An objection to capitalism

Capitalism is innately disgusting

Still there’re some scholars who claim that capitalism is disgusting and entrepreneurs are vampires who just get capital from workers. Many people are reluctant to let themselves be captured by the economic way of thinking because they see economic theory as at bottom an elaborate justification for an immoral society. (Moral misunderstanding and the justification of markets Heyne) Some people call for golden rule. But in the free market, we cannot apply it because it assumes a condition of personal information and immediacy of action, which is impossible in the market due to the fact that we don’t have enough knowledge to make every single decision right. For example, the Soviet Union government officials set the prices but the fact was that they failed to make instant and constant response to the change of people’s preference, which made it common for citizens to wait a long line to get a small amount of goods they desired.

Some people may think that a system which is based on self-interest is evil and degraded, but in fact all human action is based on self-interest.