After Donald Trump won this month’s election, one of the first things he did was to name two unelected male plutocrats, Elon Musk and Vivek Ramaswamy, to run a new Department of Government Efficiency. The yet-to-be-created entity’s acronym, DOGE, is something of a joke—a reference to a cryptocurrency named for an internet meme involving a Shiba Inu. But its appointed task of reorganizing the federal bureaucracy and slashing its spending heralds a new political arrangement in Washington: a broligarchy, in which tremendous power is flowing to tech and finance magnates, some of whom appear indifferent or even overtly hostile to democratic tradition.
The broligarchs’ ranks also include the PayPal and Palantir co-founder Peter Thiel—Vice President–Elect J. D. Vance’s mentor, former employer, and primary financial backer—as well as venture capitalists like Marc Andreessen and David Sacks, both of whom added millions of dollars to Trump’s campaign. Musk, to be sure, is the archetype. The world’s richest man has reportedly been sitting in on the president-elect’s calls with at least three heads of foreign states: Ukraine’s Volodymyr Zelensky, Serbia’s Aleksandar Vučić, and Turkey’s Recep Tayyip Erdoğan. Musk joined Trump in welcoming Argentine President Javier Milei at Mar-a-Lago and, according to The New York Times, met privately in New York with Iran’s ambassador to the United Nations in a bid to “defuse tensions” between that country and the United States. Recently, after Musk publicly endorsed the financier Howard Lutnick for secretary of the Treasury, some in Trump’s camp were concerned that Musk was acting as a “co-president,” The Washington Post reported.
Musk doesn’t always get what he wants; Trump picked Lutnick to be secretary of commerce instead. Even so, the broligarchs’ ascendancy on both the foreign- and domestic-policy fronts has taken many observers by surprise—including me, even though I wrote last August about the broligarchs’ deepening political alignment with Trump. Though some of them have previously opposed Trump because of his immigration or tariff policies, the broligarchs share his politics of impunity: the idea that some men should be above the law. This defiant rejection of all constraint by and obligation to the societies that made them wealthy is common among the world’s ultrarich, a group whose practices and norms I have studied for nearly two decades. Trump has exemplified this ethos, up to the present moment: He is currently in violation of a law—which he signed into effect during his first term—requiring incoming presidents to agree to an ethics pledge.