neoliberalism
Noun

neoliberalism

  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
    hypo en
    Hypernyms: capitalism
  2. (US) The ideology associated with the New Democrats and the Democratic Leadership Council.
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