In English, the term is somewhat more humane Liberal than that of market economy and cynical neoliberalism. Liberal values, according to The Economist, are about protecting the individual's freedom and respect, common good and working for "open markets and a limited state apparatus".
The Manifesto regrets that over the past 25 years such values have had to give way to populism, pessimism, hierarchies of power and elitism.
This is confirmed in books like The Retreat of Western Liberalism og Has the West Lost It? and articles like "Is Democracy Dying" and "What's Killing Liberalism?»(Foreign Affairs / Atlantic). Throughout the past six months, The Economist has looked more closely at liberal values, even where liberals have failed. They remind us that 1800th century liberals were really radical, in the sense of getting to the root of societal problems and really being able to tackle the needy. . .