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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
Standards
Rewarding
Rather
Overall
Crony
Living
Politically
Stifles
Standard
Erodes
Consumers
Cronies
Entrepreneur
Erode
Provide
Favored
Capitalism
Entrepreneurs

More quotes by Charles Koch

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Our system here of creating value for others and having people do the right thing, exchange information, and so on only works if people have the right values.
Charles Koch
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Just keep trying things, without really understanding the underlying fibers of well-being, or peace or civility, then you're just going to stumble from one disaster to another.
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I get a lot of death threats. But the way I look at it, I feel I have a moral obligation to do the best I can to make the country better for everybody, and that threatens certain people because they're going to have much less power. I want the power to go back to people making decisions over their own lives rather than some experts making it.
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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.
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The problem is, to have prices fall would work fine if we didn't have all these built in rigidities on downward prices, because then things don't adjust, and that's how we have recessions and depressions, is prices and costs don't adjust together and they get out of whack, and we end up with dislocations.
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I think our biggest problem in society is we're headed more and more toward a two-tiered society. That is, creating welfare for the wealthy and destroying opportunities for the disadvantaged.
Charles Koch
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I've always believed in the saying that there is no limit to what you can accomplish if you don't care who gets the credit.
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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I like to think that I try to learn something every day - and change my views, modify my views as I learn.
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There are now businesses and entire industries that exist solely as a result of federal patronage. Profiting from government instead of earning profits in the economy, such businesses can continue to succeed even if they are squandering resources and making products that people wouldn't ordinarily buy.
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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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I've had the philosophy that John Adams expressed, in the kind of system that we're trying to create in this country: that this is a system for moral people. It will work for no other.
Charles Koch
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Citizens who over-rely on their government to do everything not only become dependent on their government, they end up having to do whatever the government demands. In the meantime, their initiative and self-respect are destroyed.
Charles Koch
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Success is one of the worst enemies of success, because success tends to breed complacency and lack of humility.
Charles Koch
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How do we make people's lives better unless we find the truth of what works and what doesn't?
Charles Koch
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You can't start taking away benefits if people don't have any opportunities.
Charles Koch
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Do you want to have your feelings hurt a little bit because you have some negative feedback, or do you want to continue down the disastrous track you're on and have a huge disaster? Talk about a bruised ego. It may ruin your career.
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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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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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A market system is not a profit system, it's a profit-and-loss system.
Charles Koch