Ethical Egoism

What immediately stands out to me in regards to psychological egoism is the fact that it leaves no real opening for objective analysis. It has already been decided that the motivation for every action is influenced by self-interest. Self-interest is the predetermined explanation for every action moving forward. Because this is a descriptive theory (telling us what “is”) and because the motivation behind any action will always be self-interest, this particular theory allows us little opportunity to try and discover right and wrong. Instead this theory makes a claim similar to “it is what it is” which doesn’t provide us much in the way of critical thinking. One can find a way to argue “self-interest” for every example imaginable, however, the fact of the matter is that simply claiming a fact (such as: an act is motivated by self-interest) does not necessarily make it empirically true. If every reason for every action has already been predetermined, is it possible there is such a thing as free will? One can argue that serving the good of self could be considered free will, however, my understanding of the definition of free will is that we are allowed the opportunity to make decisions as long as we are prepared to be judged by those decisions and accept the consequences of our choices. If all actions have a predetermined underlying reason, can human actions even be morally judged?
Because ethical egoism is normative and not descriptive in nature, it actually provides an opportunity for a more empirical analysis. What I like about this theory is the fact that it does not seem to eliminate free will. We are allowed to make decisions based on our own self interests and ethical egoism seems to promote this fairly well while encouraging personal responsibility. If each person were given the fair chance to pursue his own goals (self-interests,) I think as a social whole, we would be much more successful. This wouldn’t work in an economic structure (we can see examples of this today) where people are segregated based on access to resources. Are children in Rwanda really given the same chance (access to resources) as a child born into wealth? Rand’s “hands-off” approach in rational ethical egoism takes this thought a bit further by actually negating the actions of altruists. Although this idea may make sense in regards to maintaining economic stability if we were in fact members of a laissez-faire system, it does not seem to provide insight on how to reach that particular level of economic and social success. Claiming that acts of altruism toward “lesser” individuals only promotes charity seems almost Darwinian in nature. I would like more insight on Rand’s take in regards to physically and/or mentally ill humans. Should we not perform acts of altruism towards those who cannot act on their own behalf? Although ethical egoism appears to be more objective than psychological egoism, it still leaves questions in regards to actual morality. Ethical egoism (like psychological egoism) does not provide us with any moral guidelines for solving disputes. If a man ethical egoist and a woman ethical egoist were the last two people on the planet and they were not attracted to each other, would they suck it up and procreate or would the human race die out?