"But something new and darker seems to be at stake. The crux of Brown’s sophisticated argument is that the left fails to see the “political rationalitythat both organizes these policies and reaches beyond the market” (“Neo-liberalism and the end of liberal democracy” ). The left analyses do not capture the “neo” of neo-liberalism because they “obscure the specifically political register of neo-liberalism in the First World, that is, its powerful erosion of liberal democratic institutions and practices in places like the US.”
"In other words, neo-liberalism agents systematically aim to radically de-democratize their societies. The supreme triumph of corporate power in the world requires that liberal democracy be undermined. This means that political autonomy is jettisoned. Formal rights, private property and voting are retained, but civil liberties are re-cast as useful only for the enjoyment of private autonomy."