Liberalism holds within it a multitude of characters and we are seeing some of the design flaws now but in it's day it was a radical dissolution of power of the state from an authoritarian norm that is alien to our modern sensibilities.

Yes, liberalism has an important historical significance. It also has a specific historical context. Unfortunately, many academics and intellectuals came to see it as a permanent, natural state; as the only paradigm that should, or even can, exist.

I think many people of today underestimate how popular the idea of "the end of history" was after the dissolution of the Soviet Union. The idea that liberal "democracy" and capitalism represented the last and only sociopolitical/socioeconomic system humanity would ever need - that it was the culmination of all human history - was adopted by nearly every elite member of society. History was over, there was no alternative, and we shouldn't try to develop humanity any further. Not only was any significant change unnecessary and undesirable, it was harmful and destructive. Human civilization had to stay in a permanent state of arrested development essentially forever.

This thinking was not restricted to just a vocal minority, it was the consensus, and with Marxism-Leninism defeated, there was no ideological opposition. Liberalism (neoliberalism, liberal democracy, capitalism) was the unquestioned champion and there were no more challengers.

But history had not ended, and no paradigm, however dominant, can remain in place permanently. Change is inevitable, humanity and civilization continue to evolve, and as new historical and material conditions emerge, so too will new ideas, just as liberalism did in its time and place.

Humanity is facing incredible challenges, and I'm not sure liberalism has all the tools necessary to adequately address all of them. Maybe no one ideology does. Maybe we need to take a post modern approach and look at all the different ideas and philosophies as tools in a tool box, and simply use whichever one we think might work best to address a specific problem. Then again, maybe humans don't work that way, maybe the patchwork approach of "just do whatever works" is incompatible with a natural human desire to have a grand, unified, overarching ideological paradigm in place.

Regardless, I think liberalism's ideological hegemony is rapidly falling apart. I fear it will be replaced by something worse, and by "worse" I mean even less sufficient for addressing the many challenges facing humanity today. I think that's happening because liberalism became so entrenched, so rigid and so immovable. I just hope it's not too late to come up with something better.