It will be shown in the current chapter of this series that the so-called ‘neoliberalism’ is not mere special policies; rather, it is a qualitatively new phase of capitalism emerged in the course of history. Politically, the nation states have observed a transition from the so-called ‘welfare’ to the ‘neoliberal’ one on the basis of a fundamental change in the mode of capitalist production; and the very ‘policies’ are not mere choices of the governments but political compulsion of the bourgeois ‘state’ in this new episode. The aim of this chapter is particularly to elaborate the newly emerged mode of production that capitalism is presently exhibiting in the era of ‘neoliberalism’; and we term such new trend of economy as the ‘temporal mode of production’.