Where is the bankruptcy?

Neoliberalism is contemporarily used to refer to market-oriented reform policies such as "eliminating price controls, deregulating capital markets, lowering trade barriers" and reducing, especially through privatization and austerity, state influence in the economy.

Someone is giving a lecture on neoliberalism bankruptcy. 

The last, the state does in fact influence the economy, and it is mandated to do so. Neolibealism failed that. I would replace privatization with liquification, use cash wherever possible.  The level of austerity is a market outcome.

The actual bankruptcy is accumulating accounting error due to the false Euler assumption. But even that is small when acknowledged in real time.

The final answer? We want more neoliberal bankruptcies in smaller amounts so we can keep up.