This article examines Michel Foucault’s critical investigation of neoliberalism in the course published as Naissance de la biopolitique: Cours au Collège de France, 1978-1979. Foucault’s lectures are interrogated along two axes. First, examining the way in which neoliberalism can be viewed as a particular production of subjectivity, as a way in which individuals are constituted as subjects of “human capital.” Secondly, Foucault’s analyses is augmented and critically examined in light of other critical work on neoliberalism by Wendy Brown, David Harvey, (...) Christian Laval, Maurizo Lazzarato, and Antonio Negri. Of these various debates and discussions, the paper argues that the discussion of real subsumption in Marx and Negri is most important for understanding the specific politics of neoliberalism. Finally, the paper argues that neoliberalism entails a fundamental reexamination of the tools of critical thought, an examination of how freedom can constitute a form of subjection. (shrink)