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
The aim of neoliberalism is, in Foucault's words, 'a state under the supervision of the market rather than a market supervised by the state.'
notable
5 years, 5 months ago