Since I’m doing quotes, here is one from the great Nancy Fraser:
In its U.S. form, progressive neoliberalism is an alliance of mainstream currents of new social movements (feminism, anti-racism, multiculturalism, and LGBTQ rights), on the one side, and high-end “symbolic” and service-based business sectors (Wall Street, Silicon Valley, and Hollywood), on the other. In this alliance, progressive forces are effectively joined with the forces of cognitive capitalism, especially financialization. . . The former lend their charisma to the latter. Ideals like diversity and empowerment. . . gloss policies that have devastated manufacturing and what were once middle-class lives.
https://www.dissentmagazine.org/online_articles/progressive-neoliberalism-reactionary-populism-nancy-fraser