Why Intellectuals Still Support Socialism

Peter G. Klein writes about Intellectuals and Socialism(the clarion cry of many African Intellectuals):

Academics don't know much about how markets work, since they have so little experience with them, living as they do in their subsidized ivory towers and protected by academic tenure. As Joseph Schumpeter explained in Capitalism, Socialism, and Democracy, it is "the absence of direct responsibility for practical affairs" that distinguishes the academic intellectual from others "who wield the power of the spoken and the written word." This absence of direct responsibility leads to a corresponding absence of first-hand knowledge of practical affairs