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But it [crony capitalism] erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want.

Charles Koch

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Charles Koch
Age: 89
Born: 1935
Born: November 1
Businessman
Businessperson
Wichita
Kansas
Charles G. Koch
Charles de Ganahl Koch
Entrepreneur
Erode
Provide
Favored
Capitalism
Entrepreneurs
Standards
Rewarding
Rather
Overall
Crony
Living
Politically
Stifles
Standard
Erodes
Consumers
Cronies

More quotes by Charles Koch

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I don't have all the answers. I have a lot of questions. And I have some basic principles.
Charles Koch
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Far too many businesses have been all too eager to lobby for maintaining and increasing subsidies and mandates paid by taxpayers and consumers.
Charles Koch
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I think this is so important - what's not done well at education at every level - is helping kids find, as I discovered for myself, what I was good at. I was very lucky to find out that at an early age, which set my direction in life.
Charles Koch
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For business to survive over a long period, it needs to be contributing to society and people's well-being. Otherwise, who's going to want it? Otherwise you end up like Enron or some of these other companies.
Charles Koch
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No centralized government, no matter how big, how smart or how powerful, can effectively and efficiently control much of society in a beneficial way. On the contrary, big governments are inherently inefficient and harmful.
Charles Koch
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Everything I give, pretty much, is public. Not every donor wants to - or is willing to get the kind of abuse and attacks that we do, or death threats, so they're not willing to have their names out. I think the other side is pushing for that because they want to intimidate people so they won't oppose it.
Charles Koch
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Innovation comes from recombining existing technology and different perspectives in innovative ways.
Charles Koch
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We try to evaluate how much value an employee is creating here and reward them accordingly.
Charles Koch
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They say your genetics are going to set your direction regardless of what happens, but I think there's more to it than that.
Charles Koch
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My parents worked really hard at communicating other values they felt were important, such as integrity, courage, humility, treating others with dignity and respect, and having a thirst for knowledge.
Charles Koch
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To be happy you have to fulfill your nature. That's what Aristotle taught so many centuries ago, that the road to happiness isn't to go drink more or consume more. The road to happiness is to fully develop your abilities, and then apply them to do good.
Charles Koch
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We try to reward people according to the value they create, value they create in society and for the company.
Charles Koch
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All of our policies are based on whether it will make - enable people to improve their lives or it will make their lives worse.
Charles Koch
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The great thing about my parents is they didn't preach anything they didn't practice.
Charles Koch
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We oppose all corporate welfare, whether we benefit or not. You will find that our policy positions mainly hurt our profitability rather than help it.
Charles Koch
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Many businesses with unpopular products or inefficient production find it much easier to curry the favor of a few influential politicians or a government agency than to compete in the open market.
Charles Koch
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Far too many businesses have been all too eager to lobby for maintaining and increasing subsidies and mandates paid by taxpayers and consumers. This growing partnership between business and government is a destructive force, undermining not just our economy and our political system, but the very foundations of culture.
Charles Koch
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The reason we tend to support Republicans is they're taking us toward the cliff at only 70 miles per hour miles an hour and the Democrats are taking us 100 miles an hour.
Charles Koch
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Innovation doesn't come from one big thing, it comes from a piece at a time, from combining existing technology. We have in a sense a stagnation, in all those areas where we have cronyism and political correctness and the precautionary principle. Get all of those together, then yeah, you have stagnation, and that's what we're seeing.
Charles Koch
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Why I've never been that fond of politics and only got into it recently kicking and screaming, because I don't think politicians are going to reverse the trajectory of this country. I think it's going to depend on the American people understanding what is fair and what makes their lives better.
Charles Koch