The neoliberalism not undersanders are at it again so let's define neoliberalism. Neoliberalism, as with any theoretical construct emphasises different things in different contexts. In terms of how it applies to social policy and state economic policy we can point to some clear Features. Public sector privatisation, private sector deregulation (at some levels such as workers' rights), and welfare stateism which subsidises low wages and increases disciplinary measures in welfare (Jessop, 2002)