"Neoliberalism." At its root, it's the belief when national and international institutions support free trade — of goods, ideas, and capital — it'll lead to prosperity. This ideology started in the 1930s, but hit its stride in the 1970s.
Lately, "neoliberalism" has become a loaded term. Some say neoliberalism has made the world more free and interconnected. Others argue neoliberalism has done a lot of damage, like exacerbating inequality.
Today on the show, we ask: what does "neoliberalism" really mean?
Music: "Benny's Zoot Suit", "Alright Alright".
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