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Notes -
Richard Hanania: Kakistocracy as a Natural Result of Populism
Hanania has written about Hating Modern Conservatism While Voting Republican, in the past, but it appears he's close to buyer's remorse (end section of this article). We've had previous discussions about how reality-based Trump's policies are, and Hanania makes a fairly good argument that - except for political loyalty - reality isn't a concern, and that this isn't just true of Trumpism, it's an inherent flaw of populism, in general:
The "Trump's tariff agenda is an attempt to create a new Bretton Woods-like system" theory works well enough for me to think it can be judged against reality (specifically, if negotiations with allies for lower rates occur and the administration lays out a financial mechanism for reconciling export-friendly exchange rates and reserve-currency status, that would be strong evidence of a coherent, reality-responsive plan), but perhaps the Trump administration will just continue to tariff manufacturing inputs while claiming to be protecting manufacturing...
All I can say based on my sources (which we probably share) is that Hanania, if anything, understates his case, fearful of NDAs, and so focuses on blatant but not very consequential demonstrations of ineptitude. The brain rot in this administration is unbelievable, it's on par with the goofy early Communist governments I've marveled at in historical materials. People here who eloquently steelman them have their work cut out for them. They'll easily exceed the wokes in concocting justifications for pure primitive malice and barbarity in the coming years.
Acceptable collateral damage. Trump's election gave us a preference cascade and stopped wokeness ascendant. I'll take that any day over optimal trade policy.
If he'd stopped at 'suboptimal' and hadn't gone all the way to 'utterly ruinous', I'd agree with you.
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