CEO’s don’t create jobs. The people who buy goods / services from their companies do. And these customers include the poor.
CEO’s simply supervise the employees who supervise hiring. Many CEO’s apparently believe that their job is to keep their companies’ costs (including wages and benefits) as low as possible, while keeping the prices of their goods and services as high as possible (except for predatory pricing in order to drive out competition, a la Walmart). These CEO’s DO believe in welfare — government subsidies, handouts, and tax breaks — for themselves.
Some CEO’s, on the other hand, believe that it is their responsibility to provide their employees with a living wage and benefits that afford some degree of human dignity. They also tend to believe in providing honest goods and services for an honest dollar to their customers. And they tend to be generous in their contributions to charities.
If you want to defend capitalism, why not focus on the good CEO’s, and expose these profiteers for what they are. In a thriving capitalist economy, competition between producers helps consumers. When vulture capitalism pits producers against consumers, it undermines the foundations of our economy and our political system.
Although Milton Friedman inspired the founders of Reaganomics and trickle-down with his objections to government influence on the marketplace, he understood that government had a responsibility to the poor, much as Katherine Harvey argued:
Finally, the government would have the function of relieving misery and distress. Our humanitarian sentiments demand that some provision should be made for those who “draw blanks in the lottery of life”. Our world has become too complicated and intertwined, and we have become too sensitive, to leave this function entirely to private charity or local responsibility.”
(Source: https://miltonfriedman.hoover.org/friedman_images/Collections/2016c21/Farmand_02_17_1951.pdf )
It is not Katherine Harvey whose logic and understanding of capitalism are flawed.