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Obviously race played a factor
Perhaps this is nit-pciking, but how did race play a factor in Trump beating Hilary Clinton? Obama was a two-term president beating white opponents in both elections, and he probably would beat Trump even now if he could stand for a third term.
This despite the fact he didn't really change the status quo.
John Gray is pretty consistent with his analysis on liberal extremism and technocracy. Sure, some of it is speculative and therefore prone to miscalculation, but it seems to me at least that he's correct about the ideological contradictions inherent to centrism, as well as the political space that Reform are moving into.
If Starmer's project is bureaucratic and managerial about growth alone—and it seems to be—then these forces don't seem like they're going away.
For a slightly more historical/economic analysis on broadly similar themes of governance and democracy, this is pretty good:
https://carnegieendowment.org/research/2024/07/global-economic-governance-whats-growth-got-to-do-with-it?lang=en
And Keynes' intention in 1944, just to show how different our current economic conversation could be: