American - Businessman | November 1, 1935 -
Our elected officials would do well to remember that the most prosperous countries are those that allow consumers - not governments - to direct the use of resources. Allowing the government to pick winners and losers hurts almost everyone, especially our poorest citizens.
Charles Koch
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Koch companies employ 60,000 Americans, who make many thousands of products that Americans want and need.
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Far from trying to rig the system, I have spent decades opposing cronyism and all political favors, including mandates, subsidies and protective tariffs - even when we benefit from them.
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I believe that cronyism is nothing more than welfare for the rich and powerful, and should be abolished.
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I don't want to dedicate my life to getting publicity.
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From the beginning of time, business has cozied up to government and gotten restrictions on competition and subsidies and stuff.
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The best way to make money is to have more economic freedom, which is why we are one of the very few large companies that are consistently for it.
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You pass a program and get people dependent on it, making it brutal to get rid of. The key is not letting it get started.
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When you start attacking cronyism and people's political interests, it gets nasty.
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The successful companies try to keep the new entrants down. Now that's great for a company like ours. We make more money that way because we have less competition and less innovation. But for the country as a whole, it's horrible.
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We are not trying to prevent new clean energy businesses from succeeding. Any business that's economical, that can succeed in the marketplace, any form of energy, we're all for. As a matter of fact, we're investing in quite a number of them, ourselves - whether that's ethanol, renewable fuel oil.
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It's not going to help the country to be subsidizing uneconomical forms of energy - whether you call them 'green,' 'renewable' or whatever. In that case, the cure is worse than the disease.
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