Home
/
RELIGION & LIBERTY ONLINE
/
Why Do Intellectuals Hate Capitalism?
Why Do Intellectuals Hate Capitalism?
Dec 14, 2025 9:04 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
Blockbuster Benedict blogs
Pope Benedict XVI is in the United States the next couple days, as you may have noticed. In case you’re interested in fleeing the inane, inaccurate, or ideologically charged coverage that will likely be on offer from most media outlets, you can instead pay attention to the following more reliable sources: “Benedict in America” at Pope Benedict XVI FanClub. A resoundingly Catholic look at things, these folks have earned their stripes: they were the Ratzinger Fan Club back when Benedict...
Should your school be on the Honor Roll? One month remaining to apply.
Applications and nominations are being accepted for the 5th annual Catholic High School Honor Roll –a list of America’s Top 50 Catholic high schools judged on academic excellence, Catholic identity, and civic education. The list is published nationally as a resource for parents, schools, colleges and donors. As a constructive petition, the Honor Roll is designed to encourage excellence in Catholic education. This is the perfect time to encourage your local Catholic high school to apply. All schools benefit because...
Review: Barth’s Church Dogmatics
Late last year controversy arose after the federal Bureau of Prisons had created a list of approved religious and spiritual books that would be allowed into prison chapels. Among those authors who was excluded from the list was the greatly influential twentieth-century theologian Karl Barth. The potentially incendiary nature of religion was apparently the impetus behind the bureau’s attempt to control access to religious works, which was quickly reversed. As one blogger put it, Karl Barth was “going back to...
Clinton or Obama?
Clinton or Obama? A few of you may have noticed that we’ve added a small polling widget on the right side-bar of this blog. This, of course, is all highly “un-scientific” and doesn’t really mean much, but can provide some interesting results. The current poll asks who you would prefer as the Democratic candidate for the general elections in November – Omaba or Clinton. The results, so far, show Clinton ahead of Obama by about 58% to 42%. This is...
Samaritan Award is open
The 2008 Samaritan Award opens today! If you know of a great charity or non-profit organization that directly serves members of a vulnerable population and receives little to no government funding, please encourage them to apply. The grand prize is $10,000 and there are several smaller awards for runners-up. From the Samaritan Award website: This $10,000 grand prize is awarded once a year to an exceptional and privately funded nonprofit that fosters deep personal change in the individuals they serve....
Results. Now.
It’s an otherwise fine story by an AP writer, but I’m on the prowl for media infelicities in the pope coverage, so silly lines get noticed: After making little headway in his efforts to rekindle the faith in his native Europe, the German-born Benedict will be visiting a country where many of the 65 million Catholics are eager to hear what he says. I like the “making little headway” clause. As though reestablishing Christendom were a matter of uttering a...
Oekologie 16
I’m hosting this month’s Oekologie environmental science blog carnival. Lots of interesting stuff if you’ve got a hankering for a little less politics shaken on your greens. ...
Rev. Robert A. Sirico on Pope Benedict XVI’s US visit
Acton Institute President Rev. Robert A. Sirico appeared on Fox Business Network to discuss Pope Benedict XVI’s visit to the United States this week. If you didn’t catch it live, the video is here: You’ll also want to tune in this afternoon during the 4:00 hour on Fox News Channel as Rev. Sirico joins Neil Cavuto ment on Pope Benedict’s arrival. Update: Here’s the video of this afternoon’s appearance on Fox News Channel: ...
Happy Patriots’ Day
Patriots’ Day is a festive memorating the battles of Lexington and Concord. The holiday observes the April 19 anniversary of when the American colonies first took up arms against the British Crown in 1775. Massachusetts and Maine officially recognize the historic anniversary. Recently the holiday has been observed on the third Monday in April to allow for a three day weekend. The Boston Marathon takes place today and the Boston Red Sox are always scheduled to play at home. Historian...
Globalized criminal syndicates and political authority
This sounds like a book with pelling narrative: McMafia: A Journey Through the Global Criminal Underworld. I’ve often thought about the connection between organized crime and legitimate governmental structures. In the NPR interview linked above, “Journalist Misha Glenny points out that while globalization may have given the world new opportunities for trade and investments, it also gave rise to global black markets and made it easier for criminal networks to do business.” There’s a lot of cogent analysis of trade...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved