To Trump-allied neopopulists corporate CEOs are not the GOP’s allies in a war with big government. They are “woke” elitists, pushing liberal…
Conservative economic thinkers have now had eight years to construct an intellectual and policy framework around Trump's instinctive economic populist message.
WASHINGTON — The first Trump presidency shattered conservative economic ideology on the Republican Party's approach to free markets and tariffs.That's because the 2024 presidential election is playing out across a dramatically different economic and political landscape than previous Trump campaigns. I spoke to Sohrab Ahmari, a former Wall Street Journal editorial writer and one of the architects of this new populism, to get his insight into where conservative economics could be headed.
They argue that the Reaganite low-tax, low-regulation, free-market ideology has not worked out very well for American workers, but it has worked out enormously well for corporate elites. Reform corporate bankruptcy to mandate six months severance for all employees and one year's tax liability for local communities.Impose a financial transaction tax of 10 basis points on secondary market sales of stocks, bonds and derivatives.To be clear, this is not yet the dominant strain of Republican economic thinking in Washington. But it's indisputably on the rise.
Cass argues that Republican economic policy has been focused on the wrong goals: lowering prices and increasing consumption. "Three hundred billion dollars in fees for the hedge fund industry is not $300 billion in value," he added.
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