American progressives have a story to tell, and they are not afraid to tell it. In this story global capitalism is a war zone. Free trade is a racket. Big business and big pharma are rapacious villains that crush the common man.

In this context you need a government prepared for war. You need a government fired by economic nationalism, willing to play trade hardball against our foes. You need a centralized industrial policy to shift investment where it’s needed. You need a government that will protect you, control you and give you things: free college, free child care. As in any war, you want government that is centralized and paternalistic.

Moderates have a different story to tell, but in both parties moderates are afraid to tell it. Moderates are afraid to break from the gloom and carnage mind-set that populists like Donald Trump, Elizabeth Warren and Bernie Sanders insist on.

But hope is warranted and must be displayed. In the moderate story, global capitalism is a challenge but also an opportunity field. Over the past generation more people have been lifted out of poverty than ever before. For the first time we have a mass global middle class. This opens up new opportunities, liberates masses of talent and leads to more creativity than ever before.