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Laissez-faire (/ ˌ l ɛ s eɪ ˈ f ɛər / LESS-ay-FAIR; or / l ɑː ˌ s ɛ z ˈ f ɛ. j ə r /, from French: laissez faire [lɛse fɛːʁ] ⓘ, lit. ' let do ' ) is a type of economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies or regulations ).
As anarcho-capitalism puts laissez-faire economics before economic equality, it is commonly viewed as incompatible with the anti-capitalist and egalitarian tradition of anarchism. Although anarcho-capitalist theory implies the abolition of the state in favour of a fully laissez-faire economy, [157] it lies outside the tradition of anarchism.
Laissez-faire capitalism is a more extensive form of this free-market economy, but one in which the role of the state is limited to protecting property rights. In anarcho-capitalist theory, property rights are protected by private firms and market-generated law. According to anarcho-capitalists, this entails property rights without statutory ...
It's an inconvenient truth, to borrow a quote from Al Gore, but it's one that investors should heed, if they seek a U.S. economy capable of sustainable GDP growth and an investment stance that's ...
Rand applies her philosophy of Objectivism to the subject of politics. When Rand talks of capitalism, she means laissez-faire capitalism, in which there is a complete separation of state and economics "in the same way and for the same reasons as the separation of church and state."
Collective laissez faire is a term in legal and economic theory used to refer to the policy of a government to leave trade unions and employers free to collectively bargain with one another, with limited government intervention and oversight.
'It’s hard to put the genie back in the bottle' In all likelihood, retailers across the board will likely use this as an opportunity to start charge for returns.
Wikipedia:Laissez-faire is not particularly objectionable, provided that there is the requirement for editors to be able to back their edits up with reason. In the absence of that requirement, aside from creating clutter, it seems to justify vandalism and trolling that, so long as vandals and trolls create new articles, there ought to be ...