long-termism

American  

[lawng-ter-miz-uhm, long-] / ˌlɔŋˈtɛr mɪz əm, ˌlɒŋ- /

Or longtermism

noun

1. a stance or policy that prioritizes the distant future rather than the near future.

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long-termism British  

noun

1. the tendency to focus attention on long-term gains

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Other Word Forms

• long-termist adjective
• longtermist adjective

Etymology

Origin of long-termism

First recorded in 1985–90; long-term ( def. ) + -ism ( def. )

Example Sentences

One of things I admire so much about Germany is its particular brand of pragmatic long-termism, which sets it apart from its Anglo-Saxon peers.

From Salon

Some say it is his take on long-termism - a philosophy favoured by some very rich people which seeks to act in the interests of billions of people in the far future, rather than focusing on the immediate needs of the present.

From BBC

Some analysts have suggested Mr Haldane's chances - who has been unusually outspoken in highlighting the negative economic impact of inequality, the dwindling power of unions and the need for more long-termism in businesses in recent years - would be higher under a future Labour administration.

From BBC

“While we have decided to end our work together, IEX continues to support LTSE’s mission and focus on long-termism in the market,” spokesman Gerald Lam said.

From The Wall Street Journal

The most common alternative to long-termism is to try to identify “mega-trends” and build a strategy around them.

From Economist