The New Economic Nationalism

Economic nationalism is catnip to the Obama administration for the same reason that it attracts the small Buchananite faction of the Right: It provides a simplistic master narrative for explaining complex economic challenges to people not intellectually inclined to do the work necessary for understanding them, it is fueled by resentment and anxiety, and, most important, it gives politicians somebody to blame. As economics it is indefensible; as political rhetoric it is, unfortunately, immortal.

via The New Economic Nationalism – The Editors – National Review Online.

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