The term "neoliberalism" is used to describe a variety of movements away from state control or protection of the economy and toward corporate control of the market, particularly beginning in the 1970s.
As described by UC Berkeley economic historian and defender of neoliberalism Professor Brad DeLong, this "ism" has two main tenets:
"The first is that close economic contact between the industrial core of the capitalist world economy and the developing periphery is the best way to accelerate the transfer of technology which is the sine qua non for making poor economies rich (hence all barriers to international trade should be eliminated as fast as possible). The second is that governments in general lack the capacity to run large industrial and commercial enterprises. Hence, except for core missions of income distribution, public-good infrastructure, administration of justice, and a few others, governments should shrink and privatize."
"The first is that close economic contact between the industrial core of the capitalist world economy and the developing periphery is the best way to accelerate the transfer of technology which is the sine qua non for making poor economies rich (hence all barriers to international trade should be eliminated as fast as possible). The second is that governments in general lack the capacity to run large industrial and commercial enterprises. Hence, except for core missions of income distribution, public-good infrastructure, administration of justice, and a few others, governments should shrink and privatize."
by Kevirrrrooni October 2, 2006
Get the neoliberalism mug.Basically, a new word that comes into a language through creatively using that language. Borrowed words from other languages and dialects are not neologisms.
Ebonics: Ebony Phonics
Notice both ebony and phonics are 'english' words, these two words were creatively used to create a new english word.
Notice both ebony and phonics are 'english' words, these two words were creatively used to create a new english word.
by Dwayne December 4, 2003
Get the Neologism mug.Related Words
neoliberal
• neoliberalism
• neologism
• neolib
• neolojism
• neol
• neolithic
• Neola
• neolani
• neolistic
Urbandictionary is a collection of neologisms.
by DrIdiot January 13, 2006
Get the neologism mug.p1: do you wanna go get something to eat tomorrow?
p2: im converting to neoliberalism so i can’t eat until $TSLA is in the green again
p2: im converting to neoliberalism so i can’t eat until $TSLA is in the green again
by oxeeeeean June 15, 2021
Get the neoliberalism mug.r/neoliberal is one of the most rational, logical, polite online communities you'll ever find, and as a supporter of free speech it pleases me that Reddit would allow such a beautiful, booming hub of economic discussion, egalitarianism and calls for fostering of free democracy to exist.
Karl Marx: Hey I just read the r/neoliberal sidebar and now I completely regret writing all my evil commie books
by I have abandoned humanity UwU October 15, 2021
Get the r/neoliberal mug.an economic policy whereby the 1% make even more money through commodifying everything, selling off nature, privatizing inherently governmental activities, taking away your pension, and polluting non-stop
Both Republicans and Democrats subscribe to neoliberalism, which is why nothing changes from administration to administration.
by Señora Lluvia July 11, 2017
Get the neoliberalism mug.Actually a neologism, a neologist is one to creates neologisms. Technically, since the term 'neologist' is a 'neologism' it self-perpetuates simply by existing- or not, technically.
A neologist is one who makes up words
A neologist is one who makes up words
Neologist: "Then I told him to go worbunk himself, else I'd go get my argon beam and suptifly 30 hyrdrolargs of kensiom on his ass"
by regretsareawaste April 22, 2008
Get the neologist mug.