Abstract
The article takes up Foucault’s analysis of neoliberalism in the 1970s. It begins by showing how this analysis represents an unforeseen effect of his introduction of the new category of biopower. It goes on to propose a hypothesis suggesting that, if we are to reappropriate the explanatory potential of the latter notion, it is advisable that we leave aside the political and cultural problematic of neoliberalism, focusing on the specific locus of the economic evolutions which are involved. Biopower has in fact largely become a constitutive function of neocapitalism, and must be examined as such.