Earlier quoted context omitted.
I don't think there is objective agreement that the Economists views are right-wing neoliberal capitalist. AllSides rates them as "Leans left": https://www.allsides.com/news-source/economist They've endorsed Democrats for US President since 2004. Ad Fontes also rates them slightly left leaning: https://adfontesmedia.com/the-economist-bias-and-reliability...
As in an old joke that rings true to anyone living outside the US, in US politics you have, on the one hand, an extreme right-wing party, far to the right of anything in other countries; and on the other hand, you have the Republican party. It's absolutely true that on cultural issues (particularly rights of minorities), the Democratic party and even the Economist is actually left or even far left compared to many wo…
America is a one party system - the War Party. It's just that as per typical American extravagance they've got two of them.