I highly recommend reading my good friend David Eaves‘ article Progressivism’s End co-written with his frequent collaborator, Taylor Owen. The analysis is very strong and it is the most effectively written articulation of what I believe to be the emerging realignment of policy and politics as influenced by web technology, the creative class and the steady transition of power from Boomers to Gen Y.
Because I love it so, a couple of excerpts. On how the Left is killing Progressivism:
Seeing their hard-fought accomplishments under threat, traditional baby boomer progressives began to prioritize the survival of New Deal policies and institutions over the idealistic outcomes they were built to promote. Thus the central paradox of progressivism was born: its older-style advocates, entrenched against innovation and reform, even in the service of progressive values, had unwittingly become the new conservatives.