His own contribution is to apply their teachings - that societies should be designed to reward individual initiative and foster the unfettered exercise of private property rights - to companies .
America 's oil pipelines are largely unfettered by the rigid regulations that govern gas-pipeline tariffs .
美国的石油管道大部分不受严格管制着煤气管道的关税规定约束。
The idea that unfettered , unregulated capitalism would invariably produce the good outcomes was a wrong economic theory regarding how capitalist societies behave and what causes their crises .