[chrislo]

Since the 1990s the term has been consistently used in academia to imply the move from welfare state to laissez faire economic management, particularly associated with the promotion of free market ideals in the late 1980s by Margaret Thatcher in the UK and Ronald Reagan in the US.

https://simple.m.wikipedia.org/wiki/Neoliberalism

[simongray]

At least link to the proper page: https://en.wikipedia.org/wiki/Neoliberalism

[chrislo]

Simple Wikipedia has more "eli5" appropriate writing?

[simongray]

I would say that the entry you linked completely fails to explain anything and merely adds to the confusion.

[chrislo]

Fair enough. I think the sentence I quoted is a very good summary of what I understand the term to mean.