For Harvey neoliberalism is about the formation of class power by economic elites. Neoliberalism has been a political project to ensure economic elites benefit the most from the system. Harvey further argues that whenever economic policies of neoliberalism conflict with elite ideology, the elites took action to keep their powerful position. This is evident by the readiness of government who are committed to following the principles of neoliberalism such as the Bush administration to get rid of it at times when it does not benefit the economic elites. The U.S governments has continuously threw out the principle of free market when they bailed out major industries such as airlines, banks, companies etc since according to the neoliberal theory
