In a rousing speech last summer, Vivek Ramaswamy presented the New Right as at a crossroads between two competing visions of American conservatism: “National Libertarianism” or “National Protectionism.” In his telling, the former is focused on dismantling the administrative state and restoring national greatness through low taxes and regulation, akin to an American Javier Milei. The latter, in contrast, favors a kind of American Peronism that would harness the administrative state to promote conservative ends, including through the aggressive use of tariffs and industrial policies that go beyond dealing with narrow security threats.
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