Meaning & use

neo-liberal

adjective, noun·Advanced

Last updated

UK/ˌniːəʊ ˈlɪbərəl/
US/ˌniːoʊ ˈlɪbərəl/

Meanings

  1. adjectivebefore a noun

    Supporting a set of policies that favor free markets, private business, and less government control of the economy.

    Grammar: Usually comes before a noun, as in 'neo-liberal policies'. Can also be used after a linking verb: 'The reforms are neo-liberal.'

    Patterns

    • neo-liberal policies
    • neo-liberal reforms
    • neo-liberal economics

    The government introduced neo-liberal reforms to reduce public spending.

    Many economists argue that neo-liberal policies have widened the gap between rich and poor.

    Her book criticizes the neo-liberal approach to healthcare.

  2. nouncountable

    A person who supports free-market policies and reduced government involvement in the economy.

    Grammar: Countable: one neo-liberal, two neo-liberals. Often used in political discussions.

    Patterns

    • a neo-liberal
    • neo-liberals argue
    • support from neo-liberals

    She is a neo-liberal who believes that competition improves public services.

    Neo-liberals often call for lower taxes and less regulation.

    The party has moved to the right, attracting many neo-liberals.

Word forms

pluralneo-liberals

Common combinations

neo-liberal policies
The neo-liberal policies of the 1980s changed the country's economy.
neo-liberal agenda
Critics say the neo-liberal agenda puts profits before people.
neo-liberal economics
He teaches a course on neo-liberal economics.
neo-liberal reforms
The protests were against neo-liberal reforms in education.
neo-liberal ideology
The party's neo-liberal ideology appeals to business owners.

Synonyms and how they differ

free-market
Focuses on the market mechanism itself; neo-liberal is broader and often implies a political program with less government.
laissez-faire
Describes minimal government intervention; neo-liberal is a modern term that also includes privatization and deregulation.
market-oriented
A neutral description; neo-liberal often carries a critical or political tone.

Opposites

Word family

neoliberalism noun
The political and economic theory behind neo-liberal policies.
neoliberalize verb
To make something follow neo-liberal principles, such as an industry.

Commonly confused: neo-liberal or liberal?

neo-liberal vs liberal

In politics, 'liberal' often means open to change and government action, while 'neo-liberal' means favoring free markets and less government.

Practice

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