In laissez-faire economics, the individual is the basic unit in society, not the family. It’s the individual who goes forth into the world to ‘maximise their utility’: buying or doing things according to their pay packet, or funds set aside. As such, it’s hardly surprising that money causes more fights in families, or between adult siblings, than anything else. Being wealthier than one’s siblings means one can do more than the other, and there’s freedom, and power, in that.
But in laissez-faire systems, this rivalry is seen as good, not bad. Ceteris paribus, competition is king. “Competition,” notes the Organisation for Economic Co-operation and Development, “the process of rivalry… striving to gain sales and make profits, is the driving force behind markets.”
Mimicking the economic system, a free-market family will…