This work reinterprets Jacques Lacan’s notion of the subject supposed to know, taking into account the dominant ideological context in the West. In Lacanian psychoanalysis, this concept is closely related to transference in analysis: the subject of analysis projects knowledge onto the analyst, presupposing that the analyst has access to the [patient’s] unconscious. This presumption is tied to an imaginary (paranoid) form of knowledge, that is, an illusory one. Relying on these ideas, and on the phenomenology of everyday life in our current political reality, we conceptually transfer this notion from the field of intersubjectivity to the intrasubjective domain, treating it as an internalized model of subjectivity. In this way, we conceptualize a specific organization of subjectivity, prominently present in our ideological context (cultural, academic, etc.): the neoliberal subject supposed to know. Developed on the basis of (hyper)individualism, especially its imperative of epistemological superiority and autonomy, this model appears as a configuration composed of specific phantasies, ideas, and narratives that support the subject’s archaic omniscience – the early developmental phantasm of the all-knowing subject. Through a process of narcissistic identification, the neoliberal knowing subject internalizes this model and consequently perceives themself as a universal expert, an all-knowing individual. We explore the implications of this hypothesized identification, particularly the possible constitution of a "politically impotent subject", where impotence is rooted in the imaginary position the neoliberal subject occupies, as opposed to the symbolic. We also discuss how political crises amplify these processes and possible paths toward emancipation.