neoliberalism
noun/ˌniːəʊˈlɪbərəlɪzəm/
/ˌniːəʊˈlɪbərəlɪzəm/
[uncountable] (politics)- a type of liberalism that favours a global free market, without government regulation, with businesses and industry controlled and run for profit by private owners
- The economy has been reshaped by neoliberalism over recent decades.
Check pronunciation:
neoliberalism