neoliberalism

Definitions

1. A political ideology or ideological trend based on neoclassical economics that espouses economic liberalism, favouring trade liberalisation, financial deregulation, a small government, privatisation and liberalisation of government businesses, passive antitrust enforcement, accepting greater economic inequality and disfavouring unionisation.
   countable, derogatory, often, uncountable
2. The ideology associated with the New Democrats and the Democratic Leadership Council.
   US, countable, uncountable

Equivalents

Examples

“The age of Obama was the last⟳ gasp of neoliberalism. Despite some progressive words and symbolic gestures, Obama chose to ignore⟳ Wall Street crimes, reject⟳ bailouts for homeowners, oversee⟳ growing inequality and facilitate war crimes like⟳ US drones killing innocent civilians abroad.”

CEFR level