Neoliberalism – A modified form of liberalism tending to favor free-market capitalism.
Thom Hartmann – (The Thom Hartmann Program) An American radio and YouTube personality, author, businessman, and progressive political commentator.
Liberal (economics) — Economic liberalism is a system that believes economic decisions are best made by individuals. Any interference by institutions (like the government) is discouraged. It emphasizes that the economy and markets should be left alone to take care of themselves and do not require adjusting or changes.
Laissez-faire– A policy or attitude of letting things take their own course in the market and the economy.
Real wages—These are wages that are adjusted for inflation, on other words it is the amount of goods that can be bought. For example: You make twice what your parents used to make in wages but can only buy a quarter of what they could. This indicates that your real wages are not keeping up with inflation.
Worker productivity– Worker productivity is the amount of goods and services that a certain amount workers produce in a given amount of time.
Universal healthcare– Universal healthcare refers to universal coverage of healthcare to all citizens of a certain region or country.
Infrastructure —The basics structures needed to run a society, state or country (e.g. roads, buildings, power, bridges).
Little 2008 problem — The recession of 2007-2008 known largely as the 2008 financial crisis. This is considered by most economists as the most serious since the Great Depression of the 30’s
Entrepreneur — An entrepreneur is a person who operates a business and takes on a certain amount of financial risk to do it. Generally, they are looked upon in our society (US) as an uber human-being that is bigger, faster, stronger and better than other human-beings.
Gig economy— An economy where temporary positions are very common. This is usually in form of independent contractors and short-term employment. You might recognize this term as being one that refers to employment for musicians and their particular short-term work.
Free trade— Trade without the quotas, tariffs or other restrictions that might be put on it.
Deregulation— An economy devoid of interference by the government or other organizations. The theory behind this is that an economy without any regulation will have a plethora of competition, high employment, low prices and it will do all of this naturally.
Privatization— A business or property that once was owned publicly becomes owned privately. This is generally a hobby of neoliberals.
