macdonaldism

/M AH0 K D AA1 N AA1 L D IH1 Z AH0 M/

noun

1
(chiefly UK) The centrist political policies of Ramsay MacDonald, especially after his split with the Labour Party in 1931.
2
(chiefly Canada) The policies recommended by the Macdonald Commission, especially the neoliberal economic policies and emphasis on free trade.

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