From "Rational Taoism"
"Today Capitalism in the victorious economic system of the world, and a system which is ever taking on new forms due to globalisation. Many things about Capitalism might seem attractive to Taoists: it is free enterprise, after all (and "laissez-faire" is sometimes used as a translation for wu-wei), and the "Invisible Hand" of Adam Smith, which transforms individual selfish desires into public prosperity, seems much like the functioning of the Way. Globalisation too represents a blurring of distinctions and a finding of human unity.
Unfortunately, pure Capitalism is based on competition, which is not the Taoist ideal for human society. Lao-tzu millenia ago already attacked the exploitation of the poor by the rich and the public harm caused thereby. Not everyone can compete economically: some are sick or weak or simply constitutionally incapable. Some are just unlucky. And worst of all, some of the most noble and brilliant persons in society have no interest in wasting their lives and energy in a frenetic and ferocious struggle for existence, but still deserve a decent life, whether they be artists, mystics or scientists. Capitalism rewards the clever and hardworking, which might seem just, but it also often rewards the tricky, exploitative and ruthless types far more.
According to Taoism, human productive and distributive activity must function not for "winners" only, but for everyone in society, including the weak, stupid, sick, lazy, unproductive, and unworthy. Those who are truly productive for everyone do in all fairness deserve a little more rhan the unproductive, but those who gain their money through financial manipulations and the like deserve far less than they are now getting. Such reforms will make us in absolute terms less rich, efficient and productive. However, that is not what life is about for a Taoist. A tranquil and secure society rich in human solidarity and the leisure time to attend to the important things in life is the Taoist vision of a sane economic order."