neoliberal

UK: ˌniːəʊˈlɪbərəl | US: ˌniːoʊˈlɪbərəl

Definition

  1. adj. relating to a modern form of liberalism emphasizing free-market capitalism and minimal government intervention

  2. n. an advocate of neoliberal policies

Structure
neo <new, from Greek neos>liberal <free, from Latin liberalis>
Etymology

The term "neoliberal" combines the Greek prefix "neo-" (meaning "new") with "liberal," rooted in Latin "liberalis" (pertaining to freedom). It emerged in the mid-20th century to describe a revival of classical liberal economic principles, advocating deregulation, privatization, and globalization. The "neo-" prefix signals a modern reinterpretation of traditional liberal ideals, often contrasting with earlier welfare-state models.

Examples

  1. Neoliberal policies dominated global economics in the late 20th century.

  2. Critics argue that neoliberal reforms increase income inequality.

  3. The politician’s neoliberal agenda focused on reducing trade barriers.

  4. Many universities have adopted neoliberal management practices.

  5. Her research examines the cultural impacts of neoliberal globalization.