"Neoliberalism" is a new, strident form of liberalism that takes both economic and political principles of liberalism and presses for their immediate embrace by government.

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Neoliberalism is not simply a new or strident form of liberalism but rather a distinct ideology that emphasizes free-market capitalism, deregulation, and a reduction in government spending on social services. It emerged in the late 20th century, distinct from classical liberalism, focusing more on economic policies than on expanding individual political rights.

"Neoliberalism" Is a New, Strident Form of Liberalism That Takes