When market outcomes are constitutionally insulated from revision, as in neo-liberal frameworks, democratic will-formation is reduced to ratifying pre-determined economic arrangements.

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Constitutionally insulated(as used in political theory): Protected by fundamental laws or rules so that something cannot be easily changed or questioned, like how a constitution shields certain rights from being overturned.
Democratic will-formation(as used in democratic theory): The process by which ordinary citizens come together, discuss, and develop shared decisions about what they want their society to do.
Market outcomes(as the results that institutions might try to correct): The results and prices that happen naturally when people freely buy and sell goods and services without government interference.
Neo-liberal frameworks(as used in political and economic philosophy): Modern economic and political systems that strongly favor free markets, private business, and less government regulation, based on the idea that markets work best when left alone.

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