Why is Laizzez-faire important?

Answer 1

Depends who you ask. Laissez-faire advocates will say that state interference is messing with companies' ability to be truly competitive with each other and that this will disadvantage the economy.

The opposite will say that state interference is necessary because of the competitiveness between companies, and that the economy needs to be kept in check to some extent in order not to harm the people.

There is no agreement on whether or not either way is true, there is no agreement on how much the economy needs to be kept in check. As a result, all western countries have a mixed capitalist economy.