market fundamentalism
1
7.9
- noun
- /ˈmɑrkɪt ˌfʌndəˈmɛntəlɪzəm/
- Literature
:
fundamentalismo de mercado
- But we have years of evidence that disproves that belief, and progressives must start publicizing the absurdity of the right's claims about market fundamentalism and the right's denials about basic scientific theory.
Examples
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The past three decades have seen the ascendancy of free market fundamentalism, the idea that a "free market" is the best way to promote society's values.
Blog text (32) -
Many critics argue that market fundamentalism ignores the needs of the poor and vulnerable in society.
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But many, especially people working in the financial markets, pushed a type of "market fundamentalism."
Blog text (25) -
Friedman's market fundamentalism solution would be to allow anyone to practice medicine without a license, thus creating consumer "choice."
Blog text (32) -
One version of capitalism is characterized by free market fundamentalism, where consumers, workers, and families are on their own, and businesses do whatever they want, with little or no role for government.
Blog text (25) -
The rise of market fundamentalism has led to increased inequality and reduced government intervention in public services.
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Supporters of market fundamentalism believe that deregulation will foster innovation and economic growth.
How Pro-Market
- Literature
1
7.9
- Formal
7
8.7
Surface Forms
Morphology
The meaning is directly derivable from combining 'market' (commerce/markets) with 'fundamentalism' (rigid ideological commitment): it simply applies the notion of strict belief to the domain of markets. This X+fundamentalism compositional pattern is predictable and cross-linguistically common, so a B1 learner who knows both constituents should be able to infer the MWE's meaning.
Etymology
Market fundamentalism compares market with fundamentalism, so imagine people treating the free market like a religion and refusing any rules. That's why it means a strong belief that 'unregulated markets' are the best way to run society.