Capitalist realism is an expression of class decomposition, and a consequence of the disintegration of class consciousness. Fundamentally, neoliberalism must be seen as a project which aimed to achieve this end. It was not primarily – at least not in practice – dedicated to freeing up the market from state control. Rather, it was about subordinating the state to the power of capital. As David Harvey has tirelessly argued, neoliberalism was a project which aimed to reassert class power.

As the traditional sources of working class power were defeated or subdued, neoliberal doctrines functioned as weapons in a class war increasingly fought by one side only. Concepts like the 'market' and 'competition' have functioned not as the real ends of neoliberal policy, but as its guiding myths and ideological alibi. Capital has no interest in either the health of markets, or in competition. As Manuel DeLanda, following Fernand Braudel, has argued, capitalism, with its tendency towards monopoly and oligopoly, can more accurately be defined as anti-market rather than as a system which promotes thriving markets.