Neoliberalism

The movement towards laissez-faire economics, primarily in relation to the 20th Century adoption of 19th Century ideas. Neoliberalism is often concerned with the creation and preservation of free markets, privatization of public services and assets and deregulation of the private sector.

= Etymology = Liberalism refers to the freedom of corporations to conduct business or the free market. The Neo- prefix refers to the later re-adoption of the ideals in the 20th Century.