Pro-Market Populism Is GOP’s Out — LUIGI ZINGALES

But as America struggles to emerge from a financial crisis, any renewal of the right will require Republicans to rethink their approach to the economy. An agenda focused chiefly on tax cuts, as the Republicans’ has been since Ronald Reagan’s presidency, is no longer enough.

In 1980, Reagan won the election by attracting a substantial portion of Democrats with three simple ideas.

First was the fight against the Soviet Union.

Second, the battle against the excesses of the state: “Government is the problem, not the solution,” Reagan famously said.

Third, and most relevant to this discussion, was faith in economic growth.

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