Innis Innis

In a caste society your station can be blamed on birth. Under markets your position depends on what you have done, which means every failure is personal, and personal failure is harder to live with than fate. Many people need a scapegoat and the market provides one. It is always there, always operating, always producing outcomes that feel unjust to someone, and it cannot defend itself, and the people who built their careers on explaining its failures are not going to stop explaining them. This is what Mises called the anti-capitalistic mentality and he was not wrong about where it comes from. He was also not wrong that it does not care whether it is right.