With many of the pillars of the economy — transport, energy and parts of manufacturing — in public ownership laissez-faire capitalism was kept in check.

The end of the war gave rise to a new mining elite oriented to laissez-faire capitalism.

He was a strong advocate of laissez-faire capitalism.

Advocates of laissez-faire capitalism generally argue that permanent natural monopolies are merely theoretical.

They claimed to provide a realistic economic alternative that was neither laissez-faire capitalism nor communism.