You believe that minimal government intervention in the economy leads to increased individual freedom, economic growth, and overall prosperity.
Laissez-faire is a political and economic ideology that advocates for minimal government intervention in the economy. The term, which translates from French as "let do" or "let go," suggests that free markets operate most efficiently when left to their own devices. This ideology is closely associated with classical liberalism and is a fundamental principle of capitalism.
The origins of laissez-faire ideology can be traced back to the Age of Enlightenment in the 18th century. During this time, philosophers and economists such as Adam Smith and David Ricardo began…
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What is your opinion on having no minimum wage laws dictating your earnings?
@9H7JVBC1yr1Y
There should absolutely be a minimum wage, and it should be a living wage. People shouldn't be used to make money for a corporation and not make enough to live themselves.
Will create more poverty and increase the income of the ruling class
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What ethical considerations do you think should guide companies in the absence of government regulation?
@9KDGPR811mos11MO
All Companies should be monitored by the government as without this they prioritise profit over human life
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How would the concept of public space transform in a world where private ownership is the norm for all areas?
@9J652PF12mos12MO
Public space is vital. The people should have spaces that belong to everyone i.e. parks. plazas. These aren't for the rich or large corps to profit from.
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Would you be comfortable knowing that your employer determines your working conditions without government safety standards?
@9H7HRV81yr1Y
No, companies will reduce conditions for employees if given the chance.
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How would your education choices change if all schools were privately run and profit-driven?
@9KMWY5910mos10MO
Schools that are privately run are not run by the government and therefore the parents can pay the fees, which also has tax added on as well.
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Have you ever thought of starting a business and what freedoms or restrictions would be most important to you?
@9HN72YK1yr1Y
Yes, but I am okay with most of my profits going to the government
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How might complete economic freedom affect the environment?
@9H5XM7V1yr1Y
Although it may help the environment, in terms of an increased amount of money being spent towards the environmental issues the world is facing, it may also create an excess amount of disposable wealth, which could be used to fuel more carbon intensive activities, such as increased use of transport and more devices and appliances.
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