Rarely does one come across some nice article about changes in the US economy, especially the conditions that enabled the election of Donald Trump. Most articles are, as Glenn Greenwald says, “In the Democratic echo chamber, inconvenient truths are recast as Putin plots”.

These have implications not just for the US but for the world as a whole.

Nancy Fraser, a professor of philosophy and politics at the New School for Social Research has a nice article From Progressive Neoliberalism To Trump—And Beyond for American Affairs.

The trick of neoliberalism is to appear progressive on the social axis of the political spectrum and deceive voters into believing that right-wing economics is good for them.

Fraser says,

The progressive-neoliberal program for a just status order did not aim to abolish social hierarchy but to “diversify” it, …