The more progress that has been made toward eradicating social injustices, the more intolerable the remaining injustices seem, and thus the moral imp… - 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.

[C]ulture is a much better predictor of populist sentiment than economics. ...[T]he average Trump voter in 2016 had a higher per capita income than the average Hillary Clinton voter, and if you look at the people in the January 6th riot, the vast majority... were comfortable middle class people with good jobs... [T]here is a core... white working class base to Trumpism, but... a lot of the people that are aligned with that movement are there for cultural reasons. They really don't like the kind of identity politics that's being... put forward by the progressive left... [A] lot of Hispanic voters, for example, don't like socialism, and they don't like the fact that the Democrats are using the word socialism as if it's a perfectly normal set of economic choices.

[A] further threat to liberalism has to do with the mode of cognition that we call modern natural science. The early liberals were very closely aligned with the founders of modern natural science, people like Bacon and Descartes and Newton, who believed that there was an objective world beyond our subjective consciousnesses, that we could perceive this world through the experimental method, and then come to manipulate it. Natural science gave us technology... that made the world much more habitable, by conquering disease, by inventing things that vastly increased human productivity. So... it's closely related to the wealth, and... the safety and comfort of a modern economically developed world.