A Capitalist for Capitalism

http://www.futureofcapitalism.com/2011/02/a-capitalist-for-capitalism

Koch Industries chairman and CEO Charles Koch has an op-ed piece in the Wall Street Journal:

Government spending on business only aggravates the problem. Too many businesses have successfully lobbied for special favors and treatment by seeking mandates for their products, subsidies (in the form of cash payments from the government), and regulations or tariffs to keep more efficient competitors at bay.

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.

by Ira Stoll  |  Feb 28, 2011 at 9:04 pm receive the latest by email: subscribe to the free futureofcapitalism.com mailing list