The above account, hewing to a neo-Marxist approach, formulates neoliberalism as an opportunistic attack by capitalists and their political lackeys on Keynesian welfare states, social democracies, and state socialism. In Globalists: The End of Empire and the Birth of Neoliberalism, Quinn Slobodian adds sophistication to this picture by emphasizing the extent to which neoliberalism was both intellectually conceived and practically unveiled as a global project in which nation-state economic sovereignty would be superseded by the rules and agreements set by supranational institutions such as the World Trade Organization, World Bank, and International Monetary Fund.22 In Slobodian’s telling, neoliberalism aimed simultaneously at dismantling barriers to capital flows (and hence to capital accumulation) posed by nation-states and at neutralizing redistributive demands from the recently decolonized South, such as those embodied in the New International Economic Order. Slobodian’s account also underscores the extent to which the neoliberal revolution was designed to quash working-class expectations in both the developed world and developing postcolonial regions as it produced a global race to the bottom. Put differently, releasing capital to chase cheap labor, resources, and tax havens around the world would inevitably generate lower standards of living for working-class and middle-class populations in the Global North and continued exploitation and limited sovereignty, accompanied by (uneven) development, in the Global South.