Governance is not identical with or exclusive to neoliberalism; it was no part of the neoliberal imaginary set out by Milton Friedman or F. A. Hayek and had little place in neoliberal transformations in Latin America or South Asia in the 1970s and 1980s. However, as it matured and converged with neoliberalism, governance has become neoliberalism’s primary administrative form, the political modality through which it creates environments, structures constraints and incentives, and hence conducts subjects.

Wendy Brown, Undoing the Demos, loc. 232