On Monday, Gov. Ron DeSantis (R-FL) gave a major speech on economic policy in New Hampshire that declared our “economic independence” from “the failed ruling class,” “reckless government spending,” “the Chinese Communist Party,” “central planners,” and “progressive corporations.”
It was a nice crystallization of the new type of economic thinking that is becoming standard in certain conservative circles. It is one that does not reject the free market but does not believe it has all the answers. It is one that sees central planners and market interventionists as inimical to a free society and economy yet also understands the role economic policy plays in the cultural sphere.
However, it also featured some new enemies, such as big “progressive” corporations, income inequality, and trade deficits. He wants to “reverse” our trade deficits and “kneecap” both environmental, social, and governance standards and diversity, equity, and inclusion initiatives using the power of the state. In the speech, he even suggested the Supreme Court’s recent ruling on affirmative action should be interpreted to mean most DEI initiatives are unconstitutional.
It is also just as important to note, though, that DeSantis does not extend this view nearly as far as a market-skeptical conservative group such as American Compass, which I criticized earlier this year, would like to see. DeSantis does not seem to endorse forcibly reducing the trade deficit through absurdly high tariffs, for example, nor does he seem to think needlessly intervening in the internal affairs of private business is a good idea.
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