Friedrich Hayek knew that it was much easier to accept inequalities if one can claim that they result from an impersonal blind force: the good thing about the ‘irrationality’ of the market and success or failure in capitalism is that it allows me precisely to perceive my failure or success as ‘undeserved’, contingent. Remember the old motif of the market as the modern version of an imponderable fate. The fact that capitalism is not ‘just’ is thus a key feature of what makes it acceptable to the majority. I can live with my failure much more easily if I know that it is not due to my inferior qualities, but to chance.