The success of neoliberalism was not predicated merely on its arguments for the superior efficiency of markets, or its challenges to the economics of socialist planning. Rather, neoliberals pioneered a series of political arguments about the dangers of wealth redistribution, interference with the market and mass participation in politics, especially in the post-colony, that helped to legitimise austerity and the crushing of Third Worldist demands for global wealth redistribution. … These arguments were taken up enthusiastically by the humanitarians of LSF.

Jessica Whyte, The Morals of the Market, loc. 437