A political and economic ideology that advocates a free market, privatization, deregulation, and a lean state. It emphasizes individual freedom and entrepreneurial responsibility as central values of society.
example
Kritiker werfen dem Neoliberalismus vor, soziale Ungleichheit zu verstärken.
Critics accuse neoliberalism of increasing social inequality.
Usage tips
Word structure with 'Neo-'
The prefix 'Neo-' comes from Greek and means 'new'. 'Neoliberalismus' (neoliberalism) therefore refers to a renewed or modern form of liberalism.
EXAMPLE
Der Neoliberalismus entstand als Reaktion auf frühere Wirtschaftstheorien.
Neoliberalism emerged as a reaction to earlier economic theories.
Ending '-ismus'
The ending '-ismus' often marks a political, philosophical, or scientific doctrine or ideology. Words with this ending are always masculine (der) in German.
EXAMPLE
In der Debatte ging es um die Grundprinzipien des Neoliberalismus.
The debate was about the basic principles of neoliberalism.
Register and context
This word belongs to the technical language of politics and economics. You mainly find it in newspaper articles, academic texts, and political discussions.
EXAMPLE
In ihrem Vortrag analysierte die Professorin die Auswirkungen des Neoliberalismus.
In her lecture, the professor analyzed the effects of neoliberalism.
Compare with
antonym
Neoliberalismus vs Sozialismus
socialism
'Sozialismus' and 'Neoliberalismus' are often opposed to each other as political and economic ideas. 'Sozialismus' emphasizes collective ownership, social justice, and fair distribution. 'Neoliberalismus' emphasizes the free market, privatization, fewer state regulations, and individual responsibility. So the contrast is mainly about how large a role the state and the community should have in the economy. In political discussions, the words are often used to describe very different ideas of society.
Neoliberalismus
Tim liest einen Text darüber, wie der Neoliberalismus den freien Markt bewertet.
Tim reads a text about how neoliberalism views the free market.
Sozialismus
Im Seminar erklärt die Lehrerin, warum der Sozialismus gemeinschaftliches Eigentum wichtig findet.
In the seminar, the teacher explains why socialism considers collective ownership important.