From National Review, Jonah Goldberg, Down with the Administrative State:
Rich Lowry and I have been going back and forth on nationalism vs. patriotism quite a bit. I’m not going to revisit all of that because it’s already gotten way too theoretical. But what I do want to say is that when nationalism gets translated into public policy, particularly economic policy, it is almost invariably an enemy of individual liberty and free markets. This should be most obvious when it comes to trade. The Trumpian case for economic nationalism is inseparable from the claim that politicians can second guess businesses about how best to allocate resources.
Bannon is desperate to launch a multi-trillion-dollar infrastructure program in the name of economic nationalism. He thinks it will be as “exciting as the 1930s.”
Well, “exciting” is one word for the 1930s, but it’s not the one I would use and it’s not one that conservatives — until five minutes ago — would have used. FDR was a proud economic nationalist. The National Recovery Administration (NRA) was slathered in nationalism. It was run by Hugh Johnson, the man who ran the draft during the First World War and who tried to literally militarize the economy. Under the NRA, a dry cleaner, Jacob Maged, was sent to jail for charging a nickel under the mandated price for pressing a suit. Under the NRA, big businesses created a guild-style corporatist political economy.
Economic nationalism taken to its logical conclusion is socialism, with pit stops at corporatism, crony capitalism, and the like. When you socialize something, you nationalize it and vice versa.
Now I don’t think that Trump and Bannon want to go nearly that far. Many of their proposed tax and economic policies will help the free market. But nationalism has no inherent limiting principle. The alt-right nationalists despise the Constitution precisely because it is a check on nationalism. For the unalloyed nationalist mind, it’s us over them, now and forever — and the definitions of “us” and “them” can get dismayingly elastic. (“This is the core claim of populism,” writes Jan-Wener Muller in What is Populism, “only some of the people are really the people.”)
A fascinating thought on the distinction between nationalism, patriotism and socialism.