neoliberalism
(en)
the postulate that markets are organised most effectively by private enterprise and that the private pursuit of accumulation will generate the most common good; accomplished by opening international markets and financial networks, and downsizing the welfare state
As individuals become poorer through the shrinkage of their salaries and the removal of social provision, neoliberalism offers them compensation through debt and by the promotion of shareholding.
notable
6 years, 8 months ago