Is there anyone out there who can argue well the economic policy of laissez faire to me?

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Depaulmann

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To me it seems like an idea like an idea similar to communism in that it is to idealistic to truly work properly
 
Wouldn't the absence of laissez faire, along with more government regulation and control of business, be even more communism, because it puts business under government control, taking away control from the individual owner? Therefore moving away from capitalism and moving closer to socialism.
 
Henry Hazlitt - Economics in One Lesson.

You expect someone to explain everything to you about an economic theory on here? There's way too much to go over. Just understand that government activity distorts market action and has a ripple effect that is negative since people will know less. Government casts a shadow over market knowledge.
 
The basic argument is that whenever the government interferes it causes inefficiency and unintended consequences, therefore it shouldn't interfere. To support a completely laissez faire system you would have to believe two things: 1) that efficiency is the top economic priority, and 2) that all market failures and externalities will work themselves out. If you believe those two things, laissez faire makes sense.

Supporters of laissez faire would almost certainly admit the difference between a perfect, competitive market model on paper and real life, but they would argue that the total costs to society caused by its failures would be less than the total costs of a more interventionist system.
 
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