On Tuesday, November 12, Whole Foods CEO John Mackey and Reason editor-in-chief Katherine Mangu-Ward debated Jacobin founder Bhaskar Sunkara and economist Richard Wolff on the motion “Capitalism Is a Blessing” in front of a live audience in NYC.
Recent polls show that two out of three Americans support capitalism. But some Americans are starting to consider socialism as a viable economic and political model. Supporters of capitalism claim that no other system has been as effective in creating value, increasing prosperity, and producing the wealth that has lifted billions of people out of poverty. Critics, however, argue that capitalism is inherently exploitative and that a capitalist system is rigged to benefit the wealthy and powerful. Who is right, and is capitalism here to stay? On Tuesday, November 12, Intelligence Squared U.S. concludes their fall season with a live debate on the motion “Capitalism Is a Blessing.”
Arguing in favor of the motion are John Mackey, co-founder and CEO of Whole Foods, and Katherine Mangu-Ward, editor-in-chief of Libertarian magazine Reason. Arguing against the motion are Bhaskar Sunkara, is the founding editor of socialist magazine Jacobin, and Professor Richard D. Wolff, a Marxian economist.
Arguing For the Motion
John
Mackey: Co-Founder & CEO, Whole Foods Market
John Mackey, co-founder and CEO of Whole Foods Market, has led the natural and
organic grocer to become an $18 billion in revenues company that is now owned
by Amazon. With more than 500 stores and 95,000 team members in three
countries, the company was named by Fortune magazine as one of “The
Hundred Best Companies to Work For” for 20 consecutive years. A strong
believer in free market principles, Mackey co-founded the Conscious Capitalism
Movement and co-authored a New York Times and Wall Street Journal best-selling
book, titled “Conscious Capitalism, Liberating the Heroic Spirit of
Business.”
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Katherine Mangu-Ward: Editor-in-Chief, Reason
Katherine Mangu-Ward is editor-in-chief of Reason, the libertarian magazine of
“free minds and free markets,” and co-host of the Reason Podcast. A
Future Tense fellow at New America, her writing has appeared in the Wall Street
Journal, the Washington Post, Los Angeles Times, Slate, and numerous other
publications. She is a frequent commentator on radio and television networks,
including National Public Radio, CNBC, C-SPAN, Fox Business, and MSNBC.
Arguing Against the Motion
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Bhaskar Sunkara: Founding Editor, Jacobin
Bhaskar Sunkara is the founding editor of Jacobin magazine and publisher of
Catalyst journal, both of which offer socialist perspectives on politics,
economics, and culture, as well as critiques of capitalism from a global
perspective. An advocate of democratic socialism, he is the author of “The
Socialist Manifesto: The Case for Radical Politics in an Era of Extreme
Inequality,” and a columnist at The Guardian.
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Richard D. Wolff: Professor Emeritus of Economics, University of Massachusetts
Amherst
Richard D. Wolff is a Marxian economist and professor emeritus of economics at
the University of Massachusetts Amherst. He is currently a visiting professor
at the New School University and previously taught at Yale University. Wolff is
the founder of Democracy at Work and has written or contributed to over a dozen
books, including his most recent, “Capitalism’s Crisis Deepens: Essays on
the Global Economic Meltdown,” and “Understanding Marxism.”
Wolff earned his bachelor’s at Harvard and his master’s in economics and
history, as well as a doctorate in economics, at Yale.
ABOUT
INTELLIGENCE SQUARED U.S. DEBATES (IQ2US)
A non-partisan, non-profit organization, Intelligence Squared U.S. was founded
in 2006 to address a fundamental problem in America: the extreme polarization
of our nation and our politics. Their mission is to restore critical thinking,
facts, reason, and civility to American public discourse. The award-winning
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170 debates and counting, Intelligence Squared U.S. has encouraged the public
to “think twice” on a wide range of provocative topics. Author and
ABC News correspondent John Donvan has moderated IQ2US since 2008.
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