The recent theoretical treatment of irreversible jumps between inherent states with a constant density in shear space is extended to a full theory, attributing the shear relaxation to structural Eshelby rearrangements involving the creation and annihilation of soft modes. The scheme explains the Kohlrausch exponent close to 1/2 and the connection to the low temperature glass anomalies. A continuity relation between the irreversible and the reversible Kohlrausch relaxation time distribution is derived. The full spectrum can be used in many ways, not only to describe shear relaxation data, but also to relate shear relaxation data to dielectric and bulk relaxation spectra, and to predict aging from shear relaxation data, as demonstrated for a very recent aging experiment.