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The following is from *A Dictionary of Euphemisms & Other Doubletalk,* by Hugh Rawson, (C) 1981.
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*free enterprise.* Private enterprise. While the phrase has an open, competitive, equitable sound to it, cynics maintain that "free enterprise" amounts to "freedom to cheat." It would be easier to dismiss them as socialistic spoilsports if it were not for the advice of Adam Smith: "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices" (*The Wealth of Nations,* 1776).
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