Neoliberalism has died. Long live neoliberalism! The central objective of this chapter is to show that neoliberalism as a political regime has ended and that it has metamorphosed as a pillar of the politics of the sensibilities of the current political economy of morality.To achieve this goal, we select the following argumentative strategy. First we will review the contributions of Foucault, Bourdieu, and Harvey looking for some theoretical clues to understand neoliberalism through the lens of sensibilities; second, we will synthesize an epistemic critique of the central contents of neoliberalism; third, we will summarize a periodization of the phases of neoliberalism from the 1940s to the present; fourth, we will explore "the thousand faces' of neoliberalism; and finally, we will present the constitution of democracy for consumption and the subsidized citizen as the basic components of neoliberalism as a policy of sensibilities.