Austonia daily newsletter—direct to your inbox 6 a.m.
×
becomeMemberIcon

become a member

John Mackey, the CEO and co-founder of Whole Foods Market, railed against Americans' growing interest in socialism on the Joe Rogan Experience.


"Capitalism is the greatest thing humanity has ever done," said Mackey, who is worth an estimated $100 million.

The episode launched as a Spotify exclusive Tuesday, as Rogan's podcast episodes are now exclusively available on the music platform.

Mackey attributed American's warming attitudes toward socialism to left-wing academics, whom he said have long been the enemies of entrepreneurs, stemming from a jealousy because "society doesn't value them" as much as business people.

Mackey has made similar statements about socialism and capitalism in other interviews in recent weeks, including with the American Enterprise Institute. He recently published the book "Conscious Leadership"—a follow-up to his previous title, "Conscious Capitalism"—that sparked the conversation on capitalism and socialism with Rogan.

Rogan offered a few thoughts about the topic himself.

"The problem a lot of people have with capitalism is that they attribute capitalism to greed," Rogan said. "I don't think there's anything wrong with contributing to a better community—making healthcare more affordable or free, making education more affordable or free. But human beings need incentives to perform."

A 2019 Pew Research Center survey found half of young adults under 30 expressed positive views of socialism — about an equal number to those who felt positively about capitalism. In another indication, the Democratic Socialists of America membership has jumped from 6,500 to 70,000 over the last six years.

Mackey co-founded Whole Foods Market from Austin in 1980. The grocery chain reportedly employs about 100,000 people, and was acquired by Amazon in 2017.

Whole Foods came under fire last year when Oxfam, an international nonprofit that focuses on global poverty, published a report that ranked Whole Foods as the worst on workers' rights issues among 10 major supermarkets, including Walmart.


More on Joe Rogan:

'Iconoclast' Joe Rogan is hard to define—can Austin figure him out?

Popular

After over a month of increasing cases and hospitalizations, Austin is now back at a Stage 4 threshold for risk-based guidelines. (St. David's Medical Center/Facebook)

For the first time since July 30, the seven-day moving average for COVID hospitalizations dropped below 50 on Tuesday, reaching the Stage 4 threshold.

Keep Reading Show less

(APD)

Austin's new police chief is former assistant chief Joseph Chacon, Austin City Manager Spencer Cronk announced Wednesday morning.

Keep Reading Show less

(Roger Ho/ACL Fest)

What, you think the only thing there is to do at Austin City Limits is to watch your favorite artists? Must be your first time. ACL is more than just a dreamy three-day soundscape in the park—between sets, the festival has so much to offer that it's nearly impossible to get bored.

Keep Reading Show less