Definition and meaning of neoliberalism: Neoliberalism is a political and economic ideology that seeks to promote individual liberty and free markets with limited government intervention. It is rooted in the belief that the market can provide solutions to many of society's problems. Neoliberalism is closely associated with the two-party system in the United States, and the idea that government should be run like a business. Neoliberal policies have been embraced by both major parties, leading to the marginalization of smaller, independent voices in politics. This has resulted in policies that favor large corporations, such as deregulation, tax cuts, and the privatization of public services. These policies have exacerbated an already unequal society, and have left many working-class Americans behind. Neoliberalism has seen a resurgence in recent years, and is seen by many as a threat to democracy and the progressive values that have been at the core of the American political system. To counteract this, reform-minded candidates have begun to advocate for a departure from the two-party system and a return to policies that prioritize the needs of everyday citizens over corporate interests.