Is capitalism good?

Every system which [rewards an] industry a greater share of the capital of the society than what would naturally go to it, or [forces an] industry some share of the capital which would otherwise be employed in it, is in reality subversive of the great purpose which it means to promote. It retards, instead of accelerating, the progress of the society towards real wealth and greatness; and diminishes, instead of increasing, the real value of the annual produce of its land and labour.

I have no concern with any economic criticisms of the communist system [but] I am able to recognize that the psychological premises on which the systems based are an untenable illusion. In abolishing private property we deprive the human love of aggression of one of its instruments, certainly a strong one, though certainly not the strongest; but we have in no way altered the differences in power and influence which are misused by aggressiveness, nor have we altered anything in its nature.