"The problem, indeed, is a more general one. No populism, right or left, has so far produced a powerful remedy for the ills it denounces. Programmatically, the contemporary opponents of neoliberalism are still for the most part whistling in the dark. How is inequality to be tackled – not just tinkered with – in a serious fashion, without immediately bringing on a capital strike? What measures might be envisaged for meeting the enemy blow for blow on that contested terrain, and emerging victorious? What sort of reconstruction, by now inevitably a radical one, of actually existing liberal democracy would be required to put an end to the oligarchies it has spawned? How is the deep state, organised in every Western country for imperial war – clandestine or overt – to be dismantled? What reconversion of the economy to combat climate change, without impoverishing already poor societies in other continents, is imagined? That so many arrows remain missing in the quiver of serious opposition to the status quo is not, of course, just the fault of today’s populisms. It reflects the intellectual contraction of the left in its long years of retreat since the 1970s, and the sterility in that time of what were once original strands of thought at the edges of the mainstream. Remedial proposals can be cited, varying from country to country: Medicare for all in the US, guaranteed citizen incomes in Italy, public investment banks in Britain, Tobin taxes in France and the like. But so far as any general, interlocking alternative to the status quo is concerned, the cupboard is still bare. (...) Politically speaking, neoliberalism has been in no great danger from either."
https://www.lrb.co.uk/the-paper/v47/n06/perry-anderson/regime-change-in-the-west
