The new regime emerged from the fateful intersection of two sets of struggles. One set pitted an ascending party of free marketeers, bent on liberalizing and globalizing the capitalist economy, against declining labor movements in the countries of the core; once the most powerful base of support for social democracy, these latter are now on the defensive, if not wholly defeated. The other set of struggles pitted progressive „new social movements,“ opposed to hierarchies of gender, sex, „race,“ ethnicity, and religion, against populations seeking to defend established lifeworlds and (modest) privileges, now threatened by the „cosmopolitanism“ of the new economy. Out of the collision of these two sets of struggles emerged a surprising result: a progressive neoliberalism, which celebrates „diversity,“ meritocracy, and „emancipation“ while dismantling social protections and re-externalizing social reproduction. The effect is not only to abandon defenseless populations to capital’s predations, but also to redefine emancipation in market terms.

—Nancy Fraser, Cannibal Capitalism, (London: Verso, 2022), 69.