What is neoliberalism?
1. Sometimes the term is used to mean the revival of classical liberalism, and so is roughly equivalent to a broad sense of “libertarianism.”
2. Sometimes the term is used to mean the contemporary, welfare-state liberalism that displaced classical liberalism.
3. Sometimes the term is used to mean a corporatist strategy of government intervention on behalf of big business but cloaked in deceptive free-market rhetoric.
4. Most often, it’s used for a confused amalgamation of (1) and (3), despite the fact that (1) and (3) are of course deeply incompatible. (This is a sign that the free-market rhetoric in (3) is successful; thus those who might like (1) are tricked into supporting (3) [result: “vulgar libertarianism”], while those who might wish to oppose (3) are tricked into opposing (1) [result: “vulgar liberalism”].)
I now learn of a fifth definition: neoliberalism is “the doctrine that market exchange is an ethic in itself, capable of acting as a guide for all human action.”
It looks like this guy is one of those who confusedly glops (1) and (3) together into (4) and then attacks this nonexistent construct. But he seems to have added a new chimera on top of the old one. Even among the most wild-eyed fans of markets I have yet to meet anyone who actually thinks market exchange is “capable of acting as a guide for all human action.” (Not even Walter Block!)