neoliberalism

From neo- +‎ liberalism.

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

   Hypernym: capitalism

   Hyponyms: Reaganomics, Rogernomics, Thatcherism

   • 2016 November 17, Cornel West, “Goodbye, American neoliberalism. A new era is here”, in The Guardian‎:

     The age of Obama was the last gasp of neoliberalism. Despite some progressive words and symbolic gestures, Obama chose to ignore Wall Street crimes, reject bailouts for homeowners, oversee growing inequality and facilitate war crimes like US drones killing innocent civilians abroad.

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

• neoliberalism on Wikipedia.Wikipedia

Borrowed from French néolibéralisme. By surface analysis, neo- +‎ liberalism or neoliberal +‎ -ism.

neoliberalism n (uncountable)

1. neoliberalism

• neoliberal