[dragonwriter]

> I have only ever seen the neoliberal label used as an insult against the Democratic party for their lack of real progressive policies and for basically being the pawns of big banks and global elites.

Probably because you are too young to remember the “neoliberal consensus” before the hard-right turn of the Republican Party; it wasn't universally an insult then (though it was from the progressive left), and it was specifically bipartisan.

But, sure, now in the US it mostly refers to the center-right faction of the Democratic Party.