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
While Labour were committed to ‘sharing the proceeds of growth’ more equitably than in the Thatcher and Major years, the process by which growth was to be achieved remained the same: the embedding of neoliberalism within government, society, and the economy.
notable
7 years, 1 month ago