Ayn Rand opposed control of economic policy.
Ayn Rand . In politics , she condemned the initiation of force as immoral , and opposed collectivism and statism as well as anarchism , and instead supported laissez-faire capitalism , which she defined as the system based on recognizing individual rights . Classical liberalism is a political ideology and a branch of liberalism which advocates civil liberties under the rule of law , and emphasizes economic freedoms found in economic liberalism which is also called free market capitalism . American Conservatism is a broad system of political beliefs in the United States that is characterized by respect for American traditions , support for Judeo-Christian values , economic liberalism , anti-communism , advocacy of American exceptionalism , and a defense of Western culture from threats posed by `` creeping socialism '' , moral relativism , multiculturalism and liberal internationalism . Laissez-faire ( [ ˌlɛseɪˈfɛr - ] , [ lɛsefɛʁ ] from ) is an economic system in which transactions between private parties are free from government intervention such as regulation , privileges , tariffs , and subsidies .