As historically constituted, both the political right and the political left advocate extreme hierarchy: economic hierarchy on the right and political hierarchy on the left. But in every society, economic and political hierarchies tend to coincide.
A society in which the state dominates capital (the Soviet Union, for example) and a society in which capital dominates the state are both profoundly hierarchical, and indeed there is little but a verbal difference between the realities of such systems, even as they are conceived as being opposites. Communism and capitalism, as emblematized by China and the United States, have come by different routes to a similar result: a merger of state and economy that might be termed technocratic or squishy totalitarian. The only liberation possible would dismantle the power of the state and the power of capital simultaneously. Putting it mildly, that does not appear to be where we’re heading.