This interesting reflection by William Davies assesses the contention that neo-liberalism, that much abused term, refers (using Karl Polanyi’s terms) to the highest stage of disembedding the economy from society. According to this view, homo economicus now reigns supreme in a national society and world in which economic calculations, especially the financial return on investments, are the only rational basis for decision-making in all spheres, including the university. With people reduced to human capital, nature to natural capital, knowledge to intellectual property and money to financial capital, society is fully subservient to the logic of the market. But, if this is the doctrine of neo-liberalism, is it also the existential reality? No, because the neoliberal vision is an utopian as the earlier liberal vision. A sustained effort to attain the vision will devastate human institutions and nature, leading to unpredictable and possibly deadly protective movements.