neoliberal

Definitions

A political and economic philosophy that advocates for free-market capitalism, deregulation, and the reduction of government spending.

A policy model that emphasizes the role of the private sector in the economy and promotes the privatization of state-owned enterprises.

Examples

The country's shift toward neoliberal economic policies led to the privatization of several state-owned industries.

Critics argue that neoliberal globalization has exacerbated wealth inequality in many developing nations.

Synonyms

laissez-faire capitalist free-market advocate pro-privatization deregulationist market-oriented

Antonyms

socialist interventionist protectionist collectivist anti-capitalist