I spotted that phrase on this site here, and filed it away mentally.
"False economy" seems to me to strike at slash cateogorize neo-liberalism in several useful ways:
1) The "economies" they purport implement do not, net net, save money. All they do is transfer money from service provision to rent-seeking administrators and rentiers generally;
2) Their model of the economy is false.
3) Their false model of the economy also encourages other falsehoods, like accounting control fraud. They have created a "false economy," an economy of falsehood, for us to live in.
4) Financialization is also a "false economy" of brokers and shysters, completely unproductive, grifters on the take.
Not a very well thought out post, I am afraid, but I just thought I'd run the phrase up the flagpole to see if anybody saluted.
I think it has potential. Note that #1 relates very directly to people's experience with crapified products and services.