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What is liquidationism?

What is liquidationism? Here are some definitions.

Noun
  1. (politics) In Marxist theory, the ideological liquidation (negation) of the revolutionary party program by party members.
  2. (economics) 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.
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