Paul Krugman: 'Replacement theory used to be a fringe doctrine, but these days, in at best a thinly disguised form, it is attracting significant mainstream support within the GOP. And this mainstream acceptance helps it spread.'
MAGA hats sit on empty seats during an election watch party, Tuesday, Nov. 3, 2020, in Chandler, Ariz. I never thought I’d say this, but I miss voodoo economics.
As far as I know, however, diatribes about the evils of high marginal tax rates haven’t inspired any acts of domestic terrorism. As The New York Times has documented, Tucker Carlson’s Fox News show has amplified the doctrine more than 400 times. And lest you dismiss Carlson as a mere media figure, remember David Frum’s dictum: “Republicans originally thought Fox worked for us. Then we discovered that we work for Fox.”
Nor does there seem to be a popular groundswell driving this political shift. Yes, large numbers of Americans are anti-immigrant, racially hostile, or both. But this has always been true. Public opinion seems, if anything, to be more favorable to immigration than in the past; indicators of racial tolerance, like approval of interracial marriage, are at historic highs.
The rise of supply-side economics coincided with the rise of movement conservatism — an interlocking network of elected officials, media organizations, think tanks and lobbying firms. Because the movement’s core ideology involved reducing taxes on the rich, it was lavishly supported by billionaires and corporate interests, and this in turn meant that it offered job security to anyone who remained sufficiently loyal.
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