Whole Foods CEO called Obamacare fascism and then backtracked on that word a little bit. He clarifies his position in this CNN interview.
Echoing his statement yesterday that he regrets using the word “fascism,” Mackey explained, “That was a bad choice of words, but traditionally socialism means that the means of production are run by the government and in fascism the means of production are still owned by private individuals but they’re controlled by the government. And what’s happening. Our health care system is moving away from free enterprise capitalism towards greater governmental control. That was a poor choice of words due to the baggage and associations that go along with it. So now I’m just calling it ‘government-controlled health care.’”
Mackey responded that he provides health insurance for 73,000 Whole Foods employees and some provisions of Obama’s health care law will raise his company’s costs. “It’s making it more difficult to provide the insurance at affordable rates to our team members, so I’m trying to protect them as well as I can,” he said.