PETER NAVARRO'S NO-GOOD ECONOMIC NATIONALISM
Reason magazine|December 2020
PETER NAVARRO IS a loser. Literally.
ERIC BOEHM
PETER NAVARRO'S NO-GOOD ECONOMIC NATIONALISM

He has run for office five times and never won. He has never gained approval from the Senate to occupy an official cabinet post. He started a trade war that may not technically be lost yet, but it hasn’t been a roaring success by any account.

And yet, somehow, he’s become one of the most powerful people on the planet.

In a presidential administration that quickly jettisoned the few serious economists who signed on to help steer it away from catastrophe, Navarro has been the perfect fit. He’s a tough-talking Democrat-turned-Republican who maintains a set of deeply held beliefs that influence his policy choices and who refuses to be compelled by expert opinion or facts. He has no governing experience and recognizes a few of the practical or institutional limits on governmental behavior. In many ways, he is a magic mirror for President Donald Trump: He reflects Trump’s ethos and ideas but adds enhancements and policy details that would likely otherwise elude the president.

By anointing Navarro as, effectively, the czar of a new “economic nationalism” project that disdains free trade and delivers corporate handouts to favored firms, the Trump administration—and, by extension, the GOP—hasn’t found a new formula for winning elections or countering China. Instead, Republicans have embraced a warmed-over variant of what they once would have recognized and denounced as the losing economic policies of the political left.

This story is from the December 2020 edition of Reason magazine.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 2020 edition of Reason magazine.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM REASON MAGAZINEView All
Libertarianism From the Ground Up
Reason magazine

Libertarianism From the Ground Up

ARGUMENTS FOR LIBERTARIANISM typically take two forms. Some libertarians base their creed on natural rights-the idea that each individual has an inborn right to self-ownership, or freedom from aggression, or whatever-and proceed to argue that only a libertarian political regime is compatible with those rights.

time-read
5 mins  |
January 2025
Lawlessness and Liberalism
Reason magazine

Lawlessness and Liberalism

THE UNITED STATES is notorious both for mass incarceration and for militarized police forces.

time-read
5 mins  |
January 2025
Politics Without Journalism
Reason magazine

Politics Without Journalism

THE 2024 CAMPAIGN WAS A WATERSHED MOMENT FOR THE WAY WE PROCESS PUBLIC AFFAIRS.

time-read
10+ mins  |
January 2025
EVERY BODY HATES PRICES
Reason magazine

EVERY BODY HATES PRICES

BUT THEY HELP US DECIDE BETWEEN BOURBON AND BACONATORS.

time-read
10+ mins  |
January 2025
The Great American City Upon a Hill Is Always Under Construction
Reason magazine

The Great American City Upon a Hill Is Always Under Construction

AMERICA'S UTOPIAN DREAMS LEAD TO URBAN EXPERIMENTATION.

time-read
10 mins  |
January 2025
Amanda Knox Tells Her Own Story
Reason magazine

Amanda Knox Tells Her Own Story

\"OUR CRIMINAL JUSTICE SYSTEM RELIES UPON OUR OWN IGNORANCE AND THE FACT THAT WE DON'T KNOW WHAT OUR RIGHTS ARE.\"

time-read
10+ mins  |
January 2025
Trade Policy Amnesia
Reason magazine

Trade Policy Amnesia

WHILE HE WAS interviewing for the job, President Joe Biden demonstrated an acute awareness of how tariffs work. It's worrisome that he seems to have forgotten that or, worse, chosen to ignore it-since he's been president.

time-read
2 mins  |
January 2025
Civil Liberties Lost Under COVID
Reason magazine

Civil Liberties Lost Under COVID

WHEN JOE BIDEN was sworn in as president in January 2021, he had good reason to be optimistic about the trajectory of the COVID-19 pandemic.

time-read
2 mins  |
January 2025
Bye, Joe
Reason magazine

Bye, Joe

AMERICA'S 46th president is headed out the door. After a single term marked by ambitious plans but modest follow-through, Joe Biden is wrapping up his time in office and somewhat reluctantly shuffling off into the sunset.

time-read
1 min  |
January 2025
Q&A Mark Calabria
Reason magazine

Q&A Mark Calabria

IF YOU HAVE a mortgage on your home, the odds are that it's backed by one of two congressionally chartered, government-sponsored enterprises (GSES), Fannie Mae and Freddie Mac.

time-read
3 mins  |
January 2025