a neo-Hayekian economic regime

the Austrian school of economic and social theorists – in particular Hayek and von Mises – that proposed that the world was simply too complex to manage through state control and that only markets would be capable of functioning as an appropriately supple information-processing and coordination system

Today’s post-democratic, or better perhaps: a-democratic, Hayekian capitalism, after the victory, or almost-victory, of neoliberalism, may be regarded as a historically updated version of ordoliberalism