This article critically examines Foucault's engagement with neoliberalism. While Foucault declares that his analysis of this tradition is primarily descriptive, I argue that he continually questions whether neoliberalism is less disciplinary and biopolitically normalizing than traditional forms of liberalism. Although Foucault does not endorse neoliberalism as a prescriptive solution to these problems of normalization, his interest in such problems is consistent with his tendency to privilege freedom over other values like justice and equality. This helps to clarify the normative stakes (...) of Foucault's analysis while rejecting any suggestion that he was invested in neoliberalism as a comprehensive political program. Indeed, I repudiate the claim that he was “seduced” by neoliberalism. Furthermore, I reject the idea that he was trying to “invent” a distinctively socialist governmentality through the prism of neoliberalism. Finally, I consider the broader significance of this discussion for normative political philosophy. (shrink)