neoliberal
/ˌniːoʊˈlɪbərəl/
adjective
- Relating to a political and economic idea that supports free markets, less government control, and privatization of public services.
- The new government introduced neoliberal policies to reduce taxes and open up trade.
- Many critics argue that neoliberal reforms have increased inequality in society.
- The university's economics department is known for its neoliberal approach to global development.
noun
- A person who supports or follows neoliberal political and economic ideas.
- The debate between a neoliberal and a socialist grew heated during the town hall meeting.
- As a committed neoliberal, she believes that private companies can run schools more efficiently.
- Neoliberals often argue that deregulation leads to innovation and growth.