The final thing... the question of the nation, and the role of the nation in liberalism... [T]here would seem to be a tension between liberalism's be… - Francis Fukuyama

The one on the right concerned the shift from an older understanding of economic liberalism to what is now called "neoliberalism." Neoliberalism is not... a synonym for capitalism. I don't see how you can have any kind of modern economy without a market based economy. Neoliberalism took that basic insight and stretched it to an extreme seeking to deregulate, privatize and basically pull back the role of the state, which many neoliberals regarded as simply obstacles to individuals, to entrepreneurship, to economic growth, and as a result markets did their usual work. They produced a great deal of inequality, as... global corporations searched for very small cost advantages by moving jobs to low cost areas... [T]hey destabilized the global economy in certain important ways by deregulating the financial sector. As a result of the deregulation that occurred in the 1980s and 90s we had an escalating series of financial crises. In the sterling crisis, the Asian financial crisis, Argentina, Russia, and finally culminating in the big American subprime crisis in 2008. The... cumulative effects of this instability were political and they were very serious because many ordinary people were hurt... a lot of people lost their homes, lost their jobs, and the elites that ran these big banks and financial institutions suffered only a momentary disruption in their incomes, and went on to continue to dominate their respective economies... [T]his had a direct impact on the rise of populism in subsequent years, both on the right and on the left.

The attack on modern natural science has come from a number of sources... [I]t starts ...on the left with a series of intellectual developments... French structuralism that then develops into post-structuralism, postmodernism and ultimately into different varieties of contemporary critical theory, the premise of which is that there's... a subjectivity in the way that we perceive the world. We don't so much perceive an objective reality, as impose reality on the world through the words that we use. This... culminates... in the thought of Michel Foucault, who's a very brilliant philosophical observer, but he began to argue that... modern science is not an objective cognitive technique, it is really something that elites use to manipulate people... [I]n previous years they could simply order the death of one of their subjects, but now they use science and the authority that science carries, to convince people of certain things that are essentially a way of holding power over them... [H]e applies this to things like incarceration, homosexuality, mental illness and the like, but by the end of his career had... broadened the idea of to... include much of what we understand to be modern natural science, and so the skepticism of science really starts on the progressive left. It has now completely moved over to the nationalist populist right. So during the COVID epidemic and... to the present... there are many people on the extreme right around the world that... argue, just like Foucault, that what the public health authorities are telling you about vaccines or about masking is... not based on objective science. It's based on... the elite desire to manipulate you, and it's really a game about power, rather than about the truth. You combine that with the internet and the new digital technologies that have wiped away all of the former gatekeepers, like the traditional media or... other credible sources of scientific information that used to certify information. You combine that with a principled belief that there really is no such thing as objective truth, and you get the situation... we now face, in which, at least in the United States... we can't agree on whether vaccines are safe, ...who is the winner of the 2020 presidential election and the like...

Because the President has undisputed authority over foreign policy, President Biden... will be able to reinsert the United States into the international system. He will rejoin the World Health Organization, the Paris Climate Accords, he will go to NATO and reaffirm support for... our Asian allies, for Australia, for every other country that has depended on... American power, but... it's going to be extremely difficult to return to the kind of world that we assumed existed before 2016, because America does remain fundamentally divided. That bipartisan support for the liberal international order that we thought was extremely strong is no longer...