Laissez Faire was very good sauce for the goose, labor, but was very poor sauce for the gander, capital.
About this quote
- What does it mean?
- Tucker claims laissez faire benefited workers superficially but ultimately favored capital owners more.
- In plain terms
- Laissez faire helped labor a little but helped capital more.
- What can you take from it?
- Free markets often benefit capital owners more than workers.
Where it applies
Putting it to work
Questions to consider
- Who really benefits from free markets?
- How does policy favor capital?
Another view
The metaphor is simplistic and may not reflect actual historical outcomes.
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