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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 ).
laissez-faire lit. "let do"; often used within the context of economic policy or political philosophy, meaning leaving alone, or non-interference. The phrase is the shortcut of Laissez faire, laissez passer, a doctrine first supported by the Physiocrats in the 18th century.
The German neoliberals accepted the classical liberal notion that competition drives economic prosperity. However, they argued that a laissez-faire state policy stifles competition, as the strong devour the weak since monopolies and cartels could pose a threat to freedom of competition. They supported the creation of a well-developed legal ...
Created Date: 8/30/2012 4:52:52 PM
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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
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 ...
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