neoliberalism

neoliberalism

[nee-oh-lib-er-uh-liz-uhm, -lib-ruh-]
noun
an outgrowth of the U.S. liberal movement, beginning in the late 1960s, that modified somewhat its traditional endorsement of all trade unions and opposition to big business and military buildup.

Origin:
neo- + liberal + -ism

neoliberal, adjective, noun
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World English Dictionary
neoliberalism (ˌniːəʊˈlɪbərəˌlɪzəm, -ˈlɪbrəˌlɪzəm)
 
n
a modern politico-economic theory favouring free trade, privatization, minimal government intervention in business, reduced public expenditure on social services, etc
 
neo'liberal
 
adj, —n

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