I do not consider laissez-faire to be the best economic system. In fact, the economy would suffer and only large businesses would prosper. Laissez-faire is an economic theory that asserts that there is an invisible hand that guides the economy and therefore there is no need to involve the government. The Invisible Hand refers to uncontrolled competition, with greed as a major factor. In fact, it is considered by some to be the purest form of competition, because laissez-faire is basically the economic version of Darwin's theory of survival of the fittest. Whoever is best will win, in theory at least. The theory states that the economy is capable of being its own guardian. An example of this is when two companies produce similar products. Laissez-faire assumes that every company will start making better and cheaper products in order to defeat competitors and make more profits. By doing so, they will meet the needs of society regarding this product. Companies do not produce these products out of social responsibility or as a result of any government involvement. Their only motivator is money, but they continue to produce higher quality products at lower costs, which is beneficial to consumers. I think the government should have a limited role in the economy, it should regulate it just enough to keep it stable. Under laissez-faire, big corporations are basically allowed to do whatever they want, short of murder, without any legal consequences. If large corporations are allowed to grow unrestricted, they will most likely do so until monopolies are the only form of business remaining. If that happens, nothing will stop these monopolies from taking advantage of consumers who ultimately will have no choice but to settle for paper...people who are suffering. The government began taking measures to stimulate the economy, including the New Deal. It sought to stimulate demand and provide work and relief to the poor through increased government spending. Establishing regulations that ended what was called “cut-throat competition,” in which large players were expected to use predatory pricing to drive out smaller players. He also created regulations that would raise the wages of ordinary workers, in order to redistribute wealth so that more people could purchase products. This is something that goes directly against laissez-faire, so in a laissez-faire society the government would do nothing and just watch people suffer. What the government did was more in line with Keynes' theory that the government should increase spending to help the economy. This is exactly what they did to recover from the Great Depression..