Each individual should have the freedom to do whatever they wish UNTIL & UNLESS it interferes with other individuals freedom to do whatever they wish, at which point a compromise has to be reached.

Why is this idea important?

Pragmatically, this means that no-one has TOTAL freedom of action, and that no activity can be TOTALLY unregulated. It will, however, consistently lead to the best balance between an individuals freedom and the common good. 

It might also lead to a re-think of many recent examples where over-zealous, and often futile, attempts to control / regulate / punish the 1% of the population that abuse a certain system lead to great inconvenience for the 99% who use it correctly

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