a slogan refering to globalization popularised by Margaret Thatcher; means that the market economy is the only system that works, and that debate about this is over
Now that neoliberalism has conquered its old enemies and won its world wars, its adherents have transformed from radical pioneers into conservative defenders of the status quo. “There is no alternative” sounds less like the battle cry of uncompromising reformers and more like the plea of an embattled caste.