Noam Chomsky, in his book "Hopes and Prospects," argues that neoliberal principles undermine democratic values. He suggests that the framework of neoliberalism prioritizes market mechanisms and capitalist interests over the needs and voices of the public. This imbalance creates a society where economic forces dictate political outcomes, diminishing the role of democratic engagement and civic participation.

Chomsky emphasizes that the very essence of neoliberalism involves policies that not only concentrate wealth but also restrict democratic processes. The focus on individualism and profit leads to a society where the majority's needs are often ignored, challenging the core tenets of democracy. Through his analysis, Chomsky calls for a reevaluation of these principles to restore democratic integrity and promote social justice.