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    La lección más importante de la victoria de Javier Milei

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    La elección como presidente de Argentina de Javier Milei —un personaje peculiar, fanfarrón de cabello indomable, con cinco mastines clonados y una costumbre de comunión psíquica con la difunta mascota que les dio origen— ha suscitado un gran debate sobre la verdadera naturaleza del populismo de derecha en nuestra era de descontento general.En Milei hay muchas manifestaciones de una política trumpiana: la energía extravagante y poco convencional, la crítica a las élites corruptas, los ataques a la izquierda, el apoyo de los conservadores sociales y religiosos. Al mismo tiempo, en política económica es mucho más un libertario doctrinario que un mercantilista o populista al estilo Trump, es una versión más extrema de Barry Goldwater y Paul Ryan que un defensor del gasto público y los aranceles. Mientras que el movimiento al que derrotó, la formación peronista que gobernó Argentina durante la mayor parte del siglo XXI, es de hecho más nacionalista y populista en lo económico, pues llegó al poder tras la crisis financiera de 2001 que puso fin al experimento más notable de Argentina con la economía neoliberal.La divergencia entre Trump y Milei puede interpretarse de varias maneras. Una lectura es que el estilo del populismo de derecha es la esencia del asunto, que su sustancia política es negociable siempre que presente figuras que prometan el renacimiento nacional y encarnen algún tipo de rebelión bufonesca, por lo general masculina, contra las normas del progresismo cultural.Otra lectura es que, sí, la política es bastante negociable, pero en realidad hay profundas afinidades ideológicas entre el nacionalismo económico de derecha y lo que podría llamarse paleolibertarismo, a pesar de que no coinciden en cuestiones específicas. En términos estadounidenses, esto significa que el trumpismo lo anticiparon de diferentes maneras Ross Perot y Ron Paul; en términos globales, significa que cabe esperar que los partidos de la derecha populista se muevan constantemente entre tendencias de regulación y libertarias, dependiendo del contexto económico y de los vaivenes políticos.He aquí una tercera interpretación: mientras que el descontento popular debilitó el consenso neoliberal de las décadas de 1990 y 2000 en todo el mundo desarrollado, la era del populismo está creando alineamientos muy distintos en la periferia latinoamericana que en el núcleo euro-estadounidense.En Europa Occidental y Estados Unidos, ahora se ve de manera sistemática a un partido de centroizquierda de las clases profesionales enfrentarse a una coalición populista y de la clase trabajadora de derecha. Los partidos de centroizquierda se han vuelto más progresistas en política económica en comparación con la era de Bill Clinton y Tony Blair, pero se han movido mucho más a la izquierda en cuestiones culturales, sin perder su liderazgo influyente y meritocrático, su sabor neoliberal. Y, en su mayoría, han sido capaces de contener, derrotar o cooptar a aspirantes de izquierda más radicales: Joe Biden al superar a Bernie Sanders en las elecciones primarias demócratas de 2020, Keir Starmer al marginar al corbynismo en el Partido Laborista británico y Emmanuel Macron al forzar a los izquierdistas franceses a votar a su favor en la segunda vuelta contra Marine Le Pen con la estrategia del menor de los males.Por su parte, la derecha populista ha conseguido muchas veces moderar sus impulsos libertarios para apartar a los votantes de clase baja de la coalición progresista, dando lugar a una política de centroderecha que suele favorecer ciertos tipos de proteccionismo y redistribución. Eso podría significar una defensa trumpiana de los programas de prestaciones sociales, los tibios intentos de los conservadores de Boris Johnson de invertir en el desatendido norte de Inglaterra o el gasto en prestaciones familiares de Viktor Orbán en Hungría, así como la recién desbancada coalición populista en Polonia.Te puedes imaginar que el abismo entre estas dos coaliciones mantendrá a Occidente en un estado de crisis latente, en especial teniendo en cuenta la personalidad de Trump, tan propensa a las crisis. Pero también es posible imaginar un futuro en el que este orden se estabilice y normalice un poco y la gente deje de hablar de un terremoto cada vez que un populista asciende al poder o de que la democracia se salva cada vez que un partido del establishment gana unas elecciones.La situación es muy distinta en América Latina. Allí el consenso neoliberal siempre fue más endeble, el centro más frágil, y por ende la era de la rebelión populista ha creado una polarización más clara entre quien esté más a la izquierda y más a la derecha (con la izquierda culturalmente progresista, pero por lo general más expresamente socialista que Biden, Starmer o Macron y la derecha culturalmente tradicional, pero por lo general más libertaria que Trump, Orbán o Le Pen).La nueva alineación en Argentina, con su libertario revolucionario que supera a una izquierda populista-nacionalista, es un ejemplo de este patrón; la contienda entre Luiz Inácio Lula da Silva y Jair Bolsonaro en Brasil el año pasado fue otro. Pero los recientes vaivenes de la política chilena son de especial interés. A principios de la década de 2010, Chile parecía tener un entorno político más o menos estable, con un partido de centroizquierda que gobernaba a través de una Constitución favorable al mercado y una oposición de centroderecha que luchaba por distanciarse de la dictadura de Pinochet. Entonces, las protestas populares echaron por tierra este orden y crearon un giro abrupto hacia la izquierda, además de un intento de imponer una nueva Constitución de izquierda que, a su vez, provocó una reacción adversa, que dejó al país dividido entre un impopular gobierno de izquierda encabezado por un antiguo activista estudiantil y una oposición de derecha en ascenso temporal liderada por un apologista de Pinochet.En cada caso, en relación con las divisiones de Francia y Estados Unidos, se observa un centro más débil y una polarización más profunda entre extremos populistas rivales. Y ahora, si la cuestión para América Latina es qué tan estable será la propia democracia en condiciones tan polarizadas, la cuestión para Europa y Estados Unidos es si la situación argentina o chilena es un presagio de su propio futuro. Tal vez no de inmediato, pero sí después de una nueva ronda de rebeliones populistas, que podría aguardar más allá de alguna crisis o catástrofe o simplemente al otro lado del cambio demográfico.En tal futuro, figuras como Biden, Starmer y Macron ya no podrían gestionar coaliciones de gobierno y la iniciativa en la izquierda pasaría a partidos más radicales como Podemos en España o los Verdes en Alemania, a los progresistas al estilo de Alexandria Ocasio-Cortez en el Congreso de Estados Unidos, a cualquier tipo de política que surja del encuentro entre la izquierda europea y las crecientes poblaciones árabes y musulmanas del continente. Esto daría a la derecha populista la oportunidad de prometer estabilidad y reclamar el centro, pero también crearía incentivos para que la derecha se radicalice aún más, lo que produciría mayores oscilaciones ideológicas cada vez que perdiera una coalición en el poder.Esta es, en cierto modo, la lección más clara de la victoria aplastante de Milei: si no se puede alcanzar la estabilidad tras una ronda de convulsiones populistas, no hay límites inherentes a lo desenfrenado que puede llegar a ser el siguiente ciclo de rebelión.Ross Douthat es columnista de opinión del Times desde 2009. Es autor, más recientemente, de The Deep Places: A Memoir of Illness and Discovery. @DouthatNYT • Facebook More

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      Has Latin America Found Its Trump in Javier Milei?

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      The election of Javier Milei, a wild-haired showboating weirdo with five cloned mastiffs and a habit of psychic communion with their departed pet of origin, as president of Argentina has inspired a lot of discussion about the true nature of right-wing populism in our age of general discontent.Milei has many of the signifiers of a Trumpian politics: the gonzo energy, the criticism of corrupt elites and the rants against the left, the support from social and religious conservatives. At the same time, on economic policy he is much more of a doctrinaire libertarian than a Trump-style mercantilist or populist, a more extreme version of Barry Goldwater and Paul Ryan rather than a defender of entitlement spending and tariffs. Whereas the party that he defeated, the Peronist formation that has governed Argentina for most of the 21st century, is actually more economically nationalist and populist, having ascended in the aftermath of the 2001 financial crisis that ended Argentina’s most notable experiment with neoliberal economics.You can interpret the Trump-Milei divergence in several ways. One reading is that the style of right-wing populism is the essence of the thing, that its policy substance is negotiable so long as it puts forward figures who promise national rebirth and embody some kind of clownish, usually masculine rebellion against the norms of cultural progressivism.Another reading is that, yes, the policy is somewhat negotiable but there are actually deep ideological affinities between right-wing economic nationalism and what might be called paleolibertarianism, despite their disagreement on specific issues. In American terms, this means that Trumpism was anticipated in different ways by Ross Perot and Ron Paul; in global terms, it means that we should expect the parties of the populist right to move back and forth between dirigiste and libertarian tendencies, depending on the economic context and political winds.Here is a third interpretation: While popular discontents have undermined the neoliberal consensus of the 1990s and 2000s all across the developed world, the age of populism is creating very different alignments in the Latin American periphery than in the Euro-American core.In Western Europe and the United States, you now consistently see a center-left party of the professional classes facing off against a populist and working-class coalition on the right. The center-left parties have become more progressive on economic policy relative to the era of Bill Clinton and Tony Blair, but they have moved much more sharply left on cultural issues while retaining their mandarin and meritocratic leadership, their neoliberal flavor. And they have mostly been able to contain, defeat or co-opt more radical left-wing challengers — Joe Biden by overcoming Bernie Sanders in the 2020 Democratic primaries, Keir Starmer by marginalizing Corbynism in Britain’s Labour Party, Emmanuel Macron by forcing French leftists to cast a lesser-of-two-evils ballot in his favor in his runoffs against Marine Le Pen.The populist right, meanwhile, has often found success by moderating its libertarian impulses in order to woo downscale voters away from the progressive coalition, yielding a right-of-center politics that usually favors certain kinds of protectionism and redistribution. That could mean a Trumpian defense of entitlement programs, the halfhearted attempts by Boris Johnson’s Tories to invest in the neglected north of England or the spending on family benefits that you see from Viktor Orban in Hungary and the recently unseated populist coalition in Poland.You can imagine the gulf between these two coalitions keeping the West in a state of simmering near crisis — especially with Trump’s crisis-courting personality in the mix. But you can also imagine a future in which this order stabilizes and normalizes somewhat and people stop talking about an earthquake every time a populist wins power or democracy being saved every time an establishment party wins an election.The situation is quite different in Latin America. There the neoliberal consensus was always weaker, the center more fragile, and so the age of populist rebellion has created a clearer polarization between further left and further right — with the left culturally progressive but usually more avowedly socialist than Biden, Starmer or Macron and the right culturally traditional but usually more libertarian than Trump, Orban or Le Pen.The new alignment in Argentina, with its libertarian revolutionary overcoming a populist-nationalist left, is one example of this pattern; the contest between Luiz Inácio Lula da Silva and Jair Bolsonaro in Brazil last year was another. But the recent swings in Chilean politics are especially instructive. In the early 2010s Chile seemed to have a relatively stable political environment, with a center-left party governing through a market-friendly Constitution and a center-right opposition at pains to distance itself from the Pinochet dictatorship. Then popular rebellions cast this order down, creating a wild yaw leftward and an attempt to impose a new left-wing Constitution that yielded backlash in its turn — leaving the country divided between an unpopular left-wing government headed by a former student activist and a temporarily ascendant right-wing opposition led by a Pinochet apologist.In each case, relative to the divides of France and the United States, you see a weaker center and a deeper polarization between competing populist extremes. And if the question for Latin America now is how stable democracy itself will be under such polarized conditions, the question for Europe and America is whether the Argentine or Chilean situation is a harbinger of their own futures. Perhaps not immediately but after a further round of populist rebellions, which could await beyond some crisis or disaster or simply on the far side of demographic change.In such a future, figures like Biden and Starmer and Macron would no longer be able to manage governing coalitions, and the initiative on the left would pass to more radical parties like Podemos in Spain or the Greens in Germany, to Alexandria Ocasio-Cortezan progressives in the U.S. Congress, to whatever kind of politics emerges from the encounter between the European left and the continent’s growing Arab and Muslim populations. This would give the populist right an opportunity to promise stability and claim the center — but it would also create incentives for the right to radicalize further, yielding bigger ideological swings every time an incumbent coalition lost.Which is, in a way, the clearest lesson of Milei’s thumping victory: If you can’t reach stability after one round of populist convulsion, there’s no inherent limit on how wild the next cycle of rebellion might get.The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.Follow The New York Times Opinion section on Facebook, Twitter (@NYTOpinion) and Instagram. More

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      The ‘Never-Again Trumper’ Sham

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      Shortly after last year’s midterms, when Republicans failed to take the Senate and eked out only a thin majority in the House, Paul Ryan gave an interview to ABC’s Jonathan Karl in which he described himself as a “Never-Again Trumper.” It’s worth recalling what Ryan and other Republicans said about Donald Trump the first time he ran to see what a sham this feeble self-designation is likely to become.In 2015, Ryan, the House speaker then, denounced Trump’s proposed Muslim ban as “not conservatism,” “not what this party stands for” and “not what this country stands for.” Then-Gov. Mike Pence of Indiana privately complained that Trump was “unacceptable,” according to the G.O.P. strategist Dan Senor, before he accepted the vice-presidential nomination. Ted Cruz called Trump a “sniveling coward” for insulting his wife, Heidi, before declaring that “Donald Trump will not be the nominee.”They all folded — and they all will fold again. Their point of principle wasn’t that Trump had crossed so many moral and ethical lines that they would rather live with a Democrat they could honorably oppose than a Republican they would be forced to dishonorably defend. Their point was simply that Trump couldn’t win. When he did, they become powerless to oppose him.Seven years later, they’ve learned nothing.In his interview with ABC, Ryan said he was “proud of the accomplishments” of the Trump years, citing tax reform, deregulation, criminal-justice reform, and conservative Supreme Court justices and federal judges. So why oppose Trump in 2024? “Because I want to win,” Ryan said, “and we lose with Trump. It was really clear to us in ’18, in ’20 and now in 2022.”The best that can be said about this argument is that it’s a half-clever way for Ryan and the type of “normal Republicans” he represents to salute and absolve themselves at the same time — to claim, in effect, that the conservative policy wins of the Trump years were all their doing, while the Republican electoral defeats were all his.But the analysis is shaky in its premises and dangerous in its implications, at least to Republicans like Ryan. Shaky, because does anyone remember the conservative policy achievements of the Romney-Ryan administration?Trump, the man everyone assumed couldn’t win in 2016, did. He brought millions of voters into the G.O.P. fold, including former Barack Obama and Bernie Sanders supporters. Did his manners and methods repel an even larger share of voters, particularly centrists who in previous years might have voted for Republicans? Probably. But the inescapable fact is that without MAGA voters there would have been no victory in 2016 and none of the conservative victories of which the former speaker is proud. For Ryan to say “we lose with Trump” may or may not be right, but it fails to wrestle with the fact that Republicans can’t win without him.As for the danger of Ryan’s argument, it’s that it fails to come to grips with what really ails the Republican Party.The trouble for Republicans does not lie in the difficulty of holding together a fractious coalition of MAGA and non-MAGA conservatives. That would be politics as usual in any major party. It lies in the depressing combination of MAGA bullies and non-MAGA cowards, with people like Ryan being a prime example of the latter. If there’s anything more contemptible than being a villain, it’s being an accomplice — less guilty than the former, but also less compelling, confident and strong.That’s what became of Ryan’s side of the G.O.P. in the Trump years. Every policy victory they helped achieve was a political victory for Trump and his side of the party. But every Trumpian disgrace was a disgrace for the Ryan side but not for Trump. The 2020 election lies and Jan. 6 and Trump’s blatant obstruction of justice in the documents case may trouble the conscience of Ryan. The MAGA crowd? They’re cool with it.This is why Trump is now cruising toward renomination, much to the chagrin of those conservatives who assumed he would have faded away by now. With the honorable exception of Asa Hutchinson and the intriguing one of Chris Christie, none of Trump’s most notable so-called opponents have actually bothered to oppose him. Vivek Ramaswamy wants to be a younger version of Trump; Ron DeSantis an angrier version. But just as people will prefer a villain to an accomplice, they’ll take the original over the imitation.Even at this point, it may be too late to change the fundamental dynamic of the Republican race, particularly since every fresh criminal indictment strengthens Trump’s political grip and advances his argument that he’s the victim of a deep-state conspiracy.But if the Paul Ryans of the conservative world want to make a compelling case against Trump, it can’t be that he’s unelectable. It’s that he’s irredeemable. It’s that he brought shame to the party of Lincoln; that he violated his oath to the Constitution; that he traduced every value Republicans once claimed to stand for; and that they will not support him if he is the Republican nominee.That may not keep Trump from the nomination or even the presidency. But on any road to redemption, the starting point has to be the truth, most of all when it’s hard.The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram. More

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      Can Kevin McCarthy and Joe Biden Fix Washington?

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      Among the various reassessments of Kevin McCarthy following his successful debt ceiling negotiations, the one with the widest implications belongs to Matthew Continetti, who writes in The Washington Free Beacon that “McCarthy’s superpower is his desire to be speaker. He likes and wants his job.”If you hadn’t followed American politics across the last few decades, this would seem like a peculiar statement: What kind of House speaker wouldn’t want the job?But part of what’s gone wrong with American institutions lately is the failure of important figures to regard their positions as ends unto themselves. Congress, especially, has been overtaken by what Yuval Levin of the American Enterprise Institute describes as a “platform” mentality, where ambitious House members and senators treat their offices as places to stand and be seen — as talking heads, movement leaders, future presidents — rather than as roles to inhabit and opportunities to serve.On the Republican side, this tendency has taken several forms, from Newt Gingrich’s yearning to be a Great Man of History, to Ted Cruz’s ambitious grandstanding in the Obama years, to the emergence of Trump-era performance artists like Marjorie Taylor Greene. And the party’s congressional institutionalists, from dealmakers like John Boehner to policy mavens like Paul Ryan, have often been miserable-seeming prisoners of the talking heads, celebrity brands and would-be presidents.This dynamic seemed likely to imprison McCarthy as well, but he’s found a different way of dealing with it: He’s invited some of the bomb throwers into the legislative process, trying to turn them from platform-seekers into legislators by giving them a stake in governance, and so far he’s been rewarded with crucial support from figures like Greene and Thomas Massie, the quirky Kentucky libertarian. And it’s clear that part of what makes this possible is McCarthy’s enthusiasm for the actual vote-counting, handholding work required of his position, and his lack of both Gingrichian egomania and get-me-out-of-here impatience.But McCarthy isn’t operating in a vacuum. The Biden era has been good for institutionalism generally, because the president himself seems to understand and appreciate the nature of his office more than Barack Obama ever did. As my colleague Carlos Lozada noted on our podcast this week, in both the Senate and the White House, Obama was filled with palpable impatience at all the limitations on his actions. This showed up constantly in his negotiation strategy, where he had a tendency to use his own office as a pundit’s platform, lecturing the G.O.P. on what they should support and thereby alienating Republicans from compromise in advance.Whereas Biden, who actually liked being a senator, is clearly comfortable with quiet negotiation on any reasonable grounds, which is crucial to keeping the other side invested in a deal. And he’s comfortable, as well, with letting the spin machine run on both sides of the aisle, rather than constantly imposing his own rhetorical narrative on whatever bargain Republicans might strike.The other crucial element in the healthier environment is the absence of what Cruz brought to the debt-ceiling negotiations under Obama — the kind of sweeping maximalism, designed to build a presidential brand, that turns normal horse-trading into an existential fight.Expectating that kind of maximalism from Republicans, some liberals kept urging intransigence on Biden long after it became clear that what McCarthy wanted was more in line with previous debt-ceiling bargains. But McCarthy’s reasonability was sustainable because of the absence of a leading Republican senator playing Cruz’s absolutist part. Instead, the most notable populist Republican elected in 2022, J.D. Vance, has been busy looking for deals with populist Democrats on issues like railroad safety and bank-executive compensation, or adding a constructive amendment to the debt-ceiling bill even though he voted against it — as though he, no less than McCarthy, actually likes and wants his current job.One reason for the diminishment of Cruz-like grandstanders is the continued presence of Donald Trump as the G.O.P.’s personality-in-chief, to whose eminence no senator can reasonably aspire. At least through 2024, it’s clear the only way that Trump might be unseated is through the counterprogramming offered by Ron DeSantis, who is selling himself — we’ll see with what success — as the candidate of governance and competence; no bigger celebrity or demagogue is walking through that door.So for now there’s more benefit to legislative normalcy for ambitious Republicans, and less temptation toward the platform mentality, than there would be if Trump’s part were open for the taking.Whatever happens, it will be years until that role comes open. In which case Kevin McCarthy could be happy in his job for much longer than might have been expected by anyone watching his tortuous ascent.The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.Follow The New York Times Opinion section on Facebook, Twitter (@NYTOpinion) and Instagram. More

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      Will Trump and Biden Gang Up on DeSantis?

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      If President Biden sometimes sounded a lot like Donald Trump during his State of the Union address, boasting about a record of economic nationalism, the imitation may soon run the other way. Biden’s attacks on congressional Republicans for being allegedly eager to cut Medicare and Social Security were a clear preview of how he hopes to run against the G.O.P. in 2024. But they were also a possible preview of how Trump may try to reclaim his own party’s nomination — by reprising his 2016 campaign’s rejection of Tea Party austerity and attacking potential rivals (which means, primarily, Ron DeSantis) as libertarian dogmatists who don’t care about the middle class.That strategy was previewed a bit recently by Joseph Zeballos-Roig and Shelby Talcott in Semafor. Their subject was the so-called Fair Tax, a longstanding fascination for certain right-wing activists that proposes to replace the U.S. tax code with a sales tax. This would yield certain advantages in economic efficiency; it would also result in a dramatic tax increase on the middle class.In the heyday of the Tea Party, when implausible policy proposals were all the rage, the Fair Tax was endorsed by many of today’s 2024 hopefuls: by Nikki Haley, Mike Pence and Mike Pompeo and, yes, by DeSantis himself. Which gives Trump a license to accuse all these potential rivals of supporting a middle-class tax hike — and the Semafor writers quote a Trumpworld source basically promising an attack along those lines, to force Trump’s rivals to “answer for what they supported and what they’ve advocated in the past.”That same quote could easily apply to the proposed entitlement changes that many Republicans (again, including DeSantis) embraced in the same era, under the influence of Paul Ryan’s budget blueprints. Those proposals were serious rather than crankish, if ill-timed for a moment when there was more fiscal space than deficit hawks believed. But they were also seriously unpopular, and Trump’s discarding of them was crucial to his success in 2016. And having discarded them then, he’s well positioned to go after DeSantis and others now — in imitation of not only his prior campaign but also, as National Review’s Philip Klein points out, the strategy pursued by Mitt Romney in the 2012 primaries, when he sank Rick Perry’s candidacy in part by blasting Perry for calling Social Security a “Ponzi scheme.”This means that the non-Trump G.O.P. can expect to spend the looming presidential race facing similar attacks from the Biden White House and the Trump campaign. Making the similarity too obvious could backfire on Trump. But the peril for the G.O.P. is that even if Trump can’t beat DeSantis by harping on his past positions, he will still be reinforcing for swing voters the liberal narrative that (non-Trump) Republicans care only about the rich.In one sense that narrative shouldn’t be too hard for DeSantis to counteract, since his record as governor of Florida is more moderate than libertarian — with increases in teacher pay, support for environmental protection and so on — and it’s not clear that voters care that much about long-ago votes if they aren’t tied to specific policy proposals now.But the question is what exactly DeSantis’s more of-the-moment policy proposals would be, in a fiscal landscape constrained by inflation for the first time in decades. There’s certainly a scenario in which he abjures austerity and embraces pro-family and industrial-policy spending, maybe even finds a few modest tax increases that own the professional-class liberals, and thereby evades the Trump-Biden pincer.But it won’t be easy to pull off. Especially because part of Trump’s strength has always been that he doesn’t need the Republican Party’s donor class in the way that normal politicians do, while DeSantis will need to rally that class if he’s going to dethrone the former president. And the price of their support will be, most likely, something that isn’t particularly popular: not an idea from the fringes like Fair Tax or a big entitlement overhaul proposal, necessarily, but at the very least a budget-eating tax cut that probably won’t be populist in any way.Again, 2012 is an interesting precedent. Part of what killed Romney in that general election was that even though he championed Social Security against Perry and declined to embrace any crankish tax proposals, he still ended up saddled with a tax overhaul plan that donors and activists liked but that was easy for the Democrats to attack.It’s not hard to imagine a DeSantis candidacy that rallies the establishment and defeats Trump only to end up in a similar general‌-‌election position. Which suggests one way in which Trump’s populist attacks on other Republicans could actually be helpful to the party’s chances. They’ll leave no doubt, for DeSantis or any other figure, about the political weaknesses of traditional right-wing policymaking. And they might force an early adaptation that otherwise could come, like Romney’s attempted pivots in 2012, as too little and too late.The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.Follow The New York Times Opinion section on Facebook, Twitter (@NYTOpinion) and Instagram. More

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      Kevin McCarthy’s Business Ties Complicate His Rise to Power

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      To land the House speaker position, the California Republican will have to win over opponents who question his ties to Silicon Valley and his commitment to right wing causes.The House, divided.Michael Reynolds/EPA, via ShutterstockKevin McCarthy, Inc.Representative Kevin McCarthy, Republican of California, is still working on landing the House speaker gig after six failed attempts. It’s the first such House floor showdown in a century, and business is at the heart of his woes.Mr. McCarthy’s critics say he’s too friendly with Big Tech. The ultraconservatives who have stymied his rise to power list a number of big objections with Mr. McCarthy. They say that he isn’t sufficiently committed to right-wing causes and that he hasn’t pushed back enough against perceived anti-conservative bias on social media. Yet the would-be speaker published a policy proposal over the summer to “Stop the Bias and Check Big Tech” if Republicans took control of the House.Mr. McCarthy’s messaging has not convinced hard-line party members. His hot-and-cold ties to Silicon Valley haven’t helped his standing either. Jeff Miller, a political adviser to Mr. McCarthy, also represents Apple and Amazon, and two former staff members are now Big Tech lobbyists. Meanwhile, Mr. McCarthy has benefited from tens of thousands of dollars in donations from tech companies and executives.The Republican leader has also alienated onetime corporate allies. Lobbyists once bet big on Mr. McCarthy, but relations have soured somewhat after he embraced former President Donald Trump’s antagonistic approach to corporations with perceived ties to the left.The Chamber of Commerce endorsed 23 Democrats for the House in 2020 and 15 won. That put the speakership out of reach for Mr. McCarthy at that time and he’s reportedly been sore since. The Republican pushed for Suzanne Clark, the Chamber’s C.E.O., to be removed but the organization was unmoved, and issued a statement in support of her.Even before Mr. McCarthy’s failure this week, lobbyists were giving up on him and Washington insiders — including Paul Ryan, the former Republican House speaker now at the executive advisory firm Teneo — were telling executives to stay out of the political fray.Meanwhile, the business of the government is stuck. Until Republicans resolve their internal conflicts, the House is at a standstill. Members have not been sworn in, administrative tasks and constituent services have been delayed and legislative work is on the back burner. Mr. McCarthy and his allies held talks with the holdouts last night to find a resolution. Democrats could step in to help (members of both parties have apparently discussed it), but that doesn’t appear to be on the table right now.Mr. McCarthy has vowed to continue for as long as it takes. In 1923, it took nine ballots to elect a speaker. The House is scheduled to meet again at noon.HERE’S WHAT’S HAPPENING The Justice Department moves to seize Robinhood stock tied to Sam Bankman-Fried. Federal prosecutors argued on Wednesday that the $465 million worth of shares in the online brokerage weren’t part of the FTX bankruptcy estate. Bankman-Fried bought the shares through an investment vehicle with money borrowed from Alameda Research, FTX’s trading affiliate.Walgreens will sell abortion pills. The pharmacy giant said it would dispense mifepristone, becoming the first national chain to do so after the F.D.A. announced new rules for dispensing the drug. CVS and Rite Aid said they were still reviewing the agency’s new policy.China defends its handling of the Covid outbreak. Facing criticism from the World Health Organization and President Biden over the accuracy of its coronavirus tally, Beijing fired back on Thursday, saying the situation was “controllable.” It also plans to reopen its border with Hong Kong on Sunday after a three-year closure.The man behind the college admissions scandal is sentenced. Rick Singer, whom prosecutors accused of orchestrating a $25 million cheating scheme that involved actors, business executives, doctors and more, must serve three and a half years in prison. Singer, who had become an informant, received the longest sentence of anyone tied to the scandal.CES kicks off today. Enormous crowds are expected to return to the tech trade show in Las Vegas this year, after the pandemic clamped down on in-person attendance. Expect plenty of announcements about new televisions, smart-home gadgets, electric cars and more.The bleeding continues at Big Tech Amazon said on Wednesday that it would drastically expand its planned layoffs to a staggering 18,000 jobs as it seeks to rein in costs. Coupled with Salesforce’s plans to lay off about 8,000 employees, it’s the latest sign that tech giants are still grappling with the consequences of overhiring during the pandemic boom.Amazon’s cuts amount to around 6 percent of its corporate work force and will be focused on human resources and what the e-commerce giant calls its Stores division: its main online site, its field operations and warehouses, its physical stores and other consumer teams. (Hourly warehouse workers aren’t part of the tally.) That’s up from the roughly 10,000 the company had been weighing earlier.Salesforce is also laying off 10 percent of its employees and cutting back on office space. The move comes after a series of shake-ups at the business software giant, including the announced departures of Bret Taylor, its co-C.E.O. (reportedly after strains in his relationship with Marc Benioff, the company’s co-founder) and Stewart Butterfield, the C.E.O. of Slack, the messaging app Salesforce bought for nearly $28 billion.It’s a notable retrenchment for Salesforce, whose reputation over the past decade has become one of ever-growing ambition: The company is the largest private employer in San Francisco, and its flagship office tower is the city’s tallest.Both rounds of layoffs arose out of overexpansion. Amazon more than doubled its work force during the pandemic, to 1.5 million, as it became an indispensable seller to locked-down households. Salesforce nearly doubled its head count over the past three years, to 80,000 in October.Those hiring sprees have since run into a slowing global economy, with Amazon having warned in the fall that it could see its worst growth rate since 2001. “We hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that,” Benioff wrote in a letter to employees.Amazon and Salesforce aren’t alone: Meta recently laid off 13 percent of its work force, while Snap and Twitter have also resorted to huge job cuts. Overall, the tech industry laid off over 153,000 workers last year, according to Layoffs.fyi. Things may not get better this year, with analysts cautioning that tech companies’ customers may further clamp down on spending, potentially leading to yet more cost cuts.“The parallels with Russia and Ukraine are hard to ignore. We must not make the same mistakes with Xi Jinping that we did with Vladimir Putin.” — Anders Fogh Rasmussen, a former secretary general of NATO, urged a robust and unified response to deter China from attacking Taiwan. His comments, made during a visit to Taipei, highlighted worries in Europe over China’s growing assertiveness in Asia.The Fed’s big challenge: exuberant marketsInvestors got the post-Christmas “Santa Claus rally” they were hoping for, a buying spree that was fueled in part by slumping energy prices. But the big cloud hanging over markets remains: the prospect that central banks will be emboldened to tame inflation with more interest rate increases.Fed officials gave investors an unambiguous warning on Wednesday: Don’t start pricing in a dovish pivot anytime soon. Many on Wall Street are banking on the U.S. central bank to end its policy of jumbo rate increases in the first half of 2023, and to begin cutting by year-end.But the Fed sees any pivot prediction as misguided, warning that such thinking could complicate its efforts to bring prices under control. Minutes from a December Fed meeting released on Wednesday, did not mince its words. “No participants anticipated that it would be appropriate” to cut rates.As the Times’s Jeanna Smialek reported, policymakers are concerned that markets might misinterpret any decision to slow the pace of rate moves in the near term as a sign that the Fed believed it was making enough progress in bringing inflation closer to its 2 percent target. (The I.M.F. has also weighed in, saying that it doesn’t believe the U.S. has “turned the corner on inflation yet” and that the Fed should “stay the course.”)The markets still don’t seem to be getting the message. “Right now data signals are mixed — like an ink blot, investors can see what they want,” Elsa Lignos, RBC Capital Market’s global head of FX Strategy, said in a note to clients this morning. She pointed out that manufacturing prices were in decline, but that job vacancies remained elevated, suggesting wages could continue creeping higher.A late-afternoon surge on Wednesday helped the S&P 500 and Nasdaq close higher. Between the Dec. 27 open and Wednesday’s close, the S&P 500 rose 0.8 percent, capping off the seventh consecutive annual Santa rally, measured by the stock market’s performance over the seven trading days that follow Christmas. The most bullish on Wall Street see such rallies as a sign that investors will keep buying well into the new year.Investors and Fed officials will be closely watching Friday’s jobs report. The Fed is concerned that the labor market is still too tight, belying the recent headline-grabbing layoffs at tech giants. A jobs report showing big gains in wages and hiring could force the Fed to remain locked in to its “higher for longer” rates policy, adding to additional market volatility.THE SPEED READ DealsShares in GE HealthCare Technologies rose 8 percent in their debut on Wednesday, after being spun off from General Electric. (Bloomberg)Western Digital has reportedly resumed talks to buy Kioxia, a Japanese memory chip maker. (Bloomberg)A unit of Tokyo Gas is said to be in advanced talks to buy the U.S. natural gas producer Rockcliff Energy for about $4.6 billion. (Reuters)Fanatics reportedly plans to divest its 60 percent stake in Candy Digital, a sports N.F.T. company. (CNBC)PolicyEuropean regulators fined Meta 390 million euros after finding it had illegally forced users to effectively accept personalized ads. (NYT)The S.E.C. has objected to Binance.US’s $1 billion bid to purchase the bankrupt crypto lender Voyager Digital. (Reuters)Silvergate, a bank, was forced to sell assets at a steep loss to cover $8.1 billion in customer withdrawals after the collapse in November of FTX. (WSJ)Best of the restA self-described Tesla fan filed a Tesla trademark for a boat and jet without the company’s knowledge. (Bloomberg)Amazon, SiriusXM and Spotify are cutting back on their spending on new podcasts. (Bloomberg)The stars of the 1968 film “Romeo and Juliet” sued the movie’s distributor, Paramount, for $500 million over being made to film a nude scene while they were teens. (NYT)A Princeton student said he had created a program to detect whether an essay was written by the A.I. chatbot ChatGPT. Meanwhile, New York City’s education department banned the use of ChatGPT on some city devices and internet networks. (Insider, Chalkbeat New York)We’d like your feedback! Please email thoughts and suggestions to dealbook@nytimes.com. More

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      Meet Kyrsten Sinema, Former Democrat of Arizona

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      Bret Stephens: Hi, Gail. I hope I’ve succeeded in turning you into a World Cup fan. In the meantime, any choice words about, or for, Kyrsten Sinema, former Democrat of Arizona?Gail Collins: Well, Bret, you’ve at least turned me into a fan of the Times coverage of World Cup … activities. I also sorta like times like this when there are a billion different games on TV — not just soccer — and for a while every day, people don’t feel obliged to think about the rest of the world.Bret: Such as …Gail: Such as Kyrsten Sinema. Not a fan of hers from the get-go. Always seemed as if her compulsive effort to prove she wasn’t really a loyal Democrat was less about political independence and more about making wealthy donors happy.Bret: And this is on the theory that other politicians don’t care for what their wealthy donors think?Gail: But her official spin is that the two-party system is broken, and virtue lies in standing outside as an independent. I hate that kind of thinking.Bret: Whereas I love it. To me, the choice these days between Republicans and Democrats is about as appealing as a dinner invitation from Hannibal Lecter: Either you get your heart cut out or your brain removed, and both get served with a side of fava beans and a nice Chianti.Seriously, you don’t see any virtue to wanting to break this awful political duopoly?Gail: Virtue, for me, lies in fighting to make the two parties better. Pick the one that’s closest to your beliefs and get busy. Fight for the good local leaders and nominees.It’s way easier to just announce you’re superior to both of them and start your own group. The new gang probably won’t last long, and even if it does, its big achievement will most likely be to draw votes away from the major party candidates you most agree with.Never recovered from Ralph Nader’s Green Party candidacy for president in 2000 — a noble quest on the issues front that wound up costing Al Gore the job.Bret: A few years ago I would have agreed with you. But the Republican Party is pretty much irredeemable, while the Democrats are … just not the team I’m ever going to bat for.Gail: Come on in. Chuck Schumer and Hakeem Jeffries are waiting with open arms …Bret: Not so sure the Dems would ever want me in the first place: I heart Texas not taxes.As for Sinema, having her join someone like Maine’s Angus King as an independent shows it’s at least possible to have an alternative. I realize she has some very self-interested political reasons for doing so, since the move will spare her a primary challenge from the left if she runs for re-election in 2024. But it also reminds the party establishments that they shouldn’t take their centrist voters for granted. Now I wish a few sane-minded Republicans might go ahead and join her. Lisa Murkowski, hello?Gail: Hey, weird that of the two of us, I’m the one who thinks somebody should try to save the Republican Party.Bret: Raising the dead is beyond our powers, Gail.Gail: You know I don’t do foreign affairs, but I do feel obliged to ask you about Brittney Griner. Do you think Joe Biden did the right thing in making the trade that got her out of prison in Russia?Bret: Well, obviously I’m happy for Griner and her family that she’s back after her 10-month ordeal. And it says everything about the moral difference between the United States and Russia that they will take a harmless person hostage so they can trade her for one of their most notorious gangsters.On the other hand, I don’t understand why we didn’t prioritize the release of Paul Whelan, an American who has been wrongfully detained in a Russian prison for four years but doesn’t have the benefit of Griner’s celebrity. Nor should we forget Marc Fogel, a 61-year-old American teacher trapped in one of Putin’s prisons. My advice to the Biden administration is to tell Russia that $1 billion of its foreign reserves will be seized for every additional day these two stay in prison.Gail: Hope they’re listening.Bret: Oh, and speaking of dealing with gangsters — your thoughts on the current crop of legal cases against the former guy?Gail: I’ve never thought — and still don’t — that a former president is going to go to jail, even for stealing federal documents or rousing violent crowds to march on the Capitol.Bret: Agree. Alas.Gail: But I’ve always had a yearning that he might wind up bankrupt and, say, living in a Motel 6. Knew that was impossible — told myself to remember all the money he can make just on speaking tours or hosting parties at Mar-a-Lago.Bret: Pretty depressing how American culture has descended from “My Dinner With Andre” to that dinner with Kanye.Gail: Now, though, I’m sort of wondering. Is there going to be a market for this guy — chooser of terrible Senate candidates and breaker of bread with neo-Nazis — even just as a celebrity?Bret: I had nearly lost hope that the day would ever come, but I think we are finally watching Trump self-destruct before our eyes even faster than anyone else can destroy him. The midterm results seem to have persuaded a critical mass of Republican voters and politicians that he’s toxic for their chances. Dinner with his antisemitic pals seems to have been the icing on the cake — or whatever the exact opposite of “icing on the cake” is. Toxic algae in the cesspool?Gail: Rotting rutabaga in the refuse? Sorry, that doesn’t actually make much sense. I was seduced by all the R’s.Bret: Gail, would you mind if I rant for a minute?Gail: Bret, I love it when you rant. Even when I hate it.Bret: There’s a special place in hell for the Paul Ryan Republicans — let’s call them PRR’s. What I mean is a certain type of well-heeled, intellectually minded conservative who never liked Trump’s person or politics and who occasionally tut-tutted at his vilest excesses, but who consistently made excuses for him and his presidency while heaping scorn on Never Trumpers as a bunch of virtue-signaling prigs. These Trump-appeasing PRR’s were prepared to defend and vote for him again until the day after the midterms, when they finally realized that he was a titanic political liability.Gail: Well, I truly do love this rant. Go on.Bret: To adapt something Winston Churchill purportedly said to Neville Chamberlain after Munich in 1938: In 2016 conservatives were given the choice between electoral defeat and personal dishonor. They chose dishonor. In the end, they still got defeated.Gail: You know I’m going to ask who’s a Churchillian pick in the Republican world. For instance, Ron DeSantis was never a huge Trump pal, but I think that was only because he was eyeing his job.Bret: So, weirdly, I have much less of a moral objection to those Republicans like DeSantis who liked Trump to begin with, whether because they agreed with most of his policies or appreciated his thumb-in-the-eye personality, or both. At least they came about their support for Trump honestly, without convoluted rationalizations and self-exculpations and various suspensions of disbelief. Of course I don’t agree with them, but I long ago stopped disdaining them.Speaking of disdain, any views on all of these disclosures about Twitter’s speech policies?Gail: Is there any way we can make it illegal for the richest man in the world to own one of the largest social networks? Guess not, huh?Bret: Probably not, though I doubt Musk will profit from the acquisition.Gail: Definitely felt sorry for the Twitter workers who discovered that Musk was putting beds in their work space. And his wild political seesawing would ruin the influence of anybody who wasn’t closing in on a quarter of a trillion dollars.But here we are, and I don’t have any great strategy for making him behave in a more responsible way when it comes to things like … keeping violent hatemongers off his platform. Do you have one?Bret: Violent hatemongers aside, I thought it was pretty appalling to see the lengths to which pre-Musk Twitter went to ban legitimate news stories, like The New York Post’s scoop about Hunter Biden’s laptop, and to downplay views that went against conventional wisdom, like the Stanford professor of medicine who warned about the ill-effects of lockdowns, and to coordinate its decisions with the Biden team — and then mislead the public about what it was doing. Even progressives like Ro Khanna, who represents Silicon Valley in Congress, warned Twitter about its anti-free speech attitude, which is entirely to his credit and not at all to theirs.Gail: Bret scores …Bret: I guess the point is, we don’t want giant corporations banning political speech, whether it comes from the left or the right, and that goes especially for companies whose entire business model relies on the principle of free speech. For exposing this, I have to give Musk credit.Gail: We’ll pick this up again, Bret. Somehow I suspect Elon Musk will follow us into the new year.The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram. More

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      Republicans Begin New Congress Feuding Over Bid to Overturn Election

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