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.

In the moderate story, government has a bigger role than before, but it is not a fighting, combative role. It is a booster rocket role. It is to give people the skills needed to compete and flourish in this open, pluralistic world. It is to give people a secure base, so they can go off and live daring adventures. It is to mitigate the downsides of change, and so people can realize the unprecedented opportunities.