Henry Hazlitt once said that good ideas have to be relearned every generation. Among the intellectuals of our time, capitalism is wildly unpopular. This in spite of the fact that it is the only social system that has permitted prosperity and flourishing.
Why they continue to oppose the free market in the face of such evidence is a matter of debate. Some have argued that intellectuals dislike capitalism because they feel it doesn’t offer them just rewards for their labors. Indeed, academic books do not sell particularly well, and it is easy for the dedicated scholar to feel a degree of envy when he sees “lesser” minds like John Grisham or J.K. Rowling bringing in boatloads of money for writing relatively straightforward fiction. (And that is to say nothing of professional athletes or, those most foul of professional villains, corporate CEOs.) FULL ARTICLE