RECOMMENDED READING

The Ronald Reagan Presidential Library is playing host this year to prominent Republicans speaking about their party’s future. Senator Tom Cotton used his recent turn to disavow the longstanding alliance on America’s right-of-centre between conservatives and libertarians. “Whereas libertarian ideas have helpfully influenced domestic tax and regulatory policy,” he said, “these ideas often falter in a world of borders. There’s no natural level of people, goods, or money moving across borders; it’s a policy choice that must be made by the people and their representatives.”

Despite the priority that the Republican party has traditionally given to the free flow of capital, elevating it almost to a core principle, a wide range of conservatives are now making the case that China should be the exception. Cotton is one such intellectual bellwether. His speech was a sign of how far the economic consensus has shifted against globalisation. Investors should anticipate major policy responses, he made clear, in financial markets.

Continue reading at Financial Times
Oren Cass
Oren Cass is chief economist at American Compass.
@oren_cass
Recommended Reading
A New Republican Future Is Emerging—the Return of Actual Conservatism

JD Vance’s VP nomination could mean a GOP attuned to the needs of everyday Americans.

Unpacking the Vance VP Pick with Henry Olsen

EPPC’s Henry Olsen joins to discuss the selection of JD Vance as Trump’s VP and what it means for the future of populist conservatism.

The Economic Theory Behind J.D. Vance’s Populism

New York Times host Ezra Klein interviews chief economist Oren Cass to discuss the ideological battle within the GOP.