Objectivism101

Objectivism 101 Concept Chart Metaphysics Epistemology Ethics Politics The Initiation of Force Rights Right to Life Right to Liberty Right to Property Right to the Pursuit of Happiness Right to Free Speech Right to Self Defense Necessity of Government The Proper Role of Government Laissez Faire Capitalism Taxation Law Rule of Law Constitutions Separation of Powers Checks and Balances Federalism An Armed Populace: The Right to Bear Arms Trial by Jury Voting Capitalism Financing a Government The Death Penalty Abortion Fraud Esthetics Discuss Politics

Laissez Faire Capitalism

"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.

There are two ways that a government typically is tempted to interfere with the economy. The first is through the initiation of force, and the second is through socialized industries. Neither of these activities are aligned with the proper role of government, and are both unacceptable.

"Laissez Faire Capitalism" is actually redundant, due to the nature of Capitalism. Therefore, simply "Capitalism" is sufficient to get the point across although historically it has been misrepresented as compatible with government economic interference.

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