According to this Stanford Encyclopedia of Philosophy article...
Given that liberalism fractures on so many issues — the nature of liberty, the place of property and democracy in a just society, the comprehensiveness and the reach of the liberal ideal — one might wonder whether there is any point in talking of ‘liberalism’ at all. It is not, though, an unimportant or trivial thing that all these theories take liberty to be the grounding political value. Radical democrats assert the overriding value of equality, communitarians maintain that the demands of belongingness trump freedom, and conservatives complain that the liberal devotion to freedom undermines traditional values and virtues and so social order itself. Intramural disputes aside, liberals join in rejecting these conceptions of political right.
Yet from the same article...
Since the 1960s when Rawls began to publish the elements of his emerging theory, liberal political philosophers have analyzed, and disputed, his famous ‘difference principle’ according to which a just basic structure of society arranges social and economic inequalities such that they are to the greatest advantage of the least well off representative group (1999b:266). For Rawls, the default is not liberty but rather an equal distribution of (basically) income and wealth; only inequalities that best enhance the long-term prospects of the least advantaged are just. As Rawls sees it, the difference principle constitutes a public recognition of the principle of reciprocity: the basic structure is to be arranged such that no social group advances at the cost of another (2001: 122–24).
This version of "liberalism" appears willing to make any and all trade-offs between liberty and outcome-equality in favor of the latter, which is supposed to be the definition of the radical democrats' conception of political right liberals join in rejecting. This apparent contradiction should hold independently of explicating a precise liberty concept; a positive liberty cooked to be identical to outcome-equality reduces the entire trade-off to rhetoric, and any other liberty concept creates this apparent misclassification of Rawlsian "liberalism." The article also says...
One stark difference that emerges from this is that Rawlsian liberalism’s theory of justice is a theory about how to distribute the pie while old liberalism’s theory of justice is a theory about how to treat bakers (Schmidtz, 2022).
However, it then goes on to say...
Nozick, recalling the focus on connecting property rights to liberty that animated liberalism in its classical form, notes that if there is anything at all people can do, even if the only thing they are free to do is give a coin to an entertainer, then even that tiniest of liberties will, over time, disturb the favored pattern. Nozick is right that if we focus on time slices, we focus on isolated moments, and take moments too seriously, when what matters is not the pattern of holdings at a moment but the pattern of how people treat each other over time. Even tiny liberties must upset the pattern of a static moment. By the same token, however, there is no reason why liberty must upset an ongoing pattern of fair treatment. A moral principle forbidding racial discrimination, for example, prescribes no particular end-state. Such a principle is what Nozick calls weakly patterned, sensitive to history as well as to pattern, and prescribing an ideal of how people should be treated without prescribing an end-state distribution. It affects the pattern without prescribing a pattern.
This seems hard to distinguish from both old liberal and radical democrat simultaneously. It sound a lot like a theory about how to treat bakers (old liberal), but if it's a tactic for how to treat bakers only as a means of reverse engineering the implementation of a theory about how to distribute the pie, then the overriding value is just outcome-equality (radical democrat) and treating bakers well, or fairly, or as agents with liberty, are only political maneuvers to be adorned or discarded as fits the circumstances.
How can sense be made of this view as a new form of liberalism?