Name: Whole Foods CEO warns socialism is a failed system that 'impoverishes everything,' says colleges are the problem
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Whole Foods CEO warns socialism is a failed system that 'impoverishes everything,' says colleges are the problem

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&nbsp;Get the latest BPR news delivered free to your inbox daily.&nbsp;CHECK OUT&nbsp;&nbsp;for best SWAG!Whole Foods founder and CEO John Mackey better be careful, the left-wing cancel culture may set their eyes upon him given his recent dig at socialism.Set against a backdrop of American universities turning out an entire generation of anti-capitalists who see socialism favorable, Mackey&nbsp;argued Tuesday at&nbsp;a discussion organized by the American Enterprise Institute&nbsp;that socialism is a failed system that “impoverishes everything,” Just the News reported.&nbsp;In response to&nbsp;criticism of “trickle down economics,” Mackey said socialism equates to “trickle up poverty.”“We have to recognize that some of the progressive insights are important and they shouldn’t go away, but we can’t throw out capitalism and replace it with socialism, that will be a disaster,” he said. “Socialism has been tried 42 times in the last 100 years and 42 failures, it doesn’t work, it’s the wrong way. We have to keep capitalism, I would argue, we need conscious capitalism.”The problem, as Mackey will learn, is that Gen Z doesn’t care about facts, logic and reason. Nor are they open-minded about debating countering points of view. Instead, they demand absolute adherence to progressive dogma, where the only option is to walk in&nbsp;lockstep or be rejected in society.Stressing that capitalism is misunderstood, the CEO put the onus on businesses and corporations to correct this.“Until we get this corrected, capitalism is always going to be disdained and criticized and attacked,” Mackey explained. “It’ll be attacked for its motivations, because its motivations are seen as somehow impure.&nbsp;Yes, of course, business has to make money. If a&nbsp;business doesn’t make money, it will fail, but that doesn’t mean that&nbsp;its purpose is to make money.”The alternative to explaining the&nbsp;successes of capitalism&nbsp;is more socialism, and more poverty, he suggested.“It needs to evolve, otherwise the socialists are going to take over — that’s how I see it, and that’s the path of poverty,” Mackey said. “They talk about trickle down wealth, but socialism is trickle up poverty. It just impoverishes everything, that’s my fear, that the Marxists and socialists, the academic community is generally hostile to business. It always has been.&nbsp;This is not new.”He was smart enough to understand the root of the problem, saying that America’s universities are generally “anti-capitalist.”Noting that he’s&nbsp;sometimes heckled when appearing at college campuses, Mackey said that while business students are usually receptive to his message, “professors are very skeptical, their arms are crossed and they want to argue with me about it.”The challenge is college business programs don’t feature enough “business people” — on that note, America regularly elects people to office with no real-world experience, outside of academia and government.“Intellectuals teach, mostly intellectuals, who’ve never actually been in business at all, right? It’s very interesting,” he said. “And who don’t actually understand business, who don’t particularly understand entrepreneurship, and actually can oftentimes be hostile towards the very thing they’re teaching. So that’s a particular challenge.”Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!PaySuccess! Thank you for donating. Please share BPR content to help combat the lies.Latest posts by Tom TillisonWe have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.PLEASE JOIN OUR NEW COMMENT SYSTEM! We love hearing from our readers and invite you to join us for feedback and great conversation. If you've commented with us before, we'll need you to re-input your email address for this. The public will not see it and we do not share it.Please enable JavaScript to view theLoad More1Enjoy the REAL news at your fingertips. You could be getting the best stories in your inbox twice a day.BizPac Review is under attack by progressive Silicon Valley zealots.They are taking away our advertising revenue, censoring our content,and threatening to de-platform us.We will no longer be beholden to them… but we need your help.Support our commitment to credible conservative news.

&nbsp;Get the latest BPR news delivered free to your inbox daily.&nbsp;CHECK OUT&nbsp;&nbsp;for best SWAG!Whole Foods founder and CEO John Mackey better be careful, the left-wing cancel culture may set their eyes upon him given his recent dig at socialism.Set against a backdrop of American universities turning out an entire generation of anti-capitalists who see socialism favorable, Mackey&nbsp;argued Tuesday at&nbsp;a discussion organized by the American Enterprise Institute&nbsp;that socialism is a failed system that “impoverishes everything,” Just the News reported.&nbsp;In response...

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Whole Foods CEO warns socialism is a failed system that 'impoverishes everything,' says colleges are the problem

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