We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
... intellectuals are a paradoxical product of the market economy, because “unlike any other type of society, capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest.” Like Hayek, Schumpeter described intellectuals broadly as “people who wield the power of the spoken and the written word.” More narrowly, “one of the touches that distinguish them from other people who do the same is the absence of direct responsibility for practical affairs.” That is, intellectuals do not participate in the market (at least not in the areas they write about), and do not generally rely on satisfying consumers to earn a living. Add to this their naturally critical attitude—which Schumpeter argues is the product of the essential rationality of the market economy—and it is easy to see why intellectuals would be hostile to the market.
I beg to differ. All economies have their intellectual class,whether it is the witch doctor of hunting-gathering societies; the philosopher schools of Athens; monasteries of the Middle Ages; Universities of the Renaissance; or Church based universities of the 1700's. All these religious institutions had their intellectuals dabbling in astronomy, medicine, math, physical,sciences. Secular intellectuals are a fairly recent addition of the Enlightenment and industrialization.. There are always those who find thinking and knowing more rewarding than labor or skilled artisans. The amazing thing is that the intellectual would always be a rebellious spirit of their Age and society. There is always a dissatisfaction with the status quo and wanting/proposing a better way. Maybe that is progress. Or maybe it is the ancient longing to build Utopia. Left alone, Capitalism would stagnate into cartels, price fixing and wage slavery. All systems work best with several balancing/competing centers of power; industry, government, unions; kings, merchants, church, knights; tribal chief, witch doctor, warriors. Just my two cents.
"it is easy to see why intellectuals would be hostile to the market"
There's always the problem that the market doesn't value their intellectual product at anything like the exalted heights they expected. Must be something wrong with that market, yes sir. "But I'm an A+ student!"
Eh, what's that you say? An intellectual is discussing what some other intellectual(s) wrote? About economics of all things? And while he disagrees in some esoteric particulars with his fellow intellectual(s) and agrees in some nebulous manner with others, he shares with all intellectuals everywhere the firm conviction that what they each think is of the utmost importance? Jeepers, I am impressed. I am also fairly certain that if I were an intellectual, I would likely be inclined to impress upon others the importance of my opinion.