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Updated: June 16, 2025
"To see everything the forts, the islands and it's beautiful, you know, all the way to the navy yard." Beverly followed my glance to where the gay company was sitting among the cracked ice, and bottles, and cigar boxes, chattering volubly, with its back to the scenery. He gave his laisser-faire chuckle, and laid a hand on my shoulder. "Don't worry 'em with forts and islands, old boy!
If you come to that, what is laisser-faire but an orthodoxy? the most tyrannous and disastrous of all the orthodoxies, since it forbids you even to learn.
This was the theory which was called orthodox political economy the laisser-faire system the philosophy of competition or supply and demand, and it was incessantly denounced by Carlyle as Mammon worship, as 'devil take the hindmost, as 'pure egoism'; 'the shabbiest gospel that had been taught among men. He declared that in the long run no society could flourish, or even permanently cohere, if the only relation between man and man was a mere money tie.
Moreover, the mercantilist theory, having in this case produced such unfortunate results, henceforth began to lose ground, and it is not without interest that Adam Smith's Wealth of Nations, the classic expression of the new political economy of free trade, of laisser-faire, as the French styled it, which was destined to supplant mercantilism, was published in 1776, the very year of the declaration of American independence.
He was bred up in the comfortable egoism of the opulent middle classes; the religion of comfort, laisser-faire, and social order was infused into his bones. But, so far as his traditions and temper would permit, his life was as honourable, as unsullied, and as generous, as ever was that of any man who lived in the fierce light that beats upon the famous.
And he nodded and laughed in a companionable and laisser-faire sort of way as he started his engine and took command of the wheel. Then began a battle which I had to watch from a distance because Paddy evinced no love for that purring and whining thing of steel as it rumbled and roared and thrashed and churned up the mud at its flying heels.
Never in history, as far as we know, had there been such a determined, richly subsidized, politically organized attempt to persuade the human race that all progress, all prosperity, all salvation, individual and social, depend on an unrestrained conflict for food and money, on the suppression and elimination of the weak by the strong, on Free Trade, Free Contract, Free Competition, Natural Liberty, Laisser-faire: in short, on 'doing the other fellow down' with impunity, all interference by a guiding government, all organization except police organization to protect legalized fraud against fisticuffs, all attempt to introduce human purpose and design and forethought into the industrial welter, being 'contrary to the laws of political economy. Even the proletariat sympathized, though to them Capitalist liberty meant only wage slavery without the legal safeguards of chattel slavery.
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