Liberalism vs. Neoliberalism

Liberalismnoun

The quality of being liberal.

Liberalismnoun

(politics) Any political movement founded on the autonomy and personal freedom of the individual, progress and reform, and government by law with the consent of the governed.

Liberalismnoun

(economics) An economic ideology in favour of laissez faire and the free market (related to economic liberalism).

Liberalismnoun

Liberal principles; the principles and methods of the liberals in politics or religion; specifically, the principles of the Liberal party.

Liberalismnoun

a political orientation that favors progress and reform

Liberalismnoun

an economic theory advocating free competition and a self-regulating market and the gold standard

Liberalism

Liberalism is a political and moral philosophy based on liberty, consent of the governed and equality before the law. Liberals espouse a wide array of views depending on their understanding of these principles, but they generally support individual rights (including civil rights and human rights), democracy, secularism, freedom of speech, freedom of the press, freedom of religion and a market economy.

Neoliberalismnoun

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.

Neoliberalismnoun

(US) The ideology associated with the New Democrats and the Democratic Leadership Council.

Neoliberalismnoun

A political orientation originating in the 1960s, blending liberal political views with an emphasis on economic growth.

Neoliberalismnoun

a political orientation originating in the 1960s; blends liberal political views with an emphasis on economic growth

Neoliberalism

Neoliberalism (or neo-liberalism) is a term used to describe the 20th-century resurgence of 19th-century ideas associated with economic liberalism and free-market capitalism. It is generally associated with policies of economic liberalization, including privatization, deregulation, globalization, free trade, austerity and reductions in government spending in order to increase the role of the private sector in the economy and society; however, the defining features of neoliberalism in both thought and practice have been the subject of substantial scholarly debate.