neoliberalism

[ nee-oh-lib-er-uh-liz-uhm, -lib-ruh- ]

noun

1. a faction of the liberal political movement that strongly supports free-market capitalism as the means for societal and human progress.

neoliberalism

/ ˌniːəʊˈlɪbərəˌlɪzəm; -ˈlɪbrəˌlɪzəm /

noun

1. a modern politico-economic theory favouring free trade, privatization, minimal government intervention in business, reduced public expenditure on social services, etc

Derived Forms

• ˌneoˈliberal, adjectivenoun

Other Words From

• ne·o·lib·er·al adjective noun

Word History and Origins

Origin of neoliberalism¹

First recorded in 1895–1900; neo- + liberalism

Example Sentences

Since 1979, the dominant form of capitalism has been neoliberalism—a fiercely competitive, fiercely individualistic system of being, and that even animates the forms of activism that we have.

From Time

Bashar al-Assad favored the adoption of Western-promoted neoliberalism and economic liberalization.

From The Daily Beast

But when you do so, make sure to mutter the appropriate things about poverty, “the empire,” and the scourge of “neoliberalism.”

From The Daily Beast