In another of conservatism’s founding documents, “The Wealth of Nations,” Adam Smith argued that trade barriers and protections offered to dying industries will not, in the long run, serve the interests of the people. On the contrary, they will lead to an ossified economy that will splinter in the face of competition. President Trump seems not to have grasped this point. His protectionist policies resemble those of postwar socialist governments in Europe, which insulated dysfunctional industries from competition and led not merely to economic stagnation but also to a kind of cultural pessimism that surely goes entirely against the American grain.
Conservative thinkers have on the whole praised the free market, but they do not think that market values are the only values there are. Their primary concern is with the aspects of society in which markets have little or no part to play: education, culture, religion, marriage and the family. Such spheres of social endeavor arise not through buying and selling but through cherishing what cannot be bought and sold: things like love, loyalty, art and knowledge, which are not means to an end but ends in themselves.
About such things it is fair to say that Mr. Trump has at best only a distorted vision.