The Politics of Abundance?

From what I see, there appears to be a shift in the neoliberal consciousness. They are being forced to contend with the objective failure of the 2024 election and a dissatisfied public yearning for change. I've noticed a few of them—particularly in places like r slash neoliberal or r slash destiny—starting to come to terms with the failure and stagnation that neoliberalism has produced. Many are now attempting to shift toward something called "The Politics of Abundance" or "Progressive Supply-Side" economics.

I find this development somewhat intriguing since it almost seems like they are trying to bring a Socialism with Chinese characteristics style of development to the United States—just in a form more palatable to the American public.

Key Issues They Correctly Identify:

-The inability of the progressive movement to deliver on its promises—particularly affordable housing, better public transit, healthcare, and green energy.

-The American progressive movement is too libertarian in nature. That is, they are more concerned with procedural correctness rather than using state mechanisms to enact change, fearing they will be perceived as authoritarian.

One of their key solutions is strategic deregulation in certain industries. Some of it—like zoning reform—is genuinely needed, while other aspects seem more questionable.

Usually, when I see the likes of Ezra Klein and Noah Smith raving about an idea, I get a reflexive contrarian instinct. But it seems like some neoliberals are ditching neoliberalism and attempting to copy Chinese technocracy.

What do you guys think? Is this just a rebranding disguised as a new movement, or is it a development actually worth paying attention to?

Some Further Reading:

Critical piece from Zephyr Teachout:An Abundance of Ambiguity

Arguing in favor, from Noah Smith: Book Review: Abundance