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interventionism

interventionism

1 8.1
Government actions that change the economy to reach certain goals
  • noun
  • /ˌɪntərˈvɛnʃənɪzəm/
translation icon : intervencionismo
  • Critics argue that the rise of interventionism has led to an overreach of government authority in the marketplace.
  • state interventionism

And of course, Ludwig von Mises, his work on praxeology, money and credit, and his critiques of socialism and government interventionism.

Examples

  • To survive and grow in the long term, global capitalism will require both Keynesian interventionism and Schumpeterian liberalism.

    Academic text (2008)
  • The government's interventionism during the recession aimed to stabilize the economy and provide job support.

  • The BoI has faced some internal criticism recently over its interventionism.

    Blog text (11)
  • Today, the main instrument of confiscatory interventionism is taxation.

    Blog text (16)
  • Even for the relatively more liberal United States, the international edifice of the "open door" had to accommodate the domestic interventionism of the New Deal.

    Academic text (1994)
  • But from the beginning of the reform period, the objective was the transformation of a society based on state interventionism to one based on individual liberty and free markets.

    Academic text (2000)
  • The Schroeder/Merkel policy consists of a strange mixture of interventionism and laissez-faire.

    Blog text (17)
  • Whereas Shapiro and Batista demonstrate the benefits of state interventionism, Keith Rosenn underscores some of its costs.

    Academic text (1996)
  • According to the new diagnosis, low rates of investment and chronic inflation would be solved by reducing state interventionism and targeting the poorest groups for social expenditures.

    Academic text (1999)
  • For the East Central European post-Communist countries, it is temporarily more effective to rely on state interventionism as a substitute for rudimentary social institutions to create the institutions of democratic capitalism, regardless of whether they prefer shock therapy, as in Poland, or gradualism, as in Hungary.

    Academic text (1993)

Synonyms

greater etatism
vsinterventionism
  • Formal
9.9

More government control of the economy

is active intervention without necessarily the highest degree of control
policy of statism
vsinterventionism
9.9

Government control of industry and resources that limits private business

focuses on active intervention to influence outcomes rather than limiting all private activity

Antonyms

laissez-faire
  • Formal
7 8.7

Allowing businesses to operate with little government control

1 7.6

A policy of not getting involved in other countries' wars or politics

How Interventionist

centralism
1 7.5
interventionism
1 8.1
laissez-faire
  • Formal
7 8.7

Surface Forms

Morphology

interventionism = intervention (transparent) = intervention + ism

Formed by adding the productive suffix '-ism' to the noun 'intervention' to denote a policy, doctrine, or practice characterized by intervening, which is straightforward for learners.

Etymology

Interventionism comes from the parts inter- meaning 'between' and venire meaning 'to come', just like the verb intervene which means 'to come between'. So when used about the economy, interventionism is the idea of the government 'coming between' markets and people to change outcomes.