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Laissez-Faire
Description
+2 Great Merchant points per turn for every Bank and +4 Great Merchant points per turn for every Stock Exchange. +2 Great Admiral points per turn for every Shipyard and +4 Great Admiral points per turn for every Seaport.
Historical Context
Laissez-faire economics is the capitalist’s holy grail, for all private transactions are completely free from any sort of government involvement or oversight – including tariffs, subsidies, trade regulations, limits on monopolies, price controls, labor affairs, or any other such nonsense. The debate on laissez-faire economics dates back as far as the Han, Tang, Song, and Ming dynasties in China when officials and merchants argued for centuries on how much government involvement was necessary or justified. In the modern age, as multi-national corporations became ever more influential, the debate intensified, with Adam Smith acknowledging deep moral ambiguities and John Maynard Keynes condemning laissez-faire economics outright.
PortraitSquare
icon_policy_laissez_faire

Requirements

Civic
PortraitSquare
icon_policy_laissez_faire
Description
+2 Great Merchant points per turn for every Bank and +4 Great Merchant points per turn for every Stock Exchange. +2 Great Admiral points per turn for every Shipyard and +4 Great Admiral points per turn for every Seaport.
Historical Context
Laissez-faire economics is the capitalist’s holy grail, for all private transactions are completely free from any sort of government involvement or oversight – including tariffs, subsidies, trade regulations, limits on monopolies, price controls, labor affairs, or any other such nonsense. The debate on laissez-faire economics dates back as far as the Han, Tang, Song, and Ming dynasties in China when officials and merchants argued for centuries on how much government involvement was necessary or justified. In the modern age, as multi-national corporations became ever more influential, the debate intensified, with Adam Smith acknowledging deep moral ambiguities and John Maynard Keynes condemning laissez-faire economics outright.

Requirements

Civic