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'Laissez-faire' economic policy
*CrackedRearView*
post Jun 17 2005, 06:38 PM
Post #1





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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.
 

Posts in this topic
CrackedRearView   'Laissez-faire' economic policy   Jun 17 2005, 06:38 PM
not_your_average   I agree with Laissez-Faire economics to an extent....   Jun 17 2005, 10:52 PM
sadolakced acid   hmmm... laissez-faire is inherintly evil. it...   Jun 17 2005, 11:32 PM
CrackedRearView   I absolutely agree with you, Acid. But the United...   Jun 18 2005, 12:10 AM
strice   cracked, would you mind clarifying your position? ...   Jun 18 2005, 01:04 AM
CrackedRearView   laissez faire doesn't work just the same as co...   Jun 18 2005, 05:01 AM
not_your_average   What I want to know is why some people would prefe...   Jun 18 2005, 03:04 PM
CrackedRearView   QUOTE(not_your_average @ Jun 18 2005, 2:04 PM...   Jun 18 2005, 08:39 PM
sadolakced acid   QUOTE(CrackedRearView @ Jun 18 2005, 8:39 PM)...   Jun 18 2005, 09:15 PM
not_your_average   QUOTE(CrackedRearView @ Jun 18 2005, 8:39 PM)...   Jun 19 2005, 12:31 PM
CrackedRearView   QUOTE(not_your_average @ Jun 19 2005, 11:31 A...   Jun 19 2005, 09:32 PM
sammi rules you   QUOTEI'm certain that on this forum there are ...   Jun 18 2005, 03:40 PM
kryogenix   QUOTE(touch my monkey @ Jun 18 2005, 3:40 PM)...   Jun 20 2005, 08:11 PM
CrackedRearView   QUOTE(kryogenix @ Jun 20 2005, 7:11 PM)so you...   Jun 21 2005, 12:54 PM
mipadi   QUOTE(CrackedRearView @ Jun 21 2005, 1:54 PM)...   Jun 21 2005, 01:54 PM
CrackedRearView   QUOTE(mipadi @ Jun 21 2005, 12:54 PM)Really? ...   Jun 21 2005, 07:38 PM
kryogenix   QUOTE(CrackedRearView @ Jun 21 2005, 7:38 PM)...   Jun 21 2005, 08:30 PM
mipadi   QUOTE(CrackedRearView @ Jun 21 2005, 8:38 PM)...   Jun 24 2005, 09:52 AM
sammi rules you   well justin, i wouldn't say cuba's so well...   Jun 19 2005, 11:31 AM
mona lisa   ^Cuba isn't doing that bad (not that well eith...   Jun 19 2005, 11:42 AM
not_your_average   The government has laws that keep big corporations...   Jun 20 2005, 02:05 PM
sammi rules you   or boeing?   Jun 21 2005, 04:07 PM
kryogenix   QUOTE(touch my monkey @ Jun 21 2005, 4:07 PM)...   Jun 21 2005, 04:10 PM
sammi rules you   they still have a large monopoly. airports would h...   Jun 21 2005, 04:20 PM
kryogenix   QUOTE(touch my monkey @ Jun 21 2005, 4:20 PM)...   Jun 21 2005, 04:30 PM
sadolakced acid   QUOTE(kryogenix @ Jun 21 2005, 4:10 PM)Boeing...   Jun 22 2005, 12:00 AM
kryogenix   depends what you think of as cheap i doubt it. p...   Jun 22 2005, 07:14 AM


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