Whole Foods CEO blasts socialism: It's 'trickle-up poverty' that 'impoverishes everything'

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November 28, 2020 - 3:58 PM

The CEO of one of the nation’s largest grocery chains criticized socialism and the private universities that openly attack capitalism.

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," Whole Foods CEO John Mackey said during an event organized by the American Enterprise Institute this week. "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."

Mackey expressed the belief that capitalism needs to be explained in a more articulate manner. Full storyhttps://www.washingtonexaminer.com/news/whole-foods-ceo-blasts-socialism-its-trickle-up-poverty-that-impoverishes-everything