liquidationism

Meaning

Noun

• In Marxist theory, the ideological liquidation (negation) of the revolutionary party program or the hierarchical leadership by party members.
• The belief that no actions to mitigate the effects of recessions should be taken by the government or the central bank, since the liquidation of struggling companies is a solution in itself.

Origin

• From liquidation + -ism, , possibly via German. First attested in 1919.