- The Washington Times - Tuesday, December 1, 2020

Whole Foods CEO John Mackey hailed capitalism as the “greatest thing humanity’s ever done” during a recent interview, saying business leaders need to do a better job at defending it against socialists who want to transform the country.

Mr. Mackey, who co-founded Whole Foods Market in 1980, said during a nearly hour-long interview with the American Enterprise Institute that U.S. business culture is moving toward socialism because progressives and intellectuals view capitalism as “inherently corrupt.”

“That is wrong,” he said. “Capitalism is the greatest thing humanity’s ever done. We’ve told a bad narrative, and we’ve let the enemies of business and the enemies of capitalism put out a narrative about us that’s wrong. It’s inaccurate and doing tremendous damage to the minds of young people. We have to counter that.”

Mr. Mackey, who is promoting his new book “Conscious Leadership: Elevating Humanity Through Business,” argued that the culture needed to “evolve” or else get swallowed up by socialism.

“Otherwise, the socialists are going to take over — that’s how I see it, and that’s the path of poverty,” he said. “They talk about trickle-down wealth, but socialism is trickle-up poverty. It just impoverishes everything. And that’s my fear. That’s my fear that the Marxists and socialists — the academic community is generally hostile to business. It always has been. This is not new.”

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2021 The Washington Times, LLC. Click here for reprint permission.

Please read our comment policy before commenting.


Click to Read More and View Comments

Click to Hide