Please, by no means am I suggesting NJ is an "intellectual"..... In fact, I'd classify him as anti-intellectual based on some of his ridiculous comments.
https://reason.com/archives/2015/10/27/why-intellectuals-hate-capital
Yet that misses the radical vision of capitalism at the heart of Mackey's thought. A high-profile critic of the minimum wage, Obamacare, and the regulatory state, Mackey believes that free markets are the best way not only to raise living standards but to create meaning for individuals, communities, and society
By the way, Thomas Sowell would agree completely with the following.
That's one of the main reasons the intellectuals have usually disdained commerce. They haven't seen it [as a] dynamic, creative force, because they measure themselves against these people, and they think they're superior, and yet in the social hierarchy they're not seen as more important. I think that drives them crazy.....
....
......Of course, that will stifle innovation. It'll stifle the dynamic creative destruction of capitalism. But I don't think they're thinking about it that way. They're very concerned about the motives of business, and they see it as this selfish, greedy, exploitative thing. Businesspeople can't be trusted, markets aren't just, they're not fair, so we need to intervene, we need to control this situation.
https://reason.com/archives/2015/10/27/why-intellectuals-hate-capital
Yet that misses the radical vision of capitalism at the heart of Mackey's thought. A high-profile critic of the minimum wage, Obamacare, and the regulatory state, Mackey believes that free markets are the best way not only to raise living standards but to create meaning for individuals, communities, and society
By the way, Thomas Sowell would agree completely with the following.
That's one of the main reasons the intellectuals have usually disdained commerce. They haven't seen it [as a] dynamic, creative force, because they measure themselves against these people, and they think they're superior, and yet in the social hierarchy they're not seen as more important. I think that drives them crazy.....
....
......Of course, that will stifle innovation. It'll stifle the dynamic creative destruction of capitalism. But I don't think they're thinking about it that way. They're very concerned about the motives of business, and they see it as this selfish, greedy, exploitative thing. Businesspeople can't be trusted, markets aren't just, they're not fair, so we need to intervene, we need to control this situation.
