“I agree with the sentiment that society’s problems can only be solved by a select group of individuals. However, I don’t believe this select group of people is composed of well-meaning politicians, but rather greedy capitalists. Both are self-serving, but while the politician cares only about your vote, the capitalist cares about your actual needs and wants. Furthermore, a politician only has to care towards the end of the election cycle, whereas a capitalist has to care at every moment a business transaction takes place. Ask yourself this question: in a world of greedy self-serving individuals, is society better off with more politicians or are we better off with more competing capitalists?

A free market’s fruits in a particular sector of the economy produce the optimal situation where product innovation increases dramatically, wages increase proportionally, and prices lower substantially. After time, the price, product and wages in a particular sector will plateau and entrepreneurs will look elsewhere for unexploited vistas where the cycle of better products, lower prices, and higher wages begin anew.

So yes, a capitalist only cares about himself, but by extension he must care for the customer – lots of them, or someone else will. Part of that customer care is hiring the right people, and to attract them, he must care about their needs too or some other employer will.

If you want the capitalist to care about the people, if you want the capitalist to pay his employees higher wages, I have one piece of advice – compete with him…..”

More at Lew Rockwell by Todd Steinberg.