The progressive-populist horseshoe

Capital has mobilized Democrats and Republicans to wage a two-front war against socialism.

The strategy is simple:

1) Concede that various symptoms of capitalism are indeed a problem. If you are a progressive, for example, you can complain about inequality or monopoly or various identitarian antagonisms that are fomented by capitalism. If you are a right populist, you can complain about alienation, or about the economic stresses that families …