best left to their own devices.

[thuhoai]

Hi, everyone

The near-collapse of the world’s banking system two-and-a-half years ago has prompted a fundamental reassessment of the industry. Perhaps the biggest casualty of the crisis has been the idea that financial markets are inherently self-correcting and best left to their own devices.

Could you please explain the phrase "best left to their own devices"?
Thanks in advance

http://www.financialregulationforum...nal-banking-being-changed-by-regulation-5923/

 

[Gautenger]

Thuhoai, it means the markets are best left alone to do their "self-correcting", controls and repairs on their own and not by, or at the instigation of, any external parties. The expression "Hands off!" comes to mind.

Gautenger

 

[thuhoai]

Thank you very much, Gautenger.

 

[Parla]

Left to find their own means of handling problems, without government regulation or interference.