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Cato Weekly Podcast • April 2, 2026 

# The Great Political Realignment 

Steve Davies’s new book, *The Great Realignment*, argues that the key political divide of the past century — markets versus state control — is being displaced by a new aligning issue: nationalism, sovereignty, and collective identity versus cosmopolitanism and globalism. Cato’s Ryan Bourne talks with Davies about why today’s biggest political fights seem less about tax and spending and more about borders, culture, and who governs, how these non-economic conflicts still have deep economic roots, and what this new alignment persisting would mean for libertarians and economic policy.

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This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/). 

##### Featuring 

[![Ryan Bourne](/sites/cato.org/files/styles/author_picture/public/2021-01/Ryan%20Bourne.jpg?itok=nv8-2r7d)](/people/ryan-bourne) 

##### [Ryan Bourne](/people/ryan-bourne)

R. Evan Scharf Chair for the Public Understanding of Economics, Cato Institute

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