neoliberalism is a conservative philosophy which seeks to perpetuate an unjust and unsustainable capitalist hegemony.
It’s not actually that crazy, it’s just that all these words like “liberalism” are thrown around in an utterly meaningless way.
The pillars of liberal philosophy are (1) fundamental rights are inviolable by the state (2) the right to privately own property that is exchanged through markets (3) egalitarian democracy (one vote per person) (4) the rule of law cannot be ignored and due process must be pursued.
People on the left see these as the policy points “conservatives” obsess over in their rhetoric, so they call it conservative politics. Entirely ignoring the fact that conservatives throughout history care little about fundamental rights, egalitarianism, or rule of law… Ignoring the fact that the original “right” opposed a “left” that WERE the liberals, when liberalism was the new progressive politic.
Socialism is a quite different thing from liberalism. Both liberalism and socialism are opposed by conservatives (the right), but liberalism and socialism have some serious, fundamental tensions and reasonable people may argue they are fundamentally incompatible. I personally think they mostly are, though tools from each are going to be part of making a more just world.
To be clear, neoliberalism differs from classical liberalism (the french revolution kind) in that it tries to fundamentally associate these values with a free market capitalist system.
It’s also not some all or nothing divide like some socialists try to make it out to be, there’s a huge spectrum of opinions between “totally free market” and “totally socialized command economy”. The vast majority of liberals/progressives support a mixed market, where the damage markets can do is kept in check by strong regulation, and there’s a robust safety net to catch people who fall through the cracks.