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Friday, December 23, 2016

Paul Krugman: Populism, Real and Phony

 "Trumpism ... is anything but populist":

Populism, Real and Phony, by Paul Krugman, NY Times: Authoritarians with an animus against ethnic minorities are on the march across the Western world. ... But what should we call these groups? Many reporters are using the term “populist,” which seems both inadequate and misleading..., are the other shared features of this movement — addiction to conspiracy theories, indifference to the rule of law, a penchant for punishing critics — really captured by the “populist” label?
Still, the European members of this emerging alliance — an axis of evil? — have offered some real benefits to workers. ... Trumpism is, however, different..., the emerging policy agenda is anything but populist.
All indications are that we’re looking at huge windfalls for billionaires combined with savage cuts in programs that serve not just the poor but also the middle class. And the white working class, which provided much of the 46 percent Trump vote share, is shaping up as the biggest loser. ...
Both his pick as budget director and his choice to head Health and Human Services want to dismantle the Affordable Care Act and privatize Medicare. His choice as labor secretary is a fast-food tycoon who has been a vociferous opponent both of Obamacare and of minimum wage hikes. And House Republicans have already submitted plans for drastic cuts in Social Security, including a sharp rise in the retirement age. ...
In other words..., European populism is at least partly real, while Trumpist populism is turning out to be entirely fake, a scam sold to working-class voters who are in for a rude awakening. Will the new regime pay a political price?
Well, don’t count on it..., you know that there will be huge efforts to shift the blame. These will include claims that the collapse of health care is really President Obama’s fault; claims that the failure of alternatives is somehow the fault of recalcitrant Democrats; and an endless series of attempts to distract the public.
Expect more Carrier-style stunts that don’t actually help workers but dominate a news cycle. Expect lots of fulmination against minorities. And it’s worth remembering what authoritarian regimes traditionally do to shift attention from failing policies, namely, find some foreigners to confront. Maybe it will be a trade war with China, maybe something worse.
Opponents need to do all they can to defeat such strategies of distraction. Above all, they shouldn’t let themselves be sucked into cooperation that leaves them sharing part of the blame. The perpetrators of this scam should be forced to own it.

    Posted by on Friday, December 23, 2016 at 10:19 AM in Economics, Politics | Permalink  Comments (133)


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