Lincoln's phrase "government of the people, by the people, for the people" emphasizes democratic governance and the idea that government should serve the interests of its citizens. It is not synonymous with laissez-faire, which advocates minimal government intervention in the economy. While both concepts value individual rights and freedoms, Lincoln's phrase underscores the role of government in representing and protecting the populace, contrasting with laissez-faire's emphasis on limited governmental influence.
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