Mustang
Gold Member
Many conservatives these days are proponents of a purer form of capitalism than currently exists. It was once known as laissez-faire capitalism.
Under this theory, individuals would be free to rise (or fall) based on their own abilities.
Do you think this is a good idea? Do you think you would be more likely to benefit or be hurt under such a system?
Do you support the idea of a laissez-faire economic system?
If so, why? And please explain why you think you would either benefit or be harmed by this purer form of capitalism.
In economics, laissez-faire (English pronunciation: /ˌlɛseɪˈfɛər/ ( listen), French: [lɛsefɛʁ] ( listen)) is an environment in which transactions between private parties are free from state intervention, including restrictive regulations, taxes, tariffs and enforced monopolies.
Under this theory, individuals would be free to rise (or fall) based on their own abilities.
Do you think this is a good idea? Do you think you would be more likely to benefit or be hurt under such a system?
Do you support the idea of a laissez-faire economic system?
If so, why? And please explain why you think you would either benefit or be harmed by this purer form of capitalism.