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I read alot on these threads how people here want to live in this type of system.
Think about all the consequences, like a porn store opening right across the street from your home, and decide if you still would want it.
"Laissez Faire" is French for "leave alone" which means that the government leaves the people alone regarding all economic activities. It is the separation of economy and state.
I wouldn't want to live in a Laissez Faire world where everything and anything goes. I also don't want to live in a far left liberal's communist/socialist utopia. I believe that government should provide minimum regulation to protect the public from fraud.
Last edited by Bostonian123; 02-19-2009 at 10:01 AM..
If government does not regulate corporations, then corporations will regulate the government. Which better represents the "average person," corporations or government? I voted "no."
Laissez Faire Capitalism is fine so long as the capitalist has a monopoly from the King. Otherwise some miserable price cutting competitor could show up and kill profits. Economists love the theory of pure capitalism. Businessmen and investors hate it and work very hard to limit access to markets to the self selected few as well as establishing concealed price controls.
Laissez Faire Capitalism has nothing to do with a porn store. That is zoning based on an emotional determination for good taste and acceptable behavior.
Laissez Faire-a doctrine opposing governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights.
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How you respond to this question can be a matter of how you understand or misunderstand what Laissez Faire is. Lets keep the common definition in mind. Laissez Faire dosen't mean you won't have laws and some regulations in place to prevent shady and abusive business practices. So Laissez Faire isn't "wild west" economics necessarily.
Laissez Faire isn't anarchy... its a non-intervention from the government to the trading between people... I haven't seen a government or system that was a TRUE laissez faire and strangely enough, the people who seem to "hate" the laissez faire system seem to think we already have it in the US... yet, here they are... apparently the "no's" are lying..
Myself as a minarchist, anarcho-geolibertarian, I still support the laissez-faire economic system.
It's too bad for me that it has never been practiced anywhere.
The world has never had such an anti-authoritarian environment to live in outside of unpopulated Antarctica and several pacific islands.
I guess I'll have to find me a warm tropical one.
I'll never understand how someone can implicitly trust the government and implicitly distrust corporations. Corporations are accountable to the almighty greenback, the government is accountable to special interests and slick political speeches, and has a monopoly on coercion. Don't like a product or certain business practices of a corporation? Organize against it. Boycott, run ad campaigns, hold rallies, etc. Don't like what the government is doing with your money? Tough. As long as candidates can promise enough fairytales to enough people (it doesn't matter if they actually follow through on their promises), they can maintain power. Are corporations fallible? Absolutely, which is why we must carefully find a happy medium of sensible government regulation somewhere between weak, toothless suggestions and stifling government predomination. As of late, I'd say the folks in Washington have gotten a little bit too big for their britches.
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