Resolution Criteria

This market resolves based on the accurate definition of neoliberal economics. It will resolve to "True" if neoliberal economics is accurately characterized as state-run capitalism, and "False" if this characterization is inaccurate.

Background

Neoliberalism is an economic and political ideology that emerged in the late 20th century. Key principles of neoliberal economics include:

• Promotion of free markets and free trade

• Deregulation of economic activity

• Privatization of state-owned enterprises

• Reduction of government spending and intervention

• Support for fiscal austerity

• Protection of private property rights

Neoliberalism advocates for reducing the role of the state in economic affairs and transferring economic control from the public to the private sector. While neoliberal policies may involve some government intervention to establish and maintain markets, the core philosophy emphasizes minimizing state ownership and control of economic activities.

In contrast, "state-run capitalism" refers to economic systems where the government plays a dominant role in directing and controlling economic activity while maintaining some market mechanisms.