Plenty of
Never Trump Republicans are quick to assure us that Trump is no
conservative. So it is fair to ask, is
Donald Trump a conservative? I suppose
that depends on how you define conservative, and I, as a liberal, am not in the
best position to do so. Certainly he is
not a conservative if you define conservative to mean cautious, prudent,
looking before you leap, or taking an attitude of, “If it ain’t broke, don’t
fix it. If it is broke, proceed with
extreme caution.” Nor is he conservative
if you define that term as traditionalist, promoting moral restraint, favoring
the rule of law, or relying on institutions rather than individuals for
security. And certainly he is no
conservative if by that you mean conscious of the dangers of appeals to
people’s worst instincts.
If you
define conservatism as upholding the status quo of power, the answer is rather
more complex. Famously, he has boasted
that he wants to “drain the swamp” in Washington, but what does that mean? To a liberal, it means getting rid of the big
money influence, and addressing the issue of regulatory capture, i.e.,
regulation operating to the benefit of the industries they are supposed to be
regulating. But that does not appear to
be how Republicans understand the phrase.
To Trump supporters, it means getting Washington insiders all upset and
disrupting the city’s ability to function at all. And to the Republican donor class, draining
the swamp means ending economic regulation altogether. After all, they reason, if regulators just
end up being captured by the industries they regulate then the only sure way to
end the problem of regulatory capture is to end
economic regulation altogether.
And that is where things become awkward. Because if you define conservatism as the priorities of the Republican donor class – wanting to massively cut taxes with a focus on the top and on corporate taxes, and to gut regulations – then Trump is very conservative indeed. Most famously, he has required all regulatory agencies to eliminate two major regulations for every one enacted, and requiring the two repealed regulations to have a greater cost than the one enacted. The result has been to bring new regulations to a virtual halt, with only fifteen (15) major regulations issued, all in areas exempt from the order, as opposed to 93 in a comparable time by Obama and 114 by the Junior Bush. Many Obama era regulations passed in the last six months of his administration have been repealed as well.* The Trump Administration has been skeptical of Obama-era workplace protections, rolling back restrictions on exposure to beryllium and silica and requirement for employers to keep records of workplace injuries. It has thrown open public lands to coal mining.
It is true that he differs from the Republican
donor class in on immigration, and plenty of the rank-and-file see this as a
major break with traditional conservatism and a major victory over the donor
class, which wants to bring in cheap labor.
But the Republican Party has a longstanding nativist tradition. The anti-immigration faction of the party has
been dominant ever since it beat back Bush, Junior’s proposed immigration
reform. The donor class might prefer
more immigration, but ultimately the issue is not so important to them that
they are prepared to split the party over it.
So long as fighting immigration does not mean imposing burdensome
regulations on employers, they are willing to accept an anti-immigration party
in exchange for tax cuts and regulatory rollback.
It is also
true that he differs from the Republican donor class on free trade. This is a more complex issue. On the one hand, conservatives (as generally
understood), the Republican Party, and industrial capitalists (closely aligned
since the 1870’s) have a traditional of protectionism to promote U.S. industry
dating back to before the existence of the Republican Party and ending only
after WWII, when protectionism was seen as contributing to the war by deepening
the Depression. But times have changed
since then. Since then industrial
capitalists have become much more internationalist, building plants the world
over and creating complex, highly integrated supply chains spanning national
borders. The Republican donor class may
be willing to yield ground on the free flow of people across national
borders. They are unlikely to be so
accommodating on the free flow of goods or capital. But then again, thus far Trump has not
undertaken any serious protectionist actions, at least in part because cabinet
members from the Republican donor class have managed to talk him down by
convincing him of the damage that disrupting supply chains would cause.
It is also
true that Trump has not yet delivered any kind of tax cut, and that he does not
favor mass cuts in entitlement spending, other than Obamacare. But the Republican establishment is
capitulating with unseemly haste on the matter of spending, rapidly discovering
that their real opposition is not so much to government spending as to a
Democrat doing it, and that so long as they get their tax cuts, deficits and
spending aren’t really important.
Besides, tax cuts will either unleash such growth as to make cuts in
spending unnecessary or else precipitate a future fiscal crisis and force
future spending cuts (hopefully with a Democrat in office), so who cares.
But what
Trump has been able to deliver on appears to be what the Republican donor class
really cares most about – massive regulatory rollback. Even Steve Bannon, the least establishment of
Trump’s appointees, has boasted about the “deconstruction of the administrative
state.” In short, if you define
conservatism as economic royalism, then Trump is as conservative as you can
get.**
The real
difference is that Trump is the first Republican to make a populist
case for economic royalism. During the
2012 election, with Mitt Romney as the candidate, Republicans argued that
business owners – “job creators” – were the only truly productive members of
society, and that anyone willing to let someone else sign their paycheck were
simply losers and failures who never worked a day in their lives and
contributed nothing to the economy. Unsurprisingly,
that was not a winning argument.
Trump’s argument, famously, has been to blame the loss of good-paying
blue collar jobs on foreigners – both immigrants stealing jobs from the
native-born, and from plants that flee overseas to take advantage of cheap
foreign labor. The danger in this
argument, from an economic royalist perspective, is that it might draw
attention to who is hiring all those illegal immigrants and sending all those
plants overseas. But here Trump has the
answer. He doesn’t focus so much on
immigrants lowering wages as on immigrants committing crimes. And as for those plants fleeing overseas, it
isn’t the employers’ fault. It is the
evil government, strangling our noble and honorable job creators with
unconscionable taxes and regulations.
Repeal the taxes and regulations, and job creators will bring back all
those good-paying jobs of old, just as they have always wanted if only the evil
regulators had not interfered. And to
all appearances Trump has been successful at selling economic royalism as a
populist philosophy.
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*Complex rules forbid simple legislative repeal of regulations more than six months old.
**And it should be noted that the economic royalist assumption that rolling back regulations "drains the swamp" by removing opportunities for regulatory capture ignores the potential for corruption and conflict of interest in the process of deregulation -- call it deregulatory capture.
______________________________
*Complex rules forbid simple legislative repeal of regulations more than six months old.
**And it should be noted that the economic royalist assumption that rolling back regulations "drains the swamp" by removing opportunities for regulatory capture ignores the potential for corruption and conflict of interest in the process of deregulation -- call it deregulatory capture.
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