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The moral justification of capitalism does not lie in the altruist claim that it represents the best way to achieve ‘the common good.’ It is true that capitalism does — if that catch-phrase has any meaning — but this is merely a secondary consequence. The moral justification for capitalism lies in the fact that it is the only system consonant with man’s rational nature, that it protects man’s survival qua man, and that its ruling principle is: justice
When you think about the abolition of slavery for example, for the ruling class with the rich white people owning plantations and states, and things like that, slavery was to their benefit. To oppose it didn’t make any sense at all on a rational basis. But on a rights basis, on a principle basis, it made obvious, overwhelming sense.