Meaning of turbocapitalism | Babel Free

Definitions

An accelerated form of capitalism that lacks measures to keep the system in equilibrium and prevent social unrest.

uncountable

Equivalents

Examples

“It was not until the end of the 1970s that today's roaring turbo-capitalism was unleashed by the abolition of anti-competition laws and regulations left over from the 1930s, by the technological innovations thus allowed, by the privatization of whatever could be privatized, and by the removal of most important barriers.”

“Instead, he [Barack Obama] and [Gordon] Brown stand together, supposedly the representatives of Anglo-American turbocapitalism, struggling to push the statist French and Germans—and this is the bit that was in nobody's script—leftward.”

“David Cameron has marched onto territory staked out by Ed Miliband by promising that there would be no return to the "turbo-capitalism" of recent decades.”

“As in China, nominally communist Vietnam has embraced brakes-off turbocapitalism, and the old dream of society has been picked clean.”

CEFR level