neoliberalism

/N IY0 OW0 L IH1 B ER0 AH0 L IH0 Z AH0 M/

noun

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.
syn:economic rationalism market liberalism
2
The ideology associated with the New Democrats and the Democratic Leadership Council.

Synonyms

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