I myself know very well what the technical meaning of the term is, no thanks to your unasked for condescension. My remark was clearly about it's meaning in comm

I myself know very well what the technical meaning of the term is, no thanks to your unasked for condescension. My remark was clearly about it's meaning in common usage (in the last few decades btw, not just "last year"). Also, even within the social sciences the word is clearly ill-defined and thus of limited value. The situation might be better if the socialist propagandists had been as keen on explaining the concept as they have clearly been on maligning the term. Which is kind of informative in itself, as it was meant to be a compromise solution between laissez faire and socialism, which led to some more principled classical liberals to distance themselves from the idea.