I studied what principles under-laid peace and prosperity and concluded the only way to achieve societal well-being was through a system of economic freedom.
Far too many businesses have been all too eager to lobby for maintaining and increasing subsidies and mandates paid by taxpayers and consumers.
The easy way to make money is to get special political privilege. From the beginning of time, business has cozied up to government and gotten restrictions on competition and subsidies and stuff.
From the beginning of time, business has cozied up to government and gotten restrictions on competition and subsidies and stuff.
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.
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.
Laying the groundwork for smaller, smarter government, especially at the federal level, is going to be tough. But it is essential for getting us back on the path to long-term prosperity.
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.
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.
Crony capitalism is much easier than competing in an open market. But it erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want.
The role of business is to provide products and services that make people's lives better - while using fewer resources - and to act lawfully and with integrity.
I believe my business and non-profit investments are much more beneficial to societal well-being than sending more money to Washington.
Koch companies employ 60,000 Americans, who make many thousands of products that Americans want and need.