Sure. Encasement certainly doesn’t imply in service of humanistic values. But it’s a bit of a peculiar term to use for cementing the aggrandizement of, rather than constraining (for better or for worse) market logics.
I’d not want to conflate neoliberalism with social democracy, as I’m gently, perhaps unfairly, chiding @rajakorman.bsky.social for doing. Nor would I want to conflate it with fascist reaction to market logics.
How neoliberalism relates to market logics is distinct and specific, and not something I think usefully described or suggested by “encasement”. To me that suggests cabining or restraining, and that’s not the way neoliberalism distinguishes itself from libertarianism.