neoliberalism
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60 sectionsContents
- Terminology
- Origins
- Current usage
- Early history
- Walter Lippmann Colloquium
- Mont Pelerin Society
- Post–World War II neoliberal currents
- Germany
- Latin America
- Chile
- Peru
- Argentina
- Mexico
- Brazil
- United Kingdom
- United States
- Asia-Pacific
- China
- Taiwan
- Japan
- South Korea
- India
- Australia
- New Zealand
- Middle East
- International organizations
- European Union
- Traditions
- Austrian School
- Chicago School
- Washington Consensus
- Geneva School
- Political policy aspects
- Economic and political freedom
- Free trade
- Monetarism
- Criticism
- Market fundamentalism
- Inequality
- Right-wing populism and nationalism
- Corporatocracy
- Mass incarceration
- Financialization
- Globalization
- Economic nationalism
- Imperialism
- Global health
- Environmental impact
- Religious opposition
- Political opposition
- Repression of worker's union
- See also
- References
- Sources
- Further reading
- Summaries and histories
- Criticisms
- Other academic articles
- External links
- Online lectures
Neoliberalism is a political and economic ideology that advocates for free-market capitalism, which became dominant in policy-making from the late 20th century onward. The term has multiple, competing definitions, and is most often used pejoratively. In scholarly use, the term is often left undefined or used to describe a multitude of phenomena. However, it is primarily employed to delineate the societal transformation resulting from market-based reforms.
Neoliberalism is often associated with a set of economic liberalization policies, including privatization, deregulation, depoliticisation, consumer choice, labor market flexibilization, economic globalization, free trade, monetarism, austerity, and reductions in government spending. These policies are designed to increase the role of the private sector in the economy and society. Additionally, the neoliberal project is oriented towards the establishment of institutions and is inherently political in nature, extending beyond mere economic considerations.