NEOLIBERALISM

neoliberalism

(noun) a political orientation originating in the 1960s; blends liberal political views with an emphasis on economic growth

Source: WordNet® 3.1

Etymology

Noun

neoliberalism (countable and uncountable, plural neoliberalisms)

A political ideology or ideological trend based on neoclassical economics that espouses economic liberalism, favouring trade liberalisation, financial deregulation, a small government, privatisation and liberalisation of government businesses, passive antitrust enforcement, accepting greater economic inequality and disfavouring unionisation.

Synonyms: economic rationalism, market liberalism

Hyponyms: Reaganomics, Rogernomics, Thatcherism

Hypernym: capitalism

(US) The ideology associated with the New Democrats and the Democratic Leadership Council.

Source: Wiktionary

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