.. Even today, when the horrors of communism are known to everyone, social democrats the world over continue to denounce and undermine private property rights and seek to replace them with some form of collectivized property. Since the late nineteenth century, most intellectuals have been hostile to private property rights and have advocated, if not outright communism, at least some “third way” closer to it than to a regime of full-fledged private property.
.. Hayek argues that human beings .. retained .. a genetic predisposition to conduct their affairs in the communal fashion of families and small bands from time immemorial. However, Hayek argues further, the altruism and fully-shared information that had undergirded the conduct of the family and the band do not, indeed, cannot exist in the great society ..
.. Ludwig von Mises argues in The Anti-Capitalist Mentality that the intellectuals suffer from frustration, envy, and resentment and blame their relatively poor position in the economy and society on “the rich,” especially the capitalists who have gained the greatest wealth by serving consumers most successfully in the markets.
In an essay titled “Why Do Intellectuals Oppose Capitalism?,”Robert Nozick argues similarly that the intellectuals .. convinced that the smart people (that is, those who were good at school) should run the world and rise to the top of society, harbor intense resentment toward the people who navigate the market most successfully and hence toward the socioeconomic order that accommodates this success.