Today it is free-market conservatism that is voiceless. After insisting for two generations that inequality does not matter, the heirs of Mr. Reagan and Mrs. Thatcher — people like the House speaker, Paul Ryan — have neither a coherent program to reduce inequality nor a philosophical rationale to seek one.
Like it or not, inequality in today’s America drives politics toward rage and polarization, and toward destabilizing and dangerous populisms of both left and right. Trumpism and Sandersism have something to say about inequality, but mainstream conservatism does not, and it will be no match for them until it does.
I find it difficult to disagree with most of this article.