I think in a fairly muddled and sweeping way, these are parts of the condition he's trying to articulate
"Today, with the benefit of hindsight, I have come to see that the shift from redistribution to recognition was actually part of a deeper shift – from an era in which the Westphalian frame went without saying to one in which it has become contested. Thus, my diagnosis of the times has altered. To my earlier conception, centred on the conjunction of neo-liberalism and identity politics, I would now add another element: the current sense of uncertainty about the frame. This last element seems to me to be a defining feature of the present zeitgeist."
" West European Left was also demoralized. Faced the apparent "triumph of capitalism", many social democrats lost their nerve and rushed to accommodate neoliberalism. All this, too, belongs to the "post-socialist condition". But let me be clear. I am not saying that there no longer exist movements oriented to egalitarian redistribution or people who consider themselves socialists – I myself am one of them! However, such currents are isolated and on the defensive. Certainly, major labour and leftwing political parties no longer articulate claims for distributive justice in a serious way – at least at the national level."
http://www.eurozine.com/articles/2009-04-21-fraser-en.html
As is argued elsewhere, it's not enough to just separate left/right; conservative/liberal etc. and attach value notions to them. I thought even Echoes upthread acknowledged that was something he learned from Chomsky.
I guess that's only if looking at the US from a safe distance. Old party and tribal atavisms remain firmly entrenched otherwise.....