Psychedelic therapies are receiving unprecedented financial and political support – and much of it comes from the right. Peter Thiel has invested extensively in the emerging psychedelic therapeutic industry. Jordan Peterson is a psilocybin fan. In 2018, the Mercer Foundation donated $1m to the Multidisciplinary Association for Psychedelic Studies (Maps), the leading US psychedelics research organization, for studies of MDMA treatment of PTSD in veterans.

The Mercer family also supports the American right wing and climate crisis denial. They’re a long way from Woodstock – but Maps and some other psychedelic advocates seem glad for any support they can get.

To be sure, there are plenty of leftists and liberals who endorse the medical use of psychedelics. In July, Alexandria Ocasio-Cortez offered a successful amendment to the new $768bn defense spending bill to support increased research into psychedelic treatment for veterans and active-duty service members. So did Dan Crenshaw, a navy veteran and Republican representative from Texas. Matt Gaetz, Republican from Florida and noted misogynist, offered a similar amendment.

Psychedelics have long been associated with utopian experiments. Today, some researchers dream of finding a scientific basis for the hypothesis that psychedelics might help end intractable political conflict. Last year, Maps and Imperial College London organized a joint ayahuasca trip for Israelis and Palestinians. In 2018, Imperial College received much attention for a tiny study suggesting that one dose of psilocybin therapy reduced support for “authoritarian attitudes”. Could psychedelics be the cure for anti-democratic tendencies? Rick Doblin, founder of Maps, has even suggested that psychedelic use could help stop environmental degradation.

Psychedelics can certainly increase openness – but this can be openness to Nazism, eco-fascism or UFO cults as well as to peace and love. Julius Evola, an Italian philosopher and fascist admired by both Hitler and Steve Bannon, was a staunch LSD advocate. Governor Greg Abbott of Texas, who recently made headlines for sending buses of migrants to New York, Washington and Chicago, signed a 2021 state bill to study the medical benefits of psychedelics. Steve Bannon supports legalized psychedelics, too.

As professors Brian Pace and Neşe Devenot point out in their work rebutting the science on psychedelics as a kind of medicine for authoritarianism, psychedelics have never had a purely leftwing fanbase. Andrew Anglin, the founder of the neo-Nazi website Daily Stormer, experimented extensively with psychedelics in his youth. The founder of 8chan, the now-defunct extremist message board that hosted the manifestos of several mass shooters, was inspired by a mushroom trip.

Why is the American right so intrigued by these substances today? The most obvious answer is money. As psychedelics are absorbed into mainstream medicine, they promise to become another American cash cow. Money will come from patents on novel formulations and by patenting and providing the associated treatment techniques.

There may be political factors at play, as well. Was the Mercer Foundation’s donation to Maps motivated by a desire to shore up American military resources by palliating the harms suffered by those sent to fight those wars? The military-industrial complex is even more lucrative than the pharmaceutical sector, but those weapons still require human beings to deploy them. Is rightwing psychedelic funding an attempt to ensure the continued viability of American wars around the world?

And, if MDMA is so helpful in the treatment of PTSD, why are veterans given special priority in a society that has traumatized so many people? What about the trauma of racism, of poverty, of police violence and mass incarceration – problems actively increased by rightwing policies supported by people like the Mercers?

Psychedelics have the potential to help people break out of repetitive, destructive thoughts, to help them discover new possibilities and new joy. But the effects of psychoactive drugs can never be detached from their setting.

It’s foolish to imagine positive transformation achieved with the help of Rebekah Mercer, Steve Bannon or Greg Abbott. After all, these are the same people who vociferously oppose universal healthcare and deny climate change. With their support, we can expect psychedelic medicine for the elite, as a tool of state power or an engine of conspiracy theories, rather than a liberationist psychedelic movement. Until we have universal, single-payer healthcare, the benefits of psychedelic therapy will be out of reach for most Americans.

And it’s naïve to expect psychedelics to change your mind for the better (in Michael Pollan’s formulation) when they’re a gift of the right wing, or when they’re offered within a framework of gross inequality. Look at Burning Man: this pseudo-utopia has become a playground of Silicon Valley’s ultra-rich. It leaves the desert strewn with thousands of abandoned bicycles and produces 12-hour traffic jams in the desert – which is hotter than ever thanks to our profligate burning of fossil fuels. With the wrong company, a journey of self-discovery can lead to even deeper solipsism. In fact, the illusion of transcendence can be used to justify greater selfishness, even cruelty.

Psychedelic therapies – like all other forms of care – should be available to those who need them, not only to those with money and connections and political utility. In the psychedelic community there’s a lot of talk about “integration”, a processing of your trip. But this “integration” is too often limited to the individual. To be truly beneficial, psychedelics should be integrated into a social vision of equality and justice, one that opposes the sacrifice of human life and health at the altar of military spending and empire building, one that values every life regardless of race, nationality, religion, gender or class.

Magic mushrooms are no magic cure for society’s ills, and a substance as powerful as psychedelics can be dangerous if it falls into the wrong hands. Psychedelic advocates need to stop cozying up to the right and expand their mission to encompass a commitment to broader social justice.

• Ross Ellenhorn is a sociologist, psychotherapist and author and the founder and CEO of Ellenhorn. His new book, Purple Crayons: The Art of Drawing a Life, is out on 1 November. Dimitri Mugianis is a harm reductionist, activist, musician, poet, writer, and anarchist, with over two decades of experience as a psychedelic practitioner. Ellenhorn and Mugianis are the founders of Cardea