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Wednesday, July 24, 2013

LibPop .....Libertarian Populism

By now the world knows about the revolt within the Republican Party over civil liberties and foreign policy, as Kentucky Sen. Rand Paul and others condemn PATRIOT Act–style encroachments on citizens' rights, Iraq-style projections of power abroad, and a drone war that threatens to blur the difference. Lately there's been talk of another rebellion, this one directed at the economic policies that have come to define much of the Republican Party, and for that matter much of the Democratic Party as well. The members of this movement, to the extent that a nascent tendency can be described as a movement, have been labeled libertarian populists—"libertarian" because they aim their fire at big government, "populists" because they aim their fire at other large, centralized institutions too. The LibPop idea is to take an axe to the thicket of corporate subsidies, favors, and bailouts, clearing our way to an economy where businesses that can't make money serving customers don't have the option of wringing profits from the taxpayers instead.