The theory of generalized pairs was introduced by C. Birkar and D.-Q. Zhang in order to tackle the effective Iitaka fibration conjecture, and has proven to be a powerful tool in birational geometry. It has recently become apparent that the minimal model program for generalized pairs is closely related to the minimal model program for usual pairs and varieties. A folklore conjecture proposed by J. Han and Z. Li and recently re-emphasized by Birkar asks whether we can always run the minimal model program for generalized pairs with at worst generalized lc singularities. In this talk, we will confirm this conjecture by proving the cone theorem, contraction theorem, and the existence of flips for generalized lc pairs. As an immediate consequence, we will complete the minimal model program for generalized lc pairs in dimension and the pseudo-effective case in dimension 4. This is joint work with C. D. Hacon.