Todorov turns instead to neoliberalism, which he refers to as “a new phase in the evolution of liberalism” in opposition to totalitarianism. Ayn Rand (who, like Todorov, grew up in a communist country) he labels a “neoliberal propagandist.”
He argues that neoliberals “distance themselves from the laissez-faire of classical liberalism and advocate a form of state intervention that can speed up history, namely the systematic elimination of any barrier to competition.” Ultraliberalism is, he argues, yet another phase in this progression. Ultraliberal ideology opposes any intervention or controls by the state.
This sounds like Ayn Rand. It does not sound like liberalism, which, after all, came up with the United States Constitution, establishing an entirely unique system of government on the earth, full of controls via an intricate system of checks and balances.