Our Disgust is Not Rational, but we still feel righteous and moral.

Opponents of illustrated lolicon pornography claim that fictional material encourages viewing children as sex objects and can incite actual sexual abuse.[6] However, there is no evidence to support these claims. [7] Despite the fact that most lolicon artwork is produced in Japan, there is no evidence that it has caused an increase of violent crimes against children and teens. The number of reported incidents of crime against children in Japan, as well as violent crime in general, is well below that of most other developed countries.[8]
-http://en.wikipedia.org/wiki/Lolicon