The Virtues of the Market Process

It is not because it brings about better outcomes for the best. It is because it is the most reliable method for bringing about better outcomes for the least. 

The market knows (and continually discovers and improves upon) what otherwise cannot be known: where, when, and how much to do what. 

This is in part because the market aggregates knowledge in a way that creates better knowledge and in part because the market communicates that knowledge effectively. Both parts work in tandem as the process is a continual positive feedback loop. 

Key to all of this is the market process's combination of two powerful forces: incentivizing the pursuit of knowledge and rewarding the discovery of knowledge. 

As a market participant I am invigorated and rewarded for bringing about better outcomes for others. The eventual effect of this across all participants is to satisfy the infinitely complex and conflicting desires of ALL others, and this happens in each instance of market activity because prices, the market's tool for communication, encapsulate all desires in a single, universal signal. 

The hallmark of the market's achievements is how from nothing comes more and more (resources) to give us more and more (happiness) for more and more (people).