The Tue Laissez-Faire from Somalia 7 December 2010, Cervera de los Montes A4 (29,7 x 21,0 cm) Water color, acrylic color, pencil, color pencil, ballpoint pen and felt-tip pen on paper i Laissez-faire describes in economics an environment in which transactions between private parties are free from state intervention, including restrictive regulations, taxes, tariffs and enforced monopolies. The phrase laissez-faire is French and literally means "let do". Somalia is a country located in the Horn of Africa. In the recent years, as a consequence of the collapse of governmental authority that accompanied the civil war, piracy has emerged as a powerful economic activity in the waters off of the coast of Somalia. Ñampa Zampa is a breakfast cereal produced by the Spanish company Grupo Leche Pascual. Tags: Somalia, piracy, economics, capitalism 391 / 779