The reason they still want it, I suspect, is a combination of being in denial about neoliberalism making things worse, and simply not caring as long as them and their friends stand to financially benefit.This is what I don't understand about neo-liberal economics.
If you privatise everything, freeze wages, take away workers power and entitlements, gut social safety nets and hand all the money saved to the already wealthy you end up with what we have now. A large and growing larger underclass. Homelessness is becoming a real problem, people can't afford housing, let alone all the other basics.
As a result crime, drug use, violence, health outcomes, all the bad stuff is on the rise and the problems cost way more to fix than if you'd not engineered the problems in the first place.
And yet we still have idiots in the current government wanting more of it.