It is one of the most used and abused terms of economic and political analysis. Yet what does neoliberalism refer to? Many are of the mistaken belief that it refers to small state, free market policies. Yet the truth is that the capitalist state has never been bigger or more embedded in every aspect of our lives, nor have the repressive institutions such as the police and security services ever been more engaged in surveillance and oppression. An important discussion about neoliberalism and its specific roots in the needs of capitalist accumulation.