This is a rather lengthy article and I haven't had time to read all of it. I am posting it because I found a lot of important insights contained in it. Here are some:
Liberal [capitalist] democracy has been reduced to a shell, more a name than a fact that deserves the name. For many years, liberalism has been liberal authoritarianism or post-liberalism or neoliberalism, with a high elitist disdain for democracy and a fear of the masses everywhere. Promises of inclusion, fairness, and welfare, were replaced by sensitive-sounding rhetorical tricks and tokenism. Moral narcissism, virtue signalling, identity politics, and building patchwork quilts of diversity were the order of the day. Protests were encouraged abroad, against target nations, in the name of democracy promotion—but at home, protests were shut down by an always more militarized police. Nations around the world were lectured about transparency and accountability, but at home it was all about mass surveillance, domestic espionage, and a crackdown on whistleblowers. Liberal leaders claimed to be upholders of peace and order, while multiplying the number of wars.