A couple of weeks ago, the Cato Institute’s Brink Lindsey sparked a flurry of discussion when he proposed a new breed of “liberaltarians” — a new ideological synthesis between liberals (limited government on social issues, activist government of economic issues) and libertarians (limited government on both). For Lindsey, if the left would get on board with some key libertarian agenda items from the economic sphere, Dems would pick up enough votes nationally that they’d begin to dominate the political landscape.
The catch, of course, are the agenda items Lindsey had in mind.
Allow me to hazard a few more specific suggestions about what a liberal-libertarian entente on economics might look like. Let’s start with the comparatively easy stuff: farm subsidies and other corporate welfare.
….Tax reform also offers the possibility of win-win bargains. The basic idea is simple: Shift taxes away from things we want more of and onto things we want less of. Specifically, cut taxes on savings and investment, cut payroll taxes on labor, and make up the shortfall with increased taxation of consumption.
….Entitlement reform is probably the most difficult problem facing would-be fusionists….One possible path toward constructive compromise lies in taking the concept of social insurance seriously….Social Security and Medicare as currently administered are not social insurance in any meaningful sense, because reaching retirement age and having health care expenses in old age are not risky, insurable events. On the contrary, in our affluent society, they are near certainties….We need to move from the current pay-as-you-go approach to a system in which private savings would provide primary funding for the costs of old age.
For most progressive observers (including me), this more or less came across as, “If Dems would only be willing to embrace nearly all of the libertarians’ economic agenda, and give up on central tenets of the party, libertarians would vote Democratic.” I suppose that’s true, but it hardly inspired confidence in Lindsey’s provocative idea.
Nevertheless, the idea has gotten much of the political world thinking: can the gap between the left and the libertarians be bridged?
In the new issue of The New Republic, Jonathan Chait argues that Dems not only shouldn’t bother, but that it’d probably be a disaster if the party even tried.
Lindsey’s political strategy … presupposes that any new libertarian voters the Democrats attracted could simply be added to their preexisting base. In reality, it would cost them support.
Boaz and Kirby inadvertently demonstrate this very point. They stress that President Bush’s share of the libertarian vote dropped precipitously between 2000 and 2004. But, during that time, Bush’s total share of the vote rose by almost 3 percent. So, however many voters were turned off by the prescription-drug bill or the Patriot Act, many more were turned on. This demonstrates the obvious (to nonlibertarians, anyway) point that wooing a small bloc with unpopular views is not a sound political strategy. Likewise, if Democrats were to denounce psychiatry and quote endlessly from the works of L. Ron Hubbard, they could jack up their share of the Scientologist vote, but it probably wouldn’t help their overall popularity. […]
In fact, the politically fertile terrain seems to lie in the anti-libertarian direction. The most impressive Democratic performances in 2006 came from candidates like Bob Casey, James Webb, and Heath Shuler, who combined economic populism with social traditionalism. The ideological counterpart to this strategy would be to flesh out a kind of liberal-populist fusionism, rooted in fighting the ways that massive inequality and income fluctuation have undermined traditional family life.
Am I saying that libertarians should just vote Republican? Not at all. As Lindsey notes, the libertarians’ alliance with the GOP has mostly failed. They now have two electoral alternatives. One is to vote for social views they find abhorrent combined with debt-financed big government. The other is to vote for social views they find congenial combined with tax-financed big government. From a libertarian perspective, Democrats would clearly seem to be the lesser evil. They should vote Democratic because they have no better choice.
Regular readers can probably surmise that I’m sympathetic to Chait’s approach to libertarian principles here, but like Ezra, I’m nevertheless intrigued by the notion of bringing more libertarians into the Democratic fold. And while I disagreed with much of Lindsey’s starting points of “negotiation,” I can’t help but like the notion that libertarians are open to the conversation in the first place.
So, what do you think? Do Dems run away from libertarian ideas screaming, or is there a chance for some compromise? Should libertarians be ignored or engaged? Do Dems need libertarians as part of an electoral strategy?
Discuss.