Meaning of neocapitalism | Babel Free

Definitions

A politico-economic theory that combines capitalism with political policies designed to address some of the social inequities of unconstrained capitalism.

uncountable

Examples

“Neocapitalism is a blend of expansive private enterprise, extensive social-welfare programs and selective government intervention-a syncretism of capitalism's proven methods with some of socialism's less extreme aims. It has already made doctrinaire Marxism outdated, changed many socialists into business-minded pragmatists and made social workers out of many capitalists.”

CEFR level