In recent years, the term “neoliberalism” has reverberated across academia, Twitter, and major media outlets. It has increasingly become shorthand for describing and dismissing the centrist and corporatist bent of the Democratic Party, symbolized by Bill and Hillary Clinton. This popularization has also stretched it thin. Broadly, neoliberalism describes the theory of political economy that free markets and government austerity are the best way to create individual freedom and choice.
Source: Bill Clinton Did More To Sell Neoliberalism Than Milton Friedman | Portside