neoliberals
Deregulation's modern champions
Neoliberals are proponents of neoliberalism—a political and economic philosophy favoring free markets, deregulation, privatization, and reduced government intervention.
The term is rarely self-applied; it's typically used by critics on the left to characterize those they see as prioritizing market solutions over social welfare: Neoliberals pushed for austerity measures during the recession.
In casual political discourse, it often functions as a pejorative for centrist or establishment figures deemed insufficiently progressive.
Unregulated private exchange
- privatizationState sells public assets
- deregulationRemoving governmental business restrictions
- individualismDoctrine of personal independence
- laissez-faireNoninterference in commerce
Hayek · Friedman · libertarianism · self-interest · trickle-down · meritocracy · competition · efficiency
State sells public assets
- deregulationRemoving governmental business restrictions
- austerityEnforced economic stringency
- IMFGlobal economic assistance organization
- WTOGlobal commerce regulator
Influential free-market economist
- HayekAustrian free-market economist
- PinochetChilean military autocrat
- ReaganAmerican presidential surname
- ThatcherStraw roof maker
Clinton · Blair · Greenspan · Summers · Rubin · technocrats · centrists · think-tanks
Unequal distribution of resources
- corporatismState-group policy collaboration
- plutocracyRule by the rich
- commodificationTransforming into sellable goods
- financializationCapital sector's economic dominance
precarity · erosion · exploitation · kleptocracy · oligarchy · rentier · cronyism · enclosure
Moving work overseas
- liberalizationReducing state economic controls
- DavosSwiss economic summit site
- transnationalCrossing country lines
- GATTTariff-reducing treaty acronym
free-market
Unregulated private exchange
- privatizationState sells public assets
- deregulationRemoving governmental business restrictions
- individualismDoctrine of personal independence
laissez-faire · Hayek · Friedman · libertarianism · self-interest · trickle-down · meritocracy · competition · efficiency · austerity
privatization
State sells public assets
- deregulationRemoving governmental business restrictions
- austerityEnforced economic stringency
- IMFGlobal economic assistance organization
WTO · NAFTA · outsourcing · corporatization · conditionality
Friedman
Influential free-market economist
- HayekAustrian free-market economist
- PinochetChilean military autocrat
- ReaganAmerican presidential surname
Thatcher · Clinton · Blair · Greenspan · Summers · Rubin · technocrats · centrists · think-tanks
inequality
Unequal distribution of resources
- corporatismState-group policy collaboration
- plutocracyRule by the rich
- commodificationTransforming into sellable goods
financialization · precarity · erosion · exploitation · kleptocracy · oligarchy · rentier · cronyism · enclosure
offshoring
Moving work overseas
- liberalizationReducing state economic controls
- DavosSwiss economic summit site
- transnationalCrossing country lines
- Political Factionsconservatives, Republicans, right wing, far right, hard right
- Political Groupsfaction, Republican Party, caucus, Democratic Party, wing
- free marketersAdam Smith, Milton Friedman, Ayn Rand, free traders, laissez-faire
- Chicago EconomistsMilton Friedman
neoliberalssocialists
Advocates of shared ownership
communists · Marxists · statists · collectivists · anti-capitalists
neoliberalsprotectionists
Advocates for trade barriers
mercantilists · isolationists · anti-globalists · Brexiteers
neoliberalscommunists
Collective ownership advocates
Marxists · anti-capitalists · anarcho-communists · Leninists · Maoists
- neoliberal reformsPro-market economic policy changes