Neoliberalism is fracturing, but what will emerge in its wake?The global political, ecological, economic, and social breakdown—symbolized by Trump’s election—has destroyed faith that neoliberal capitalism is beneficial to the majority. Nancy Fraser explores how this faith was built through the late twentieth century by balancing two central tenets: recognition (who deserves rights) and distribution (who deserves income). When these begin to fray, new forms of outsider populis