John Mackey, co-founder and CEO of Whole Foods, worries that socialism is on the rise in the US
“My concern is that I feel like the socialists are taking over,” Mackey, who will retire from the Amazon grocery chain later this month after 44 years with the company, said on a podcast with Reason Magazine this week. “They march through the institutions.”
Socialists have “taken over education. It looks like they’ve taken over a lot of companies. It looks like they’ve taken over the military. And it just keeps going – that’s why I’m deeply concerned,” he added.
Mackey, who espouses the idea of ”conscious capitalism” — which he describes as a management philosophy centered on ethical business practices — also questioned the work ethic of younger Americans.
“I feel like I’ve become my father. I don’t understand the younger generation – they don’t seem to want to work,” Mackey, 68, told Reason, saying that the improved unemployment benefits will be offered to people who lost their jobs during the COVID-19 pandemic, as Whole Foods did made it difficult to find workers.
Federal unemployment assistance ended in September 2021.
Amazon bought Whole Foods in 2017 for $13.7 billion.
After ending his career at Whole Foods, Mackey plans to launch a chain of restaurants specializing in plant-based foods along with medical wellness centers, according to Bloomberg.
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Alain Scherter