Home
/
RELIGION & LIBERTY ONLINE
/
Charles Koch on Cronyism
Charles Koch on Cronyism
Aug 6, 2026 6:00 AM

You are unlikely to find a pair of siblings who are both as admired and reviled as the Koch brothers. Charles and David Koch are billionaire philanthropists, heads of the nation’s second largest pany, and activists who promote libertarian causes. To many on the right, the brothers are virtuous champions of liberty. To many on the left, the duo is the greatest threat to humanity since global warning (which some on the left would directly attribute to the Kochs).

Both defenders and detractors should be able to set aside their differences, though, and join in agreement with the Kochs on at least one issue: croynism. In a recent interview with the Wichita Business Journal, Charles Koch explained how cronyism hurts us all — especially the poor:

I think one of the biggest problems we have in the country is this rampant cronyism where all these panies are into smash-and-grab, short-term profits, (saying) how do I get a regulation, we don’t want to export natural gas because of my raw materials … well, you say you believe in free markets, but by your actions you obviously don’t. You believe in cronyism. And that’s true even at the local level. I mean, how does somebody get started if you have to pay $100,000 or $300,000 to get a medallion to drive a taxi cab? You have to go to school for two years to be a hairdresser. You name it, in every industry we have this. The panies try to keep the new entrants down. Now that’s great for pany like ours. We make more money that way because we have petition and less innovation. But for the country as a whole, it’s horrible.

And for disadvantaged people trying to get started, it’s unconscionable in my view. I think it’s in our long-term interest, in every American’s long-term interest, to fight against this cronyism. As you all have heard me say, the role of business is to create products that make people’s lives better while using less resources to do it and making more resources available to satisfy other needs. When pany is not being guided by the products they make and what the customers need, but by how they can manipulate the system — get regulations on petitors, or mandates on using their products, or eliminating petition — it just lowers the overall standard of living and hurts the disadvantaged the most. We end up with a two-tier system. Those that have, have welfare for the rich. The poor, OK, you have welfare, but you’ve condemned them to a lifetime of dependency and hopelessness. Yeah, we want hope and change, but we want people to have the hope that they can advance on their own merits, rather than the hope that somebody gives them something. That’s better than starving to death, but that, I think, is going to wreck the country. Is it in our business interest? I think it’s in all our long-term interests. It’s not in our short-term interest. And it’s about making money honorably. People should only profit to the extent they make other people’s lives better. You should profit because you created a better restaurant and people enjoyed going to it. You didn’t force them to go, you don’t have a mandate that you have to go to my restaurant on Tuesdays and Wednesdays or you go to prison. I e on. You feel good about that?

Read more . . .

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
George Soros, philanthropist with a political agenda
Update: Thomas D. Williams at Breitbart now has a report on the Soros donations, based on the Sirico essay. George Soros’ Open Society Policy Center recently had a large set of documents exposed by the international organization, WikiLeaks. It turns out that these documents revealed information of how Mr. Soros’ organization made large monetary donations to two faith-based organizations in the amount of $650,000. Acton Institute president, Acton’s Rev. Robert Sirico talks about the Open Society Policy Center leaks and...
John Locke: ‘Father of Liberalism’
On this day in 1632, one of the greatest champions of liberty and someone often referred to as the “Father of Liberalism,” John Locke, was born. Although Locke’s philosophy played a crucial role in the American founding, there is still much that we can learn from his writings today. Here are 5 things to remember about Locke on his birthday: Locke offered one of the first and most recognized theories of private property. To this day, many still refer to...
The doom delusion: overcoming pessimism in a prosperous age
Global poverty is on the decline. Technological progress is pacingat break-neck speed. Freedom and opportunity are spreading across the world.And yetour political classes and popular masses continue to preach of impending doom. Why do we haveso muchpessimism in an age of such pronouncedprosperity? In a splendidessayfor The Spectatoron the “doom delusion,” Johan Norberg argues that, on the whole, there is actually great cause for optimism. Writing in a vein similar to thinkers such as Matt RidleyandDeirdre McCloskey, Norberg reminds us...
Does the Catholic Church oppose the free market?
Modern Catholic social teaching has been articulated, as the U.S. Conference of Catholic Bishops notes, through a tradition of papal, conciliar, and episcopal documents. These documents developed a number of themes related to economic and social policy, such as the option for the poor and vulnerable and the dignity of work and the rights of workers. Because of this focus, Catholic social teaching on economics is often associated with the political left. But is that a fair assessment? James Baresel...
Colleges don’t need ‘trigger warnings’ — and neither do Christian students
In the early 1930s a student organization at the University of Chicago invited William Z. Foster, the Communist Party’s candidate for President, to give a lecture on campus. Not surprisingly, the event sparked outrage and criticism, both at the school and around the country. In response the school’s president, Robert M. Hutchins said, “our students . . . should have freedom to discuss any problem that presents itself” and said the “cure” for ideas we oppose “lies through open discussion...
Berman on Law and Economics
In his magisterial Law and Revolution, Berman includes these incisive observations in his conclusion: Law is as much a part of the mode of production of a society as farmland or machinery; the farmland or machinery is nothing unless it operates, and law is an integral part of its operation. Crops are not sown and harvested without duties and rights of work and exchange. Machinery is not produced, moved from the producer to the user, and used, and the costs...
Audio: Michael Matheson Miller on the Preconditions for Human Flourishing
Acton Research Fellow and Director of Poverty, Inc. Michael Matheson Miller joins host Bill Meyer on The Bill Meyer Show on KMED Radio in Medford, Oregon, to discuss how to genuinely help those around the world who remain mired in poverty. He notes that often, foreign aid tends to support the “big three” items: education, infrastructure, and health care. But the question remains: are these things the cause of wealth, or are they the result of wealth? The answer to...
Why chairs are cheap and EpiPens are expensive
Approximately 1 in 50 Americans are at risk of anaphylaxis, a severe and potentially life-threatening allergic reaction caused by such conditions as food allergies or exposure to the venom of bee stings. Fortunately, people at risk of anaphylaxis can get a prescription for an epinephrine autoinjector that goes by the brand name EpiPen.By self-injecting epinephrine at the onset of anaphylaxis they can be stabilized long enough to seek medical treatment. In 2007, the cost was approximately $100 (the medicine in...
What Christians can learn from Adam Smith’s ‘paradox of value’
In a new video from TED Ed, Akshita Agarwal provides a quick lesson on Adam Smith’s “paradox of value” and the differences between “value in use” and “value in exchange.” For Christians, there’s a crucial lesson here about the best way to meet humanneeds in the economic order,whether throughtrade policy, reducing price controls,orany number of other areas.Discerning “economic value” is a tricky thing, andfree economies are a handy tools for working through these thingsinpeaceful and productive ways. But as Agarwal...
Is Jesus’ parable of the workers about minimum wage laws?
There is an old preachers’ tale of a young man who turned to the Bible for guidance on making decisions. Using the text as a divining rod, he would flip through Scripture and let his finger land on a verse, using the result as a divine insight into how he should decide. One day while wondering what to do with his life, he flipped his Bible open and pointed to Matthew 27:5. He read, “[Judas] went and hanged himself.” He...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved