Charles Koch Quotes
All the corporate welfare, yeah, it goes from cash payments to debt, to regulations on the competitors, to restrictions on trade, to mandates. You name it, anything so that business doesn't have to do a better job of creating value for others - they can just get the system in their favor.
Koch, Charles G. Interview by Stephen J. Dubner. "Why Hate Charles Koch?" Freakonomics Radio, WNYC Studios, 22 June 2017.
The Kimberly and Comstock lodes were natural deposits of copper and silver so close to the surface that it required very little work to remove the metal and sell the it.
While this is a common complaint in the American political dialogue at the beginning of the 21st century, it is interesting that this was the conclusion of a foreign political scholar studying that period—one who was generally a great admirer of America.
She was then the European Commissioner for Competition.
This criticism of business has been made ever since by many opposed to protectionism, corporate welfare, subsidies, and bailouts. Yet they get bigger each decade.
The “folks” were private corporations want to run schools and have won some contracts to operate Charter Schools. They argue that the free market should prevail when it comes to education and schools should not necessarily be run by local governments. Corporations should be given a chance in a “free market.” However, as Molnar observes, there is more than a little hypocrisy in the these educational corporations totally depend on public, tax dollars for the existence. Ironically, there is a sound market for elite private schools which are in a free market which are funded with private money. However, these educational corporations have chosen NOT to compete in this private arena. They only want public money. Critics argue that they are not very good at operating schools but are quite skilled at politically obtaining taxpayer money. So far there is no data from objective studies which shows that these educational corporations can operate better or less expensive schools.
Charles de Ganahl Koch is an American billionaire businessman and philanthropist. As of April 2021, he was ranked as the 15th-richest person in the world on Bloomberg Billionaires Index, with an estimated net worth of $63.1 billion. Koch has been co-owner, chairman, and chief executive officer of Koch Industries since 1967, while his late brother David Koch served as executive vice president. Charles and David each owned 42% of the conglomerate. The brothers inherited the business from their father, Fred C. Koch, then expanded the business. Originally involved exclusively in oil refining and chemicals, Koch Industries now includes process and pollution control equipment and technologies, polymers and fibers, minerals, fertilizers, commodity trading and services, forest and consumer products, and ranching. The businesses produce a wide variety of well-known brands, such as Stainmaster carpet, the Lycra brand of spandex fiber, Quilted Northern tissue, and Dixie Cup.
