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This article seeks to contribute to the anthropological analysis of neoliberalism as a hegemonic project of capitalist social transformation through a close examination of the ideological legitimation of austerity‐driven public‐sector retrenchment in Serbia. It shows how long‐term continuities of political economy and public discourse create opportunities for market populist elites to sell neoliberalism as a moral project. Persistent structural conditions, especially scarcity of jobs, and an established popular discourse about the excessive and corrupt public sector provide a fertile soil for a moral ideology that justifies neoliberal policies as a redress to an immoral redistribution of societal resources.
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