A "capitalist", is one who uses capital and operates in a capitalist market. Not "a supporter of capitalism". Frequently "capitalists" are one of the greatest dangers to a free market. Even without taking 30% (or any) losses, they want all sorts of special benefits for them, and all sorts of restrictions on or penalties against their competitors (esp. overseas competitors, who they can demonize as "taking American jobs").
We should oppose the rent-seeking of capitalists, but that isn't the same thing as opposing capitalism.
--
"To widen the market and to narrow the competition is always the interest of the dealers ... The proposal of any new law or regulation of commerce which comes from this order, ought always to be listened to with great precaution, and ought never to be adopted, till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it."
Adam Smith
The Wealth of Nations, Book I Chapter X |
