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Exposing the transgender money machine

Michie

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Transgender advocacy is welded into Kamala Harris’s campaign for US President. Her choice of Tim Walz was interpreted as a strong signal to the LGBTQI+ movement, partly because he made Minnesota a “refuge” for trans people.


The participants in a Zoom call convoked by Trans Folks for Harris recently were confident that she would support them.


“We have so much power,” said activist Charlotte Clymer. “We have way more power than they think, that’s for damn sure. And when we use that power, when we organize together and have each other’s backs, we can do great things.”


If trans folks do have power, part of it is surely due to the poorly appreciated fact that trans medicine is a big, powerful, and growing industry worth billions of dollars. So it’s not just the minuscule number of trans people who are involved, but a myriad of investors, corporations, doctors, nurses, and support staff as well.


A trans entrepreneur told Forbes magazine in 2020 that the potential market is immense. “Trans-tech is a budding industry with an enormous opportunity,” said Robbi Katherine Anthony. “Our estimates place the average cost of transition at $150,000 per person. Multiply that by an estimated population of 1.4 million transgender people, we’re taking about a market in excess of US$200 billion. That is significant. That’s larger than the entire film industry.”


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