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laissez faire

   Also found in: Dictionary/thesaurus, Legal, Financial, Idioms, Wikipedia 0.01 sec.
laissez faire, laisser faire
a. the doctrine of unrestricted freedom in commerce, esp for private interests
b. (as modifier): a laissez-faire economy


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MASS industrial closures in the UK come as no surprise given we run a laissez faire economy where money shuffles reign supreme and we have deliberately fostered a society of super greed.
The problem with all this is that even if you think taxes are too high, government is a bloated, listing white elephant, and the debt from Obama spending will orbit somewhere past Pluto, this bunch's prescription for solving the crisis - cut taxes, cut spending, and return to 19th century laissez faire capitalism - would guarantee that America's streets would be stuffed with shopping carts, paper shanties, soup kitchens and bread lines ala the 1933 Great Depression.
And in referee Terje Hauge Uefa found the most laissez faire of all our European friends as he denied Wales a clear penalty for no reason.
 
 
 
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