Neoliberalism
Neoliberalism, also known as Liberalism, is a political and economic ideology that promotes free markets, limited government intervention, and individual liberty. It emerged in the late 20th century as a response to the perceived failures of traditional liberalism and the rise of state intervention in the economy. Neoliberalism advocates for deregulation, privatization, and globalization, with the belief that these policies will lead to economic growth and prosperity. However, critics argue that neoliberalism exacerbates inequality and undermines social welfare programs. Despite the controversies surrounding it, neoliberalism has had a significant impact on global politics and economics.