Reihan isn't nostalgic for the past:
[Rob] Horning contrasts the “security that once came from long-term employment with large firms and the safety net supplied jointly by employers and the state” with the post-Fordist, neoliberal order created by “deregulation, outsourcing, globalization and total worker flexibility,” and I think it’s safe to say he believes that much has been lost. I don’t want to caricature Horning’s view, as I’m sure he understands that Fordist solidarity was built on exclusion, that entrenched gender inequality was a foundation of “family wage” social democracy, etc. And I recognize that my highly idiosyncratic subjective experience has inclined me towards preferring the new capitalism to the old.
Horning responds that he doesn't "think we can or should try to turn back the clock":
[T]he new forms of social relations offer certain freedoms at the cost of having to commodify oneself at a deeper level than wage slavery required, with more of everyday life subsumed into capitalism, made business like, subject to its procedures of rational calculation. Some of what stems from that is good: At times work is more harmonious with one’s overall life, at times it feels good to have the market assess the quality and extent of one’s sociality, at times the flexibility increasingly expected of us prompts us to be and feel more creative, at times our self-consciousness leads to a rewarding consideration of what other people are thinking, and not just what they are thinking of us.
But the negative aspects are inseparable from those positive aspects.