ELI5: Explain Like I'm 5

Neo-Capitalism

Neo-capitalism is a type of economic system that combines elements of traditional capitalism, like free markets and private ownership, with newer ideas that seek to address some of the problems caused by regular capitalism. It includes things like worker protections and environmental regulations that help keep people and the planet safe. In neo-capitalism, companies have to follow certain rules and regulations to make sure everyone is being treated fairly and that people and the planet are being taken care of.