NeoLiberalism is still alive because too many people get their dysfunctional, psychological needs, like greed and power-hunger, satisfied by it. They are too focused on that to care about how much damage it does to the rest of us.

Why Neoliberalism Is Finally on the Way Out
An economist’s apology for his generation
https://newrepublic.com/article/168000/brad-delong-neoliberalism-finally-way-out

"...Brad: Well, let me start with the bad neoliberalism, and in many ways the bad neoliberalism, basically it’s the market giveth, the market taketh away, blessed be the name of the market. That is, it’s the belief that if property rights are cut at the joints properly, the market economy then crowdsources the problem of increasing production and so effectively mobilizes human brain power to making a richer world in a way that no other system can. But I think its most powerful advocate, Friedrich von Hayek, warned accepting what the market gives us to as blessed comes at a horrible price. A market system cannot provide any form of social justice and if you demand that it be tweaked and managed to do so, it would wreck the market’s ability to do what it could, and so this is Margaret Thatcher’s Tina.

Michael: Which stands for “there is no alternative.” This was a slogan associated with Margaret Thatcher and the Conservative Party in Britain, basically saying a free market is the only way.

Brad:...There is no alternative other than taking the British polity, society, and economy and wrenching them back to one that trusts the market and that accepts whatever the market does as the best attainable end.
...
Felicia: Would you say, Brad, that whatever the market does, is its best attainable end?

Brad: No, and I would say that that is right neoliberalism and I will also say that there was a left neoliberalism as well, because the same word was used more or less in the 1970s to say that the post–World War II system had become overbureaucratized, too encrusted with rent-seeking groups, with politically strong clients that had weak claims on government programs and support, and that there was a good deal of truth in Von Hayek’s observation that a properly constructed market economy crowdsources the solution to an enormous amounts of human problems, that you’re not having some bureaucrat at the center or some central planner who has next to no information setting out what has to be done. You’re creating a flexible system in which the people on the spot with the information are empowered to act and to act for the common good as long as you can properly tweak things so that individual incentives are to act for the common good. And that good neoliberalism, that left neoliberalism...was going to be a huge improvement over what had happened in the post–World War II generation.

Felicia: ...just to summarize for listeners who haven’t been living and breathing this for years, like all of us here, left neoliberalism and right neoliberalism can agree on a few things. Both sides can agree that a free market is more efficient. But left neoliberals think that the market needs to be kind of clipped or trimmed to help ordinary people, small tweaks like tax credits. Right neoliberals, which we spend a lot of time talking about here, they just want to let the market rip. The bigger the company, the better, and maybe it’s going to create jobs and trickle down. I think both right and left neoliberals would disagree with people like me or people like Brian Deese because we think today that there’s a place for direct government investment to drive new sectors of the economy and there’s a place for government reigning in monopolies and that’s not neoliberal at all.
...
the ways that the economics profession, political activism, and the think tank and foundation worlds, of which you, Felicia, are a part too.
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Michael: ...The way those three forces have worked in recent years to try to get at and attack the foundations of neoliberalism and build a new set of assumptions into the way we, and into the way regular Americans, think about the economy that hasn’t always been done very successfully. For example, I raise this question in my book, the Great Recession, by all rights, should have wiped out neoliberal thought. Why wasn’t neoliberalism dead and buried then in 2009? The answer to me is that our side hadn’t done a good job of formulating an alternative at both the practical level of policies and the somewhat more abstract level of the ideas that drive the policies. And I’m not an economist, so Brad forgive me, but economics is not just a statement of formulas.

Economics is a set of ideas about what motivates us, what motivates our actions in the marketplace, in life, how we define the good life and how we get there. So our side, broadly speaking, I think, didn’t do a very good job of countering neoliberalism on both of those philosophical and practical fronts until just recently."

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