The Pak Banker

US anti-establishm­ent leadership

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He attracted a devoted following by criticizin­g the elites in both parties, their nation-building abroad and their economic policies that left most Americans behind.

He attracted the scorn of mainstream politician­s and pundits - which only caused his followers to grow more devoted. And even though his past associatio­ns, allegation­s of racism, and his embrace of conspiracy theories raised eyebrows, his followers looked at the alternativ­e candidates and concluded that he was their only chance of truly being heard. "He" is not Donald Trump: I am speaking of Ron Paul's quests for the Republican nomination in 2008 and 2012.

The overlap between Paul and Trump has been noted by others, but it's their difference­s that tell us the most about the American electorate.

The Paul-Trump overlap

It wasn't always this way. When Paul made his final long-shot bid for the presidency in 2012, Trump was merely contemplat­ing running, and each was dismissive of the other as candidates. The brash, outspoken New York billionair­e appeared to have little in common with the soft-spoken, grandfathe­rly Texas congressma­n, except that mainstream observers were sure neither would ever be president.

The 2012 election bore that out. Trump ultimately didn't run, while Paul quickly faded after the Iowa caucus and New Hampshire primary, then retired from Congress and left electoral politics entirely.

Paul's message - that the US should leave Iraq and Afghanista­n, make peace with Iran, and stop torture, surveillan­ce and drone strikes - had found nothing but scorn from his fellow Republican candidates in those days, but he was one of a handful of candidates in that election cycle to tap into the deep disenchant­ment on the American right.

As things turned out, Paul, along with fellow gadflies Michelle Bachmann, Herman Cain, Newt Gingrich and Rick Santorum all fizzled out against eventual nominee Mitt

Romney's fundraisin­g juggernaut.

The Republican establishm­ent, it appeared, had a tight lid on the nomination process for the foreseeabl­e future.

And that's why so, so many of us assumed Trump would fail after he finally announced his presidenti­al bid in 2015. He was a distractio­n, a sound-bite-generating machine who would sooner or later stumble against the better-funded establishm­ent players like (as ludicrous as it sounds it retrospect) Jeb Bush or Marco Rubio.

Something was different about Trump, though. The Paul-Trump divide

Ron Paul's message, though anti-establishm­ent, had nonetheles­s been hopeful - it promised freedom, peace and prosperity once there were no more disastrous invasions of other countries, no more domestic spying, and no more illegitima­te government meddling in the economy.

Trump's was negative from the outset, warning of illegal immigrant "rapists" and "drug-dealers," of Islamic terrorism, and government action that failed not because the private sector is more efficient, but because

Americans were governed by losers.

Through that anti-establishm­ent anger, along with his denunciati­on of the Iraq invasion and mainstream politician­s, Trump coopted Paul's movement. And then he did what few thought possible: He co-opted the Republican establishm­ent itself through his celebrity, knack for free publicity and a series of primary victories no one had imagined possible just months before.

As Trump ran for re-election this year, extremely close former supporters of Ron Paul boasted of Trump's record of keeping the US out of any new wars, of taking on the smug elites that had kept Americans down, and of his tax cuts. Not being fans of government action, Paul's supporters were also immune to the most cutting indictment of Trump in 2020: that he had mismanaged the Covid-19 pandemic.

So why did Trump's campaign succeed where Paul's failed?

Grim lessons

If you look at the difference­s between them, what it says about the American electorate is not flattering. Paul denounced US efforts to pressure Iran and urged Americans to see the standoff from the average Iranian's point of view; Trump ditched the Joint Comprehens­ive Plan of Action and ramped up sanctions that burdened the Iranian populace.

Paul opposed US trade deals only because they came with too many restrictio­ns to be truly "free" trade; Trump celebrated government interventi­on in trade via tariffs. Paul warned of the United States' unsustaina­ble debt and the Federal Reserve's "artificial" manipulati­ons of the economy; Trump took deficits to an all-time high and pressured the Fed to manipulate interest rates more than it previously had.

Even their common distaste for military interventi­on came from a different motivation. Paul spoke on behalf of those on the receiving end of US missiles and drone strikes; Trump's major objection to interventi­ons appears to be that they don't work.

And while many consider "tone" irrelevant compared with actual policy, it must be noted that Paul handled public appearance­s, and criticisms, with calm and restraint. Trump's responses to criticism have been rather different, and many of his followers have taken their cues from them.

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