Neo-Liberal

Neoliberalism refers to a political-economic philosophy that has had major implications for government policies beginning in the 1970s and increasingly prominent since 1980– that de-emphasizes or rejects government intervention in the economy, focusing instead on structured free-market methods, and fewer restrictions on business operations and that the most important class of rights to expand are those of property enforcement, and of opening nations to entry by multinational corporations. In a broader sense it is used to describe the movement towards using the market to achieve a wide range of social ends previously filled by government. It is generally hostile to protectionism, social democracy and socialism. It is often at odds with fair trade and other movements that argue that labor rights and social justice should have a greater priority in international relations and economics. A stark contrast to the earlier entry.