Neoliberalism is a theory of political economy that contends that free market capitalism is the best, and perhaps only justifiable, basis for political organization. Though often associated in the United States with neoconservativism and Republican Party politics, neoliberalism is a separate movement based in the pursuit of individual economic freedom through the protection of private property, the development of free markets, and the sharp limitation of state power. Since the economic crisis of the 1970s, neoliberalism has ...

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