RECOMMENDED READING
Conservative: Globalism Is Dead
The effect of President Trump’s policies on trade, immigration and the stock market shows a “three-dimensional collapse of the narrative atop which we built our economy over the past generation,” argues Oren Cass at Commonplace.
Contra the tariff-panic crowd, “consumer sentiment is up and inflation is down,” while “the stock market is up.”
Plus, “the dollar is down” which means cheaper goods. “With aggressive immigration enforcement, the United States has ceased releasing illegal migrants into the country entirely,” and “one million people in the country illegally may already have departed.”
“And as the State Street index shows, a basic S&P 500 fund has been outperforming the private equity industry over every timeframe.”
The globalist conventional wisdom is dead. “We are seeing now that a different course has always been available.”
Recommended Reading
Integralism, Rightly Understood
What’s good for us must be good for the world, we think, and vice versa—an assumption the rest of the world does not necessarily share.
Vivek’s Pivot Back to Neoliberalism
Ramaswamy’s “national libertarianism” is a thinly veiled retread of pre-Trump economic orthodoxy.
War Footing: Made in the Americas
Taking the side of ancient particularity in its long-standing quarrel with modern universalism, I warned in a July Commons post against the temptation to orient American policy towards China around the moralizing language of human rights that has dominated international discourse since the Second World War.
