My feeling is that "neoliberalism" is a term with a greater degree of academic formality behind it, as well as consensus in terms of definition. I don't think i

My feeling is that "neoliberalism" is a term with a greater degree of academic formality behind it, as well as consensus in terms of definition. I don't think it was originally pejorative, although it has come to be used as an insult, in the same way "Boomer" has. The term "Cultural Marxists" is probably pejorative to those it targets, although I've seen its use as a shorthand for a collection of ideas the right finds disagreeable, rather than a pejorative. It's a term that feels self-describing and immediately obvious to those who use it, but it does not have an academic foundation like "neoliberal" does. And its definition has varied over time, which is the cause of the current lack of consensus on what it refers to. As a result, each political side I think uses the definition that most favors their own ideological bias.