neo-liberalism

Neoliberalism is an economic and political approach that emphasizes free markets, limited government intervention, and individual choice. It advocates for reducing regulations, privatizing public services, and promoting free trade to encourage economic growth. Proponents believe that by allowing market forces to operate more freely, efficiency and innovation improve, which benefits society overall. Critics argue it can increase inequality and reduce public safety nets. Overall, neoliberalism aims to create a more open, competitive economy where enterprises operate with minimal government interference.