neoliberalism

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English

Etymology

From neo- +‎ liberalism.

Noun

neoliberalism (countable and uncountable, plural neoliberalisms)

  1. 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
  2. (US) The ideology associated with the New Democrats and the Democratic Leadership Council.

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