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== <span style="color: #FFFFFF;">Remembering</span> == * '''Neoliberalism''' β A 20th-century resurgence of 19th-century ideas associated with laissez-faire economic liberalism and free-market capitalism. * '''Privatization''' β Selling "State-owned" assets (like Water, Electricity, or Prisons) to private companies. * '''Deregulation''' β Removing "Red Tape" and government rules from businesses so they can compete faster. * '''Free Trade''' β The removal of "Taxes" (Tariffs) on goods moving between countries (e.g., NAFTA). * '''Austerity''' β Cutting government spending on "Social Services" (Schools, Healthcare) to pay off national debt. * '''The Washington Consensus''' β A set of 10 economic policy prescriptions considered the "Standard" reform package for developing countries. * '''Friedrich Hayek''' β The philosopher who wrote "The Road to Serfdom," arguing that even a little government planning leads to "Tyranny." * '''Milton Friedman''' β The economist who argued that "Inflation is always a monetary phenomenon" and that the government should only control the "Money Supply." * '''Margaret Thatcher''' β The UK Prime Minister who famously said, "There is no such thing as society," only individuals and families. * '''Ronald Reagan''' β The US President whose "Reaganomics" focused on tax cuts for the rich and the "Trickle-Down" theory. </div> <div style="background-color: #006400; color: #FFFFFF; padding: 20px; border-radius: 8px; margin-bottom: 15px;">
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