Whole Foods CEO: Capitalism is amazing

Get Glenn Live! On TheBlaze TV

Whole Foods is a company Glenn loves to hate. He has a great deal of respect for CEO, John Mackey, but he doesn’t love the $1,400 they seemingly charge for a glass of milk. Mackey is inherently libertarian, though his views sometimes stray towards over-regulation when it comes to issues like organic food laws and providing comfortable transportation for live lobsters (?!) on their way to various Whole Foods outposts. Regardless, one thing is for certain, Mackey understands capitalism, and he eloquently expressed his views on the free market system in a recent interview.

“Very smart guy,” Glenn said about Mackey on this morning’s radio program. “You know what I love about libertarians? We don’t agree on everything, but capitalism is the way to go.”

MACKEY: Whole Foods is very frequently criticized, most recently in the New York Times, for being a – you know, one of the big corporations that is corrupting organic. And just because we’re large, a lot of suspicion and mistrust just because there’s such an anti-corporation mentality by a lot of people in the country.

His remark touches on the growing problem in this country – people are being told not to trust corporations because they are painted as large, scary, greedy, selfish, exploitative, sociopaths that care about nothing but turning a profit. This is simply not true, and Mackey continued his defense of the free markets by talking about the ‘good’ corporations do.

MACKEY: Well, capitalism of course itself has been amazing. It’s been – our first chapter in our book is extraordinary success, or capitalism. The second chapter is why isn’t capitalism better loved? And we put forth the thesis that we need a new narrative for it. We need to think about business differently, that business has the possibility to have a higher purpose besides just making money. There’s nothing wrong with making money, but that’s not particularly inspiring. And every other profession in the world, from doctors, teachers, engineers, architects, lawyers, if you ask what their purpose is, and it refers back to some type of contribution they are making to other people. And business is the greatest value creator in the world. Business creates value for its customers, for its employees, for its suppliers, for its investors, for the larger communities it’s part of. They’re the value creators. We are the value creators. We’re the heroes. And yet that’s not the narrative that’s told about business. So we’re telling that narrative, and at the same time we’re challenging business to be more conscious and to take their value creation to a higher level and understanding that all of these stakeholders they’re creating value for are connected together and so you ought to strategically organize your business in such a way that you can optimize value for all of those stakeholders.

“That’s amazing,” Glenn said. “That’s exactly the way people should be running their companies.”

Agree or disagree with Mackey politically, his commentary is spot on. “He’s right about capitalism,” Glenn continued. “And yet, because of politics, they will take him down. People will go and they will demonize him, and they’ll make his job harder.”

Ultimately, capitalism is what creates the wealth and prosperity that allows people to live good and productive lives. It employees people and creates a profit, while providing services for the public. “The best thing you’ll ever do to help people is this company and running it well and turning a profit,” Stu said to Glenn. “That helps all the employees who work here. All those people go and spend their money in the economy. They essentially, in effect, employ other people with that money. This is, what you – I mean, charities are fantastic and obviously they’re very much needed, but capitalism is really what brings prosperity and wealth.”

Unfortunately, with the current narrative painted so solidly anti-corporation, it won’t be easy to convince people of the good that can come from big business and free market principles.

“They just don’t see it,” Glenn concluded. “They don’t see how you can be a corporation and be good.”

  • http://www.artinphoenix.com/gallery/grimm snowleopard (cat folk gallery)

    Honest, open competition of a free market – better quality of goods to meet the demands of the people, at prices they are willing to pay.

    Government control – failure after failure without ending and unable to make reality sink into the brains of the Communists/Socialists who fail to understand that freedom allow success; that the government control only assured failure and destruction.

    Its that simple.

  • http://youtu.be/0iRCvDwF26Q Rahm Kota

    Yes it is! 

  • Anonymous

    It’s been the Left Wing’s narrative for the last 4 years because they have to change the the focus away from Obama’s miserable record as president. Of course the narrative has almost the entire MSM support since they are invested in his reelection.

  • http://twitter.com/michaelgrowe Michael Growe

    Sorry Guys.  They all three have it wrong on organic.   What he said about companies cheating he meant companies like Kashi putting GMO ingredient in their food.  Whole Foods found out and kicked them off the shelves.  Now “some” kashi products carry the NON_GMO CERTIFIED seal.  His company is hold “all natural” and organic food producers to a hire standard, In other words making it harder for them to cheat and sell their products in the fastest growing grocier in America.   Organic is not a scam, the companies like Lays who says that their original chips are “all natural” contain GMO is a scam. 

  • Anonymous

    Whole Foods bought their 5th store in Dallas, which was a truly organic shop and was formally called Bluebonnet. Slowly it became commercialized and the organic selection faded and became more expensive. Today, 26 years later it’s just a whole foods store.
    Mar 1st 2012 Ben Cohen went on CSPAN and he said, well he just stumbled upon his fortune of millions. Plus he thinks the occupy movement needed his funding help.Both men are capitalizing on hippies. Poor hippies ….. don’t let them get all your dough.

  • greywolfrs

    What? Capitalism is great? No wealth redistribution? No “to-big-to-fail?” No equality, regardless of how lazy some people are? WHAT?
    People like sticky chin would actually have to work for a lving? OH THE HORROR!

  • http://pulse.yahoo.com/_FPPLBUFZMIJLGIIUMMRPGUQE6I Banh

    Well, corporations per se are not a harmful force in capitalism, they are just a structure. But, when you go from millions in sales to billions in sales, then set up shop with lobbyists in the Beltway, capitalism goes really sour because the influence on legislation gets to be too much about protecting Big C corporations from competition, taking jobs to countries like Communist China which threaten American security and sovereignty. The largest US corporations get to set political policy as well. It’s taken the form of an oligarchy, and we know how they work from watching the political power process in Russia, etc.

    There’s a big difference between traditional capitalism and corporatism ala DC Beltway Plan. It is a screw job on small business and corporations to allow our Oligarchy to run the American business community. It sucks to read anti-capitalist bull crap from the Left and not have someone in the Republican Party stand up to it. The problem is that the R party is no longer the traditional small-business party we used to have. It’s NeoCon now, it runs on a religious base, it runs interference for the oligarchy and military industrial complex, and small business has been swept into the corner. It’s smelling like Fascism around here.    

  • http://www.facebook.com/mary.t.delbuono Mary Theresa Del Buono

    Oh…my oh my…what is wrong with people…a business is not there to make no money … it has to pay for stuff just like us…lights…heat/air…water…insurances…all kinds of other expenses…workmen’s comp….pay check companies….even if they have 4 or 5 employees…must have paper products for bathrooms…cleaning problems…late night clean up??? who does that one???  some employee…many other expenses…so they must charge a little more…sometimes produce is more expensive…but their packaging sometimes is larger…not always…I like the small store…no light bulbs or charcoal or eyeglasses…sold there…we need variety of shopping…I am married 41 years…shopped a lot…tired of the same old stores…give me a different type of store to shop at…with good food…I don’t buy all of my stuff there…must be frugal on some things…and you know some big stores still sell Kashi…heeeheee…we all know it has to have something in it to keep the shelf life…or it would be bad in a week or two…besides I don’t like Kashi…tastes like carboard to me…just my opinion…Good luck with the prices after this storm…gas going up is more important right now to me…

  • Anonymous

    Glenn, Stu & Pat,

    Love you guys! Agree with you 90% of the time but you’re out of your depth on the organic issue. I’m pretty sure that Mackey understands this issue better than you and everyone else that runs on about it. He started in a tiny room in Austin, TX (see below) and has grown Whole Foods into a multi-billion dollar business that employs thousands of people and is a positive force in every community they are located. Pretty sure he’s informed himself on the issues. It doesn’t help your cause when you try to take a guy like this down a notch. 

    Just sayin’.

    In 1978, twenty-five year old college dropout John Mackey and twenty-one year old Rene Lawson Hardy, borrowed $45,000 from family and friends to open the doors of a small natural foods store called SaferWay in Austin, Texas (the name being a spoof of Safeway, which operated stores under their own name in Austin at that time). When the couple got booted out of their apartment for storing food products there, they decided to simply live at the store. Since it was zoned commercial, there was no shower stall. Instead, they bathed in the Hobart dishwasher, which had an attached water hose.

  • MarsBarsTru7

    Seems like a decent fellow, but his influence increasing regulation in the marketplace is completely antithetical to both libertarianism, and the free market itself. It isn’t capitalism. It’s corporatism and it’s ridiculously common among successful businesses throughout the country. He’s not doing much that any other successful corporation in this country hasn’t been doing for the last 100 years. He got success and influence and now uses that influence to push regulations in his market which subsequently makes it more difficult for smaller businesses that would otherwise be his competition to compete in the market. That’s precisely one the primary poisons in our economy.

    All the pro-Capitalism and pro-Libertarianism speech in the world doesn’t change what Mackey does in practice. Practice what you preach Mackey.

  • jiujie798

    tinyurl.com/cyk9xz2

  • jiujie798

    tinyurl.com/cyk9xz2

  • Anonymous

    Apparently it’s been 3 days, and sticky chin still hasn’t showed.  What’s wrong?  Is he on vacation, lol?

  • greywolfrs

    He may be using his other account, vicki tiffany.

  • SoThere

    He’s been drinking the blue cool aid that he’s found in the toilets he cleans.

  • AdamAnt

    Is that who I heard gargling in the latrine???

  • SoThere

    He still hasn’t learned that those white things in the urinals aren’t mints!

  • AdamAnt

    I can’t wait until he sees these posts! ROTFL!

  • SoThere

    He only comes here to post his hate for Glenn Beck. It’s what he’s programmed to do.

  • AdamAnt

    He is one of many programmed non-thinkers, some paid, some not. No matter how long he is gone, you can depend on his return to spew more idiotic hatred.

  • Anonymous

    who is sticky chin?

  • Sandie

    strtlk

  • Anonymous

    Wonder if he’s the one Vic refers to as his alter ego…the one he posts as when he’s not posting as Victor Tiffany. LMAO

  • Sandie

    OMG he was gargling in the latrine? He thought when they handed him the blue bottle and said take this to the latrine that they said take this Listerine. See what happens when one doesn’t pay attention to what people are saying?

  • Sandie

    ROTFLMAO

  • Sandie

    It reminds me of how dogs return to smell their own sh!t again.

  • Sandie

    LOL and then Along Came Jones.

  • AdamAnt

    Look for the guy with the blue lips and tongue – that’s him.

  • TheMaskedMarauder

    Victor – He’s so stupid!

  • Sandie

    uh-huh