Charles Koch, one half of the notorious Koch Brothers (sort of like the Kray Brothers, but way more successful at getting away with their crimes), has published his wish list agenda in USA Today. Be warned, these guys are used to getting their way…
… Read the rest
…First, we need to encourage principled entrepreneurship. Companies should earn profits by creating value for customers and acting with integrity, the opposite of today’s rampant cronyism.
Too many businesses focus on getting subsidies and mandates from government rather than creating value for customers. According to George Mason University’s Mercatus Center, such favors cost us more than $11,000 per person in lost GDP every year, a $3.6 trillion economic hit.
Compounding the problem are destructive regulations affecting whether and how business invests and employees work. Federal rules cost America an estimated $1.86 trillion per year, calculated the Competitive Enterprise Institute. At Koch Industries, we’ve seen how punitive permitting for large projects creates years of delay, increasing uncertainty and cost.