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laissez-faire
01
relating to a policy in which private businesses are allowed to thrive without government control
laissez-faire
adj
Example
The debate between statism and laissez-faire capitalism centers on the extent to which the state should intervene in the economy and regulate private enterprise.
Objectivism advocates for laissez-faire capitalism as the ideal social system, arguing that it respects individual rights and fosters human flourishing.
