Home
/
RELIGION & LIBERTY ONLINE
/
Why Do Intellectuals Hate Capitalism?
Why Do Intellectuals Hate Capitalism?
Jan 26, 2026 3:25 PM

In an interview with Reason TV,Whole Foods co-founderJohn Mackey answers a rangeof questions about why so many intellectuals areopposed to the freemarket, whetherthroughouthistory and to this today.

“Is it a misunderstanding of what business does?” asks Nick Gillespie. “Is it envy? Is it a lack of capacity to understand that what entrepreneurs do or what innovators do?”

Here’s a sample:

Intellectuals have always merce. That is something that tradesmen did; people that were in a lower class. And so you had minorities, oftentimes did it, like you had the Jews in the West. And when they became wealthy and successful and rose, then they were envied, then they were persecuted and their wealth confiscated, and many times they were run out of country after country. Same thing happened with the Chinese in the East. They were great businesspeople as well. So the intellectuals have always sided kind of with the aristocrats to maintain a society where the businesspeople were kind of kept down. You might say that capitalism was the first time that businesspeople kinda caught a break, because of Adam Smith and the philosophy that came along with that, and the industrial revolution began this huge upwards surge of prosperity.

Mackey does a nice job summarizing the historical and practical forces, but another dynamicworth noting is Thomas Sowell’s notion of the “unconstrained vision”(or the “vision of the anointed”),which one findsamong many intellectuals. WhenSowell talks about “visions” he’s speaking less toour particular position (vocationally or otherwise) and more to how weperceivethe basic nature and destiny of man—“not simply his existing practices,” Sowell writes, “but his ultimate potential and ultimate limitations.”

For many intellectuals, for example, human capability is viewed as vast rather than limited. Problems are tobe solved through “smart” solutions rather than messy, incremental trade-offs. Justicecanbe achieved bycontrolling es rather than constructing the rightset of rules. Knowledge is important, but mainlya very particular kindof knowledge — one that requires a very particular kind of education and abstract thinking, rather than practical action, long-term wisdom, and particular prudence. Because our goals are so obviously achievable, freedom is seen as theability to achieve thosegoals, rather than exemption from the power andcontrolof others.Specialization is questionable and suspect rather than ed.The path to achievingthe good is paved bysweeping categorical gestures rather than incrementalimprovements.

To Mackey’s point,fromthis underlying vision, one is not likely to springto free-market advocacy.

For more on Sowell’s thoughts on this, I mend his book, Intellectuals and Society.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
The desert blooms – Environmental restoration in post-Saddam Iraq
I made the nations to shake at the sound of his fall, when I cast him down to hell with them that descend into the pit: and all the trees of Eden, the choice and best of Lebanon, all that drink water, shall forted in the nether parts of the earth. — Eze 31:16 America had folks like Fossey and T.R. and Muir and Carson and Audobon and Carver and Pickering who brought conservation and ecology into our emerging national...
Economic lessons in your morning mug
A NYT editorial informs us today that retail prices for coffee products are rising (HT: Icarus Fallen). We are assured, however, that the price rise has been “relatively modest” and that an important factor is “changes in supply and demand in a global economy.” No kidding. The bad news in the editorial, at least for the fair trade crowd, is that these same forces of suppy and demand are raising the price for modity itself. According to the International Coffee...
Jonathan Edwards, original blogger
It has been said that when Jonathan Edwards would roam about the countryside on his horse, he would record his observations and thoughts on little scraps of paper and pin them to his coat. When he returned home, his wife would help him unpin the notes and he would arrange them on his desk and use them as a basis for recording his thoughts in more permanent form. This story has been viewed by some scholars as apocryphal, although Paul...
Whither the refugees?
One of the oft-overlooked groups in the Iraq conflict are Iraqi Christians (many of whom are Chaldean Christians). Chances are if you hear about an Iraqi ethnic or religious minority, they are either Kurds or Sunni Muslims. Doug Bandow, who writing a book on religious persecution abroad, points out the dilemma facing native Christians in Iraq in his latest piece for The American Spectator, “Iraq’s Forgotten Minority” (HT: The Point). Writes Bandow, “Although the Shiite- dominated government does not oppress,...
Mouw’s Musings
Richard J. Mouw, president of Fuller Theological Seminary in California, has a new blog, Mouw’s Musings, and has taken notice of Sam Gregg’s recent Acton Commentary, “Self Interest, Rightly Understood.” Giving Gregg credit for making “an important point” with which he largely agrees, Mouw goes on to say: “At the same time this also seems to me to be true. People who are not motivated by an intentional desire to promote mon good often do not in fact promote mon...
Speaking of lawsuits…
On the same theme as a couple of recent posts (on the inanity of warning labels and signature file disclosure messages), Fast Company links to what they are calling the “Egregiously Legalistic Sig File of the Month.” It’s pretty egregious. Just think of all the wasted electrons. ...
‘DO NOT put any person in this washer’
Michigan Lawsuit Abuse Watch, M-LAW, started a contest to find the wackiest warning labels on consumer products ten years ago, and they’ve just released this year’s list of winners (HT: Slashdot). Topping the charts is the warning attached to a front-loading washing machine: “Do not put any person in this washer.” Other hits include: “Never use a lit match or open flame to check fuel level.”“Don’t try to dry your phone in a microwave oven.” The contest is part of...
Red rising: High Marx for Venezuela
Where have I seen that salute before? A new possible episode for my proposed : Chavez continues his power grasp in Latin America. My favorite quote: “We are in an existential moment of Venezuelan life … We’re heading toward socialism, and nothing and no-one can prevent it.” Stay tuned, gang. ...
Self interest, rightly understood
Order Dr. Gregg’s new book today! With the publication this month of The Commercial Society – Foundations and Challenges in a Global Age, Samuel Gregg embarks on an exploration of the key foundational elements that must exist within a society mercial order to take root and flourish. Guided by the thoughts of Alexis de Tocqueville, Gregg studies the challenges that have consistently impeded and occasionally mercial order. mentary, excerpted from the new book, explains why people who begin to exceed...
Immigration and innovation
From today’s WaPo: About 25 percent of the technology and panies launched in the past decade had at least one foreign-born founder, according to a study released yesterday that throws new information into the debate over foreign workers who arrive in the United States on specialty visas. Scott McNealy, chairman and co-founder of Sun Microsystems, “is among the advocates for an expanded visa program, writing editorials, calling members of Congress and supporting political mittees.” He asks a pretty good question,...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved