GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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16:12 Jan 20, 2015 |
Dutch to English translations [PRO] Social Sciences - Social Science, Sociology, Ethics, etc. | |||||||
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| Selected response from: philgoddard United States | ||||||
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Summary of answers provided | ||||
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4 +5 | neoliberal |
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Discussion entries: 10 | |
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neoliberal Explanation: I agree that the meaning of "liberal" does differ in the US and Europe. I'm British, and when I came to the US I was surprised to see it being used as a term of abuse by Republicans who themselves, as you say, advocate liberal economics, hands-off government and minimal welfare provision. But the meaning of neoliberalism is the same on both sides of the Atlantic, and I think it's the only possible translation for your context. "Today the term neoliberalism is mostly used pejoratively as a general condemnation of economic liberalization policies, such as privatization, open markets, and deregulation. The transition of consensus towards neoliberal policies, and the acceptance of neoliberal economic theories in the 1970s is seen by some academics as the root of financialization with the Financial crisis of 2007–08 claimed to be one of the ultimate results. The American scholar and co-editor of the socialist magazine Monthly Review Robert W. McChesney defines neoliberalism as "capitalism with the gloves off". Reference: http://en.wikipedia.org/wiki/Neoliberalism |
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