Home
/
RELIGION & LIBERTY ONLINE
/
Why Do Intellectuals Hate Capitalism?
Why Do Intellectuals Hate Capitalism?
Dec 28, 2025 10:10 AM

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
Is Folk Atheism Becoming the Dominant Religion in Europe?
A recent survey contains one of the most disheartening statistics I’ve ever read: In eastern Germany the survey was unable to find a single person under the age of 28 who claimed they were “certain God exists.” The survey was taken in 2008, which means that not a single person born after the fall of the Berlin Wall could be found who expressed no doubt about the reality of their Creator. In contrast, 17.8 of young people in western Germany...
October 15 Scholarship Deadline
The deadline to apply for a scholarship through the Calihan Academic Fellowship program is one month away! If you or anyone you know are looking for financial aid opportunities for next semester, I invite you to visit the Calihan Academic Fellowship page on Acton’s website for details about petitive scholarship program. This page is where you can: download the application form and obtain additional information about eligibility, conditions, the selection process, application requirements, and deadlines. To qualify for the ing...
Healing Bodies and Mending Hearts
Today’s post is by Jenica Lee, part of the On Call in Culture team. She shares about where God has her working and why she is privileged to share His love with others on the job. For the past few months, I have been working as a Chiropractic and Physical Therapist Aid. For various reasons, I absolutely love my job. One of those reasons is that I get to work with people; more specifically, people like me. About 6 months...
More on Constitutions and Culture
As noted already at the PowerBlog today, Sam Gregg has a fine piece on plex relationship between law and morality, or constitutions and culture, over at Public Discourse. As a follow-up (read the piece first), I’d like to point to an interesting aspect of James Buchanan’s advocacy of a balanced-budget amendment. As Gregg notes, Buchanan is an example of someone who thought that “America’s constitution required amending to bestow genuine independence upon a monetary authority,” or advocated for the “constitutionalization”...
Samuel Gregg: Constitutions, Culture, and the Economy
Writing in Public Discourse, Acton Research Director Samuel Gregg notes that while Constitutional law has often been used to shape economies, there are limits to the law’s ability to influence economic culture: The Supreme Court’s decision to uphold Obamacare sharply reminds us of constitutional law’s significance for economic life. NFIB v. Sebelius, however, is not the first or even the most controversial effort to use constitutional law to shape economies. Both America and European countries have a decades-long history of...
Samuel Gregg on the Vatican’s Role in Global Diplomacy
World Politics Review recently interviewed Acton Research Director Samuel Gregg about the Vatican’s foreign policymaking: WPR: What are the main policy initiatives that the Vatican is currently promoting on the international stage, and how receptive are other nations to its interests? Gregg: At present, one major initiative concerns the promotion of religious liberty. The Holy See believes this right is poorly recognized in many nations — especially in the Middle East and China — and that Christians are suffering as...
Bill Gates: ‘Capitalism has worked phenomenally’
Bill Gates, easily one of the richest men in the world, recently talked about his wealth and his children’s inheritance, philanthropy and taxes in an article in the the UK’s The Telegraph. He acknowledged that “[c]apitalism has worked phenomenally” and one need only look at North Korea vs. South Korea to see evidence of that. He also noted, “Capitalism has shortfalls. It doesn’t necessarily take care of the poor, and it underfunds innovation.” Gates made several remarks to the British...
Review: Fr. C.J. McCloskey on ‘Defending the Free Market’
A review of Rev. Robert Sirico’s Defending the Free Market is featured in the National Catholic Register, written by Fr. C. J. McCloskey. The National Catholic Register is reviewing a number of books, in an effort to help readers discern issues pertinent to the ing election. In Fr. McCloskey’s review of Defending the Free Market, he notes: Father Robert Sirico could not have written a timelier book than his latest, Defending the Free Market: The Moral Case for a Free...
Where Does Your Mutual Fund Go to Church?
Are you a risk-adverse investor? Then you may want to avoid choosing a mutual fund that’s headquartered in an area with lots of Catholics. New research from the University of Georgia and Southern Methodist University and published in Management Science shows that the dominant local religion—whether Protestant or Catholic—significantly affects mutual fund behaviors. Specifically, the findings show that mutual funds headquartered in heavily Catholic areas tend to take more risks and funds in heavily Protestant areas take less risks, said...
Obamacare ‘tramples parental rights’
It is alarmingly clear that so-called “Obamacare” has troubling implications for parents and children, not just employers with religious convictions regarding artificial birth control and abortion. According to an article in the National Catholic Register, Matt Bowman, senior counsel for Alliance Defending Freedom, Obamacare “tramples parental rights” because it requires them to “pay for and sponsor coverage of abortifacients, sterilization, contraception and education in favor of the same for their own children.” To date, 26 states and the District of...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved