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Laissez-faire (/ ˌ l ɛ s eɪ ˈ f ɛər / LESS-ay-FAIR, 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 ).
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Faire may refer to: Laissez-faire, a French phrase meaning "let do, let go, let pass" Laissez Faire Books, libertarian bookseller; Maker Faire, event created by Make magazine; Heloise and the Savoir Faire, pop music group; How Weird Street Faire, street fair and electronic music festival in San Francisco
[A]t the center of classical liberal theory [in Europe] was the idea of laissez-faire. To the vast majority of American classical liberals, however, laissez-faire did not mean no government intervention at all. On the contrary, they were more than willing to see government provide tariffs, railroad subsidies, and internal improvements, all of ...
The Oxford English Dictionary (OED) considers libre to be obsolete, [2] but the word has come back into limited [a] use. Unlike gratis , libre appears in few English dictionaries, [ a ] although there is no other English single-word adjective signifying "liberty" exclusively, without also meaning "at no monetary cost".
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.
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 ...