Neoliberalism

Neoliberalism is an economic and political approach that emphasizes the importance of free markets, individual entrepreneurship, and limited government intervention. It advocates for deregulation, privatization of public services, and globalization, believing that these measures lead to economic growth and increased individual freedoms. In this context, it aligns with libertarianism, which champions personal liberty and minimal state involvement in both economics and personal lives. Critics argue that it can increase inequality and undermine public welfare, while proponents believe it fuels innovation and efficiency.