neoliberalism
Deregulation as doctrine
Neoliberalism is an economic and political philosophy that emphasizes free markets, deregulation, privatization, and reduced government intervention in the economy.
The term emerged in the mid-20th century but gained prominence in the 1980s with policies associated with Reagan and Thatcher.
In contemporary usage, neoliberalism is often deployed critically by those on the political left to characterize market-oriented policies they view as prioritizing corporate interests over social welfare.
Critics blame neoliberalism for rising inequality.
Private profit-based economy
- free-marketUnregulated private exchange
- laissez-faireNoninterference in commerce
- monetarismEconomic focus on currency regulation
- ReaganomicsSupply-side fiscal philosophy
Thatcherism · supply-side · libertarianism · trickle-down · individualism · self-interest · competition · meritocracy
Unequal distribution of resources
- austerityEnforced economic stringency
- precarityState of persistent vulnerability
- commodificationTransforming into sellable goods
- financializationCapital sector's economic dominance
exploitation · dispossession · enclosure · accumulation · deregulation · plutocracy · oligarchy · bailout
Removing governmental business restrictions
- corporatizationRestructuring as a corporation
- outsourcingThird-party task delegation
- sell-offRapid mass divestiture
- commercializationProfit-driven market introduction
divestiture · marketization · concession · utilities · telecommunications · railways · healthcare · education
Global economic assistance organization
- WTOGlobal commerce regulator
- multinationalOperating across multiple countries
- transnationalCrossing country lines
- NAFTAContinental free-commerce bloc
austerity · outsourcing · offshoring · export-oriented · conditionality · G20
Soviet transparency reform
- perestroikaSoviet reform initiative
- liberalizationReducing state economic controls
- democratizationTransition toward popular rule
- oligarchMember of small ruling class
Depending on oneself alone
- entrepreneurshipCreating and managing ventures
- autonomyIndependent decision-making capacity
- flexibilityAbility to adapt easily
- employabilityQualification for work
aspiration · self-improvement · resilience · freelance · credential · workfare
capitalism
Private profit-based economy
- free-marketUnregulated private exchange
- laissez-faireNoninterference in commerce
- monetarismEconomic focus on currency regulation
Reaganomics · Thatcherism · supply-side · libertarianism · trickle-down · individualism · self-interest · competition · meritocracy · austerity
inequality
Unequal distribution of resources
- austerityEnforced economic stringency
- precarityState of persistent vulnerability
- commodificationTransforming into sellable goods
financialization · exploitation · dispossession · enclosure · accumulation · deregulation · plutocracy · oligarchy · bailout · anti-globalization
deregulation
Removing governmental business restrictions
- corporatizationRestructuring as a corporation
- outsourcingThird-party task delegation
- sell-offRapid mass divestiture
commercialization · divestiture · marketization · concession · utilities · telecommunications · railways · healthcare · education · pension
IMF
Global economic assistance organization
- WTOGlobal commerce regulator
- multinationalOperating across multiple countries
- transnationalCrossing country lines
NAFTA · austerity · outsourcing · offshoring · export-oriented · conditionality · G20
glasnost
Soviet transparency reform
- perestroikaSoviet reform initiative
- liberalizationReducing state economic controls
- democratizationTransition toward popular rule
self-reliance
Depending on oneself alone
- entrepreneurshipCreating and managing ventures
- autonomyIndependent decision-making capacity
- flexibilityAbility to adapt easily
employability · aspiration · self-improvement · resilience · freelance · credential · workfare
- capitalismcapitalism, free market, free enterprise, private property, profit motive
- ismscapitalism, socialism, communism, anarchism, racism
- economic policymonetary policy, tax policy, fiscal discipline, fiscal stimulus, fiscal restraint
- globalizationglobalization, free trade, global village, global trade, multinationals
- modern economicsGDP, GDP growth, recession, inflation, interest rates
- political ideologiesconservatism, conservative, anarchism, libertarian, socialism
neoliberalismsocialism
Communal economic control
communism · Marxism · democratic socialism · Keynesianism · state socialism
neoliberalismstatism
Doctrine of governmental dominance
interventionism · dirigisme · big government · economic nationalism · central planning
neoliberalismprotectionism
Shielding local producers
economic nationalism · autarky · mercantilism · deglobalization · isolationism
liberal, liberalism, liberals, liberalize, neoliberal, neoliberals