Neoliberalism

noun a political and economic policy advocating free markets, deregulation, privatization, and reduction in government spending

adjective relating to or characteristic of the policies associated with Margaret Thatcher, the former Prime Minister of the United Kingdom

• Thatcherism was a political ideology associated with British Prime Minister Margaret Thatcher.
• Some people still debate the impact of Thatcherism on the UK economy.
• I'm not a fan of that whole Thatcherism thing.
• The rise of individualism in society can be seen as a result of Thatcherism.