A progressive political economy

This article's authors states,

"America is facing an election that is about more than candidate personalities, or even policy platforms; it is about the war of ideas, and at stake is nothing less than our collective political and economic future. Progressives can only win this long-term battle by finally articulating a deeper and more coherent vision of progressive political economy, one that sharply contrasts with conservative ideals."

What does a Progressive political economy entail? How does Progressive economic thinking contrast to the free-market fundamentalism of the GOP/Tea Party?

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