Cap and Trade: Case Study in Evolution of Republican Extremism
Building on Mr. Kurtz's post about the outrageous Georgia Rep, it's worth noting that cap-and-trade is exhibit A, conclusive proof in the case of the Republican party's lurch into lunacy.
I'm just old enough to remember when policies like cap-and-trade were quintessentially conservative. As an econ undergrad in the 1980s, cap-and-trade was the leading light in a suite of then radical, new, market-based regulatory ideas propounded by right-of-center economists. These new market-based approaches, they argued, would achieve superior amelioration of environmental problems without the heavy-handed inefficiencies of the "command-and-control" limits embraced by liberals in the 1970s. During my undergrad years, and the the years after, there was a decent debate about the policy and economic merits of the competing approaches to regulation. I imagine someone with Lexis Nexis could even find historical documents (Galaxy Quest!) of elected Republicans advocating cap-and-trade approaches as a conservative alternative to old-fashioned, unfair "liberalism."
Fast forward to 2009, and I confess I still find myself amazed that the conservative policy won the argument. No less a liberal lion than Henry Waxman is the champion of this market-based approach to controlling carbon emissions. The new liberal president speaks sincerely of his understanding of and appreciation of the benefits of markets in economics and policy. Organizations like the Sierra Club, that 25 years ago would have treated cap-and-trade suspiciously, now whole-heartedly endorse it. Self-avowed, card carrying liberals like Matt Yglesias and Ezra Klein (my heroes) unself-consciously trumpet this formerly conservative approach to environmental policy. So, the Republicans won, right? Champagne corks are popping in John Boehner's office and the AEI executive suite, right?
Ironically, while their proposals were winning in the marketplace of ideas, the Republican party has abandoned the field of competition and retreated into an extremism that would probably shock even the 1964 edition of Barry Goldwater. Where you might have seen someone like Jack Kemp endorsing cap-and-trade as a sexy new idea 25 years ago, now the very same policy approach is crazy communism to today's Republicans. The policy hasn't changed, but the Republican party sure has. What was once a center-right party looking for innovative new ideas (like cap-and-trade), it is now a right-of-everyone-but-the-lunatics rump, mistrustful of any and all public policy and clinging only to the irrational scraps that feed their hysterical, anti-scientific state of denial. Kind of sad, really.