neoliberalism

noun

1. 1

   A political ideology or ideological trend based on neoclassical economics that espouses economic liberalism, favouring trade liberalisation, financial deregulation, a small government, privatisation and liberalisation of government businesses, passive antitrust enforcement, accepting greater economic inequality and disfavouring unionisation.

2. 2

   The ideology associated with the New Democrats and the Democratic Leadership Council.