Few days ago, “The Editorial Board” of Financial Times published an article calling for “radical reforms”.

The article says:

Radical reforms — reversing the prevailing policy direction of the last four decades — will need to be put on the table. Governments will have to accept a more active role in the economy. They must see public services as investments rather than liabilities, and look for ways to make labour markets less insecure. Redistribution will again be on the agenda; the privileges of the elderly and wealthy in question. Policies until recently considered eccentric, such as basic income and wealth taxes, will have to be in the mix.

…

The leaders who won the war did not wait for victory to plan for what would follow. Franklin D Roosevelt and Winston Churchill issued the Atlantic Charter, setting the course for the United Nations, in 1941. The UK published the Beveridge Report, its commitment to a universal welfare state, in 1942. In 1944, the Bretton Woods conference forged the postwar financial architecture. That same kind of foresight is needed today. Beyond the public health war, true leaders will mobilise now to win the peace.

So what explains this shift?

The important point is that FT which just speaks for the ruling class hasn’t become left-wing, it’s just adopting a left-wing policy. The number one point of liberalism—the ruling class ideology—is to prevent a left-wing rise. Anything for that, including the use of left-lite politics, temporarily.