US economy or a collapse of the Trump administration.
Even if the administration grows a brain and reverses course, we are on course for a COVID-like supply chain shock that will cause major pain. Not to mention the loss of trust that will absolutely depress the needed regrowth.
That should not be possible. The kickback from this mania is going to be pretty extreme pain for these clowns.