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| | Laissez-faire - Wikipedia, the free encyclopedia |
 | | Laissez-faire (lɛze fɛr) is short for "laissez faire, laissez aller, laissez passer," a French phrase meaning "let do, let go, let pass." First used by the eighteenth century Physiocrats as an injunction against government interference with trade, it became used as a synonym for strict free market economics during the early and mid-19th century. |
 | | Critics may consider laissez faire as only an ideological veneer, including for the public a simple type of folk mythology appealing to nostalghic sentiment, obscuring what is actually a system of localist protectionism often associated with typically conservative politics, which in turn may only function in the context of elite-controlled economic expansionism, (or economic imperialism) |
 | | Adam Smith played a large role in popularizing laissez-faire economic theories in English-speaking countries, though he was critical of a number of aspects of what is currently thought of as laissez-faire (such as lack of government regulation of business practices). |
| en.wikipedia.org /wiki/Laissez-faire (1143 words) |
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