You don't have to agree with the dirtbag left to understand that's
precisely their point.
Over the phone, Chait—who, by the way, does not identify as a neoliberal—explained to me that internationally, the term is used to "sharply delineate socialist versus non-socialist, or socialist versus capitalist." The way he understands it, in the United States, "the major weakness in the term 'neoliberal' is that it encompasses the majority of all sides in a political debate." In other words, it's become so broadly defined that it arguably describes both of the major political parties in America.