 A very common criticism of neoliberalism is that it undermines democracy. This might be because high economic inequality undermines democracy, as Martin Gilens (2014) argues in Affluence and Influence and defended by Larry Bartels (2008 [2016]). Another way in which neoliberalism could undermine democracy is by prioritizing the protection of classical liberal economic liberties, like the right to private property. These can lead to restrictions on the ability of democratic citizens to choose to redistribute wealth. This problem is especially acute given Hayek’s favorable view of the Pinochet regime in Chile. Hayek hoped that Chile would become a democracy, but he believed that the Pinochet coup had allowed Chile to dodge the bullet of democratic socialism as advocated by Salvador Allende, Pinochet’s predecessor. There is a tension between the liberalism and the democratic commitments within neoliberalism that in practice tends to mean that democracy suffers.