Libertarian Populism?

Paul Krugman

Delusions of Populism
By PAUL KRUGMAN

Have you heard about “libertarian populism” yet? If not, you will. So let me make a helpful public service announcement: It’s bunk.

Well, as far as anyone can tell, at this point libertarian populism — as illustrated, for example, by the policy pronouncements of Senator Rand Paul — consists of advocating the same old policies, while insisting that they’re really good for the working class. Actually, they aren’t. But, in any case, it’s hard to imagine that proclaiming, yet again, the virtues of sound money and low marginal tax rates will change anyone’s mind.

Moreover, if you look at what the modern Republican Party actually stands for in practice, it’s clearly inimical to the interests of those downscale whites the party can supposedly win back. Neither a flat tax nor a return to the gold standard are actually on the table; but cuts in unemployment benefits, food stamps and Medicaid are. (To the extent that there was any substance to the Ryan plan, it mainly involved savage cuts in aid to the poor.) And while many nonwhite Americans depend on these safety-net programs, so do many less-well-off whites — the very voters libertarian populism is supposed to reach.

Specifically, more than 60 percent of those benefiting from unemployment insurance are white. Slightly less than half of food stamp beneficiaries are white, but in swing states the proportion is much higher. For example, in Ohio, 65 percent of households receiving food stamps are white. Nationally, 42 percent of Medicaid recipients are non-Hispanic whites, but, in Ohio, the number is 61 percent.

So when Republicans engineer sharp cuts in unemployment benefits, block the expansion of Medicaid and seek deep cuts in food stamp funding — all of which they have, in fact, done — they may be disproportionately hurting Those People; but they are also inflicting a lot of harm on the struggling Northern white families they are supposedly going to mobilize.

Which brings us back to why libertarian populism is, as I said, bunk. You could, I suppose, argue that destroying the safety net is a libertarian act — maybe freedom’s just another word for nothing left to lose. But populist it isn’t.

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