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> Capitalism is faith in the selfishness of man.

Disagree. Capitalism is faith in the fairness of man. Each person in a capitalistic society has the same opportunity to take advantage of the free market and create their own wealth in a way that doesn't infringe upon the rights of the rest of the people in that society. These rights are guaranteed by the society, regardless of person.

Socialism (such as that in China) does not afford its citizens such equal rights. In fact, the Chinese government has very recently instituted controls which allow them to have a high degree of control over the rights a particular Chinese citizen can exercise. These rights are allowed, regarding person.




That fairness effect is downstream from the expectation of self-interest being the primary motivator behind market decisions.




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