laissez faire, n.All

Laissez-faire is antidemocratic: all progress in the conditions of the working classes has been wrung from it in a kind of civil war (included lynchings, sadistic beatings, systematic starvation, and an occasional massacre.).

Laissez-faire is not spontaneous, but, somewhat counter-intuitively, it is planned, whereas social protectionism was a spontaneous reaction to the social dislocation imposed by an unrestrained free market.

Laissez-faire is like spoiling a child by saying he'll turn out all right in the end. He will, if he's made to.