Laissez Faire Capitalism
"Laissez Faire" is French for "leave alone" which means that
the government leaves the people alone regarding all economic activities.
It is the separation of economy and state.
There are two ways that a government typically is tempted to interfere with the economy.
The first is through the initiation of force,
and the second is through socialized industries.
Neither of these activities are aligned with the
proper role of government,
and are both unacceptable.
"Laissez Faire Capitalism" is actually redundant, due to the nature of Capitalism.
Therefore, simply "Capitalism" is sufficient to get the point across
although historically it has been misrepresented as compatible with government economic interference.
(This page mirrored from Importance of Philosophy.com)