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Culture War Roundup for the week of October 17, 2022

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Previous incarnations of US conservatism (think late 1800s, early 1900s) were deeply critical, if not outright hostile, to capitalism.

"After all, the chief business of the American people is business. "

I can't think of a time where a recognizably conservative movement in the US was anti-capitalist. The WJB style populists might, in some sense, be called conservatives (them being as much a religious revival movement as a political movement) but, I think, instead they just demonstrate the difficulty of applying modern categories too closely to the past. After all, one would hardly call Grover Cleveland, whose faction WJB drove out of power in the Democratic Party, the left of the contemporary Democrats!

It was only with Reaganism (about the time when Cowen was a young lad) that the shift towards equating rampant capitalism somehow became associated with being "right-wing". Perhaps there is a generational divide here.

This is really just absolute nonsense. The association of capitalism with the American right-wing is about as old as the country itself, depending on exactly what you mean by capitalism and 'right-wing'. It's telling that the modern left thinks of the Jeffersonians as the 'conservatives' in the First Party System but really both parties in that era were pro-capitalism. The Federalists were an alliance of commercial and incipient industrial capitalists in the Atlantic port cities and the Republicans were agrarian capitalists more interested in trade and export. As you trace the lines forward, probably the only really thorough-goingly anti-capitalist sentiments you'll get are from the pro-slavery apologists like Fitzhugh but, even then, in practice the pro-slavery faction of the Democrats just wanted the same kind of export oriented commercial capitalism that the Old Republicans had. The post-Civil War Republicans were very pro-capitalism, so was the Conservative wing of the Democratic party. As the left-leaning labor wing of the Democrats developed and the various flavors of the original Progressive movement came into being you got anti-capitalism showing up again in American politics, but always invariably from the Left. Some of the more elitist strains of Progressivism are arguably more right-leaning than left but they just show useless the scale can become in the margins.

Honestly, the anti-capitalism of the New Right comes more from a deep-seated leftism at its heart. It's mostly young people who come from a youth cultural milieu that is extremely left wing (both socially and economically) and it just kind of swaps in a cultural conservatism (although one that honestly feels weirdly different from the Christian conservatism of decades ago) while maintaining the anti-market prejudices of their roots. In that way they're kind of like the original Populists, but they're not usually particularly closely related to the actual cultural roots of 19th century populism: few people who consciously identify as 'New Right' have an agrarian, Christian background and are instead usually suburban or urbanites from more-or-less de facto secular backgrounds.

This is really just absolute nonsense. The association of capitalism with the American right-wing is about as old as the country itself, depending on exactly what you mean by capitalism and 'right-wing'.

Indeed, the stereotype of "the yankee trader" predates the declaration of independence. Its a running joke along the gulf-coast that the US national pastimes prior to baseball were bootlegging and piracy.

Yeah, and even the ultra-wealthy Southern plantation owners were the analogical poor cousins of European nobility, who were forced by markets and circumstances to take an unseemly level of interest in the day to day management of their farms, ie. they were rural capitalists subject to market pressures.

Their favorite pastime was even bitching about their Scottish factors.