neo-capitalism

Noun

neocapitalism (uncountable)

1. A politico-economic theory that combines capitalism with political policies designed to address some of the social inequities of unconstrained capitalism.
   • Neocapitalism is a blend of expansive private enterprise, extensive social-welfare programs and selective government intervention-a syncretism of capitalism's proven methods with some of socialism's less extreme aims. It has already made doctrinaire Marxism outdated, changed many socialists into...1964 October 30, “Neocapitalism”, in Time, archived from the original on 02 Mar 2008