The article explores the evolving relationship between tech capital and the state, particularly in the context of the Trump administration. It describes a dinner in 2025 where tech leaders vied for favor, promising investments and aligning with the government's goals. This reflects a shift in the tech industry's attitude, driven by the race for AI dominance and previously unthinkable valuations.

Historically, the concept of technocracy, or rule by technical experts, has deep roots in American political culture. In the 1930s, the original technocracy movement aimed to establish an anti-democratic state run by experts. The movement believed technology, not workers or nations, was the main revolutionary agent. This historical context provides a framework for understanding the current trends.

Early technocrats like Thorstein Veblen critiqued capitalism and advocated for engineers to replace business managers. The initial movement, led by Howard Scott, had a short-lived impact, but the idea of technical expertise guiding society has resurfaced. The current alignment between tech and the state suggests a modern iteration of these historical trends.

Looking ahead, the implications of this growing relationship warrant scrutiny. As Silicon Valley and the government become more entwined, questions of regulatory oversight, innovation, and societal impact will likely arise. It's crucial to understand the historical context and potential consequences of technocratic tendencies in the technology sector.