But why is capitalism good? (The following is not an exhaustive list. Very long books have been written on the topic.)
Reason #6: Capitalism rewards success and punishes failure.
Capitalism frees up everyone to be the best they can be. Conversely, it allows people to fail. There is nothing wrong with people failing. It is part of life. It is the way of the world.
It has nothing to do with “fairness,” a concept that has become the peculiar fetish of the Left. It is not unfair that some people are wealthy and some are poor any more than that some people are smart and others are stupid. And if some people can’t get by on their own, they are free to appeal to others for charity. Beggars can’t be choosers.
Socialists hate capitalism because capitalism recognizes the beauty and necessity of material inequality in a free society. According to socialists, everyone should be equal in every way possible. But this makes no sense. People are born into different situations. Some are talented; some are not. Some are industrious and hard-working; others are not. Why wage war, as socialists do, against nature?