Billionaire LinkedIn cofounder Reid Hoffman slams business leaders who support Trump: 'A reliable legal system is not a given'

The billionaire cofounder of LinkedIn, Reid Hoffman, slammed business leaders who support former President Donald Trump, arguing that a 2024 win for the Republican would actually be bad for the economy.

Hoffman, who cofounded LinkedIn in 2002, wrote an op-ed in The Economist last week criticizing his fellow executives for their "myopia" in backing Donald Trump's run for presidency. He argues that a "robust legal system" is critical for American business to prosper because it keeps things in check. Courts of law and impartial juries are necessary to "enforce contracts and punish fraud."

"But a robust, reliable legal system is not a given," Hoffman wrote. "It is a necessity we can ill afford to live without. We trade it away at our peril." "Which makes it all the more lamentable that a growing number of America's corporate and financial leaders are opening their wallets for Donald Trump," he added.

Hoffman argues that, if elected this November, Trump — who was convicted of 34 felonies for falsifying business records to cover up an alleged affair with adult film actress Stormy Daniels — could upend the entire legal system that the American economy and American businesses rely on.