'Laissez-faire' economic policy |
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'Laissez-faire' economic policy |
*CrackedRearView* |
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For any of you folks in high school that haven't reached United States History class yet, the term 'laissez-faire' is French for "Let us alone!"
The history behind it dates back to French oppression. A minister of state once asked what France could do to encourage and support commerce, and a frustrated manufacturer replied, "Laissez-nous faire!" In essence, today's 'laissez-faire' economic strategy is this: a) Separation of business and state, similar to separation of church and state. b) Non-facilitation of the formation of trusts, by which an individual or a committee gains hegemony in an economic sector (this only happens when regulated government charters are ordered). The unregulated trust was 'busted' by Teddy Roosevelt, the 'Trust Buster'. c) Promotes and rewards competition, especially in banking (destruction of the Federalists' ideas of a national bank, or Bank of the United States). d) Directly refutes Marx and Engels' strategy as pointed out in the Communist Manifesto concerning the centralization of banks. e) Those who are most productive are rewarded, and the greater an individual's ability, the greater the likelihood that he will be trusted and respected by others in the marketplace. THE DEBATE: As it has played out in the last century, Republicans champion 'laissez-faire' economics, pushing for less governmental influence, whereas Democrats seem to push for more centralization and governmental economic reform. I'm certain that on this forum there are at least three times as many Democrats as Republicans, and probably twice as many neo-Socialists as Republicans, so please, make my day. Tell me why this system of economics is surpassed by the economic strategy of government centralization. |
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#2
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![]() WWMD?! - i am from the age of BM 2 ![]() ![]() ![]() ![]() ![]() ![]() ![]() Group: Member Posts: 5,308 Joined: Mar 2004 Member No: 8,848 ![]() |
QUOTE I'm certain that on this forum there are at least three times as many Democrats as Republicans i dunno about that. maybe just more democrats than you're used to..but i've seen a hecka lot of republicans. ![]() and i don't support lassiez-faire. i think it's better for smaller businesses to have a chance to be largely successful. i'm more for the minority than the majority. |
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*kryogenix* |
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#3
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QUOTE(touch my monkey @ Jun 18 2005, 3:40 PM) so you're against democracy? as for my position, I agree that laissez-faire cannot work. if the government won't exercise some control over the economy, big business *cough*microsoft*coft* will use its leverage to gain a monopoly, which destroys competition, which means that business has control over that section of the economy. |
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*CrackedRearView* |
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#4
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QUOTE(kryogenix @ Jun 20 2005, 7:11 PM) so you're against democracy? as for my position, I agree that laissez-faire cannot work. if the government won't exercise some control over the economy, big business *cough*microsoft*coft* will use its leverage to gain a monopoly, which destroys competition, which means that business has control over that section of the economy. All of which has been avoided ever since the first Roosevelt's presidency. |
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