Neoliberalism - Meaning, Definition & English Examples
Neoliberalism is an economic ideology that promotes free markets, limited government intervention, and privatization. It emphasizes individual responsibility and global trade, often influencing policies worldwide.
Definition:
A political ideology favoring free-market capitalism, deregulation, and reduced government spending.
Synonyms:
market liberalism, economic liberalism, laissez-faire capitalism
Part of Speech:
noun
Antonyms:
socialism, protectionism
Common Collocations:
neoliberal policies, neoliberal reforms, neoliberal agenda, global neoliberalism
Derivatives:
neoliberal, neoliberally
Usage Tips:
Use "neoliberalism" to describe economic policies emphasizing privatization and free trade; avoid conflating it with general liberalism.
Common Phrases:
rise of neoliberalism, critique of neoliberalism, neoliberal globalization
Etymology:
Derived from "neo-" (new) + "liberalism," referring to a revival of classical liberal economic principles in the late 20th century.
Examples:
- 1. Neoliberalism promotes privatization and deregulation in economies worldwide.
- 2. Critics argue neoliberalism increases inequality by favoring corporations over workers.
- 3. Many governments adopted neoliberal policies in the 1980s and 1990s.
- 4. Neoliberalism emphasizes individual responsibility over state welfare programs.