A Quote by Ludwig von Mises
Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.
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Laissez-faire capitalism, or anarchocapitalism, is simply the economic form of the libertarian ethic. Laissez-faire capitalism encompasses the notion that men should exchange goods and services, without regulation, solely on the basis of value for value. It recognizes charity and communal enterprises as voluntary versions of this same ethic. Such a system would be straight barter, except for the widely felt need for a division of labor in which men, voluntarily, accept value tokens such as cash and credit. Economically, this system is anarchy, and proudly so.
Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.
People do not cooperate under the division of labor because they love or should love one another. They cooperate because this best serves their own interests.
There was nothing natural about laissez-faire; free markets could never have come into being merely by allowing things to take their course. Just as cotton manufactures were created by the help of protective tariffs, export bounties, and indirect wage subsidies, laissez-faire was enforced by the state.
So-called Individualism is the social and economic laissez-faire: the exploitation of the masses by the classes by means of legal trickery, spiritual debasement and systematic indoctrination of the servile spirit, which process is known as 'education'.
To check centralization and usurping of power ... we require a new laissez-faire. The old laissez-faire was founded upon a misapprehension of human nature, an exultation of individuality (in private character often a virtue) to the condition of a political dogma, which destroyed the spirit of community and reduced men to so many equipollent atoms of humanity, without sense of brotherhood or purpose.
Integrity requires that I discern what is integral to my selfhood, what fits
and what does not-and that I choose life-giving ways of relating to the forces that converge within me: Do I welcome them or fear them, embrace them or reject them, move with them or against them? By choosing integrity, I become more whole, but wholeness does not mean perfection. It means becoming more real by acknowledging the whole of who I am.
The statement I made in regard to, "Will can do whatever he wants," has illuminated the need to discuss the relationship between trust and love and how they co-exist...Should we be married to individuals who can not be responsible for themselves and their families within their freedom? Should we be in relationships with individuals who we can not entrust to their own values, integrity, and LOVE...for us??? Here is how I will change my statement...Will and I BOTH can do WHATEVER we want, because we TRUST each other to do so. This does NOT mean we have an open relationship...this means we have a GROWN one.
Laissez Faire, laissez passer. Let it be, let it pass. The phrase is not readily translatable. It was widely used by the Physiocrats in urging freedom from government interference and was adopted by Adam Smith.
It is not an accident that developing countries - virtually the whole of East Asia, for example - view the role of the state in a far more interventionist way than does the Anglo-Saxon world. Laissez-faire and free markets are the favoured means of the powerful and privileged.
The prudent course is to make an investment in learning, testing and understanding, determine how the new concepts compare to how you now operate and thoughtfully determine how they apply to what you want to achieve in the future.
The laissez-faire argument relies on the same tacit appeal to perfection as does communism.
Laissez-faire capitalism is the only social system based on the recognition of individual rights and, therefore, the only system that bans force from social relationships.
Laissez Faire was very good sauce for the goose, labor, but was very poor sauce for the gander, capital.
What business entrepreneurs are to the economy, social entrepreneurs are to social change. They are the driven, creative individuals who question the status quo, exploit new opportunities, refuse to give up, and remake the world for the better.
If you go back to Adam Smith, you find the idea that markets and market forces operate as an invisible hand. This is the traditional laissez-faire market idea. But today, when economics is increasingly defined as the science of incentive, it becomes clear that the use of incentives involves quite active intervention, either by an economist or a policy maker, in using financial inducements to motivate behavior. In fact, so much though that we now almost take for granted that incentives are central to the subject of economics.
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