The debate over Capitalism versus Socialism/Communism is not relevant now. More so on grounds of what happened in
Turning our eyes to the happenings in 2008, we saw big companies and banks of
That missing part is ‘Ethics and Morals’. When a bank gives loan knowing that the person can’t pay it back just for a couple of percent interest, it is not only clear example of Unethical Business Practice but it also turns the notion of utility of Free Market at its head.
Moreover, there are some businessmen who actually solicit illegal activities as it brings more profit.
Also, the businesses’ prime concern is profit; it is very evident from Union Carbide’s behavior (it is a company from the doyen of Capitalism,
As to the statement, A few capitalists and businessmen have done more to help mankind live a more enjoyable life (indeed, most people would not even be alive today if it weren't for capitalists) than all humanitarians, social workers, and clergy men combined. If one considers human life a value, then they should regard capitalists as one of its greatest promoters.
I want to add that all capitalists, entrepreneurs and businessmen require a very stable, safe and strong state to function and if the motives are not clean, morals are low and ethics is missing we have a corrupt (failed and bankrupt) state as India was during License-Permit-Quota Raj. A businessman becomes the most dangerous enemy of another businessman.