neoliberal
Free-market political stance
Neoliberal describes an economic and political philosophy emphasizing free markets, privatization, deregulation, and reduced government intervention.
The term emerged in the mid-20th century but gained prominence describing policies from the 1980s onward: neoliberal reforms, neoliberal economics.
Critics use it pejoratively for market-oriented policies they view as favoring corporations over people: The neoliberal agenda has gutted public services.
As a noun, a neoliberal is someone holding these views.
Private profit-based economy
- deregulationRemoving governmental business restrictions
- privatizationState sells public assets
- free-marketUnregulated private exchange
- laissez-faireNoninterference in commerce
Reaganomics · Thatcherism · supply-side · trickle-down · monetarism · libertarianism · neoconservatism · Hayek
Removing governmental business restrictions
- privatizationState sells public assets
- austerityEnforced economic stringency
- outsourcingThird-party task delegation
- workfareBenefits requiring labor
Unequal distribution of resources
- precarityState of persistent vulnerability
- commodificationTransforming into sellable goods
- financializationCapital sector's economic dominance
- exploitationSelfish use of others
dispossession · corporatism · plutocracy · oligarchy · rent-seeking · enclosure · austerity · predatory
Depending on oneself alone
- entrepreneurshipCreating and managing ventures
- meritocracyAdvancement through demonstrated ability
- self-improvementEnhancing oneself deliberately
- choiceAct of selecting
autonomy · aspiration · competition · self-made · bootstraps · empowerment · flexibility · adaptability
Global commerce regulator
- IMFGlobal economic assistance organization
- NAFTAContinental free-commerce bloc
- multinationalOperating across multiple countries
- transnationalCrossing country lines
capitalism
Private profit-based economy
- deregulationRemoving governmental business restrictions
- privatizationState sells public assets
- free-marketUnregulated private exchange
laissez-faire · Reaganomics · Thatcherism · supply-side · trickle-down · monetarism · libertarianism · neoconservatism · Hayek · Friedman
deregulation
Removing governmental business restrictions
- privatizationState sells public assets
- austerityEnforced economic stringency
- outsourcingThird-party task delegation
inequality
Unequal distribution of resources
- precarityState of persistent vulnerability
- commodificationTransforming into sellable goods
- financializationCapital sector's economic dominance
exploitation · dispossession · corporatism · plutocracy · oligarchy · rent-seeking · enclosure · austerity · predatory · extractive
self-reliance
Depending on oneself alone
- entrepreneurshipCreating and managing ventures
- meritocracyAdvancement through demonstrated ability
- self-improvementEnhancing oneself deliberately
choice · autonomy · aspiration · competition · self-made · bootstraps · empowerment · flexibility · adaptability · employability
WTO
Global commerce regulator
- IMFGlobal economic assistance organization
- NAFTAContinental free-commerce bloc
- multinationalOperating across multiple countries
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- politicalconservative, moderate, centrist, leftist, rightist
- economic policymonetary policy, tax policy, fiscal discipline, fiscal stimulus, fiscal restraint
- neo- wordsneoclassical, neolithic, neologism, neophyte, neoplasm
- Political Ideologistssocialist, communist, anarchist, Marxist, leftist
- political labelsconservative, leftist, rightist, moderate, centrist
neoliberalsocialist
Proponent of collective ownership
Marxist · communist · social democrat · Keynesian · statist
neoliberalconservative
Cautious about altering customs
paleoconservative · traditionalist · reactionary · populist · nationalist
neoliberalprotectionist
Favors limiting foreign trade
nationalist · isolationist · mercantilist · localist · deglobalization
- neoliberal reformsPro-market economic policy changes