I’m beginning to notice a pattern among the anti-crony-capitalist set.
They’ve adopted a view of the interaction between government and business that is manichean at best, New Leftism in conservative drag at worst.
National Review’s Jonathan Strong passed on this thought from Rep. Raul Labrador:
Great pt from Labrador that media has derided tea party for not being under Wall St’s thumb while normally they fret about $ in politics
— Jonathan Strong (@j_strong) October 16, 2013
Now there’s no middle ground between being in the pocket of big business and not blowing up the global financial system.
And yesterday, Forbes’s James Poulos mused that Sen. Ted Cruz was waging a quixotic battle against both Big Finance and Big Government:
Orderly non-default would go a long way to prove to Americans that our complex financial-political system does not need to run things. Who needs the Fed? We don’t even need to raise the debt limit! You can imagine the fallout. It seems impossible to me that Wall Street and the world’s key money elites would ever even consider throwing in the towel on this level. If the financial elite loses the popular perception that they and their ways are essential to basic economic order, the jig is up. And if you can bet on one thing, it’s that the financial elite isn’t going to opt for the jig to be up.
That’s why I rate it extraordinarily likely Cruz and Company will be whipped and the debt limit raised. They thought they could take on big government and big business without any radical-left allies. My expectation is that, come the end of this non-crisis, that was their only miscalculation that mattered.
Again, this notion that preventing a default on our national debt is some kind of sop to Wall Street. By all means, let’s have a debate about the financialization of the American economy. But let’s do so without bringing the system to ruin and hurting millions of ordinary participants of the real economy, shall we?
The Washington Examiner’s Tim Carney, bless his conflicted heart, wrote a column recently lamenting that a repeal of Obamacare’s medical device tax was the only concession Republicans would win in the shutdown/debt ceiling standoff. He acknowledges that the tax is “bad,” and that “Congress is correct to repeal it”—but then spends the rest of the column making a nearly airtight case for why the tax should remain in effect. (Read the piece from the sixth paragraph on, and tell me I’m exaggerating.)
The libertarian-populist take on the medical device tax was shared by enough Republicans that language to repeal it was actually stripped out of the House leadership’s final attempt at a bill to reopen the government and raise the debt ceiling.
Finally, this morning I made it about a fourth of the way through Kevin D. Williamson’s piece on the tempest-in-a-teapot controversy over the closing of national monuments during the shutdown. He writes, jauntily, “Every American has a little sedition in his soul, and this is a very good time to give it free rein.” To be charitable, Williamson has in mind Thoreauvian civil disobedience here, not outright sedition, but all the same, I find the whole tone utterly disturbing.
RedState’s Erick Erickson actually wrote the following sentence with a straight face: “Mitch McConnell is the single obstacle we have this week to taking our country back from the death spiral instigated by Obama and his merry band of community organizers.”
This talk of death spirals, storming barricades, of cleaning the Augean Stables of K Street, of exposing the naked emperors of Wall Street, of constitutional conventions—it seems painfully apparent to me that many folks on the right are suffering from radicalism envy. They are drama queens of the apocalypse.
Movement conservatism has always been half-crazy.
Lately it’s more like three-quarters crazy.