[R]epublicanism has been revived as a modern ideology. Disillusion with classical liberalism, because it has led to unrestrained capitalism, and with Marxism, because it has resulted in political tyranny, has created a vogue for a “republican” philosophy, with a commitment to effective legal restraints upon the executive, an active ideal of participatory citizenship, and a belief that the collective good should take priority over private interest. Thus defined, “republicanism” appears to be an attractive, nonsocialist alternative to capitalism and globalization.

Keith Thomas, "Politics: Looking for Liberty" in the May 26, 2005 NYRB.