“People react to fear, not love,” explained Richard Nixon, a scaremongering maestro whose cries for “law-and-order” were a coded message to white citizens worried about black crime. “They don’t teach that in Sunday school. But it’s true.” Populist economic policy claims to design policies for people who fear losing status in society, and those who believe they have been abandoned by the political establishment. The populist economic agenda focuses on single and salient political issues, over emphasizes negative aspects of international economic exchange and immigration, and/or blames foreigners or international institutions for economic difficulties. And no President has weaponized fear quite like Trump. He is an expert at playing to the public’s phobias. The America rendered in his speeches and tweets is a dystopian hellscape. He shapes public opinion by emphasizing dangers – both real and imaginary – that his policies purport to fix.
Ayn Rand’s philosophy of objectivism argues that the purpose of life is the pursuit of happiness, and that the purpose of government is to aid that pursuit. Laissez-faire capitalism, she argues, is the only system that truly protects individual rights. In Atlas Shrugged, Rand extends this idea to divide humanity into two groups: creators, who should be given free rein to do anything, and consumers, who should be tolerated if possible and crushed if necessary. The core of Rand’s philosophy, Objectivism – which also constitutes the overarching theme of her novels – is that unfettered self-interest is good and altruism is destructive. Ayn Rand was defined by her rage, not her advocacy of a fantasy version of capitalism. Her message of creative aspiration is laced with anger and cruelty, and endowed with idealized and moralized selfishness and greed. These beliefs support the legitimacy of unbridled capitalism of neoliberalism.
Greenspan became one of the members of Rand’s inner circle, the Ayn Rand Collective, who read Atlas Shrugged while it was being written. During the 1950s and 1960s Greenspan was a proponent of Objectivism, writing articles for Objectivist newsletters. Greenspan was nominated by President George W. Bush to serve for an unprecedented fifth term as chairman of the Federal Reserve. He was previously appointed to the post by Presidents Reagan, George H. W. Bush, and Bill Clinton. In 2000, Greenspan raised interest rates several times; these actions were believed by many to have caused the bursting of the dot-com bubble. In October 2008, Greenspan belatedly hinted that he may have finally seen the dark side of Rand. In a speech to Congress, he said he had found a “flaw” in his “ideology” of how the free market worked. He had always hewed to the Randian belief that companies left to their own devices would work in their best long-term interests.
A culture of cruelty highlights both how systemic injustices are lived and experienced, and how iniquitous relations of power turn the “American dream” into a dystopian nightmare in which millions of individuals and families are struggling to merely survive. Limiting the public’s knowledge now becomes a precondition for cruelty. But the real-estate bubble demonstrated that many companies had actually favored massive short-term profits over long-term sustainability. In the process, they laid the groundwork for the biggest recession in sixty years. Public policy analyst Robert Reich argues that “the theme that united all of Trump’s [budget] initiatives so far is their unnecessary cruelty.” The culture of cruelty has become a primary register of the loss of democracy in the United States. Vast numbers of individuals are now considered disposable and are relegated to zones of social and moral abandonment. Then… the Tea Party emerged.
The Tea Party movement defined taxes as government-imposed costs that were unconstitutional, excessively high, and a threat to small-government principles – advocating for significantly lower taxes and a reduction in government spending to decrease the national debt and deficit. You could relabel just about anything as a tax, and heaven knows the American public hates taxes. This, at its core, was the beginning of the American Tea Party revolt against the power of the government to pay for its programs. They could recruit average citizens from a variety of ideological groups to their cause. They would work side by side with corporate-directed workers and employees, providing real boots on the ground when enough activists weren’t readily available. And no one would be the wiser – or even care – that these “grassroots” anti-tax groups would be jointly created and funded by the largest private oil company and the largest cigarette company in the world.
In the aftermath of a potentially demoralizing 2008 electoral defeat, when the Republican Party seemed widely discredited, the emergence of the Tea Party provided conservative activists with a new identity funded by Republican business elites and reinforced by a network of conservative media sources. By 2010 the Tea Party became a very influential movement in American politics. How does this affect American politics? The Tea Party movement has been absorbed by mainstream GOP. However, one candidate, Donald Trump, is superior to the others in exploiting the narcissism of small differences to recruit the Republican base. His economic policy resonates with the Tea Party adherents who have seen good jobs disappear overseas. His policy has these jobs returning to America. The Tea Party changed American political culture; increasing partisan polarization of American politics. An unfortunate consequence of the Tea Party movement that emerged in 2009 is the increased division and violence seen across America today.
By clinging to the superficial commonality of hostility to welfare, tea partiers fail to see (or willfully ignore) something critical: Rand espoused an elitist, oligarchic philosophy that is both anti-American and deeply at odds with the Tea Party’s own “we the people” causes. Tea Party activists in their fervor against the elites, more closely echo the motto of the Russian Bolsheviks, “the cook, if taught will efficiently govern society.” So deep is the Tea Party mistrust of the elite, over-educated Americans that the mediocre academic pedigree of political figures like President Trump and his cabinet seem to be a point of pride. Certainly, the Tea party does praise Ayn Rand-style capitalism, but it also passionately defends universal principles of liberty promulgated in the Declaration of Independence – the voice of the people does matter – restore a government of the people by the people, is a fundamental departure from Rand.
The Tea Party movement connects to Project 2025 primarily through the involvement of key individuals and organizations that emerged from or were influential in the Tea Party era. This connection is rooted in shared ideological principles, particularly fiscal conservatism, limited government, and a populist approach to policy making. The Tea Party movement advocated for reduced government spending, lower taxes, and the repeal of legislation like the Affordable Care Act. These small-government principles and a desire to “clean house” in the federal government resonate with the goals of Project 2025, which proposes a sweeping overhaul of the federal bureaucracy and the elimination of environmental and social regulations. The Heritage Foundation, the think tank leading Project 2025, launched an advocacy arm called Heritage Action in 2010 as the Tea Party was gaining traction. This arm was designed to enforce a populist, conservative agenda among Republican lawmakers, building a foundation for future, more comprehensive efforts like Project 2025.
Project 2025 provides a roadmap for conservative Presidents to downsize the federal government and fundamentally change how it works, including the tax system, immigration enforcement, social welfare programs and energy policy, particularly those designed to address climate change. Within its 900 pages was a plan to use tariffs to correct a perceived imbalance in trade, and to bring manufacturing jobs back to the U.S. Both Trump tariffs and Project 2025 have a foundation in economic nationalism. Project 2025, as implemented, is a ruthless plan to undermine the quality of life of millions of Americans, remove critical protections and dismantle programs for communities across the nation, and prioritize special interests and ideological extremism over people. The change that Project 2025 wants to create is to enable a future anti-democratic presidential administration to take swift, far-right action that would cut wages for working people, dismantle social safety net programs, reverse decades of progress for civil rights, and redefine the way society operates.
For Ayn Rand, truth is the recognition of reality, which is discovered through reason, man’s only means of knowledge. She believed truth is absolute and objective, and that a commitment to it is a supreme moral virtue. This is a core tenet of her philosophy, Objectivism, which emphasizes that individuals must think for themselves and be honest in both thought and action to live an authentic and meaningful life. Truth is the identification of facts as they are, and it is not relative to individual opinion or preference. A proposition is either true or false based on reality, regardless of what a person believes. Believed people can evade reality through self-deception, but they cannot escape the objective consequences of their actions. Ayn Rand believed that objective truth is the reality that exists independently of human consciousness, and it can be known through reason. Objectivism posits that truth is not created by thoughts or feelings but discovered by a mind that correctly adheres to the facts of reality.
Ayn Rand was a staunch opponent of tariffs, viewing them as a form of government intervention that distorts free markets and violates individual rights. She argued that tariffs are an attack on free trade, which she saw as the essence of capitalism and a promoter of international peace. Rand believed that tariffs are a “tax” that is ultimately paid by consumers and that the justifications for them, such as protectionism for favored industries or a trade imbalance, are arbitrary and harmful. A system built over 70 years was left in tatters in less than 70 minutes by President Trump as he launched his global tariff attack. The essence of capitalism’s foreign policy is free trade – i.e., the abolition of trade barriers, of protective tariffs, of special privileges – the opening of the world’s trade routes to free international exchange and competition among the private citizens of all countries dealing directly with one another. During the nineteenth century, it was free trade that liberated the world, undercutting and wrecking the remnants of feudalism and the statist tyranny of absolute monarchies.1
1 Ayn Rand, The Wreckage of the Consensus,”Capitalism: The Unknown Ideal, page 226