LIQUIDATIONISM

Etymology

Noun

liquidationism (uncountable)

(politics, Marxism) In Marxist theory, the ideological liquidation (negation) of the revolutionary party program or the hierarchical leadership by party members.

(economics, libertarianism) The belief that no actions to mitigate the effects of recessions should be taken by the government or the central bank, since the liquidation of struggling companies is a solution in itself.

Source: Wiktionary

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