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- If liberalism names the political ideology aligned to the historical emergence of “free market” capitalism and Western-style representative democracy, neoliberalism signifies a particular regime of liberalism, capitalism, and democracy that has been globalized since the 1970s, in the form of an active state promotion of market and competition principles that critics see as antithetical to democracy.
oxfordre.com/communication/display/10.1093/acrefore/9780190228613.001.0001/acrefore-9780190228613-e-176Liberalism and Neoliberalism | Oxford Research Encyclopedia ...
While capitalism emphasizes free markets and individualism, neoliberalism builds upon these principles with a focus on limited government intervention and free trade. Both systems have their strengths and weaknesses, and their impacts on society and the economy are subject to ongoing debate.
Jun 9, 2021 · Though not all scholars agree on the meaning of the term, “neoliberalism” is now generally thought to label the philosophical view that a society’s political and economic institutions should be robustly liberal and capitalist, but supplemented by a constitutionally limited democracy and a modest welfare state.
Oct 25, 2023 · This article has argued that, if proxied by indexes of economic freedom, neoliberalism tends to be associated with economic growth and rising incomes across broad social classes, not solely the rich (or those living in the developed world). Furthermore, the relationship between neoliberalism and inequality is mixed, not simply positive.
- Tibor Rutar
3 days ago · neoliberalism, ideology and policy model that emphasizes the value of free market competition. Although there is considerable debate as to the defining features of neoliberal thought and practice, it is most commonly associated with laissez-faire economics.
Jan 2, 2019 · Capitalism and neoliberalism are widely critiqued in social work. Neoliberalism in particular is considered a problematic form of economic and social philosophy that is detrimental to human and ecological well-being and leads to the dismantling of social welfare.
- Lynelle Watts, David Hodgson
- 2019
Mar 21, 2015 · As such, the main difference between economic neoliberalism and other forms of liberal theory is that where the more moderate forms of economic liberalism would be likely to support privatization, economic neoliberalism necessitates it regardless of situational variations.
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‘Neoliberalism’ is a widely used term that travelled from economic philosophy into policymaking, and from policymaking into critical social scientific discourse in the late twentieth century. It refers to a form of capitalism ascendant since the 1970s but informed by post-war economic philosophical ideas.
